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Tag: Waste management

  • You can give old batteries a new life by safely recycling them

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    NEW YORK — When household batteries die, it’s hard to know what to do with them. So they get shoved into a junk drawer or sheepishly thrown into the trash.

    But dead batteries aren’t quite finished. They can leak heavy metals like cadmium and nickel into soil and water once they reach the landfill. Some of them can also overheat and cause fires in garbage trucks and recycling centers.

    The good news is, safely disposing of your batteries takes just a few steps. They’ll get shipped to recycling centers that break down their contents to make new things.

    Battery recycling processes could use some fine-tuning, but it’s still a simple and responsible way to get rid of them.

    Recycling old batteries “keeps you safe, keeps the waste industry safe, keeps the first responders safe and responsibly sees that battery reach a proper end of life,” said Michael Hoffman, president of the National Waste and Recycling Association.

    Batteries keep things running in our homes, powering everything from alarm clocks and TV remotes to gaming controllers. Millions are bought and used every year in the U.S., according to the Environmental Protection Agency.

    They leave their stamp on the environment at nearly every stage of their life span.

    Many of the materials used to make batteries — elements like lithium and nickel — are mined. Over half the world’s cobalt reserves are in Congo.

    Once mined, those materials are shipped around to be refined, fashioned into a battery and packaged for sale. All the ships, trucks and planes moving them add to batteries’ carbon footprint. Making the batteries can release carbon emissions and pollution into the air and atmosphere, too.

    Though household batteries are far smaller than the big ones that power EVs and electric bicycles, there are a lot more of them and it’s worth figuring out how to get rid of them.

    “One person’s single battery is not necessarily a lot,” said environmental scientist Jennifer Sun with Harvard University. “But everyone uses many batteries.”

    To begin, wrangle your old batteries and figure out what kind they are. Batteries “come in all shapes and sizes, but what’s inside differs,” said materials scientist Matthew Bergschneider of the University of Texas at Dallas.

    Alkaline and zinc-carbon batteries are generally single-use and come in AA, AAA and more. These can be safely thrown in the household trash in most places, but the EPA still recommends recycling them so that their materials can be made into something new.

    Lithium-ion batteries — commonly found in things like power tools and cordless vacuums — are a risk to cause fires and leak toxic gases in garbage trucks and landfills. A lot of rechargeable batteries are lithium-ion, but more single-use batteries are being made this way too.

    Be sure to look up battery disposal laws for your area: Places like New York, Vermont and Washington, D.C. have special rules about throwing away household or rechargeable batteries.

    Once you’ve corralled your batteries, tape their ends or put them in plastic bags to avoid the possibility of sparking. Then, take them to a drop-off location. How easy or hard this is depends on where you live.

    Many hardware and office supplies stores accept old batteries. Look into city and state drop-off programs or search by ZIP code using The Battery Network, a nonprofit geared toward safe battery recycling.

    Have a location in your home to collect the batteries over time and then “at some point, hopefully among all the other things that we all have in our lives, you can find a convenient drop-off location,” said Todd Ellis of The Battery Network.

    If your batteries look swollen, cracked or are leaking, don’t drop them off. You’ll need to get in touch with your local hazardous waste removal agency to figure out how to turn them in.

    Once batteries are dropped off at a collection site, they’re sorted by type and taken to a recycling facility where they’re broken down into their essential components — like cobalt, nickel or aluminum. Some bits can be used to make new batteries or other things. Nickel, for example, can be used to make stainless steel products and alkaline batteries can be turned into sunscreen.

    Safely recycling a battery doesn’t cancel out the environmental cost of making it. But it does give the battery’s components their best chance at becoming something new.

    “You continue to recycle and you don’t have to go back to the Earth to mine,” said public health expert Oladele Ogunseitan, who studies electronic waste at the University of California, Irvine.

    Good battery habits are also good for us. It protects against old or damaged batteries leaking toxic compounds into our cabinets and junk drawers.

    “I think it’s one of the simplest and most controllable actions that we can take to reduce our impact,” said Sun, the Harvard scientist.

    ___

    The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education and the Robert Wood Johnson Foundation. The AP is solely responsible for all content.

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  • Trump and Maryland Governor Wes Moore Battle Over Potomac River Sewage Spill Response

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    WEST PALM BEACH, Fla. (AP) — President Donald Trump on Monday lashed out at Maryland Gov. Wes Moore over what he says is a lagging response to a January pipe rupture that sent sewage flowing into the Potomac River northwest of Washington.

    Trump took aim at Moore even though a District of Columbia-based water authority and the federal government have jurisdiction over the busted pipe.

    The 1960s-era pipe, called the Potomac Interceptor, is part of DC Water, a utility based in Washington that’s federally regulated and under the oversight of the U.S. Environmental Protection Agency.

    Still, Trump, while spending the holiday weekend at his home in Florida, took to social media to say he “cannot allow incompetent Local ‘Leadership’” to turn the Potomac “into a Disaster Zone.” He said he has ordered federal authorities to step in to coordinate the response.

    “There is a massive Ecological Disaster unfolding in the Potomac River as a result of the Gross Mismanagement of Local Democrat Leaders, particularly, Governor Wes Moore, of Maryland,” Trump added in his social media post.

    But Ammar Moussa, a spokesman for Moore, said EPA officials did not participate in a recent legislative hearing about the cleanup and said the Trump administration has been broadly “shirking its responsibility” on the repair and cleanup of what University of Maryland researchers say is one of the largest sewage spills in U.S. history.

    “The President has his facts wrong — again,” Moussa said. He added, “Apparently the Trump administration hadn’t gotten the memo that they’re actually supposed to be in charge here.”

    DC Water CEO and General Manager David L. Gadis said in a statement Monday, “We have been coordinating with U.S. EPA since the Potomac Interceptor collapsed.”

    Asked why Trump was placing blame on Moore outside of Maryland’s jurisdiction, a White House official, who was not authorized to comment publicly and spoke on condition of anonymity, said Maryland was slow to coordinate with federal entities on the ruptured pipe and has not kept up with needed updates of the state’s water and wastewater infrastructure.

    The partial government shutdown began Saturday after congressional Democrats and Trump’s team failed to reach a deal on legislation to fund DHS through September. The impasse affects agencies such as the Transportation Security Administration, U.S. Coast Guard, the Secret Service, U.S. Immigration and Customs Enforcement, U.S. Customs and Border Protection and FEMA.

    White House press secretary Karoline Leavitt pointed to the sewage spill on social media, posting, “Add this to the long list of reasons Democrats need to get serious and fund the Department of Homeland Security.”

    The spill was caused by a 72-inch (183-centimeter) diameter sewer pipe that collapsed last month, leading to millions of gallons of wastewater shooting out of the ground and into the river.

    DC Water says fixing the pipe in the aftermath of the Jan. 19 rupture has been complicated.

