Elon's Greatest Invention... Hidden in South Memphis?

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

In East Palestine derailment trial, railroad and chemical maker agree on who pays residents

JOSH FUNK
April 17, 2025

Norfolk Southern reached an agreement with one of two companies about how much each side will help pay for a $600 million class-action settlement, which the railroad agreed to after the disastrous 2023 Ohio train derailment and toxic chemicals that were released and burned.

This lawsuit doesn't change anything about how much money people will receive from the settlement or any payments to the village of East Palestine or anyone else -- those are all established in various settlement agreements. This case only affects which companies have to write the checks to pay for the class-action settlement, which is separate from the cost of the massive environmental cleanup.

The railroad and OxyVinyls, the chemical company that made the vinyl chloride that was released and burned after the derailment, announced the settlement Thursday in the midst of the ongoing trial over who should pay people affected by the derailment in East Palestine, Ohio.

The two companies didn't disclose any details of the agreement in their brief statement.

The third company involved in the lawsuit, GATX, which owned the railcar that caused the derailment, declined to comment on the settlement. The case is expected to go to the jury next week in a trial that began late last month.

Residents are still waiting to receive most of the money from the settlement because of pending appeals, although some payments have started to go out.

After the train derailed in East Palestine, an assortment of chemicals spilled and caught fire. Then three days later, officials blew open five tank cars filled with vinyl chloride because they feared those cars might explode, generating a massive black plume of smoke that spread over the area and forced evacuations.

The potential health consequences from the derailment remain a concern for many residents.

The National Transportation Safety Board confirmed in its investigation that the vent-and-burn operation was unnecessary because the tank cars were starting to cool off and the railroad failed to listen to the advice from OxyVinyls' experts or share their opinions with the officials who made the decision.

But during the trial, Norfolk Southern raised questions about conflicting information that OxyVinyls' representatives on scene and at headquarters provided as officials were deciding whether to release and burn the vinyl chloride.

Norfolk Southern has said all along that it believes OxyVinyls should help pay because the railroad says the chemical manufacturer provided inconsistent and inaccurate information about its vinyl chloride before officials decided to burn it.

Last year, Norfolk Southern lost a similar lawsuit when it tried to force GATX and OxyVinyls to help pay for the environmental cleanup after the derailment, which has cost the Atlanta-based railroad more than $1 billion. It made similar arguments in this trial to get help paying for the class-action settlement.

Continue Reading...

Popular

World Bank says Saudi Arabia and Qatar have paid off Syria's outstanding debt

DAMASCUS, Syria (AP) — The said Friday that the $15.5 million Syria owed it has been paid off by Saudi Arabia and Qatar, clearing Damascus to take out new loans.

Fortnite says its now offline on Apple's iOS around the world

NEW YORK (AP) — Fortnite says it's now unavailable on Apple's iOS globally because the tech giant blocked a bid to release the popular video game for iPhone users in the U.S. and Europe.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

Report: Trump had more exchanges with reporters in first 100 days than 6 predecessors

NEW YORK (AP) — President had more frequent exchanges with reporters during his first 100 days in office than any of his six predecessors, a study has found.

Did Tariffs Just Pop The AI Bubble? - Ad

Trump's new tariffs could trigger a bloodbath for AI stocks-especially with Taiwan in the crosshairs. But while some companies will crash, others stand to soar. These tariffs are a curse for some investors... and a massive opportunity for others.

Automaker owned by Taiwan's Foxconn to make EVs for Japan's Mitsubishi Motors

Foxtron, an automaker partly owned by Taiwan iPhone manufacturer Hon Hai Technology Group, and Mitsubishi Motors of Japan said Wednesday they have agreed to develop an electric vehicle to be sold in Australia and New Zealand.

China's export orders dip in April as Trump's tariffs begin to bite

Higher tariffs on U.S. imports of products from China appear to be taking a toll on the world's second-largest economy, according to monthly surveys of Chinese factory managers released Wednesday.

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

Trump's Memecoin Dinner Event Sparks Impeachment Call From Democratic Senator, Says POTUS Is Selling Access To Those Who Enrich Him

Sen. Jon Ossoff (D-Ga.) called for President Donald Trump’s impeachment on Friday for rewarding investors in his Official Trump (CRYPTO: TRUMP) meme coin with a gala dinner.

What Nvidia's $500B Move Could Mean for the Next Tier of Builders - Ad

With big tech locking in supply, smaller players are left waiting. But one public company is building an edge: partnering inside NVIDIA's ecosystem and delivering real compute to real customers.

Immigrants working legally in the Texas Panhandle live in limbo under Trump's crackdown

PANHANDLE, Texas (AP) — The truck driver is cutting his lawn on a windy afternoon, in a town so quiet you can take afternoon walks down the middle of Main Street.

Energy Star, efficiency program that has steered consumer choice, targeted in cuts

An Environmental Protection Agency plan to eliminate its Energy Star offices would end a decades-old program that gave consumers a choice to buy environmentally friendly refrigerators, dishwashers and other electronics and save money on electric bills, consumer and environmental groups said.

