15 Burst results for "Brandon Barnes"
Bloomberg Radio New York
"brandon barnes" Discussed on Bloomberg Radio New York
"120 countries. This is Bloomberg radio. Now, a global news update the inflation reduction act is headed to the House after clearing the Senate, the bill was approved with vice president Harris casting the tie breaking vote following a marathon weekend session. The house is expected to take up the massive economic plan on Friday, majority leader Chuck Schumer hailed today's approval of the package as historic and long overdue. Police and Cincinnati are investigating a mass shooting that wounded 9 people at a bar early this morning, begun fire erupted in the city's over the Rhine district, about one 30 a.m., police say all of the victims were being treated for non life threatening injuries at a nearby hospital. A Cincinnati police department spokesman says one responding officer fired his weapon at the shooter, but it's unclear if the suspect was hit as he fled the scene. There were no reports of arrests. The governor of New Mexico says she's sending additional police to Albuquerque to investigate the fourth murder of a Muslim man for Muslims have been killed in separate shootings in Albuquerque since November and police believe the murders could be related. I'm Chris karashi. You're listening to Bloomberg intelligence with Alex Steele and Paul Sweeney on Bloomberg radio. All right, well, U.S. lawmakers $370 billion climate and energy reconciliation proposal includes three key takeaways that would be most impactful for the oil and gas sector. Let's drill down on that with Bloomberg intelligence analyst Brandon Barnes. All right Brandon, what are those key issues for the energy space? Hey, Paul, I like the use of drill down there. That's good. And let's start with drilling, right So EMPs are probably the most impacted in terms of cost being added to them from the proposed reconciliation bill. It is coming in two different ways. One is a methane fee, which is a very popular approach from Democrat and those opposed to fossil fuels these days is trying to tag a fee on for emissions of methane at various places. Well head, compressors, pipelines where have you? The other one is going to be they're going to raise royalty rates on federal lands to 4% raise. These are billions of dollars across the industry, but that's helpful when you actually have landed drill on from the federal government, which is what brings us to the second takeaway, which is there's a net positive for offshore. So offshore drilling in the U.S. as we all know, gulf Mexico is primary target for exploration and production. There has not been a viable acreage sale from the federal government since before the fall of 2021. And so that has and we weren't supposed to see one until at least fourth quarter of 23. So this bill addresses all of that and everything in between and even going back further by reinstating old sales that were invalidated by a court. Let me give you a couple of people who are important in that place. You've got Chevron, Oxy, BP Shell Exxon. All of them were the highest bidders from that sale that would be reinstated a $192 million in bids. That's just one sale. They're supposed to happen at least once a quarter. And we haven't had one. So this bill would put that back into place. Third thing, we wanted to talk about was actually outside of this. Whatever background dealings were going on between senator Schumer and Manchin was allegedly part of that was we're going to agree later on to change federal permitting altogether. Sometime in the fall, maybe end of September. Big changes to energy infrastructure permitting, which hits renewables and oil and gas infrastructure in the same way because no one's getting anything built based on permitting, challenges in the course, et cetera. Interestingly enough, there's a carve out for mountain valley pipeline equitrans midstream that is the big one we think intervention has been using to try and he wants to get that push through. That goes West Virginia to Virginia, big gas pipe and stuck for a long time. Brandon, just give us a sense here. I mean, we were just paying $5 a gallon for gasoline a few weeks ago. There's real energy shortage that's going to get very acute in Europe this winter. What's the feeling with any energy space within the regulatory aspect of the energy space about, okay, we need to move towards clean energy, but boy, we also need some of this fossil fuel stuff, the tide is over. There's a lot of energy insecurity out there. How do you think about that? Well, look, I think that's we talked about this before and with reference to midstream, especially LNG exporters, right? U.S. keeps getting hit in different ways, LNG Freeport went offline because they have fire. They're trying to get back up. It just recently come to agreement with Sims of the federal regulator there. You got to be in pass and schneer. They're trying to push back on an air rule. Like there's all this regulatory morass that is threatening transmission and export of energy that could really help Europe, especially on the natural gas side. So I think there are certainly positive signals coming out of the companies in the energy and gas oil and gas companies here that are saying we wouldn't mind having this bill out there because that would help with, especially federal acreage for offshore, but maybe we get some permitting deal that we really badly need. Yeah, because it's interesting. Again, I think most people generally support the move towards green energy, but boy, I just had WTI crude at a $120 a barrel, you know, a few months ago with since come down and but it just seems like and I keep asking people, well, we'll just go build a new refinery, you know? And they tell me, it's not so easy, number one, and number two, there's really no incentive to go do that because, again, they're getting a lot of pressure from a lot of areas to move towards green energy. It seems like it's a very difficult transition. Yeah, really mixed signals coming out of Washington D.C., right? They're being big oil companies being called greedy. They're saying that gas prices are here because you guys are trying to get bigger profits. But just the way energy works worldwide, it's all connected. That doesn't really ring true. And what's being offered from certain corners of policymakers is let's push hard for green shore. But there's no bridge. There's no bridge from where we are now the way we consume electricity the way we use it for transportation and where people want us to go. And that reality just hasn't been crossed. I think that's the mix we get between politics in D.C. and sort of the reality of electricity and energy consumption in the United States. Right. I mean, $370 billion, this climate energy reconciliation proposal seems like a big number to me. Is it give us a sense of how material it is? Will it move the needle? Probably, I mean, honestly, this is more of a political move than anything else. This is let's get a win. We need something. We couldn't get those back better. This is a very light version of build back better. The last bill they got through that infrastructure act was over a trillion. And so this is much smaller in terms of the bigger packages that they would try and get through. Overall, it's in the $700 million range, but there's some energy and climate portion of 370 billion. We're talking about hundreds of billions of dollars. Those are big numbers, but for government spending, it's not a ton and it's likely that what this is going to do for the most part is this is targeting the tax side, right? Let's get some incentives out there to continue building those renewable projects. Let's get some incentives out there on EVs. Let's try and push people to come back to the table and develop again. All right, great stuff there, Brandon really appreciate it. Our thanks to Bloomberg intelligence analyst Brandon Barnes. All right, while we're talking about bill's another major piece of legislation in the works is the $740 billion inflation reduction act. The renewable industry may benefit if it passes while others like big pharma might not be so lucky. For more, let's bring in Bloomberg intelligence and senior government analyst Duane Wright Dwayne, what's in this bill for the healthcare industry? There's a couple of pieces and we start with the pharmaceutical side of things. The bill includes the Democrats long-standing goal to bring in drug prices. There's a provision in the bill that would allow or require the secretary of HHS to negotiate prices on some high expenditure or D and part D drugs and those prices would be available in the Medicare marketplace. Now the bill is and what's been proposed is short of what Democrats had proposed in the past. But there are enough moderate Democrats in the House and in the Senate to scale back the proposal so that we're looking at each of the first couple of years, only a handful of products ten to 15 products that will be subject to negotiation and those prices would be passed on to Medicare, to savings are not as big as what Democrats had hoped they'd see in previous proposals, but they are significant. It will bring in about a $100 billion in savings
Bloomberg Radio New York
"brandon barnes" Discussed on Bloomberg Radio New York