    A video inspection of the pipeline earlier this month revealed the blockage inside the collapsed sewer line is “far more significant” than originally thought. The agency said it discovered a large rock dam about 30 feet (9 meters) from the breach in the sewage line, which requires treatment before the current spill can be addressed.

    The emergency repair is expected to take another four to six weeks. The work will address the immediate repairs to the damaged section of the pipe and several other issues, including environmental restoration.

    Washington, D.C.’s Department of Energy and Environment says the drinking water remains safe, but has urged people to avoid unnecessary contact with water from the Potomac River, avoid fishing and keep pets away.


    An ongoing fight between Trump and Moore

    The president and Moore, a Democrat viewed as potential 2028 presidential contender, have frequently sparred since Trump’s return to the White House last year.

    Trump says he’s excluding Moore and Democrat Colorado Gov. Jared Polis from a White House dinner for governors set for Saturday as state leaders gather in Washington for the National Governors Association meeting.

    The president and aides have also criticized Moore and other Maryland officials for violence in the state’s biggest city, Baltimore, with Trump threatening to send National Guard troops as he has elsewhere around the country.

    Moore and other Democratic officials in Maryland pushed back that homicides in Baltimore have reached historic lows with sustained declines starting in 2023, and said the state did not need National Guard troops.

    The Trump administration has also questioned Moore about “DEI contracting practices” and “ballooning project costs” for the rebuilding of Baltimore’s Francis Scott Key Bridge. The crucial bridge collapsed in March 2024 after a massive container ship crashed into it.

    The president told reporters that his dissatisfaction with Moore’s handling of reconstruction of the bridge and the sewage spill are why he’s not including him in next weekend’s White House dinner for governors.

    “He can’t fix anything,” Trump told reporters as he flew back to Washington from his home in Florida on Monday evening.

    Moussa, the governor’s spokesman, said Maryland stands ready to work with federal officials.

    “The Potomac isn’t a talking point, and the people of the region deserve serious leadership that meets the moment,” Moussa said.

    Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Photos You Should See – Feb. 2026

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  • CDC Studies Show Value of Nationwide Wastewater Disease Surveillance, as Potential Funding Cut Looms

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    Wastewater testing can alert public health officials to measles infections days to months before cases are confirmed by doctors, researchers said in two studies published Thursday by the Centers for Disease Control and Prevention.

    Colorado health officials were able to get ahead of the highly contagious virus by tracking its presence in sewer systems, researchers wrote. And Oregon researchers found wastewater could have warned them of an outbreak more than two months before the first person tested positive.

    The findings add to evidence that wastewater testing is a valuable weapon in tracking disease, including COVID-19, polio, mpox and bird flu.

    Peggy Honein, director of the CDC’s division of infectious disease readiness and innovation, said the proposed funding level would “sustain some of the most critical activities” but “it would likely require some prioritization.”

    The national system covers more than 1,300 wastewater treatment sites serving 147 million people. It includes six “centers for excellence” — Colorado among them — that innovate and support other states in expanding their testing.

    The funding cut is still a proposal, and Congress has started pushing back against cuts to health care in general.

    But state health departments say they are preparing for a potential loss of federal support regardless. Most state programs are entirely federally funded, Honein said.

    Colorado started its wastewater surveillance program in 2020 with 68 utilities participating voluntarily. The program has since narrowed in its focus even as it grew to include more diseases, because it is 100% federally funded, said Allison Wheeler, manager of the Colorado’s wastewater surveillance unit.

    The work is funded through 2029, Wheeler said, and the department is talking to state leaders about what to do after that.

    “I know that there are other states that haven’t been as fortunate as us,” Wheeler said. “They need this funding in order to sustain their program for the next year.”


    Measles found in wastewater before patients are diagnosed

    In the Colorado study, which Wheeler co-authored, officials started testing wastewater for measles in May, as outbreaks in Texas, New Mexico and Utah were growing and five cases had been confirmed in Colorado.

    In August, wastewater in Mesa County tested positive about a week before two measles cases were confirmed by a doctor. Neither patient knew that they had been exposed to measles. As they traced 225 household and health care contacts of the first two patients, health officials found five more cases.

    In Oregon, researchers used preserved sewage samples from late 2024 to determine if sewage testing could have discovered a burgeoning outbreak.

    The 30-case outbreak spanned two counties and hit a close-knit community that does not readily seek health care, the study’s authors wrote. The first case was confirmed on July 11 and it ultimately took health officials 15 weeks to stop the outbreak.

    The researchers found that wastewater samples from the area were positive for measles about 10 weeks before the first cases were reported. The virus concentration in the wastewater over the weeks also matched the known peak of the outbreak.

    “We knew that we were missing cases, and I think that’s always the case in measles outbreaks,” said Dr. Melissa Sutton, of the Oregon Health Authority. “But this gave us an insight into how much silent transmission was occurring without us knowing about it and without our health care system knowing about it.”


    State see value in sewage tracking

    Other states, such as Utah, have integrated wastewater data into their public-facing measles dashboards, allowing anyone to track outbreaks in real time.

    And in New Mexico, where 100 people got measles last year and one died, the testing helped state health officials shrink a vast rural expanse. The state’s system flagged cases in northwestern Sandoval County while officials were focused on a massive outbreak 300 miles (483 kilometers) away in the southeast, said Kelley Plymesser, of the state health department.

    The early warning allowed the department to alert doctors and the public, lower thresholds for testing and refocus their resources. The outbreak ended in September. But because measles continues to spread across the Southwest, the state is still using the system to look for new cases.

    Sutton, of Oregon, said she’s hopeful federal leaders will see the power of the system, its adaptability, affordability and reach.

    “The widespread use of wastewater surveillance in the United States is one of the greatest advancements in communicable disease surveillance in a generation,” she said.

    The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group and the Robert Wood Johnson Foundation. The AP is solely responsible for all content.

    Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Photos You Should See – January 2026

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  • Waste Management plans to build plant to turn landfill methane into useable natural gas

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    DENVER – All landfills face a similar challenge.

    “Decomposition occurs of organic materials within the landfill as it’s compressed, and creates Methane and CO2,” said Zachery Clayton, Manager of Environmental Medicine Planning with the Denver Department of Public Health and Environment.

    Denver owns the Denver Arapahoe Disposal Site or the so-called DADS Landfill in Arapahoe County. It’s operated by Waste Management that currently has a procedure to reduce methane gas.

    “We’re actually capturing landfill methane gas, sending it to an electric engine plant, and we convert that gas into electricity and export it to the grid. Many of the residents throughout Denver enjoy that electricity, not even knowing that it came from the landfill,” said Brian Snyder, Director of Operations for Waste Management (WM) Renewable Energy.

    In that process, there is excess methane that is then burned off, or ‘flared.’