He Called Bitcoin to $100k... Now He Says This Coin Is Next - Ad

Juan Villaverde may be America's top crypto expert. According to Juan's timing model, we are entering what could be the biggest bull market in crypto's history. With America's first crypto president in office, it could be the biggest gains the market has ever seen. And one special coin could skyrocket.

What's Going On With VeriSign Shares Friday?

VeriSign reported better-than-expected first-quarter earnings on Thursday after the market closed.

Scaramucci Calls Sam Bankman-Fried Revelation Worst Day of His Career: 'I Trusted the Guy, I Liked Him'

Anthony Scaramucci, who is known for his short stint as the White House communications director under Donald Trump, has opened up about his professional setbacks, including a significant loss due to a fraudulent act by Sam Bankman-Fried.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Alexandria Ocasio-Cortez Asks,'How Much Did Majorie Taylor Greene Make When She Bought The Dip?'

"Just how much did Marjorie Taylor Greene make when she bought the dip?" Alexandria Ocasio-Cortez asks in the caption of a YouTube video calling for a ban on Congressional trading.

GM Q1 Earnings On Tap: 2025 Could Be The Year 'Margins Surprise'

GM to report Q1 earnings on Tuesday, with EPS of $2.73 and revenues of $43.15 billion expected. Stock has gained 2.65% in past year, but down 8% YTD.

Nvidia Just Committed $500B to AI Infrastructure - Here's the Quiet Ripple Effect - Ad

The AI race isn't just about apps anymore - it's about infrastructure. NVIDIA's $500 billion announcement is a wake-up call: the real opportunity may lie in powering the future, not just coding it. One public company is already stepping in and has support from NVIDIA's inner circle.

How bugs and beet juice could play roles in the race to replace artificial dyes in food

ST. LOUIS (AP) — As pressure grows to get out of the U.S. food supply, the shift may well start at Abby Tampow’s laboratory desk.

Is Norfolk Southern 'making it right' after Ohio derailment? New lawsuit adds to doubts

Norfolk Southern began making promises to East Palestine, Ohio, soon after its train in February 2023, saying it would after five tank cars of vinyl chloride were intentionally burned, sending up a huge black plume of smoke that spread more toxic chemicals over homes, schools and farms.

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

US Dollar Dominance, Trump's Trade War, And The Threat Of Recession: This Week In Economy

Markets experience rollercoaster due to shifts and potential shocks. US has advantage in navigating changes, while Trump's tariffs and approval rating cause uncertainty. Economists warn of recession and potential $30 trillion blow from tariffs.

A Historic Gold Announcement Is About to Rock Wall Street - Ad

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

Jeff Bezos Wants To Send You To Space After Katy Perry: Here's How Much A Reservation With Blue Origin Costs

Blue Origin is taking reservations for its next trips to space after sending pop star Katy Perry there. Here's how much a reservation costs.

Tariff turmoil prompts cloudy forecasts from General Motors, Harley-Davidson for the year ahead

NEW YORK (AP) — Uncertainty continues to hang over the latest round of financial results and forecasts for companies both big and small as they try to navigate .

This Coin Could Surge Like Bitcoin Did Back in 2013... - Ad

A new coin is emerging in the crypto world. And investing in it now could end up like Bitcoin or Ethereum during their first bull runs.

Elon Musk Isn't 'Completely Out' Of DOGE — He's Just In 'Maintenance Mode,' Says David Sacks: 'If He Doesn't, There's Gonna Be A Huge Backsliding'

President Donald Trump's AI and Crypto Czar, David Sacks, on The All-In Podcast, shared his perspective on Elon Musk's recent decision to reduce his time commitment to the Department of Government Efficiency (DOGE).

Asian shares are mostly higher after Wall St breaks its winning streak

Shares were mostly higher early Tuesday in Asia after benchmarks fell on Wall Street, snapping a nine-day winning streak.

You Can Take a Stake in Elon's xAI Before June 1st... - Ad

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

Dogecoin Sees Spike In Bullish Long Bets Despite A 7% Weekly Drop: What's Next?

Dogecoin (CRYPTO: DOGE) may be in a corrective phase, but that hasn't deterred derivatives traders from amping up bullish bets on the meme coin.

Play your cardinals right: Betting on next pope gains popularity ahead of the conclave

ROME (AP) — Next week’s to to as leader of the world’s 1.4 billion Catholics is a solemn affair steeped in .

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

Citadel Kingpin Ken Griffin Warns Being 'Smartest In The Room' Means You've 'Screwed Up' Your MBA

Ken Griffin, founder of Citadel LLC, advises surrounding oneself with smarter minds for career growth. He also warns against being the smartest person in the room.

Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse - Ad

One blockchain token sits at the heart of Washington's pro-crypto agenda. Institutions are loading up while it still trades at a discount. Here's how to get in for $3.

The EPA is allowing the sale of cheaper, higher-ethanol E15 gasoline across the US this summer

TOPEKA, Kan. (AP) — Consumers across the U.S. still will be able to buy this summer, the Environmental Protection Agency announced Monday, saving them a little money at the pump but risking potential damage to the air and water.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service