"Rights and access to abortion. We have to codify roe V wade in the law and the way to do that is to make sure that Congress votes to do that. And if the filibuster gets in the way, it's like voting rights, it should be we provide an exception Biden speaking at the end of a NATO summit in Madrid, says the U.S. has been a world leader in terms of personal rights and privacy, and he views the Supreme Court ruling as a mistake. In another blow to Biden's policies today, the Supreme Court restricted the EPA's ability to curb greenhouse gas emissions from plow power plants. Brandon Barnes is with Bloomberg intelligence. Basically what the court said is, you know, EPA, you tried to go too far when you were pushing the states to generation shift. You were trying to push the states away from those fuel sources into renewables into other ways to do this. Bloomberg's Brandon Barnes, chief justice John Roberts wrote that Congress needs to speak more explicitly to give the agency more power. The ruling does cast out on Biden's pledge to reduce U.S. emissions in half by the end of the decade. Brooklyn Nets superstar Kevin Durant is seeking a trade this according to the athletic nets GM Sean marks is reportedly working with Durant and his business manager to find a new team for the star. This news comes just hours before free agency opens, Durant was signed to the nets during the 2019 off season and has four more years on his contract. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists
Bloomberg Radio New York
"brandon barnes" Discussed on Bloomberg Radio New York
"Now, a global news update the overturning of roe V wade doesn't diminish American democracy. The United States is a for me, it remains shiny city on the hill. It's an incredible guarantor of values, freedom, around the world. As British prime minister Boris Johnson appearing on CNN State of the Union, he doubled down on his earlier statement that ending federal protection of abortions was a step backward, but the reports of the death of American democracy were grossly exaggerated. Multiple people are dead many others injured after part of a stadium in Columbia collapsed, a wooden stand crowded with spectators watching a bullfight in L espinal, gave way earlier today, at least four people were dead, dozens are hurt. Video posted to Twitter by Columbia's president elect Gustavo Petro shows the crowd of people came crashing down as others run from the area. Authorities are now investigating the cause of that collapse. And a cargo plane carrying 150,000 pounds of baby formula lands in Houston today. I'm Brad Steve. This is Bloomberg intelligence with Alex Steele and Paul Sweeney on Bloomberg radio. President Biden's biggest thorn right now are rising pump prices. It's expensive to fill up your car. There's been a big battle between the administration and refiners and oil companies to try and get more supply on the market. But one key part of that is the midstream company. It's how you transport the stuff to and from different locations. Joining us on to discuss is Bloomberg intelligence senior litigation analyst Brandon Barnes. Brandon, this drama that we're having in The White House over gasoline prices. Is this going to make the regulatory overhang on building a pipeline any better? You know, I think any of the issues we've had worldwide with LNG demand through the roof because of the rush Ukraine saga. You would expect something to change from what we've had in the past, which is really tough situation for midstream to build. But the actions that have been taken at the federal level with these agencies that are really responsible for permitting and allowing these pipelines to build. They tell the same story over again, which is basically, don't try and build anything big, even if you're building something small, you're probably going to get put through the ringer in the regulatory side. If you don't even know when you're going to be approved to build. Well, the people like me as I pay $5 a gallon for gas at the pump, I'm saying, can't they just crank up the refineries? What's the big deal? But that's not really a story, is it? No, no. And you know, I think that's a story for other my colleagues to tell certainly with the refinance running basically flat out. You can't build pipelines, you can, it just seems like everywhere in the energy space, the regulatory environment is just so difficult, which is understandable. It's been a trend for the last 20 years. I said, boy, consumers are really filling it today. Yeah, and you know, it's interesting because it's not there's an ideological bent right in Washington that dictates at least it seems in this administration that the push against fossils will directly correlate with help from renewables. But midstream is sort of this child that's somewhere in between because their midstream projects that are proposing to transport CO2 air midstream projects are proposing transport hydrogen. These are some of the ideas that will bridge us to through the energy transition. But those projects are subject to some of the same regulations that are hitting master gas and crude right now. And hurting their ability to build. If you were to get rid of one regulation that would really help build out pipelines for whichever, for stuff now and stuff later, what would it be? So I would take the federal energy regulatory commission first proposal that they put on the shelf for a little while to change their entire policy. I would take that off the board. That just roiled the whole market and the uncertainty around that for future projects. It was a policy that they had. So the policy is basically changing a 1999 version of here. If you can show commercial need for the project through long-term agreements for natural gas, you can build it. We'll do our due diligence on the environmental side behind that. But you can build it. The change is that now we're going to take into account everything under the sun when it comes to greenhouse gas and climate change landowner complaints. Environmental justice concerns with various communities being impacted. We're going to bring that all into deciding whether or not you can build. But we're not going to decide what the requirements are to fill that ideas out until later. So it's very wishy washy and no one knows what's going to happen and that's not really an environment you want to invest in. So help political is this entire process. If we were to get a Republican control of Congress in the midterms and then maybe even a Republican in The White House, the next cycle, would we see a material turnaround and maybe the regulatory outlook for some of these stream investments? This is the funny thing about regulatory versus policy, right? So policy if we think about bills and things come out of Congress and none of the regulatory is going to change because of whatever happens at the midterms. That's pretty much that. Biden gets to appoint his people and they're in there. And they are fulfilling executive orders and all the things he wants. They're not going to change. For example, department of interior decided we're not holding offshore drilling leases for Gulf of Mexico until 2023 at the earliest. That's not going to change because there's a new Congress in. The agency I mentioned before ferc, they are responsible for all pipeline sighting and LNG sightings. So they're really important for building our future for natural gas and LNG. They're not going to change their makeup even by 24. They probably will be about the same through about 25 or even 26. If you're a midstream company though, and even if The White House changes hands every four or 8 years, how nimble can you be in making these decisions? I mean, these are going to be multi-billion dollar projects to take
Bloomberg Radio New York
"brandon barnes" Discussed on Bloomberg Radio New York
"News update former president Trump appearing at a political rally in Illinois Saturday for Republican representative Mary Miller, weighs in on the Supreme Court's ruling that overturned roe V wade. Yesterday, the court handed down a victory for the constitution. A victory for the rule of law and above all, a victory for life. He said it was partly due to him nominating justices and judges who would stand up for the rights of the constitution. Miller is up against representative Rodney Davis in the Illinois primary on Tuesday Flag delays and cancellations are mounting ahead of the 4th of July holiday weekend. Just over 5300 flights have been delayed or canceled within into or out of the U.S. today. In addition to holiday demand airlines have faced continued issues with staffing shortages. It looks like Elvis has moviegoers all shook up. The new biopic directed by baz luhrmann and starring Austin butler as the king of rock and roll brought in nearly $13 million at the box office Friday. I'm Brad Steve. This is Bloomberg intelligence with Alex Steele and Paul Sweeney on Bloomberg radio. President Biden's biggest thorn right now are rising pump prices. It's expensive to fill up your car. There's been a big battle between the administration and refiners and oil companies to try and get more supply on the market. But one key part of that is the midstream company. It's how you transport the stuff to and from different locations. Joining us on to discuss is Bloomberg intelligence senior litigation analyst Brandon Barnes. Brandon, this drama that we're having in The White House over gasoline prices. Is this going to make the regulatory overhang on building a pipeline any better? You know, I think any of the issues we've had worldwide with LNG demand through the roof because of the rush Ukraine saga. You would expect something to change from what we've had in the past, which is really tough