    “What it does is, it burns all the methane off, and then there’s subsequent pollutants that go into there, such as sulfur oxides and things like that, nitrous oxides,” said Clayton.

    WM and the City and County of Denver recently agreed on a partnership to change and update that whole process.

    Denver7

    WM is hoping to pay for and build a new renewable natural gas plant at the DADS landfill.

    “It’s going to capture about 98% of the methane that comes out of the landfill. It goes to the plant, it scrubs it, it cleans it to 98% and then it puts it into a pipeline and transmission line and goes out for distribution,” said Clayton.

    The renewable natural gas can then be used as power.

    “We’re going to collect over a million MMBtu of gas from the landfill, and that’s going to power nearly 15,000 homes with natural gas,” said Snyder.

    Snyder adds WM has already started investing into compressed natural gas vehicles, and plans to use some of the gas from the new plant to power around 900 trash collection vehicles a year.

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    There’s another large impact for anyone outside the landfill.

    “Improve the air quality: that’s number one, which is extremely beneficial. It takes something that’s currently, could be dangerous, and puts it as a beneficial reuse,” said Clayton.

    The project still needs to go through the planning and permitting phase. Clayton said that will also include a public input process.

    If approved to move forward, the plant could be up and running by 2027.


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  • Why your holiday gift returns might go to a landfill and what you can do about it

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    The holiday season will soon come to a close, but the busiest time of the year for product returns is just beginning.

    The National Retail Federation estimates 17% of holiday purchases will be sent back this year. More retailers are reporting extended return windows and increased holiday staff to handle the rush this year.

    A major driver for returns is uncertainty. When we buy for other people, finding what they want is a bit of a guessing game. Online purchases have higher return rates because finding the right size and color is tough when you’re just staring at images on screens.

    “Clothing and footwear, as you can imagine, because fit is such an important criteria, they have higher rates of returns,” said Saskia van Gendt, chief sustainability officer at Blue Yonder, which sells software designed to improve companies’ supply chain management.

    Returns come with an environmental cost, but there’s a lot consumers and companies are doing to minimize it.

    If a company sells a thing, it’s probably packaged in plastic. Plastic is made from oil, and oil production releases emissions that warm the planet. If that thing is bought online, it’s put on a plane or a train or a truck that usually uses oil-based fuel.

    If you buy a thing and return it, it goes through most or all of that all over again.

    And once those products are back with the retailer, they may be sent along to a refurbisher, liquidator, recycler or landfill. All these steps require more travel, packaging and energy, ultimately translating to more emissions. Joseph Sarkis, who teaches supply chain management at Worcester Polytechnic Institute, estimates that returning an item increases its impact on the planet by 25% to 30%.

    Roughly a third of the time, those returns don’t make their way to another consumer. Because frequently, it’s not worth reselling.

    If, for example, you get a phone, but you send it back because you don’t like the color, the seller has to pay for the fuel and equipment to get the phone back, and then has to pay for the labor to assess whether it has been damaged since leaving the facility.

    “It can be quite expensive,” said Sarkis. “And if you send it out to a new customer and the phone is bad, imagine the reputational hit you’ll get. You’ll get another return and you’ll lose a customer who’s unhappy with the product or material. So the companies are hesitant to take that chance.”

    Something as expensive as a phone might get sold to a secondary or refurbishment market. But that $6 silicone spatula you got off Amazon? Probably not worth it. Plus, some stuff — think a bathing suit or a bra — is less attractive to customers if there’s a chance it’s been resold. The companies know that.

    And that’s where the costs of returns are more than just environmental — and consumers wind up paying. Even free returns aren’t really free.

    “Refurbishment, inspection, repackaging, all of these things get factored into the retail price,” said Christopher Faires, assistant professor of logistics and supply chain management at Georgia Southern University.

    If you want to reduce the impact of your returns, the first move is to increase their chances of resale. Be careful not to damage it, and reuse the packaging to send it back, said Cardiff University logistics and operations management lecturer Danni Zhang.

    If you have to return something, do it quickly. That ugly Christmas sweater you got at the white elephant office party has a much better chance of selling on Dec. 20 than it does on Jan. 5. Zhang said it’s not worth the cost to the company to store that sweater once it’s gone out of season.

    Another tip: in-person shopping is better than online because purchases get returned less often, and in-person returns are better, too — because those items get resold more often. Zhang said it reduces landfill waste. Sarkis said it reduces emissions because companies with brick-and-mortar locations spread out across the country and closer to consumers thus move restocked goods shorter distances.

    “If I can return in-store, then I definitely will,” Zhang said. “The managers can put that stuff back to the market as soon as possible.”

    Obviously the best thing consumers can do is minimize returns. Many shoppers engage in “bracketing behavior,” or buying multiple sizes of the same item, keeping what fits, and returning the rest.

    “This behavior of bringing the dressing room to our homes is not sustainable,” said Faires.

    If you’re buying for someone else, you can also consider taking the guesswork out of the equation and going for a gift card.

    “I know we do really want to pick up something really nice to express our love for our friends or our family. But if we are more sustainable, probably the gift card will be much better than just purchasing the product,” Zhang said.

    Sarkis wants to see companies provide more information in product descriptions about the environmental impact of returning an item, or how much of the purchase price factors in return costs.

    “But I don’t know if they want to send a negative message,” he said. “If you’re telling someone to stop something because of negative results, that’s not going to sell.”

    Sarkis and Zhang both say charging for returns would help. Already Amazon is requiring customers pay in certain situations.

    On the tech side, Blue Yonder’s recent acquisition of Optoro, a company that provides a return management system for retailers and brands, uses a software to quickly assess the condition of returned products and route them to stores that are most likely to resell them.

    “Having that process be more digitized, you can quickly assess the condition and put it back into inventory,” said van Gendt. “So that’s a big way to just avoid landfill and also all of the carbon emissions that are associated with that.”

    Clothing is returned most often. Many sizes do not reflect specific measurements, like women’s dresses, so they vary a lot between brands. Zhang said better sizing could help reduce the need for returns. On top of that, Sarkis said more 3D imaging and virtual reality programs could help customers be more accurate with their purchases, saving some returns.

    ___

    The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

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  • Cornercap Investment Counsel Inc. Takes $1.58 Million Position in Waste Management, Inc. $WM

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    Cornercap Investment Counsel Inc. bought a new position in Waste Management, Inc. (NYSE:WMFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,169 shares of the business services provider’s stock, valued at approximately $1,583,000.

