Thames’ bonds tumbled on June 28, just one day after CEO Sarah Bentley suddenly stepped down from her position amid concerns over the firm's financial stability.
Under the proposed law, all U.S. distribution transformers would be required to shift from industry-standard grain-oriented electrical steel cores to amorphous steel cores.
Government-backed Japan Investment Corp. plans to offer shareholders ¥4,350 ($30.40) a share in a tender offer around December 2023, the company said in a June 26 statement.
The money will be awarded via the Advanced Technology Vehicles Manufacturing Loan Program to BlueOval SK, a new joint business venture established by Ford and SK On.
The Inflation Reduction Act has been a "huge challenge,” according to U.K. Business Minister Nusrat Ghani who said that the lure of the U.S. "distorts the market.”
“It’s clear that we’re not far or fast enough down the path to eliminate Russian gas,” said Energy Minister Leonore Gewessler during a June 26 press briefing.
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