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Is Russia halting uranium exports to the US?

Russian state atomic energy corporation Rosatom is denying rumors that it has halted the export of uranium to the US, labeling such information as entirely untrue.

This response followed initial reports from the corporation’s publication on its Telegram channel, stating that the export of nuclear fuel from the ports of St. Petersburg to America had been stopped due to a lack of insurance coverage.

However, this post was swiftly deleted, and clarifications were issued by Rosatom, emphasizing their commitment to completing “accepted obligations under concluded contracts to foreign customers in full.”

You can read more on the matter here.

What’s going on?

• Rosatom Refutes Claims of Halting Uranium Exports to the US (theDeepDive)

• North Korea Sends Back US Soldier Who Willfully Crossed DMZ (theDeepDive)

• US imposes fresh round of sanctions over instability in Sudan (Reuters)

• Conservatives Squash Liberals’ Attempt to Erase Record of Honoring Nazi (theDeepDive)

• UAW Targets 30% Wage Bump to Satisfy Workers, Grow Members (Bloomberg)

• Justin Trudeau Apologizes for Honouring SS Nazi, Continues to Blame Incident on Former Speaker (theDeepDive)

• Alleged Price-Fixing In Toronto Real Estate Targeted By Class Action Lawsuit (theDeepDive)

• Republicans open first hearing in Biden impeachment inquiry (Reuters)

• Room-Temperature Superconductor Discovery Under Scrutiny As Authors Seek Journal Retraction (theDeepDive)

What’s the latest?

• Job Vacancies Drop: The latest data from Statistics Canada shows a decrease in job vacancies in July, with a 5.8% drop, marking the lowest level since May 2021. There were 701,300 job vacancies in the month, down by 43,100. This decline continues the trend seen since June of the previous year.

• Greenbelt Compensation: Ontario's housing minister has stated that the province will not compensate developers whose lands are returning to the protected Greenbelt. This decision is part of draft legislation that will "codify" the Greenbelt's boundaries and is set to be tabled soon.

• US Pending Home Sales: Pending home sales in the United States fell more than expected in August, dropping by the most in nearly a year. The National Association of Realtors' Pending Home Sales Index declined by 7.1% to 71.8, marking the largest decrease since September 2022. This decline is primarily attributed to rising mortgage rates, which are eroding affordability for homebuyers.

• SBF’s Potential Jail Term: Sam Bankman-Fried may face a "very long sentence" if convicted at his upcoming fraud trial, according to U.S. District Judge Lewis Kaplan. Bankman-Fried is facing seven counts of fraud and conspiracy related to FTX's collapse in November 2022. While he could potentially face a maximum of 110 years in prison, the actual sentence would be determined by the judge based on various factors.

• Geopolitics: The conflict between Azerbaijan and the self-proclaimed enclave of Nagorno-Karabakh has seen renewed violence, leading to the dissolution of the self-declared Republic of Artsakh. For Azerbaijan, it marks a restoration of sovereignty over a region that it considers part of its territory but that has been under de facto Armenian control since the 1990s.

ARM Holdings IPO

The stock market and stuff

• GameStop Appoints Ryan Cohen As CEO (theDeepDive)

• OpenAI Nears Record Valuation of Up to $90 Billion with Possible Share Sale (theDeepDive)

• Foreign Investors Dump $6.1 Billion of Japan Stocks, Most Since SVB Collapse (Bloomberg)

• FTC and 17 States Sue Amazon, Alleging Monopoly Practices That Inflate Prices (theDeepDive)

In the juniors

• Canada Nickel Reports Success In Carbon Storage Pilot Project, Expects $25 Per Tonne Of Co2 Stored (theDeepDive)

• Green Thumb CEO Ben Kovler Loses $52.5 Million Worth Of Shares As Part Of Divorce Settlement (theDeepDive)

• Allegations of Bribery and Corruption Plague Arizona’s Cannabis Industry (theDeepDive)

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