3.8 • 950 Ratings
🗓️ 17 June 2025
⏱️ 5 minutes
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0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
0:08.0 | Thanks for joining us on this Tuesday, June 17th. I'm Julie Morgan. |
0:13.5 | Green Energy takes a hit, AI suits up, and Amazon extends the deal days. |
0:20.5 | Solar company shares are in the red pre-market after Republicans who control the U.S. Senate |
0:25.5 | Finance Committee unveiled changes to President Trump's tax and spending bill that would |
0:31.0 | fully phase out solar and wind energy tax credits by 2028. |
0:36.2 | Among relevant stock, Sun Run is down 26.8%. Solar Edge Technologies is down 21.8%. |
0:45.0 | And end-phase energy is down 16.7%. First solar, which analysts have said would come out of the tax |
0:52.9 | law changes better than its peers, |
0:55.0 | is down 9.4% pre-market. |
0:58.4 | The modified text of the bill extends tax credits for hydro, nuclear, and geothermal power to 2036. |
1:06.5 | The Senate language gives more time for clean energy projects to use the tax credits than the House version, which required that a project must start construction within 60 days of the bill's enactment and be placed into service by year-end 2028 to qualify for the tax credits. |
1:24.6 | The Defense Department has awarded a one-year $200 million contract to Open AI for the use of |
1:31.1 | its AI models. The Department announced a one-year contract on Monday after OpenAI said it would |
1:37.5 | collaborate with a Defense technology startup to deploy advanced AI systems for national security missions. |
1:45.3 | The Defense Department said under this award, the performer will develop prototype |
1:49.7 | frontier AI capabilities to address critical national security challenges in both warfighting |
1:55.9 | and enterprise domains. |
1:58.1 | In a blog post, OpenAI said the contract represents the first arrangement in a new |
2:03.2 | initiative named OpenAI for government, which includes the existing chat GPT government product. |
2:11.0 | And just in case you needed an excuse to spend more money on Amazon, your wish is their command. |
2:17.8 | Amazon is extending its annual Prime Day shopping event to four full days this year, |
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