    Several other large investors have also added to or reduced their stakes in the company. Saudi Central Bank bought a new stake in shares of Waste Management during the 1st quarter valued at $37,000. GKV Capital Management Co. Inc. purchased a new stake in Waste Management in the 1st quarter worth $38,000. Loomis Sayles & Co. L P bought a new stake in Waste Management during the second quarter valued at about $40,000. Wealth Watch Advisors INC bought a new position in Waste Management in the 2nd quarter worth approximately $43,000. Finally, eCIO Inc. bought a new stake in shares of Waste Management during the first quarter valued at approximately $53,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

    Insider Activity at Waste Management

    In related news, SVP Rafael Carrasco sold 1,380 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the transaction, the senior vice president directly owned 15,540 shares in the company, valued at approximately $3,373,112.40. This represents a 8.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

    Waste Management Trading Up 0.5%

    Shares of WM stock opened at $221.39 on Thursday. The company has a market cap of $89.19 billion, a PE ratio of 34.86, a price-to-earnings-growth ratio of 2.72 and a beta of 0.58. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58. The stock’s 50 day simple moving average is $211.51 and its two-hundred day simple moving average is $220.73. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.80.

    Waste Management (NYSE:WMGet Free Report) last released its earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.03). The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.96 EPS. Research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

    Waste Management Dividend Announcement

    The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, December 5th. Waste Management’s dividend payout ratio (DPR) is 51.97%.

    Analysts Set New Price Targets

    WM has been the subject of a number of research reports. Barclays dropped their target price on shares of Waste Management from $271.00 to $266.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Royal Bank Of Canada cut their price objective on Waste Management from $234.00 to $223.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Waste Management in a research report on Monday. Citigroup raised their price target on Waste Management from $268.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Sanford C. Bernstein began coverage on Waste Management in a research note on Wednesday, November 12th. They issued an “outperform” rating and a $255.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $248.95.

    View Our Latest Research Report on Waste Management

    Waste Management Profile

    (Free Report)

    Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

    Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.

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  • American e-waste causing ‘hidden tsunami’ in Southeast Asia, watchdog report says

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    HANOI, Vietnam — HANOI, Vietnam (AP) — Millions of tons of discarded electronics from the United States are being shipped overseas, much of it to developing countries in Southeast Asia unprepared to safely handle hazardous waste, according to a new report released Wednesday by an environmental watchdog.

    The Seattle-based Basel Action Network, or BAN, said a two-year investigation found at least 10 U.S. companies exporting used electronics to Asia and the Middle East, in what it says is a “hidden tsunami” of electronic waste.

    “This new, almost invisible tsunami of e-waste, is taking place … padding already lucrative profit margins of the electronics recycling sector while allowing a major portion of the American public’s and corporate IT equipment to be surreptitiously exported to and processed under harmful conditions in Southeast Asia,” the report said.

    Electronic waste, or e-waste, includes discarded devices like phones and computers containing both valuable materials and toxic metals like lead, cadmium and mercury. As gadgets are replaced faster, global e-waste is growing five times quicker than it’s formally recycled.

    The world produced a record 62 million metric tons in 2022. That’s expected to climb to 82 million by 2030, according to the United Nations’ International Telecommunication Union and its research arm, UNITAR.

    That American e-waste adds to the burden for Asia, which already produces nearly half the world’s total. Much of it is dumped in landfills, leaching toxic chemicals into the environment. Some ends up in informal scrapyards, where workers burn or dismantle devices by hand, often without protection, releasing toxic fumes and scrap.

    About 2,000 containers — roughly 33,000 metric tons (36,376 U.S. tons) — of used electronics leave U.S. ports every month, according to the report. It said the companies behind the shipments, described as “e-waste brokers,” typically don’t recycle the waste themselves but send it to companies in developing countries.

    The companies identified in the report include Attan Recycling, Corporate eWaste Solutions or CEWS, Creative Metals Group, EDM, First America Metal Corp., GEM Iron and Metal Inc., Greenland Resource, IQA Metals, PPM Recycling and Semsotai.

    Six of the companies didn’t immediately respond to emailed requests for comment.

    Semsotai told The Associated Press that it doesn’t export scrap, only working components for reuse. It accused BAN of bias.

    PPM Recycling told The Associated Press that its warehouses in California and Texas ship only aluminum and other non-iron metals to Malaysia. It said BAN had exaggerated shipment volumes, adding that it used accurate trade codes and followed U.S. and international rules.

    Greenland Resource told The Associated Press it took the allegations seriously and was reviewing the matter internally and couldn’t comment further without seeing the report.

    CEWS said it follows strict environmental standards, but some aspects of where and how recycled materials are handled are industrial secrets.

    The report estimated that between January 2023 and February 2025, the 10 companies exported more than 10,000 containers of potential e-waste valued at over $1 billion, the report said. Industrywide, such trade could top $200 million a month.

    Eight of the 10 identified companies hold R2V3 certifications — an industry standard meant to ensure electronics are recycled safely and responsibly, raising questions about the value of such a certification, the report said.

    Several companies operate out of California, despite the state’s strict e-waste laws requiring full reporting and proper downstream handling of electronic and universal waste.

    Many e-waste containers go to countries that have banned such imports under the Basel Convention, which is an international treaty that bars hazardous waste trade from non-signatories like the U.S., the only industrialized nation yet to ratify it.

    The nonprofit said its review of government and private trade records from ships and customs officials showed shipments were often declared under trade codes that did not match those for electronic waste, such as “commodity materials” like raw metals or other recyclable goods to evade detection. Such classifications were “highly unlikely” given how the companies publicly describe their operations, the report said.

    Tony R. Walker, who studies global waste trade at the Dalhousie University’s School for Resource and Environmental Studies in Halifax in Canada, said he wasn’t surprised that e-waste continues to evade regulation. While some devices can be legally traded if functional, most such exports to developing nations are broken or obsolete and mislabeled, bound for landfills that pollute the environment and have little market value, he said.

    He pointed to Malaysia — a Basel Convention signatory identified in the report as the primary destination for U.S. e-waste — saying the country would be overwhelmed by that volume, in addition to waste from other wealthy nations.

    “It simply means the country is being overwhelmed with what is essentially pollution transfer from other nations,” he said.

    The report estimates that U.S. e-waste shipments may have made up about 6% of all U.S. exports to the country from 2023 to 2025. After China banned imports of foreign waste in 2017, many Chinese businesses shifted their operations to Southeast Asia, using family and business ties to secure permits.

    “Malaysia suddenly became this mecca of junk,” said Jim Puckett of the Basel Action Network.

    Containers were also sent to Indonesia, Thailand, the Philippines and the UAE, despite bans under the Basel Convention and national laws, the report added.

    In countries receiving this U.S. e-waste, “undocumented workers desperate for jobs” toil in makeshift facilities, inhaling toxic fumes as they strip wires, melt plastics and dismantle devices without protection, the report said.

    Authorities in Thailand and Malaysia have stepped up efforts to curb illegal imports of U.S. e-waste.