situation for midstream to build. But the actions that have been taken at the federal level with these agencies that are really responsible for permitting and allowing these pipelines to build. They tell the same story over again, which is basically, don't try and build anything big, even if you're building something small, you're probably going to get put through the ringer and the regulatory side. If you don't even know when you're going to be approved to build. Well, the people like me as I pay $5 a gallon for gas at the pump, I'm saying, can't they just crank up the refineries? What's the big deal? But that's not really a story, is it? No, no. And you know, I think that's a story for other my colleagues to tell certainly with the refinance running basically flat out. You can't build pipelines, you can, it just seems like everywhere in the energy space, the regulatory environment is just so difficult, which is understandable. It's been a trend for the last 20 years. I said, boy, consumers are really filling it today. Yeah, and you know, it's interesting because it's not there's an ideological bent right in Washington that dictates at least it seems in this administration that the push against fossils will directly correlate with help from renewables. But midstream is sort of this child that's somewhere in between because their midstream projects that are proposing to transport CO2 their midstream projects are proposing transport hydrogen. These are some of the ideas that will bridge us to through the energy transition. But those projects are subject to some of the same regulations that are hitting master gas and crude right now. And hurting their ability to build. If you were to get rid of one regulation that would really help build out pipelines for whichever for stuff now are in stuff later, what would it be? So I would take the federal energy regulatory commission first proposal that they put on the shelf for a little while to change their entire policy. I would take that off the board. That just roiled the whole market. And the uncertainty around that for future projects is the policy that they have. So the policy is basically changing a 1999 version of here. If you can show commercial need for the project through long-term agreements for natural gas, you can build it. We'll do our due diligence on the environmental side behind that. But you can build it. The change is that now we're going to take into account everything under the sun when it comes to greenhouse gases and climate change landowner complaints. Environmental justice concerns with various communities being impacted. We're going to bring that all into deciding whether or not you can build. But we're not going to decide what the requirements are to fill that ideas out until later. So it's very wishy washy and no one knows what's going to happen and that's not really an environment you want to invest in. So how political is this entire process? If we were to get a Republican control of Congress in the midterms and then maybe even a Republican in The White House, the next cycle, would we see a material turnaround and maybe the regulatory outlook for some of these stream investments? This is the funny thing about regulatory versus policy, right? So policy if we think about bills and things come out of Congress and none of the regulatory is going to change because of whatever happens at the midterms. That's pretty much that. Biden gets to a point his people and they're in there. And they are fulfilling executive orders and all the things he wants. They're not going to change. For example, departments here decided we're not holding offshore drilling leases for Gulf of Mexico until 2023 at the earliest. That's not going to change because there's a new Congress in. The agency I mentioned before ferc, they are responsible for all pipeline siting and LNG siting. So they're really important for building our future for natural gas and LNG. They're not going to change their makeup even by 24. They probably will be about the same through about 25 or even 26. If you're a midstream company, though, and even if The White House changes hands every four or 8 years, how nimble can you be in making these decisions? I mean, these are going to be multi-billion dollar projects to take a long time to build. Or is it as long as the right guy leads Burke? It's okay. It's a great question because it hasn't been this way before. Ferc for years was sort of an apolitical animal. They don't have a budget that's controlled by Congress to independent. They were typically just made up of state regulators or utility regulators that came through and were appointed, but only in the last 6 to 8 years have we seen really political appointees being filled in. And those are when we've seen the biggest changes coming through. So I think what you've seen from the midstream companies is they sort of dialed it back, there's a lot less of the big builds going out right now unless you're just doing a Texas build or maybe a pipeline feeding an LNG terminal. Right now you're seeing people just doing compression only or small loops, really just upgrades to existing systems. Even those, those are hundred to $500 million project. So even those are getting crushed. Amazing stuff. All right, Brandon, good stuff. Thanks for joining us at our Brandon bards. Senior litigation analyst looking at the U.S. midstream business. All right, it has been a tough start for investors in 2022. Inflation up, pushing stocks down, big time pushing huge losses in the fixed income market as any part of the chain anywhere you want to be. How about the exchanges? Are they making money? They typically like volume. Paul Goldberg follows all the exchange stuff for Bloomberg intelligence. Paul talked to us about the exchange and think about the CME and the ice. Talk to us about their businesses as we are in
Bloomberg Radio New York
"brandon barnes" Discussed on Bloomberg Radio New York
"Gun trafficking. President Biden continues to blast the U.S. Supreme Court. The terrible decisions. Biden made that comment after a reporter asked him if he thought the Supreme Court is broken. Texas governor Greg Abbott says about 22,000 migrants have been turned away at the Mexico border. Abbott didn't say when it happened, but claims its proof that operation lone star is a success. The Republican blamed The White House for not increasing border security. That's the latest I'm Julie Ryan. This is Bloomberg intelligence with Alex Steele and Paul Sweeney on Bloomberg radio. President Biden's biggest thorn right now are rising pump prices. It's expensive to fill up your car. There's been a big battle between the administration and refiners and oil companies to try and get more supply on the market. But one key part of that is the midstream company. It's how you transport the stuff to and from different locations. Joining us on to discuss is Bloomberg intelligence senior litigation analyst Brandon Barnes. Brandon, this drama that we're having in The White House over gasoline prices. Is this going to make the regulatory overhang on building a pipeline any better? You know, I think any of the issues we've had worldwide with LNG demand through the roof because of the rush Ukraine saga. You would expect something to change from what we've had in the past, which is really tough situation for midstream to build. But the actions that have been taken at the federal level with these agencies that are really responsible for permitting and allowing these pipelines to build. They tell the same story over again, which is basically don't try and build anything big, even if you're building something small, you're probably going to get put through the ringer and the regulatory side. And you don't even know when you're going to be approved to build. Well, the people like me as I pay $5 a gallon for gas at the pump, I'm saying, can't they just crank up the refineries? What's the big deal? But that's not really a story, is it? No, no. And you know, I think that's a story for other my colleagues to tell certainly with the refinance running basically flat out. You can't build pipelines, you can. It just seems like everywhere in the energy space, the regulatory environment is just so difficult, which is understandable. It's been a trend for the last 20 years. I said, boy, consumers are really filling it today. Yeah, and you know, it's interesting because it's not there's an ideological bent right in Washington that dictates at least it seems in this administration that the push against fossils will directly correlate with help from renewables. But midstream is sort of this child that's somewhere in between because their midstream projects that are proposing to transport CO2 air midstream projects are proposing transport hydrogen. These are some of the ideas that will bridge us to through the energy transition. But those projects are subject to some of the same regulations that are hitting master gas and crude right now. And hurting their ability to build. If you were to get rid of one regulation that would really help build out pipelines for whichever for stuff now are in stuff later, what would it be? So I would take the federal energy regulatory commission for proposals that they put on the shelf for a little while to change their entire policy. I would take that off the board. That just roiled the whole market. And the uncertainty around that for future projects is the policy that they have. So the policy is basically changing a 1999 version of here. If you