Micron delivers record fiscal Q1 revenue, driven by strong AI demand Data center revenue grew over 40% sequentially and over 400% year over year BOISE, Idaho, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its first quarter of fiscal 2025, which ended November 28, 2024. Fiscal Q1 2025 highlights Investments in capital expenditures, net (2) were $3.13 billion for the first quarter of 2025, which resulted in adjusted free cash flows (2) of $112 million for the first quarter of 2025. Micron ended the quarter with cash, marketable investments, and restricted cash of $8.75 billion. On December 18, 2024, Micron's Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on January 15, 2025, to shareholders of record as of the close of business on December 30, 2024. Business Outlook The following table presents Micron's guidance for the second quarter of 2025: Further information regarding Micron's business outlook is included in the prepared remarks and slides, which have been posted at investors.micron.com . Investor Webcast Micron will host a conference call on Wednesday, December 18, 2024 at 2:30 p.m. Mountain Time to discuss its first quarter financial results and provide forward-looking guidance for its second quarter. A live webcast of the call will be available online at investors.micron.com . A webcast replay will be available for one year after the call. For Investor Relations and other company updates, follow us on X @MicronTech. About Micron Technology, Inc. We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all . With a relentless focus on our customers, technology leadership, manufacturing, and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities - from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com . © 2024 Micron Technology, Inc. All rights reserved. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners. Forward-Looking Statements This press release contains forward-looking statements regarding our industry, our strategic focus, demand for our products, and our financial and operating results, including our guidance for the second quarter of 2025. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents we file with the Securities and Exchange Commission, including our most recent Form 10-K and our upcoming Form 10-Q. These documents contain and identify important factors that could cause our actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at investors.micron.com/risk-factor . Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. We are under no duty to update any of the forward-looking statements to conform these statements to actual results. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share amounts) (Unaudited) 2024 2024 2023 CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) 2024 2024WASHINGTON (AP) — Federal prosecutors moved Monday to dismiss the criminal charges against President-elect Donald Trump that accused him of plotting to overturn the 2020 election and to abandon the classified documents case against him, citing longstanding Justice Department policy that says sitting presidents cannot face criminal prosecution. The decision by special counsel Jack Smith, who had fiercely sought to hold Trump criminally accountable for his efforts to subvert the 2020 election, represented the end of the federal effort against the former president following his election victory this month despite the election-related cases and multiple other unrelated criminal charges against him and is headed back to the White House. The decision, revealed in court filings, also amounts to a predictable but nonetheless stunning conclusion to criminal cases that had been seen as the most perilous of the multiple legal threats Trump has faced. It reflects the practical consequences of Trump’s victory, ensuring he enters office free from scrutiny over his hoarding of top secret documents and his efforts to overturn the 2020 presidential election he lost to Democrat Joe Biden. Smith’s team emphasized that the move to abandon the prosecutions, in federal courts in Washington and Florida, was not a reflection of their view on the merits of the cases but rather a reflection of their commitment to longstanding department policy. “That prohibition is categorical and does not turn on the gravity of the crimes charged, the strength of the Government’s proof, or the merits of the prosecution, which the Government stands fully behind,” the prosecutors wrote in Monday’s court filing in the election interference case. The decision was expected after Smith's team began assessing how to wind down both the 2020 election interference case and the separate classified documents case in the wake of Trump's victory over Vice President Kamala Harris. The Justice Department believes Trump can no longer be tried in accordance with longstanding policy that says sitting presidents cannot be prosecuted. Trump has cast both cases as politically motivated, and had vowed to fire Smith as soon as he takes office in January. The 2020 election case brought last year was once seen as one of the most serious legal threats facing the Republican as he vied to reclaim the White House. But it quickly stalled amid legal fighting over Trump’s sweeping claims of immunity from prosecution for acts he took while in the White House. The U.S. Supreme Court in July ruled for the first time that former presidents have broad immunity from prosecution, and sent the case back to U.S. District Judge Tanya Chutkan to determine which allegations in the indictment, if any, could proceed to trial. The case was just beginning to pick up steam again in the trial court in the weeks leading up to this year’s election. Smith’s team in October filed a lengthy brief laying out new evidence they planned to use against him at trial, accusing him of using “resorting to crimes” in an increasingly desperate effort to overturn the will of voters after he lost to Biden. ___ Associated Press writer Colleen Long contributed to this story. Alanna Durkin Richer And Eric Tucker, The Associated PressNo. 14 ASU, No. 17 Iowa State front-runners for possibly wild Big 12 finishDonald Trump's opponents were reprimanded Monday for meeting his election victory with a seemingly quiet resignation. Washington Post columnist Shadi Hamid wrote the anti-Trump "resistance" needs to awaken — and not roll over and accept what's coming. "If this is what the fight against fascism looks like, it’s not much of a fight," he lamented on Monday morning. "It sounds more like a dishonorable surrender. The shift away from 'existential' rhetoric is welcome: The challenge of democracy, as I have written , is one of coming to terms with frightening electoral outcomes." Also Read: There is no 'waiting it out' Hamid questioned the "sudden softening" of many Democrats who have gone quiet over the threat that Trump poses to American democracy, He shamed the hyperbole Democrats used during the 2024 election cycle that now "appear[s] strangely subdued." "Emotions of despair are different from those of hope," continued Hamid. "Hope spurs action. Despair more often leads to retreat. In this vein, a growing number of former activists are proposing rest and self-care as better, saner propositions than political action." He cited activist David Hogg, one of the Parkland school shooting survivors, who wrote: “We’ve marched so much. We’re tired of doing the same thing over and over.” There's a fear that protests won't work, continues Hamid, and the power of the people isn't "powerful" anymore. For those exhausted over years of fighting back against the Tea Party and then MAGA, it makes sense to take some personal mental health time, he said. "Despite how it might feel in this moment, there is no shame in defeat , and there should be no embarrassment in pulling back, even if temporarily. Life is too short, but it is also long," he says. But he added it's important for Trump's victory to prompt reflection on 2024 mistakes and build better strategies for the future, and he suggested that it's time for activists to get up off the mat and begin a better persuasion campaign, even if it will be a slog. "That’s the more difficult work, since there will be no immediate gratification to be found," Hamid wrote. Read the full column here.