    In May, Thai authorities seized 238 tons of U.S. e-waste at Bangkok’s port seized 238 tons of U.S. scrap at Bangkok’s port while Malaysian authorities confiscated e-waste worth $118 million in nationwide raids in June.

    Most of the facilities in Malaysia were illegal and lacked environmental safeguards, said SiPeng Wong, of Malaysia’s Center to Combat Corruption & Cronyism.

    Exporting e-waste from rich nations to developing nations strains local facilities, overwhelms efforts to manage domestic waste and is a form of “waste colonialism,” she said.

    ___

    This story has been corrected to show that one of the companies identified in the report is called First America Metal Corp., not First American Metals.

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  • Watchdog report says American e-waste is causing a ‘hidden tsunami’ in Southeast Asia

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    HANOI, Vietnam — HANOI, Vietnam (AP) — Millions of tons of discarded electronics from the United States are being shipped overseas, much of it to developing countries in Southeast Asia unprepared to safely handle hazardous waste, according to a new report by an environmental watchdog.

    The Seattle-based Basel Action Network, or BAN, said a two-year investigation found at least 10 U.S. companies exporting used electronics to Asia and the Middle East, in what it says is a “hidden tsunami” of electronic waste.

    “This new, almost invisible tsunami of e-waste, is taking place … padding already lucrative profit margins of the electronics recycling sector while allowing a major portion of the American public’s and corporate IT equipment to be surreptitiously exported to and processed under harmful conditions in Southeast Asia,” the report said.

    Electronic waste, or e-waste, includes discarded devices like phones and computers containing both valuable materials and toxic metals like lead, cadmium and mercury. As gadgets are replaced faster, global e-waste is growing five times quicker than it’s formally recycled.

    The world produced a record 62 million metric tons in 2022. That’s expected to climb to 82 million by 2030, according to the United Nations’ International Telecommunication Union and its research arm, UNITAR.

    That American e-waste adds to the burden for Asia, which already produces nearly half the world’s total. Much of it is dumped in landfills, leaching toxic chemicals into the environment. Some ends up in informal scrapyards, where workers burn or dismantle devices by hand, often without protection, releasing toxic fumes and scrap.

    About 2,000 containers — roughly 33,000 metric tons (36,376 U.S. tons) — of used electronics leave U.S. ports every month, according to the report. It said the companies behind the shipments, described as “e-waste brokers,” typically don’t recycle the waste themselves but send it to companies in developing countries.

    The companies identified in the report include Attan Recycling, Corporate eWaste Solutions or CEWS, Creative Metals Group, EDM, First American Metals, GEM Iron and Metal Inc., Greenland Resource, IQA Metals, PPM Recycling and Semsotai.

    Six of the companies did not respond to emailed requests for comment.

    Semsotai told The Associated Press that it does not export scrap, only working components for reuse. It accused BAN of bias.

    PPM Recycling told The Associated Press it complies with all regulations and accurately handles shipments through certified partners. Greenland Resource told The Associated Press it took the allegations seriously and was reviewing the matter internally. Both said they couldn’t comment further without seeing the report.

    CEWS said it follows strict environmental standards, but some aspects of where and how recycled materials are handled are industrial secrets.

    The report estimated that between January 2023 and February 2025, the 10 companies exported more than 10,000 containers of potential e-waste valued at over $1 billion, the report said. Industrywide, such trade could top $200 million a month.

    Eight of the 10 identified companies hold R2V3 certifications — an industry standard meant to ensure electronics are recycled safely and responsibly, raising questions about the value of such a certification, the report said.

    Several companies operate out of California, despite the state’s strict e-waste laws requiring full reporting and proper downstream handling of electronic and universal waste.

    Many e-waste containers go to countries that have banned such imports under the Basel Convention, which is an international treaty that bars hazardous waste trade from non-signatories like the U.S., the only industrialized nation yet to ratify it.

    The nonprofit said its review of government and private trade records from ships and customs officials showed shipments were often declared under trade codes that did not match those for electronic waste, such as “commodity materials” like raw metals or other recyclable goods to evade detection. Such classifications were “highly unlikely” given how the companies publicly describe their operations, the report said.

    Tony R. Walker, who studies global waste trade at the Dalhousie University’s School for Resource and Environmental Studies in Halifax in Canada, said he wasn’t surprised that e-waste continues to evade regulation. While some devices can be legally traded if functional, most such exports to developing nations are broken or obsolete and mislabeled, bound for landfills that pollute the environment and have little market value, he said.

    He pointed to Malaysia — a Basel Convention signatory identified in the report as the primary destination for U.S. e-waste — saying the country would be overwhelmed by that volume, in addition to waste from other wealthy nations.

    “It simply means the country is being overwhelmed with what is essentially pollution transfer from other nations,” he said.

    The report estimates that U.S. e-waste shipments may have comprised about 6% of all U.S. exports to the country from 2023 to 2025. After China banned imports of foreign waste in 2017, many Chinese businesses shifted their operations to Southeast Asia, using family and business ties to secure permits.

    “Malaysia suddenly became this mecca of junk,” said Jim Puckett of the Basel Action Network.

    Containers were also sent to Indonesia, Thailand, the Philippines and the UAE, despite bans under the Basel Convention and national laws, the report added.

    In countries receiving this U.S. e-waste, undocumented workers desperate for jobs toil in makeshift facilities, inhaling toxic fumes as they strip wires, melt plastics and dismantle devices without protection, the report said.

    Authorities in Thailand and Malaysia have stepped up efforts to curb illegal imports of U.S. e-waste.

    In May, Thai authorities seized 238 tons of U.S. e-waste at Bangkok’s port seized 238 tons of U.S. scrap at Bangkok’s port while Malaysian authorities confiscated e-waste worth $118 million in nationwide raids in June.

    Most of the facilities in Malaysia were illegal and lacked environmental safeguards, said SiPeng Wong of Malaysia’s Center to Combat Corruption & Cronyism

    Exporting e-waste from rich nations to developing nations strains local facilities, overwhelms efforts to manage domestic waste and is a form of “waste colonialism,” she said.

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  • California lawsuit says makers of plastic bags lied about products being recyclable

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    SACRAMENTO, Calif. — SACRAMENTO, Calif. (AP) — California ramped up its efforts to curb plastic pollution Friday — suing three plastic-bag makers, alleging the companies falsely claimed their products were recyclable.

    State Attorney General Rob Bonta, a Democrat, said companies Novolex Holdings, Inteplast Group and Mettler Packaging violated a state law passed in 2014 that banned plastic bags at grocery store checkouts that weren’t recyclable.

    Under the law, shoppers could pay 10 cents for thicker plastic bags that needed to be reusable and recyclable. But the makers of the bags labeled them as recyclable even though they were not — recycling facilities cannot process them and they end up dumped in landfills, incinerated, or in the state’s waterways, Bonta said.