can show commercial need for the project through long-term agreements for natural gas, you can build it. We'll do our due diligence on the environmental side behind that. But you can build it. The change is that now we're going to take into account everything under the sun when it comes to greenhouse gas and climate change landowner complaints. Environmental justice concerns with various communities being impacted. We're going to bring that all into deciding whether or not you can build. But we're not going to decide what the requirements are to fill that ideas out until later. So it's very wishy washy and no one knows what's going to happen and that's not really an environment you want to invest in. So how political is this entire process? If we were to get a Republican control of Congress in the midterms and then maybe even a Republican in The White House, the next cycle, would we see a material turnaround and maybe the regulatory outlook for some of these stream investments? This is the funny thing about regulatory versus policy, right? So policy if we think about bills and things come out of Congress and none of the regulatory is going to change because of whatever happens at the midterms. That's pretty much that. The Biden gets to appoint his people and they're in there. And they are fulfilling executive orders and all the things he wants. They're not going to change. For example, department of interior decided we're not holding offshore drilling leases for Gulf of Mexico until 2023 at the earliest. That's not going to change because there's a new Congress in. The agency I mentioned before ferc, they are responsible for all pipeline siting and LNG settings. So they're really important for building our future for natural gas and LNG. They're not going to change their makeup even by 24. They probably will be about the same through about 25 or even 26. If you're a midstream company though, and even if The White House changes hands every four or 8 years, how nimble can you be in making these decisions? I mean, these are going to be multi-billion dollar projects to take a long time to build. Or is it as long as the right guy leads work? It's okay. It's a great question because it hasn't been this way before. Ferc, for years was sort of an apolitical animal. They don't have a budget that's controlled by Congress to independent. They were typically just made up of state regulators or utility regulators that came through and were appointed. But only in the last 6 to 8 years have we seen really political appointees being filled in. And those are when we've seen the biggest changes coming through. So I think what you've seen from the midstream companies is they sort of dialed it back, there's a lot less of the big builds going out right now unless you're just doing a Texas build or maybe a pipeline feeding an LNG terminal. Right now you're seeing people just doing compression only or small loops, really just upgrades to existing systems. Even those, those are hundred to $500 million project. But even those are getting crushed. Amazing stuff. All right, Brandon, good stuff. Thanks for joining us there, Brandon bards. Senior litigation analyst looking at the U.S. midstream business. All right, it has been a tough start for investors in 2022. Inflation up, pushing stocks down, big time pushing huge losses in the fixed income market as any part of the chain anywhere you want to be. How about the exchanges? Are they making money? They typically like volume. Paul Goldberg follows all the exchange stuff for Bloomberg intelligence. Paul talked to us about the exchange and think about the CME and the ice. Talk to
Bloomberg Radio New York
"brandon barnes" Discussed on Bloomberg Radio New York
"That you could probably do is challenge their decision. They'll go to the FDA and say, we're going to challenge this in court. Good luck with that. FDA has had plenty of time to think through this. They probably have their defenses in line. The challenge at all tree has here is they don't have a lot of fallback in terms of diversification from its cigarette business, which it's about 85, 90% of their profits. And they do have a small smokeless tobacco, a Copenhagen skull, moist, enough business. But that's really just about it. And they were really looking at Juul and a marketing arrangement that has with Philip Morris International through its iqos. Heating device products, that kind of fell through. So it's really kind of stuck right now. It's almost has a go back to square one to come up with a product that could be seen as an alternative to cigarettes. So is this really from the FDA's perspective a medical issue or medical risk issue or is it a marketing issue that perhaps the dual folks were marketing to kids and others? You know, I think it's a little both and the written decree that they put out today on the FDA site really points to the toxicology examination. They don't really talk about marketing that much, but clearly, if you go back in time a couple of years ago, that's where Juul got in trouble from the FDA. Marketing these things responsibly and while their house has been in order more recently, with regard to their marketing, again, I think what is probably, is my opinion is probably weighing on this decision at the FDA is some of those past marketing practices. I think they're paying for right now. Ken, thanks a lot. We really appreciate it. Ken Shay, Bloomberg intelligence analyst joining us on Juul and Altria. All right, coming up on the program, Brandon Barnes. He's a
Bloomberg Radio New York
"brandon barnes" Discussed on Bloomberg Radio New York
"For the Supreme Court not just who the replacement will be but obviously some key topics that the court is likely to take a look at one of them is how will the court view big business in America Let's get some answers to that We can do that with Bloomberg intelligence senior litigation analyst Elliot Stein So Elliot I would characterize I think most folks characterize or think of the Supreme Court is pretty business friendly Any reason for that to change I don't see that change in this to take a step back Justice breyer's retirement there's very different than the last change and adjustments that we had when justice Ginsburg died a couple of years ago and was replaced by president Trump with justice Amy Coney Barrett That was pretty big shift in the balance of the court Extending it further into the right on a lot of issues Just given that justice Ginsburg obviously came from the liberal wing was appointed by president Clinton And so that was a big change We're not getting that this time right Justice breyer also was appointed by president Clinton and now we have another democratic president obviously who is going to nominate his successor Give us a sense of timing here I know these things can get ugly but we've got the midterms coming up How do you court watchers think this might play out So we took a look at the time from nomination to confirmation going back to 1975 for all the Supreme Court Justices that have been nominated and confirmed since then And the average time from nomination to confirmation during that time is about 64 days or just over two months Justice Barrett at the end of 2020 was confirmed very quickly because there was an election And that only took 30 days So it can be done really quickly It sounds like President Biden wants to nominate someone at the end of February justice breyer has indicated he'll stay on through the end of this term meaning that you'll stay on till the end of June or early July when the term ends And then he'll step away assuming that his successor has been confirmed So based on that timeline is President Biden nominates someone at the end of February barring any unforeseen hiccups they could definitely have someone confirmed by the end of April well in advance of when just aspire wants to step off the bench Are there any big corporate cases before this court that corporate America is really kind of focusing on We're tracking a few here at Bloomberg intelligence on our litigation team One case that's being tracked by Holly firm who covers litigation concerning consumer and industrial companies She's following the case by Ron it's a petition in the Supreme Court involving the German healthcare and industrial company That case concerns Monsanto's roundup weed killer Tens of thousands of cases brought in class actions across the country Bayer is trying to limit its liability by arguing that a lot of the claims which were brought under state laws are preempted by federal law So they're asking the Supreme Court to review that And if they get the Supreme Court to review that case and rule in their favor which my colleagues our insurance the Supreme Court will do that could really limit buyers liability in those cases by potentially about $3 billion Okay interesting And I know there's also some energy infrastructure utility cases out there I mean there's a big movement to go green but there's also litigation issues out there as well and any reason I think that might change from the squirt So my colleague Brandon Barnes has been tracking those cases and with all these cases that we're talking about including the buyer case we don't our analysis is not changing with justice buyers retirement rates The court going back to the point earlier the court has been business friendly and we don't do that changing because we don't see a big shift with just as far as retirement But the two cases in the energy space that Brandon following that are in the