United Rentals Inc. stock underperforms Friday when compared to competitors despite daily gainsArea officials react to layoffs at Semikron Danfoss in MarcyRadford wins 63-48 against Chicago State

North Korea, Russia defence treaty comes into forceLiverpool boss Arne Slot talks up ‘special player’ Mohamed SalahUS to require passenger vehicles to sound alarms if rear passengers don't fasten their seat belts

Football clubs ‘alarmed’ by lack of consultation on regulator – Karren Brady

NoneLiverpool boss Arne Slot talks up ‘special player’ Mohamed SalahAsia’s middle distillates market activity were slightly muted, with price fluctutations also minimal, though January refiner sales were ongoing. January discussions remained underway for some northeast Asia spot cargoes, with traders saying that buying interest remains mostly at discounted levels. More refiner spot sales could emerge in the next few trading sessions from northeast Asia, though trading activity is still likely to slow ahead of the holiday season. India refiners were the main sellers in action today, with both MRPL and Nayara Energy offering their January cargoes via sale tenders that close the next two days. Refining margins closed the trading session little changed at two-week high levels, slightly above $16 a barrel. Cash differentials dipped 11 cents from the previous session to 42 cents a barrel, a reflection of the narrower market backwardation and roll over in assessment months. Regrade for January widened back to a discount of 60 cents a barrel. – No deals for both markets – China’s refinery throughput in November recorded its first rise in eight months, official data showed on Monday, as Beijing’s stimulus underpinned manufacturing activities and oil demand. – China’s industrial output growth quickened slightly in November, while retail sales disappointed, keeping pressure on Beijing to ramp up stimulus for a fragile economy as it braces for more U.S. trade tariffs under a second Trump administration. – Fires that broke out in a number of reservoirs in Libya’s Zawiya refinery have been brought under control, Khaled Abulgasem Gulam, spokesperson for the country’s National Oil Corporation (NOC), said in a statement on Sunday. – Singapore’s ChemOne Group has delayed the start of its Pengerang Energy Complex (PEC) to the fourth quarter of 2028, with construction set to begin by mid-2025, it said on Monday, after securing more financing for the project. – China’s refined oil consumption peaked in 2023 at 399 million metric tons (7.98 million barrels per day) and is expected to fall 1.3% to 394 million tons in 2024, CNPC Economics & Technology Research Institute said on Friday. – Two Russian tankers that spilled oil into the Kerch Strait after sustaining serious damage during a heavy storm on Sunday were carrying 9,200 metric tons (62,000 barrels) of oil products at the time, the state TASS news agency reported. Source: Reuters (Reporting by Trixie Yap; Editing by Mohammed Safi Shamsi)

Jannik Sinner leads Italy back to the Davis Cup semifinals and a rematch against Australia

