Fed Unveils Stablecoin Rules Under GENIUS Act 
CNN, MS NOW and Politico Sue Trump Over White House Media Ban 
Drug pollution in water is making salmon take more risks – new research 
Select Water Solutions Shares Surge on $700 Million Pilot Water Deal 
U.S. 10-Year Treasury Yield Hits 2007 High as Fed Rate Hike Bets Rise 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Akamai Shares Surge on $11.6B Anthropic AI Cloud Deal 
Goldman Sachs Names Simon Lyons UK Investment Banking Co-Head 
Apple Extends Qualcomm Patent Licensing Deal 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
China Reviews Broadcom Switch Use in State Data Centres 
OpenAI Agent Breaches Australia Medicare Data Portal 
Tencent Launches TenPayGo Payment App for Foreign Tourists in China 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Add as a preferred source on Google
LG Chem Ltd. will spend at least $3 billion to build its first US cathode plant in Tennessee in response to the growing demand for electric vehicle (EV) components.
The cathode manufacturing facility will be capable of producing 120,000 tons a year by 2027, which would be enough to power 1.2 million pure EVs with a range of 500 kilometers per charge.
The construction will start in the first quarter of next year on a property stretching 1.7 million square meters. The plant will go into operation at the end of 2025.
According to LG Chem CEO Shin Hak-cheol, the cathode manufacturing facility brings them one step closer to becoming the world’s best battery materials manufacturer and fulfilling their corporate vision to become a top global science company.
The Inflation Reduction Act will require EV batteries to be made with higher portions of minerals processed or mined in the US, or countries with free trade pacts with the US.
LG Chem said it aims to boost its sales in the battery materials segment by fourfold to 20 trillion won by 2027 from 5 trillion won in 2022.
