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.
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.