With more than half of the 16 teams still mathematically alive to make the conference championship game, the Big 12 will command a lot of attention in the final week of the regular season. No. 14 Arizona State and No. 17 Iowa State would play for the Big 12 title and likely College Football Playoff spot on Dec. 7 if they both win Saturday and there's a four-way tie for first place. There are seven other teams that begin this week with hopes, slim in most cases, of getting into the game at AT&T Stadium in Arlington, Texas. Last week it was No. 19 BYU and No. 23 Colorado that had the inside track to the championship game. Arizona State beat the Cougars and Kansas knocked off the Buffaloes, and here we are. "Everybody counted us out, I think, two weeks ago," Iowa State coach Matt Campbell said after his team beat Utah 31-28. "We didn't flinch. We didn't waver. And we just keep fighting." The Cyclones were national darlings the first half of the season as they won seven straight games to match the best start in program history. Back-to-back losses to Texas Tech and Kansas followed. Now they've won two straight heading into "Farmageddon," their rivalry game against Kansas State at home. "Right now they've got the pen and they continue to write the story," Campbell said of his players, "and I hope they will continue to write it the way they've got the ability to write it. Unwavering. Tough, mentally tough, physically tough. This group has stood for it every step of the way." Arizona State has been an even better story than the Cyclones. The Sun Devils have six more wins than they did last season, when they went 3-9. They were picked to finish last in their first year in the Big 12. They'll go for their fifth straight victory when they play at Arizona on Saturday. "These guys came off no momentum and everybody doubting them, and everybody is still doubting them. That's what makes this special," second-year coach Kenny Dillingham said. "Hopefully the expectations become higher. I don't know if there's a way we can exceed expectations more than we're exceeding them right now." Checking in on five of the Top 25: The Ducks were idle Saturday after clinching a spot in the Big Ten championship game with their win at Wisconsin on Nov. 16. Oregon can go 12-0 in the regular season for the first time since 2010 if it beats Washington at home this week. Oregon's only two losses last season came against the Huskies, both decided by three points. The first was a top-10 matchup in the regular season and the second was a top-five matchup in the Pac-12 championship game. The Ducks are 19 1/2-point favorites this time, according to BetMGM Sportsbook. The Buckeyes' showdown with upstart Indiana combined with Michigan's dropoff after winning the national championship have lowered the volume on this week's meeting with the Wolverines at the Horseshoe. If Michigan beats Ohio State a fourth straight time and it keeps the Buckeyes out of the Big Ten championship game and playoff ... well, there'll be lots of noise in Columbus then. The Lone Star Showdown returns to the gridiron for the first time since 2011, when Texas and Texas A&M were in the Big 12. The Longhorns head to No. 20 Texas A&M on a four-game win streak. The Aggies have lost two of three after Saturday's four-overtime loss at Auburn. The winner advances to the Southeastern Conference championship game against Georgia. The Broncos are tied with Notre Dame for the second-longest active win streak, at nine games, and they seem to have adopted a survive-and-advance mantra. They trailed 23-point underdog Wyoming in the fourth quarter before winning 17-13 and clinching a spot in the Mountain West championship game. They won their previous game, 42-21 against San Jose State, but didn't pull away until the fourth quarter. Two weeks ago they beat a three-win Nevada team 28-21. Just when you think Illinois is about to cash in for the season, they do what they did against Rutgers. The Illini were down 31-30 when they lined up for a 58-yard field goal with 14 seconds left. Ethan Moczulski missed. But wait. Rutgers called timeout before the snap, and Bret Bielema thought better of trying another kick and sent his offense back on the field. Luke Altmyer passed to Pat Bryant for the winning 40-yard touchdown. The Illini won't play for the Big Ten title, but they have a chance for nine wins and a nice bowl. Ohio State played in three of the five regular-season top-five matchups and won three of them. The Buckeyes lost to Oregon and beat Penn State and Indiana. ... Kansas' 37-21 win over Colorado made the Jayhawks the first FBS team with a losing record to beat three straight Top 25 opponents. The Jayhawks, who were 2-6 a month ago, will be bowl eligible if they win at Baylor. ... Nebraska ended the longest power conference bowl drought with its 44-25 win over Wisconsin. The Cornhuskers haven't played in a bowl since 2016. Get local news delivered to your inbox!Gophers football players are preparing to play Wisconsin for Paul Bunyan’s Axe on Friday, but three key pieces peered beyond the blinders to shore up their commitment to Minnesota on Monday. Quarterback Max Brosmer and offensive lineman Quinn Carroll — two sixth-year seniors — said they will play in the Gophers’ to-be-determined bowl game, bucking a growing trend of players skipping postseason games to prepare for shots in the NFL. Brosmer, a transfer from FCS-level New Hampshire, said he will “definitely” suit up. “It’s another opportunity for us to play as a team,” said Brosmer, who threw for 2,426 yards, 15 touchdowns and five interceptions in 11 games this season. “It’s a compilation of what you have worked on all season.” Carroll said he respects higher-level prospects who might opt out and protect their draft stock, but he wants to get back to a “standard” of players not skipping the games. “My goal ever since I came here was to be the leader, be the standard all the time, and I don’t want it to become a standard that we don’t play in the bowl game if we have NFL aspirations,” said Carroll, who has played three seasons at Minnesota after three years at Notre Dame. “Obviously it’s different for guys who are maybe touted a little bit higher or think it will be better off for them to start working on the next step, whether that is combine training or what have you. But that is one opportunity that I’m blessed with to play with the guys and I’m going to take full advantage of it.” Left tackle Aireontae Ersery is a prime candidate of a Gophers player who might want to safeguard a higher draft stock and limit injury exposure by sitting out the bowl game. The possible first- or second-round pick has not said what he might do. For example, former U center, John Michael Schmitz opted out of the Pinstripe Bowl in 2022; he was drafted in the second round by the New York Giants. Meanwhile, Gophers fifth-year defensive lineman Jalen Logan-Redding said he will return to Minnesota for 2025, instead of trying his luck in the NFL. “Coming back next year is definitely going to be the best for me and being able to maximize all my opportunities and exhaust eligibility,” Logan-Redding said. Logan-Redding said he talked with fellow D-lineman Deven Eastern, who has one more year remaining, about pairing up in 2025. “We talk a lot about it,” Logan-Redding said. “... We are excited for it, honestly. Not only continuing to build the D-line, but just continuing to build on the experience that we already have. We’ve seen the amount of destruction that we can create when we are focused. Me, Dev and, of course, (Anthony Smith). He would be pissed if I didn’t shout him out.” Smith, who has two more years of eligibility, has been one of the U’s best players in the last month. He has 23 total pressures and five sacks, including one sack in each of the last three weeks.