Supreme Court one concerns the EPA's clean power plan which is being argued at the end of February And Brandon thinks that the court will rule for the power generators that have brought that petition and limit the EPA's authority under the clean power plant All right well stay on top of that and potentially a new sitting justice in three or four months We really that should be interesting Elliot it's Stein Thank you so much for joining us giving us that update there Elliot Stein Bloomberg intelligence senior litigation analyst Environmental social governance that's ESG to the kids in the know It's one of the fastest growing areas in financial services or attracting a tremendous amount of capital Every time I speak to our next guest the numbers just get bigger Shaheen contractor joins us She covers ESG for Bloomberg intelligence So shaheen let's just start our people still allocating more and more of a portfolio to ESG investing Great question So you're right It keeps getting bigger I think in 2021 ESG ETFs as a slice of the bigger ESG buy it has assets 441 billion which was about a 70% growth since 2020 So yes don't be a question This does keep increasing All right so if I want to put together an ESG oriented ETF do I just throw in a bunch of technology names and make sure I don't put in any big oil names Is that kind of how I do it That's how it seems in the face of it I would say yes But I think if you dig in I think many funds follow very different strategy some focus on gender for example shampoo and local so the strategy is really different And one of the bigger problems I think you might be like was that no one really knows what goes in and how to describe it So that's one of the bigger challenges One of the risks I see you call out in some of your research is concentration risk that kind of goes to a lot of this money flowing in It's not flowing into lots of different ETF funds It's more concentrated There may be some observers would like talk to us about that Sure And that's a very big list So just to paint a few numbers then funds out of 1300 chicken about 22% of flows in 2021 So that's concentration Doctor fairly concentrated number And we actually saw this play out in December So one EM ESG fund last 90% of its assets because the largest shareholder change the allocation strategies away from a.m. Now that's just what happens when one shareholder goes in 90% of your assets which is what I mean by concentration there Is ESG investing In my career on Wall Street I first heard about ESG investing maybe I don't know ten years ago and really was from a European based client I didn't really hear about it too much in U.S. but that's changed over the last several years It seems we're hearing about it reading about it a lot more Is this becoming more of a kind of a global investment factor Very much So I think you're right You're traditionally critic always been the heavyweight But we have seen the U.S. pickup And in fact the U.S. is actually home to some of the largest funds which continues to drive U.S. interest But again problem is its concentrated growth One of the issues that I have heard from investors that are active or like to be more active in ESG ETFs is you know when I do my financial analysis I've got income statements balance.
Gaming and BS RPG Podcast
"brandon barnes" Discussed on Gaming and BS RPG Podcast
"Revamp. There are gonna be slipped cases that are coming out with particular products that make up like tasha's cauldron there's think a couple others one to come out they're gonna put them together some re releases so now there is talk. We tagged in a twitter account. I mentioned this on saturday where somebody was saying. Hey look at all the job openings. They have they're all digital based programming. Or whatever that that you will be in its states. You'll be crucial member of a team that will be involved in the next iteration of dnd world's most popular role playing game. And of course we got hit up. And say hey. What are your thoughts whether looks like. And of course one had one percent of threat about what's going to be a digital initiative it's gonna be you know virtual tabletop. How how is that going to have a fallout in the rest of the industry. You know. how's that can affect places. Like i was just going to say you have talked about this before is like when are they going to do as the largest entity or whatever take control of their product on their table top. When is that going to happen. I'm wondering if that's a move and part of me is like Interesting i still know how to play my game the way i play it. That's anew new. When are we going to stop giving money to d- beyond for selling our product. When are we gonna stop giving one bookshelf money to have dm skilled. When are we going to stop allowing people to use our stuff on rural twenty in having them take a cut of our products. Yeah i'll tell you what. I know wizards and digital has never. It's never peanut butter and chocolate man. At least whoever has just went up hopefully like murder people like the last guy so affair. So that's been a long time longtime it's fact anyway. Point being is this. I don't care like oh neat chris. Short mentioned tasha's hours mourn cannons monsters. Yeah we talked about this in my buddies. And i have talked about this. I've had this conversation with kids. I said look. Here's the deal. this is i like. Rpg's like second third even. Like pathfinder like fifth addition. I like miller play all the stuff. I have similar room. Forbidden lands got a copy of man. Sounds cool. I could play this. I can play this. I i just because it dies or stops being supported or they put a new dish out. Doesn't mean i need one run out and buy it in two five knots from having fun doing what i'm doing i don't need that stuff. They say time every time they do it. Though you lose market you lose your use a slice your audience except the fifth addition is like selling like fucking crazy. It sound like crazy now but when they twenty four and this is where i think it you know a repackaging and digital initiative. We'll see anyway. We can whatever we say today. What o- obviously i can't. He's like sound fucking know worried about rolex. Here's the thing. If i were beyond their their by phantom so fandom if they've got a huge hey if dion is putting big bank into their pockets then i'd be shit my pants if i was phantom like all the end of discussion. But that's the price you pay when you put all your fucking eggs in one basket ask pies. Oh yes they came around. They survived not without panic-stricken like holy shit dungeon dragon magazine anymore. It just kind of this is one of those pieces of. It's it's a corporation it's a. It's the needs to make money needs to do stuff. You cannot just make another book a certain point you have to do something. Used to y Five eighty when. Just keep making some broom. 'cause there's this market there is a mark market and five. Yeah that's dumb not to try to use that. So we'll see what happens. We will see what happens. Won't we what else you got. Four th anniversary of colic fortieth. I'd say forty. Four hundred fourth said forty four four three zero zero. That's a sweet book man. They added a jail. I should've told somebody pick me up a copy but not tober daito brad. He's gonna get it sexy. Look really good. So jen kannada limited run and then october. They're gonna take orders. It's it's black rat. It looks pretty cool feerick. Call thue person. If you're looks you can chits billion dollars lying around. You know you could buy as modi only two billion euros which is even more than two billion dollars. Yeah you're you're held by a holding company. That's what they do. They buy it for a billion they sell it for two. I can't do this. is this. What happens holding companies. Don't hold on everything for long practice. Yeah juggling company to keep up and retinas do so that is all a half for diarrheal for this fancy week and gaming and bs i wanna thank everybody for coming here and joining an eye on youtube live. I think we're gonna stick with youtube. Live moving forward In then if you want to give us a like or subscribe if you haven't already thank you very much. We've greatly appreciated otherwise. We're going to release this audio as usual and you can find that at our audio audio pod catcher of choice otherwise. I don't think i have anything else to say. All right man. Otherwise we're talking about the end is near the ending Talking about ending a campaign like the announcement of it knowing exactly how many sessions the thing is and so forth to me. There's there's a guessing thoughts on a couple of people at least one in our discord. That's like the group says. Hey when are we going to be done with this. Yeah i mean we're talking about that so good is the deal. The dis- near the end is exit. Right well three heavily and gentleman tune in next week. I'm sean good night and good game. In all this episode of gaming bs produced with help from the following bs. Sirs joe swick old school dea. Twenty sugarloaf baker erich jefferson. Andy hall chris steele jason. Hobbs marked a saka mirko. Froyo pure mongrel brett pazenski brandon barnes. Eileen barks dan lavallee picture. Wii craig uber roger bracelet. Stephan dragons bond chaired rascher ray otis. Jim fitzpatrick bold scouser role playing christopher laying. Curtis takahashi there. How ron bishop mark richmond. Chad gleaming sky craig. Howard bishop josh. Wallace corey welsh pinkus. Eric sauls george said with robert nemeth. Brian kurtz laremy.
