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Finance & Markets

Westinghouse pursues $50 billion-plus valuation in US IPO

Westinghouse Electric is seeking a valuation above $50 billion for a planned US initial public offering, people familiar with the preparations said, as the nuclear technology group moves towards a…

  • Westinghouse targets over $50 billion valuation for US IPO
  • Cameco owns 49% stake, supports flotation if conditions met
  • Brookfield Renewable Partners and institutional partners hold 51%

AI

Anthropic opens AI-powered biology research lab

Anthropic PBC has opened a wet lab, a facility dedicated to biology research, in the San Francisco Bay Area. Reuters reported today that the company will use robots to automate certain scientific tasks at the hub. The robots will be powered by Anthropic’s Claude series of large language models.

Science

El Niño May Bring More Water to California Than Reservoirs Can Hold

Some reservoirs in parts of the state expected to experience strong El Niño impacts this year are already close to capacity.

  • El Niño expected to bring above-average precipitation to Southern California this winter.
  • Major reservoirs like Castaic Lake at 95% capacity, 115% above average levels.
  • Reservoir managers must lower water levels to accommodate incoming rain.
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