The Trump administration plans to provide USA Rare Earth with $1.6 billion in mostly loan financing to extract and process the materials and manufacture rare earth magnets.
The agreement will provide the U.S. government a stake somewhere between 8% and 16%, depending on how the agreement is executed, a filing states. The company announced a separate $1.5 billion in private finance.
This weekend's winter storm has caused widespread power outages in Nashville and other areas of the South — but as of Monday morning it hasn't severely strained the electricity grid.
Why it matters: Electric utilities across the country have seen heavy demand during the storm, with the possibility of power outages lasting multiple days.
Data: National Funeral Directors Association; Chart: Axios Visuals
Cremations are now twice as common as burials in the U.S., reversing a norm from two decades ago, according to the National Funeral Directors Association.
Why it matters: Shifting attitudes around religion, cost and the environment are reshaping how Americans handle death.
Extreme cold is hard on electric vehicles, but EV owners can avoid problems by being prepared — and may even be able to tap their car's battery if the power goes out.
Why it matters: A massive winter storm is expected to bring snow, freezing rain and sleet spanning New Mexico to New England, with extended power outages possible.