    “In California, we’re making it clear,” he said at a news conference. “Truth matters. Public trust matters. Environmental protection matters.”

    The companies did not respond to email and phone requests for comment.

    The state filed a similar lawsuit against ExxonMobil about a year ago over the oil giant’s plastic products. The lawsuit said the company deceived the public by falsely promising that its plastic products would be recycled. The oil giant said California’s recycling system was ineffective and that the state should have worked with the company to keep plastics out of landfills.

    California lawmakers later decided the 2014 law didn’t go far enough. Democratic Gov. Gavin Newsom signed a law last year that will ban all plastic shopping bags at grocery stores starting next year.

    At least a dozen states have some type of statewide plastic bag ban, according to the environmental advocacy group Environment America Research and Policy Center. Hundreds of cities also have their own bans.

    Bonta announced Friday the state reached settlements with four other companies California alleged violated the 2014 law: Revolution Sustainable Solutions, Metro Poly, PreZero US Packaging and Advance Polybag. The businesses agreed to collectively pay the state nearly $1.8 million and halt plastic bag sales in California after selling the rest of their existing stock.

    The lawsuit and settlements hold companies accountable for mislabeling their products as recyclable, said Nick Lapis, director of advocacy for environmental group Californians Against Waste.

    “Plastic bags are a uniquely wasteful product,” he said in an email. “Nothing we use for minutes should pollute our environment for centuries, especially something so lightweight that it’s practically designed to become litter.”

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  • Robeco Institutional Asset Management B.V. Sells 32,440 Shares of Waste Management, Inc. $WM

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    Robeco Institutional Asset Management B.V. reduced its position in Waste Management, Inc. (NYSE:WMFree Report) by 25.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,756 shares of the business services provider’s stock after selling 32,440 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Waste Management were worth $21,224,000 at the end of the most recent quarter.

    Several other institutional investors have also added to or reduced their stakes in WM. Community Financial Services Group LLC boosted its position in shares of Waste Management by 1.8% during the 2nd quarter. Community Financial Services Group LLC now owns 22,968 shares of the business services provider’s stock valued at $5,256,000 after acquiring an additional 403 shares during the last quarter. USA Financial Formulas lifted its position in Waste Management by 361.6% during the second quarter. USA Financial Formulas now owns 5,973 shares of the business services provider’s stock valued at $1,367,000 after purchasing an additional 4,679 shares during the last quarter. Vigilare Wealth Management increased its holdings in shares of Waste Management by 80.4% in the 2nd quarter. Vigilare Wealth Management now owns 3,068 shares of the business services provider’s stock worth $702,000 after buying an additional 1,367 shares during the last quarter. First Pacific Financial raised its position in shares of Waste Management by 0.9% during the 2nd quarter. First Pacific Financial now owns 6,563 shares of the business services provider’s stock valued at $1,502,000 after buying an additional 57 shares in the last quarter. Finally, Trust Co. of Vermont lifted its holdings in shares of Waste Management by 1.7% in the 2nd quarter. Trust Co. of Vermont now owns 30,901 shares of the business services provider’s stock valued at $7,071,000 after acquiring an additional 515 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

    Analyst Upgrades and Downgrades

    WM has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research report on Saturday, September 27th. UBS Group increased their price target on Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. BMO Capital Markets lifted their price objective on shares of Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 30th. CIBC increased their target price on shares of Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, June 26th. Finally, Scotiabank lifted their price target on shares of Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average target price of $255.17.

    Get Our Latest Stock Analysis on WM

    Waste Management Trading Up 1.3%

    NYSE WM opened at $219.77 on Friday. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58. The company’s 50-day moving average price is $224.29 and its 200-day moving average price is $228.26. The stock has a market cap of $88.53 billion, a PE ratio of 32.61, a PEG ratio of 2.68 and a beta of 0.64. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51.

    Waste Management (NYSE:WMGet Free Report) last issued its earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the prior year, the firm earned $1.82 EPS. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

    Waste Management Dividend Announcement

    The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, September 12th. Waste Management’s dividend payout ratio is currently 48.96%.

    Waste Management Company Profile

    (Free Report)

    Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.

    See Also

    Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WMFree Report).

    Institutional Ownership by Quarter for Waste Management (NYSE:WM)



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  • How to shop secondhand clothing sustainably and look cool doing it

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    More online platforms are giving secondhand shopping a digital upgrade, rolling out features like livestream shopping and AI-powered search to make thrifting faster and more exciting.

    Although choosing secondhand over new is often the more sustainable option, experts say it’s not a license to overconsume. They warn that resale has its limits, since buying more than you need still fuels waste, and shopping online can add emissions from servers and shipping, thrifted or not.

    Here’s how industry experts and fashion-forward shoppers shop secondhand sustainably — and how to find quality pieces that last while looking cool, too.

    At eBay’s secondhand runway shows in New York and London, models wore pre-loved designer pieces that guests could shop live. Secondhand items like those make up 40% of the company’s sales, said Alexis Hoopes, eBay’s vice president of fashion.

    “One of our big priorities is making secondhand just as good as shopping in the primary market,” she said.

    ThredUp and The RealReal have reported record sales this year, signaling that the online resale market is growing quickly. Live-auction apps like Whatnot are giving shoppers more platforms to bid on used clothing.

    Shoppers navigating growing online options with an eye toward sustainability can still end up buying more than they need.

    “People who buy secondhand clothing were found to buy more clothing than people who don’t,” said Meital Peleg Mizrachi, a postdoctoral fellow at Yale University who researches textile waste. “Not only that, they tend to get rid of those clothes faster than other consumers. So they’re ending up creating more textile waste because they’re buying more and using that clothing for a shorter period of time.”

    Less than 20% of clothing donations to charities are resold in their stores, according to the Council for Textile Recycling. The rest is downcycled, exported — often to countries in the Global South — or ultimately discarded in landfills.

    Online resale also generates emissions from shipping and packaging, and running massive e-commerce platforms consumes energy, all factors that need to be considered, said Alana James, a fashion professor at Northumbria University. But all of that pales in comparison to the environmental impact of producing a new garment, she said.

    Experts say truly sustainable fashion requires breaking away from the fast-fashion mindset — the constant pressure to “buy now” and the manufactured sense of scarcity that fuels overconsumption.

    “Haul” culture — the social media trend of showing off massive shopping sprees — shows overconsumption in a new way, said Katrina Caspelich, communications director for Remake, an advocacy group for human rights and climate justice in fashion.

    “Responsible secondhand shopping means choosing pieces you’ll truly wear, investing in quality and resisting the pull of endless trend cycles,” she said.

    It can be difficult to determine quality when shopping online, but asking the seller about the garment’s composition can help, said Wisdom Kaye, a menswear content creator.

    Natural fabrics are a good place to start, said Caspelich.