Gaming and BS RPG Podcast
"brandon barnes" Discussed on Gaming and BS RPG Podcast
"Really <Silence> <SpeakerChange> <Speech_Male> <hes> <Speech_Music_Male> <Advertisement> <Speech_Female> <SpeakerChange> <Speech_Male> <Speech_Male> pondered this <Speech_Male> for a while so <Speech_Male> i don't think <Speech_Male> it's a <Speech_Male> fly by night review <Speech_Male> by any means <Speech_Male> it's and it's pretty <Speech_Male> lengthy so <Speech_Male> no. <SpeakerChange> No skimping <Speech_Male> annette. <Speech_Male> Jared does not <Speech_Male> give interviews man. He <Speech_Male> does long in depth <Speech_Male> stuff. And i know some people <Speech_Male> give him shit for that. I've <Speech_Male> heard oh. Jesus christ <Speech_Male> source longer useful mcnabb. <Speech_Male> But he's it's well <Speech_Male> thought out. And i <Speech_Male> liked him. I've <Speech_Male> read this one yet but <Speech_Male> I am definitely <Speech_Male> going to. Because <Speech_Male> i respect your and <Speech_Male> the things he has to say <Speech_Male> terry <Speech_Male> <SpeakerChange> very <Speech_Male> woman. <Speech_Male> And that's all we had <Speech_Male> for this week. <Speech_Male> Brett what do we talk <Speech_Male> next week. <Speech_Male> <Speech_Male> Talking about player homework <Speech_Male> that we talked about <Speech_Male> kind of in the <Speech_Male> In the vein <Silence> here and as we're talking about <Speech_Male> creating <Silence> this <Speech_Male> <Speech_Male> This <hes> shannon <Speech_Male> brett campaign <Speech_Male> thing here is like okay. <Speech_Male> How much how much homework <Speech_Male> do you want to give a crew. <Speech_Male> What do they they have to know. <Speech_Male> <Speech_Male> And so forth to come into <Speech_Male> this because if you and <Speech_Male> i both read delta green <Speech_Male> we've played it before we've <Speech_Male> run up before <SpeakerChange> great <Speech_Male> some shows <Speech_Male> up says i've always been interested. <Silence> I have a you <Speech_Male> know set of <Speech_Male> d. one hundreds. Can <Speech_Male> i play you know. <Speech_Male> How much homework should <Speech_Male> we ask <Speech_Male> that person to do <Speech_Male> in preparation for that game <Speech_Male> and it might be a good good <Speech_Male> conversation. So <Speech_Male> that's what i'm thinking <Speech_Male> of <Speech_Male> <SpeakerChange> <Silence> clear. We go <Speech_Male> sounds <Silence> fantastic. <Speech_Male> Porsche <Speech_Male> does <Speech_Male> all right <Speech_Male> did you. You ever arash <Speech_Male> you. It's a good idea. <Speech_Male> Oh it is <Speech_Male> an <Speech_Male> idea. A couple <Speech_Male> other people mentioned like <Speech_Male> doing that. Too like <Speech_Male> ebb you. <Speech_Male> That is <Speech_Male> if the stay <Speech_Male> tuned <Speech_Male> till <Speech_Male> next week. <Speech_Male> Monday when we record <Speech_Male> that episode <Speech_Male> disclaimer. <Speech_Male> Sometimes <Speech_Male> we've changed <Speech_Male> at the last minute but <Speech_Male> nonetheless that's on <Speech_Male> the docket as it stands <Speech_Male> right now so <Speech_Male> next week. Mondays <Speech_Male> at eight. <Speech_Male> Pm central time <Speech_Male> record here on twitch live. <Speech_Male> Thanks for everybody <Speech_Male> showing up in <Speech_Male> the chat. Really appreciate <Speech_Male> it. The dec- <Speech_Male> everybody see <Speech_Male> everybody <Speech_Male> <Speech_Male> Thanks for your support. <Speech_Male> <Speech_Male> Otherwise if you see this on <Speech_Male> youtube give us a like <Speech_Male> and subscribe <Speech_Music_Male> really appreciate that. <Speech_Music_Male> Otherwise you're going to catch <Speech_Male> this <Speech_Male> audio flagship <Speech_Male> show at your pod catcher <Speech_Male> of choice just do <Speech_Male> a search for gaming and <Speech_Male> bs and it'll <Speech_Male> come up and then subscribe <Speech_Male> that way and <Speech_Male> you'll get all that stuff <Speech_Male> somebody mentioned <Speech_Male> just. <Speech_Male> Hey <Speech_Male> i'm listening to your recent <Speech_Male> shows. I will go <Speech_Male> back. And it only goes back <Speech_Male> like three hundred episodes <Speech_Male> so i don't see <Speech_Male> like episodes <Speech_Male> zero to fifty <Speech_Male> two. What's <Speech_Male> up with that. That's <Speech_Music_Male> because there are says <Speech_Music_Male> feed gets too big <Speech_Music_Male> <Advertisement> side the limited <Speech_Music_Male> <Advertisement> to three hundred episodes. <Speech_Music_Male> But you know he's <Speech_Music_Male> to gaming <Speech_Music_Male> dot com. Get those <Speech_Music_Male> episodes if you <Speech_Music_Male> would wish <Speech_Music_Male> and like two <Speech_Music_Male> so <Speech_Music_Male> there you go <Speech_Music_Male> <Speech_Music_Male> but otherwise. <Speech_Music_Male> This one's in the can. <Speech_Music_Male> <SpeakerChange> <Speech_Male> I'm sean <Speech_Male> an umbrella. <Speech_Music_Male> Good night and good <Speech_Music_Male> <Speech_Male> this <Speech_Male> episode of gaming. <Speech_Male> Bs produced <Speech_Male> with help from the following <Speech_Male> bs. Hers <Speech_Male> joe <Speech_Music_Male> swick old school. Dm <Speech_Music_Male> tony sugarloaf <Speech_Music_Male> baker. Erich jepson <Speech_Music_Male> andy hall. Chris <Speech_Music_Male> steele jason. Hobbs <Speech_Music_Male> parked asaka miracle. <Speech_Male> Freulet pure <Speech_Male> <Advertisement> mondro brett polinsky <Speech_Male> brandon barnes. <Speech_Music_Male> Eileen barnes dan <Speech_Music_Male> lavallee craig huber. Roger <Speech_Music_Male> bracelets deafened <Speech_Male> dragon spawn <Speech_Male> shared rascher. Ray <Speech_Male> otis jim fitzpatrick <Speech_Male> old. S- <Speech_Male> gouzer roleplaying. <Speech_Male> Christopher <Speech_Male> laying curtis <Speech_Music_Male> takashi. Larry <Speech_Music_Male> out brown bishop <Speech_Male> mark richman chad <Speech_Male> lehman sky <Speech_Male> craig. Howard bishop <Speech_Male> josh wallace. <Speech_Male> Corey welsh angus. <Speech_Male> Eric <Speech_Male> tweedle george. Sedgwick <Speech_Male> robert demon. <Speech_Male> Brian kurtz laremy <Speech_Male> wall.