ALLEN PARK -- Detroit Lions wide receiver Jameson Williams will not face any gun charges after an internal affairs investigation by the Detroit Police Department and the Wayne County Prosecutor’s Office. “Because the case law is silent regarding the specific issue, and the legislative intent of the CPL statute does not support charges under these facts, no charges will issue in this matter, and the warrant is denied,” the prosecutor’s office said in an emailed statement. Williams was the passenger in a car that was pulled over by police after midnight on Oct. 8 during the team’s bye week. His brother was the driver of the vehicle and told police there were two guns inside the car. One of those guns was registered to Williams’ brother and in the back seat. The other was registered to the Lions wide receiver and was under the front passenger seat. At the time, Williams was told he was going to be taken into custody for not having a concealed-carry pistol license, unlike his brother and driver, who had the proper paperwork. Williams was handcuffed and put in the back of a patrol car when he told the officers multiple times he played for the Lions and had the gun for protection because he lives in Detroit. According to the initial WXYZ report, a Detroit police lieutenant decided Williams should be released from custody after others reported to the scene . No police report was filed, and internal affairs was investigating the matter, the response by the involved officers and why Williams wasn’t detained. “We have looked at this case thoroughly and objectively,” Kym Worthy, the county’s prosecutor, said in a statement. “We did not consider that Mr. Williams is a Detroit professional athlete in our decision-making. We have charged Detroit area athletes before and would not have hesitated to do so again if the facts of this case could be proven beyond a reasonable doubt. “When it comes to charging decisions, we do not take into consideration who the potential defendant is, how much power and influence they have, or how beloved they may be. We deal with the facts and the law only.” Worthy’s office said the vehicle driver was a CPL holder and that the receiver’s brother had “care, custody and control” of the car. The prosecutor urged the state legislature to investigate these laws further so prosecutors have more “steady and meaningful guidance” on related situations in the future. “Guidance is needed for the future on how many weapons can a valid CPL say that they have control over?” Worthy said. “Despite all of this, if Mr. Williams had the gun on his person, he would have been charged ... “We had a team of experienced lawyers look at this case - as we often do - especially when the law is unclear or unsettled. We all agreed that this decision is the right and just one. And I am personally certain that the right decision has been made with these specific and unique set of facts.” The Lions said Williams told them about the incident and remained honest with them from the get-go. Dan Campbell, the team’s head coach, said Williams was worth sticking with and that he feels this is another learning moment. Williams has been back in action for the last three games after serving a two-game suspension for violating the league’s performance-enhancing substances policy. “Look, for me, I judge people over what’s in their heart, and I know what this kid’s made of, and he’s worth hanging with,” Campbell said last month. “So, he’s going to learn from this, he’s going to grow, he’ll be better for all of this.”Revival of negotiationsNone