    “Look for silk, cotton, bamboo — things that breathe and last — versus synthetics like polyester or nylon,” she said.

    Shoppers should look for items that are lined and make note of the quality of the stitching, said Julian Carter, a menswear content creator.

    Other secondhand buyers want to buy heftier clothing made before the mid-1990s, when more U.S. products were made without outsourced labor or a lot of cost-cutting, said Wesley Breed, a fashion history content creator.

    From the year to the color, shoppers sifting through hundreds of thousands of search results online should be very specific about what they want, said Aimee Kelly, a fashion content creator.

    “It helps you find the cooler pieces,” she said. “And have patience — look around, you’re gonna find it.”

    Finding the right item is only the first step — caring for it ensures it stays in circulation.

    Stuff bags to maintain their shape, keep clothing in garment bags, and use muslin bags and lavender sprays to keep out moths that eat natural fabrics like silk, wool and fur, said Liana Satenstein, host of eBay’s Endless Runway secondhand fashion show.

    People can also wear clothes more between washes, spot-clean and air-dry clothes, and learn to sew.

    “You’d be shocked how many people just toss a cardigan because a button fell off,” Caspelich said.

    Secondhand sustainability isn’t just about keeping clothes out of landfills.

    People who try to sell or give away their clothes should be mindful of where they’re going, said Mizrachi, the Yale researcher.

    “Try to give them to smaller community stores or shelters — places that you know are happy to get those clothes,” Mizrachi said.

    Zara, H&M and other brands have launched recycling programs.

    eBay recently partnered with British retailer Marks & Spencer for a take-back program that lets shoppers return items in-store to be resold on eBay.

    But the most sustainable choice is simply buying less, Mizrachi said. The only way to make fashion companies change how they do business is to make overconsumption unprofitable — which means buyers need to change their habits, she said.

    “We can’t purchase our way out of the climate crisis,” Mizrachi said.

    ___

    The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

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  • Lawmakers meet to discuss health of Merrimack River

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    NEWBURYPORT — Support for new projects addressing combined sewage overflows and updates on ongoing ones were discussed by dozens of local and state officials during Thursday’s meeting at the Newburyport Senior/Community Center.

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    By Matt Petry | mpetry@northofboston.com

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  • Billionaire Bill Gates Has 83% of His $48 Billion Portfolio in Just 4 Stocks

    Billionaire Bill Gates Has 83% of His $48 Billion Portfolio in Just 4 Stocks

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    Most investors have probably heard of Bill Gates, best known as a billionaire philanthropist and co-founder of Microsoft (NASDAQ: MSFT).

    After heading up the technology company he founded for more than 25 years, the former CEO stepped down to focus on his charity work. Gates is worth an estimated $132.6 billion (as of this writing), according to Forbes, making him the ninth richest person in the world. However, the fabled billionaire has pledged that “the vast majority of my wealth would go toward helping as many people as possible.”

    The vehicle he uses to support that goal is the Bill & Melinda Gates Foundation Trust. “Our mission is to create a world where every person has the opportunity to live a healthy, productive life,” the Gates Foundation website declares. The foundation has made grant payments of $77.6 billion since its inception, “taking on the toughest, most important problems.” As a result, holdings of the Trust tend to vary from quarter to quarter.

    While the Trust continues to own stakes in more than two dozen companies, 83% of its portfolio was comprised of just four stocks at the close of the second quarter.

    A person staring at graphs and charts on a computer monitor.

    Image source: Getty Images.

    1. Microsoft: 33%

    Of all the holdings in the Gates Trust, Microsoft is by far the largest. This shouldn’t be a surprise, given that Gates set up the foundation with his own holdings. The Trust owns roughly 35 million shares of Microsoft stock valued at $14.7 billion.

    Yet this isn’t the Microsoft of old. The company has expanded beyond its browser and operating system software, with Azure Cloud becoming the fastest-growing cloud infrastructure provider. It’s up 29% year over year in the most recent quarter, outpacing both Amazon Web Services (AWS) and Alphabet‘s Google Cloud.

    However, it was Microsoft’s early move into generative AI that has investors most excited. Management noted that Azure’s cloud growth included “eight points from AI services,” helping illustrate the upside. The company’s AI-powered digital assistant — Copilot — and other AI tools could generate incremental revenue of $143 billion by 2027, according to analysts at Evercore ISI.

    The Trust also benefits from Microsoft’s quarterly dividend, which the company has paid out consistently since 2004 and increased every year since 2011. The current yield of 0.7% might seem inconsequential, but that’s a function of the impressive stock price gains of more than 200% over the past five years. Furthermore, with a payout ratio of less than 25%, there are likely many more dividend increases on the horizon.

    2. Berkshire Hathaway: 21%

    Fellow billionaire Warren Buffett, CEO of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), has similar plans to donate the bulk of his wealth to charity. He joined Gates in the “Giving Pledge” in 2006 and has since donated roughly $43 billion to the Trust, including a bequest of $4 billion in June. As a result, the Gates Foundation currently holds nearly 25 million Berkshire Hathaway Class B shares worth $11 billion.

    Given Berkshire’s portfolio of profitable businesses and successful stock holdings, it isn’t surprising that the Trust continues to keep so much of the stock on hand. The portfolio provides built-in diversification and is expected to rake in billions in dividend income over the coming year. Furthermore, Berkshire just pared down its stock holdings and boosted its cash pile to a record high. It’s now holding roughly $277 billion in cash.

    Given the company’s history of success and massive cash pile, it isn’t surprising that it’s still one of the Trust’s largest holdings.

    3. Waste Management: 16%

    Gates has a soft spot for boring companies with strong recurring revenue, which is the very definition of Waste Management (NYSE: WM). If you have any doubt, consider this: The Gates Trust has a stake of more than 35 million shares of Waste Management stock worth $7.3 billion.

    Beyond just trash collection, Waste Management owns a number of reclamation stations that recover glass, paper, metal, and plastics and redirect them for recycling. The company also operates a number of landfills where it collects landfill gases to generate electricity and power vehicles.

    In the second quarter, revenue grew 5.5% year over year, while its adjusted operating EBITDA increased 10%.

    Let’s not forget the dividend. Waste Management has increased its payout for 15 consecutive years, with a current yield of 1.43%. And with a payout ratio of 46%, there’s plenty more where that came from.

    4. Canadian National Railway: 13%

    Another area where Gates and Buffett share common ground is enduring faith in railroads. Buffett was clear when he bought out Burlington Northern Santa Fe in 2009, saying that railroads transported goods “in a very cost-effective way… they do it in an extraordinarily environmentally friendly way… [releasing] far fewer pollutants into the atmosphere.” Gates clearly shares this mindset, as the Trust holds nearly 55 million shares of Canadian National Railway (NYSE: CNI) worth $6.2 billion.

