Nuclear Startup Radiant Raises $165 Million for Micro-Reactor

Radiant Industries Inc., a US nuclear startup, lined up $165 million in funding to complete its small reactor design.
The Series C funding round was led by DCVC Management Co., and also included Giant Ventures Global and StepStone Group Inc., according to a statement. The El Segundo, California-based company said it now has raised $225 million to develop its 1-megawatt system.

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Yahoo

29 minutes ago

• Yahoo

Oklahoma City (OK) Mayor David Holt Elected New President of the U.S. Conference of Mayors, Policy Agenda Adopted for the Year Ahead, as Annual Meeting Concludes

San Diego (CA) Mayor Todd Gloria and Lincoln (NE) Mayor Leirion Gaylor Baird Elected First and Second Vice Presidents TAMPA, Fla., June 22, 2025 /PRNewswire/ -- Today, the U.S. Conference of Mayors (USCM) voted to elect a new leadership team and approved a slate of policy resolutions that will serve as the official platform of the organization and guide its advocacy agenda for the year ahead. The business meeting marked the close of USCM's 93rd Annual Meeting, which convened more than 170 mayors from across the country in Tampa, Florida. Oklahoma City (OK) Mayor David Holt was elected by his fellow mayors to serve as the next President of the U.S. Conference of Mayors. He will serve a one-year term. "There is no more important place in human existence than the city, and there is no higher office than the Mayor," said President Holt. "The Conference of Mayors sits at the epicenter of America's future. If that future is to be as bright or brighter than the past, it will be because of the work that happens right here." "This Conference is fortunate to lean on the leadership of Mayor Holt in this time of opportunity and need for America's cities," said Tom Cochran, USCM CEO and Executive Director. "He champions the value of local leadership, and he embraces the power this Conference has to unite so many voices to improve the lives of the people of America's cities. I know his colleagues are grateful to have him steering the ship." In addition to elevating Mayor Holt to USCM president, mayors elected San Diego (CA) Mayor Todd Gloria as First Vice President and Lincoln (NE) Mayor Leirion Gaylor Baird as Second Vice President. The Conference also named new Trustees and Advisory Board Members. New USCM Trustees are as follows: Scranton (PA) Mayor Paige Cognetti Albuquerque (NM) Mayor Tim Keller Columbia (SC) Mayor Daniel Rickenmann These mayors, in addition to the current elected top leaders and past presidents, make up the USCM Executive Committee. New USCM Advisory Board Members are as follows: Redmond (WA) Mayor Angela Birney Carmel (IN) Mayor Sue Finkam Chicago (IL) Mayor Brandon Johnson Tucson (AZ) Mayor Regina Romero Mount Vernon (NY) Mayor Shawyn Patterson-Howard A major component of today's meeting was also the consideration and adoption of policy resolutions. Throughout the Annual Meeting, the standing committees of the Conference met to propose and advance resolutions on a wide range of priorities for American mayors. Of particular emphasis today, the full Conference adopted a policy that calls for recalibrating federal immigration enforcement, protecting local control in public safety and with federal resources, preserving economic growth, and continuing to improve cities' affordability and quality of life. Other policies were adopted on issues including energy, housing, the environment, transportation, and the economy. The resolutions adopted today now make up the official policy of the U.S. Conference of Mayors and can be found here. Next year's Annual Meeting will be in Long Beach, California. About the United States Conference of Mayors – The U.S. Conference of Mayors is the official nonpartisan organization of cities with populations of 30,000 or more. There are more than 1,400 such cities in the country today, and each city is represented in the Conference by its chief elected official, the mayor. Follow our work on X, Facebook, Instagram, LinkedIn, Threads, and Medium. View original content to download multimedia: SOURCE U.S. Conference of Mayors Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Forbes

31 minutes ago

• Forbes

Wall Street Is Steadily Investing In Energy As An Inflation Hedge

CULVER CITY, CA (Photo by) At the end of last week, fund managers had built up the largest net long position in crude oil futures in nine months, according to data from the Commodity Futures Trading Commission. It is serving as a necessary inflation hedge given a growing conflict in the Middle East, and declining drilling at home. The biggest risk to equity returns remains inflation and funds need to protect themselves. Inflation also risks prolonging the current period of high rates, which is already taking its toll on several asset classes, including housing. Oil and energy equities broadly are increasingly appealing as a result of these dynamics. Funds flow into energy is expected to continue and the recent involvement of the U.S. in Iran will only accelerate this move. In the latest Bank of America fund manager survey, energy and materials still remained unloved, with managers net underweight. This is even after the recent increase, as allocations were near record lows just earlier this year. Yield and an inverse correlation to bonds has been another benefit of the trade. The yield on XLE, the energy sector ETF, is also almost three times that of the broader market, providing income that closer tracks inflation. It has also been performing as a hedge when bonds, the historical hedge in the 60/40 portfolio, have been failing. Periods of increased inflation expectations, as seen with the initial tariff announcements, now see both bonds and equities dropping in parallel. This is because inflation would force rates to remain high right as the U.S. refinances a sizable chunk of government debt this summer. The already large deficit means that higher rates become a self-fulfilling problem as more and more of future bond raises goes towards paying interest, which investors demand a higher rate for, creating a growing deficit spiral in an inflationary environment. The above strategy has played out in actual returns. US equities are up only slightly this year, a little over 1%, while emerging markets and commodities have outperformed, with gold up over 25%, oil up over 5%, silver up over 20%, emerging markets up over 10%, and bonds returning a little less than 1%. Several other dynamics make continued energy outperformance, and increased fund exposure likely, and these are outside of the increasing conflict in the middle east. The first is that escalating equipment costs, due to a combination of climbing labour costs and changing supply chains, benefits incumbent energy names. The second is that power demand shows no signs of slowing down with natural gas being the winner in AI data centers that require both scale and reliability. This is also during a period that the US wants to continue to grow natural gas exports, creating multiple demand levers at a time when storage availability remains flat. That creates an asymmetry where prices can spike to the upside. The third is that oil rigs have dropped by 9% in the U.S. as producers pulled back capital amidst economic uncertainty. This reduces the chance that supply will overwhelm demand and helps alleviate some of the downside risks to the trade. While energy investing always has a risk, an allocation as a hedge, especially given the broader macro tailwinds, is increasingly appealing for funds. This continues to show up in recent funds flow and is expected to only increase this coming week with both energy equities and oil prices likely to spike on the news of U.S. strikes.

CNN

34 minutes ago

• CNN

‘Damages beyond repair': Colonel shows before and after photos of Iran's nuclear site

US airstrikes on Iran's Fordow nuclear facility have left at least six large craters, indicating the use of bunker-busting bombs, a CNN analysis of satellite imagery found. CNN military analyst Col. Cedric Leighton (Ret.) analyzes the satellite images that show the damage before and after US strikes.