Oklo, NuScale surge as Google backs nuclear for AI
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 15 October 2024
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Tuesday, October 15th. I'm Julie Morgan. Google goes nuclear. The deal between |
| 0:16.2 | Frontier and Verizon may have hit a speed bump and the Labor Secretary is getting in |
| 0:21.3 | on the negotiations between Boeing and the Union. |
| 0:25.0 | Advanced Nuclear Technology Companies OCLO and Newscale Power closed Monday 9.7 and 6% higher respectively after Google said it signed the |
| 0:36.5 | world's first corporate agreement to buy power from multiple small modular |
| 0:40.9 | reactors to meet electricity demand for artificial intelligence. |
| 0:45.6 | Google said it will purchase power generated by seven reactors to be built by nuclear |
| 0:50.9 | energy startup Cairo's power targeting the addition of 500 megawatts of nuclear |
| 0:56.4 | power starting at the end of the decade. Financial terms were not disclosed. |
| 1:02.1 | Kairos will need to obtain full construction and design permitting from the U.S. Nuclear Regulatory |
| 1:08.8 | Commission, as well as permits from local agencies, a process that can take years. |
| 1:14.4 | The company has secured a construction permit from the NRC |
| 1:18.2 | to build a demonstration reactor in Tennessee. |
| 1:21.4 | The second largest shareholder of Frontier Community actor in Tennessee. |
| 1:22.6 | The second largest shareholder of Frontier Communications plans to vote against its |
| 1:27.3 | planned almost $10 billion sale to Verizon. |
| 1:31.2 | Glendon Capital Management, which owns an almost 10% stake in Frontier, plans to oppose |
| 1:36.9 | the sale as it believes Verizon's $38.50 a share offer for Frontier is too low. This is according to a Reuters report |
| 1:46.1 | on Monday citing people familiar with the matter. Verizon and Frontier did not immediately |
| 1:51.5 | respond to Reuters requests for comment. |
| 1:55.0 | Acting Labor Secretary Julie Sue traveled to Seattle to meet with Boeing and the union representing about 33,000 striking workers. |
... |
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