Bloomberg Radio New York
"brandon barnes" Discussed on Bloomberg Radio New York
"Collapse of a condominium in Surfside, Florida. 159 people are missing for confirmed dead. The Food and Drug Administration adds a warning to Pfizer and Moderna covid vaccines indicating a risk of heart inflammation. For each vaccine reports suggest increased risk after the second dose. That's the latest I'm Cameron Fairchild. This is Bloomberg Intelligence with Alex Steel and Paul Sweeney on Bloomberg Radio. President Biden has a moratorium on new lease sales for federal acreage that has been lifted by a court. In Louisiana. So is this. The president's Can We expect this from other courts all over the country, while Brandon Barnes will tell us all the details from Bloomberg Intelligence? He's a senior litigation analyst. Brandon First Give us the details like what was the case about? And how did and and how did it turn out? Yeah. So you've got a couple cases. Louisiana was leading the charge here. They're about 13 states involved and they were suing. By an administration and the Department of Interior and others in the administration to effectively live this moratorium, because the, uh Agencies had implemented. Is ban on new leasing on federal acreage offshore and onshore in response to an executive order from the Biden administration a couple days after being sworn into office. So how much are we talking about here Brand in terms of how much acreage is involved, and I'm trying to think of some of these energy companies and how much on federal land they actually drill. It's a good question, and I think this is where you kind of breakout players being in different areas, certainly off shores. Is the big piece of the pie here because the federal government control of most that we sing in the Gulf of Mexico, Um and so that is all part of this. Although They had only had to lease sale scheduled for 2021 so Those two liters a big issue for Louisiana. In that case for onshore, you know, it's a little less impactful generally accepted fewer drilling in New Mexico in the Permian. Parts of Wyoming, Utah, Colorado in particular. Um and so those a lot of those players had already kind of bulked up their portfolio of leases and permits. Understanding that Biden would potentially do this when he came in, right, so let's actually just drill down on that for just a second. So if I got released before President Biden was was elected into office. What? What does that do for me? Like? How long does that least last four? And do I have to reapply? Or is it mind forever, like, walk me through that. So for a lot of these programs, the lease is good for five years and the leases Obviously you're Ability to get at the subsurface minerals on federal lands. But you also still have to have a permit to drill one of things that by an administration did when they came in, as they stopped all permitting for 60 days, in addition to the lease sale, so it's sort of a twofold. Feel? Um, but if they had leases prior to buy an administration coming in those least there for certain acreage. Those are going to be stripped back if they had permits pending. Maybe those were problematic. In that interim period where there was a moratorium on permitting, But now we're back in the flow of permitting and likely most of these aren't weren't going to be drilled for a couple years anyway. And so they were sort of. They're always working on the backlog in the backlog is at least a couple years long. For most the on shore drillers in particular. So remind us brain and what? How did this play out during the Trump administration? Was it just kind of a land, grab ocean floor and grab for these companies? Well, I wouldn't say it was that much different because especially for offshore offshore is controlled by what's called a five year plans. Basically, you can't do anything until the relevant federal agency puts a five year plan in place. And actually, the five year plan to throw them now was signed and approved by the Obama administration. Okay, And so all of those lease sales were scheduled, and this is really what the court was getting out of Those have been scheduled out in 2022 the fact that you pause that is something that Administration can't do really It has to be Congress. Um Resident, Trump was much more known for the fact that he was can open up new areas releasing. Um, but the thing is those time frames are all part of this five year plan rotation for offshore and so Those are going to come to fruition anyway, because Biden can already go back and stripped us turn the clock back. But because we're still in the Obama administration is time frame for the five year plan now, so what happens next? Well, it's legally. This is interesting, but I don't think there's a lot of impacts of the companies at this point. What we'll probably see as the number of Different legal maneuvers, including a quick appeal of the circuit, which is pretty conservative. And then the lower court case continues on. There's a separate case in Wyoming that continues. I think the long and short is People will probably still be on their current drilling program. There's probably no impact in terms of how they by looking at their the economics of drilling from from leasing standpoint. Until you know we would have a moratorium through year end. But it's much more likely to buy administration will figure out a way to tighten the rules. And allow leasing to go back to where it was because I have to before year end or near there, and so we'll probably see continually sales under much tighter environmental rules. Making it more difficult to approve them on the back end and therefore more less subject to challenge by the courts, so probably no real impact at the at the on the ground for a little while, but probably Bigger part of the administration's effort to clamp down on the environmental issues. People complain of all right, Brandon, Thanks so much. Brandon Barnes Bloomberg Intelligence, senior litigation analyst. Thanks, Brandon. Alright, build back better. That is the plan for the United States and the G seven. As we come out on the other side of this pandemic, it is a plan for significant global infrastructure. Let's get some more color on that. We do that with Sonya Bald era Bloomberg intelligence, senior infrastructure analysts Sonia It was a nice look of solidarity, the the U. S and the G seven talking about a lot of issues, one of those issues. Is infrastructure spending. Give us a sense of what you took away from those meetings. So from these meetings, I think what is morally relevant to say, is that they came up with an alternative of infrastructure grants strategy for the world. That can compete. We'd what China already presented back in 2013, the belled Rony Road Initiative, and probably, as you know, I mean, China has been using these grand strategy to Laura, a countries around China and other partners to develop on the same model on the same economic model based on infrastructure construction. And this one belt. One road initiative has already 120 countries and what will back better puts on the table? It's something It can be challenging as well for for the China Bell Road initiative that brings together all the rich nations thinking. On one side how to help emerging countries how to put some of them institutions from both sides of the client thinking us in Europe. To bring more financing to infrastructure and in order to help those economies in emerging markets that really need to increase the basic infrastructure from transportation. Health in order for these projects to have a different framework to have better stances on how we use materials. How we deployed our resources and in order to decrease the C two emissions in them in the world. What kind of money are we talking about? And where is it going to come from? Mean a pledge is great. But then people have to match and put their money where their mouth is. Where does the money come from? Well, what to the G seven and President Biden's trying to put on the table is more investment from private side. Which is tricky as well, because you know, not only we have a lot of liquidity in the market, but some of these countries are quite risky, and that's one of the reasons why it's very difficult for some of these projects to be to be financed to have a proper model proper. Project finance..
Gaming and BS RPG Podcast
"brandon barnes" Discussed on Gaming and BS RPG Podcast
"Ciphered. <Speech_Male> Andy olsen michael. <Speech_Male> Dino's erica <Speech_Music_Male> via perry <Speech_Male> zoar <Speech_Male> jeremy wall. Brian <Speech_Male> kurtz robert de meth. <Speech_Male> George sedgwick <Speech_Male> eric salts battle <Speech_Male> angus <Speech_Male> corey. Welsh josh <Speech_Male> wallace. Our <Speech_Male> bishop craig. <Speech_Music_Male> Sky chad <Speech_Male> gleaming. Mark richmond <Speech_Music_Male> ron bishop. <Speech_Music_Male> Larry curtis <Speech_Music_Male> <Advertisement> takahashi <Speech_Male> christopher laying old <Speech_Male> school. Roleplaying <Speech_Male> jim fitzpatrick <Speech_Male> ray. Otis <Speech_Male> jared rascher. <Speech_Music_Male> Stephan dragon <Speech_Music_Male> spawn roger <Speech_Music_Male> <Advertisement> bracelet. Craig huber <Speech_Male> <Advertisement> cw <Speech_Male> mellencamp. Dan lavallee <Speech_Male> barnes <Speech_Male> brandon. Barnes <Speech_Male> pure mongrel <Speech_Music_Male> merckel froehlich mark <Speech_Music_Male> to saka jason. <Speech_Music_Male> Hobbs chris <Speech_Music_Male> steele <Speech_Male> andy hall. <Speech_Male> Eric jefferson <Speech_Male> tony sugarloaf <Speech_Male> baker old <Speech_Male> school. Dm and <Speech_Male> joe swick. <Speech_Music_Female> <Speech_Male> <SpeakerChange> <Speech_Male> Hey <Speech_Male> interested in playing some <Speech_Male> games. <Speech_Music_Male> Have you tried something. New <Speech_Music_Male> <Speech_Male> head over to gaming. <Speech_Music_Male> Es dot com forward <Speech_Male> slash games. <Speech_Male> It's going to take you to a form <Speech_Music_Male> post in that foreign <Speech_Male> <Advertisement> postal point <Speech_Male> you to a spreadsheet <Speech_Male> for gay masters <Speech_Male> <Advertisement> are putting games. <Speech_Male> <Advertisement> They're willing to run <Speech_Music_Male> <Advertisement> for fellow. Yasser's <Speech_Music_Male> <Advertisement> <Speech_Music_Male> there <Speech_Music_Male> you could sign up <Speech_Music_Male> <Speech_Music_Male> or had <Speech_Music_Male> over to the sheet <Speech_Music_Male> that says <Speech_Music_Male> players and <Speech_Male> then you can put down some games <Speech_Male> on your wishlist. <Speech_Male> Maybe a gay <Speech_Music_Male> master. Oh catch it <Speech_Music_Male> and run it <Speech_Music_Male> for you. <Speech_Male> Anyways it's a good opportunity <Speech_Male> for try <Speech_Music_Male> new games <Speech_Music_Male> playing with new people <Speech_Music_Male> so <Speech_Male> again giving <Speech_Music_Male> bs dot com <Speech_Music_Male> forward slash <Speech_Music_Male> games <Speech_Music_Female> <SpeakerChange> <Speech_Music_Female> sir <Music> <Advertisement> <Speech_Music_Male> <Advertisement> <Speech_Male> <Advertisement> <Speech_Music_Male> this has been in <Speech_Music_Male> litterbox studio <Speech_Music_Male> shit. <Music>
Bloomberg Radio New York
"brandon barnes" Discussed on Bloomberg Radio New York
"And if they make no decision on what to do with the encroachment, and there can be no legal ramifications after the fact and that's something the judge lamented in his opinion. How does the Army Corps just decide not to do anything? Don't they have a responsibility? Well, they certainly do have a duty to do something, but their take on this revolved around Look, you ordered us to go back and redo this environmental assessment and turn it into a much more robust environmental impact statement. And that's going to take take us until March of 2022. So why don't you let us do that? And then decide what to do The interesting thing here I think with all of this is that There has been no real change in heart with the change in administration in terms of how army chorus responded thing that they will still continue to support their stance, which is sort of a status quo. Do nothing stands. But they have said that if something comes up in this more robust process there certainly willing to revisit. I sort of think of the Army Corps of Engineers as being that partisan. What is their position change depending on the administration? Yeah, you know, I would have thought of a lot of different agencies nonpartisan before the past few years. I feel like we've had a bit of a seismic shift on that If you think of what's happening with first these days as well. But Army Corps has been involved in this pipeline since before was built and just based on who was in office, pushing Button or directing Army Corps policy. We had a change at the snap of a finger between the Obama administration, the Trump administration in terms of what was being ordered done on the ground or his environmental reviews. And for Army Corps. They're really just procedural changes, not necessarily substantive decision making changes. But those can mean a lot of different things for these projects. Once those play out in the courts after the fact so I would never say the Army course partisan, But I think that they have the ability to look at something like an environmental of you and the information that comes in from a different angle If they're directed to thanks, Brandon That's Brandon Barnes of Bloomberg Intelligence Coming up next. Will Apple lose its epic trial? This is Bloomberg..
Gaming and BS RPG Podcast
"brandon barnes" Discussed on Gaming and BS RPG Podcast
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Gaming and BS RPG Podcast
"brandon barnes" Discussed on Gaming and BS RPG Podcast
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Morning Edition
Exxon, New York prosecutors face off in climate change fraud trial
"I'm David Brancaccio in New York and Exxon Mobil trials at the start of New York today has to do with climate change but maybe not in the way that you might think the state of New York argues Exxon defrauded its investors misleading them about the value of the stock by telling them one thing and perhaps doing another from the market places than ability desk Scott Tong has this preview the accusation is Exxon Mobil use two sets of books on climate change and its risk the plaintiff the Attorney General of New York argues that the company told investors that it's all a future with lots of carbon regulations and cost to the company David Shapiro at the John Jay college of criminal justice says that sent a certain message to Exxon stockholders they would say Hey Exxon is accounting for what we anticipate is going to be a dramatic change in how governments approach climate risk in other words Exxon was clear eyed about taxes and regulations on fossil fuel use but in private the plaintiff says the company's actions were altogether different the internal reports effectively is safe well we don't anticipate much in the way of additional costs based on a climate risk regulation the problem with that as the argument goes is Exxon Mobil made oil and gas decisions that were too risky and hid it from investors but Exxon Mobil calls that a baseless theory and then it used to different cost assumptions because they're apples and oranges it makes sense to marched ocal CEO of Adam's funds which holds Exxon stock one you've got actual hard cost you can actually consider the second is a bunch of assumptions you have to make on demand many years down the road I'm not sure that's fraud he says analysts who follow Exxon aren't even talking about this case and if the company were to lose the amount would be negligible but litigation analyst Brandon Barnes of Bloomberg intelligence the state attorneys general and others bringing energy and climate lawsuits see today's case much differently I think it's part of a much broader effort to figure out a way to address climate change when there's a perception that the federal government is moving fast enough the Exxon Mobil trial could provide drama in the form of emails a pretrial investigation found that rex teller sin who was CEO for the period in this case used to email addresses at work one under his name one under an alias the company says the second email was created for quote secure communications I'm Scott Tong for