    What sets Canadian National apart is that it’s the only transcontinental railroad in North America, connecting the Atlantic coast, the Pacific coast, and the Gulf of Mexico. Regarding Buffett’s point, railroads reduce greenhouse gas emissions by 75%. This is primarily because they’re four times more efficient than long-haul trucks, making railroads a more cost-effective option. Add to that their high barriers to entry and significant economic moat, and it’s easy to understand the appeal.

    Canadian National has a solid track record of dividend payments, with consecutive increases every year since it was initiated in 1996, and a current yield of 2.1%. The current payout ratio of 38% suggests there’s plenty of opportunity for future increases.

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    John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Danny Vena has positions in Alphabet, Amazon, Canadian National Railway, and Microsoft. The Motley Fool has positions in and recommends Alphabet, Amazon, Berkshire Hathaway, and Microsoft. The Motley Fool recommends Canadian National Railway and Waste Management and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

    Billionaire Bill Gates Has 83% of His $48 Billion Portfolio in Just 4 Stocks was originally published by The Motley Fool

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  • Compost carts are coming to these Denver neighborhoods next

    Compost carts are coming to these Denver neighborhoods next

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    The compost-loving people of Ruby Hill, Harvey Park and a few other neighborhoods need only wait a few more weeks.

    A compost bin in a Capitol Hill alleyway. Sept. 1, 2023.

    Kevin J. Beaty/Denverite

    I know that every Denverite wakes up each morning with one pressing question on their mind: “When will compost collection start in my neighborhood?”

    I have good news for residents of Bear Valley, College View-South Platte, Fort Logan, Harvey Park, Mar Lee, Marston, Overland and Ruby Hill. The answer is in the next few weeks.

    Those neighbors should look for a letter in the mail explaining the program and letting them choose their cart size. Deliveries will begin in September.

    It’s been a slow rollout for composting.

    City Council passed a bill in 2022 upping recycling pickup frequency and bringing free weekly compost collection citywide, subsidized by new fees on trash pickup.

    While the policy affects the whole city, rollout has been slow; the first neighborhoods got carts at the start of January 2023, but the city does not expect to cover the whole city until 2025.

    This next set of neighborhoods will bring compost cart distribution to about 54 percent of the city.

    Here are more details on the program, plus a comprehensive guide to all things compost.

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  • Senate pushes plastic bag ban

    Senate pushes plastic bag ban

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    BOSTON — Byproducts of a trip to the market and convenience store, plastic bags get a bad rap from environmentalists as wasteful consumables that litter oceans, parks and beaches and take hundreds of years to break down.

    Voters in at least 160 cities and towns in Massachusetts, including Gloucester, Manchester, Newburyport and Marblehead, have banned the bags or restricted their use.

    Others are considering limits, including lawmakers on Beacon Hill, who have revived a push for a statewide ban.

    The state Senate voted 38-2 Thursday to approve a bill that will ban single use plastic bags and require retailers to charge customers 10 cents for a paper bag, among other initiatives to reduce plastic waste.

    Supporters of the ban say single-use plastic bags clog the waste stream and litter oceans, parks and beaches.

    “They may sit in a landfill. They may be incinerated, both of which release microplastics and greenhouse gases back into the environment,” Sen. Becca Rausch, a Newton Democrat, the bill’s primary sponsor, said in remarks ahead of the bill’s passage. They probably won’t be recycled because less than 10% of plastics are actually recycled in the United States. And plastics can persist in the environment for decades to centuries to an entire millennium.”

    Members of the Senate’s Republican minority voted against the bill, arguing that a single use plastic ban will hurt the state’s small businesses while doing little to reduce pollution.

    “This is going to cost consumers more, in a state that already has an incredibly high cost of living and while we’re trying to increase affordability,” Sen. Peter Durant, R-Spencer, said in remarks on Thursday. “I think this becomes too much, too much for us to bear. There are still solutions we can take to implement moving forward, but we have to look at the cost-benefit ratio.”

    Senate Minority Leader Bruce Tarr, one of two Republicans who voted for the bill, filed an amendment that would have removed the paper bag fee from the bill, but it was rejected by the Democratic majority.

    “If we are going to, rightfully, ban plastic bags, then we should not be dictatorial about how the market responds to the consequences,” the Gloucester Republican said.

    Lawmakers withdrew a proposed amendment that would have banned plastic liquor “nips” following pushback from the state’s package store owners who argued it would hurt business and do too little to reduce plastic pollution.

    Efforts to phase out the bags are opposed by the plastics and paper industries, as well as some retail groups, who call the restrictions unnecessary and costly.

    Beacon Hill has wrestled with the issue for years. Attempts at a statewide ban have faltered amid industry pressure.

    In 2019, a similar proposal fell apart after a legislative committee, deliberating behind closed doors, stripped the fee and added a “preemption” clause that would effectively override local plastic bag bans, many of them voter-approved.

    “What we’re really trying to do is encourage reuse,” said Janet Domenitz, executive director of MassPIRG, said Thursday. “So the ban on single use plastics gets rid of the most deleterious material. The fee on paper is a way to incentivize people bring your own bag.”

    Then-Gov. Charlie Baker suspended local plastic bag bans in 2020 and banned the use of reusable bags as part of a raft of measures to stop spread of COVID-19. The state rescinded those limits a year later after it proceeded with reopening plans, citing research that the virus doesn’t survive well on plastic surfaces.

    Nationwide, Americans throw away some 100 billion plastic bags a year, according to the U.S. Environmental Protection Agency, which says the average bag takes up to 1,000 years to break down. Most bags are used an average of 12 minutes.

    The bill now moves to the House of Representatives, which must approve it before sending it to Gov. Maura Healey’s desk for consideration.

    Christian M. Wade covers the Massachusetts Statehouse for North of Boston Media Group’s newspapers and websites. Email him at cwade@cnhinews.com

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    By Christian M. Wade | Statehouse Reporter

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  • Beese Fulmer Investment Management Inc. Has $348,000 Stock Holdings in Waste Management, Inc. (NYSE:WM)

    Beese Fulmer Investment Management Inc. Has $348,000 Stock Holdings in Waste Management, Inc. (NYSE:WM)

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    Beese Fulmer Investment Management Inc. trimmed its holdings in shares of Waste Management, Inc. (NYSE:WMFree Report) by 13.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,635 shares of the business services provider’s stock after selling 249 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Waste Management were worth $348,000 as of its most recent SEC filing.

    Other hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its position in Waste Management by 8.5% during the third quarter. Integrated Wealth Concepts LLC now owns 28,912 shares of the business services provider’s stock worth $4,407,000 after buying an additional 2,272 shares during the last quarter. Birch Hill Investment Advisors LLC boosted its holdings in Waste Management by 5.5% during the fourth quarter. Birch Hill Investment Advisors LLC now owns 6,321 shares of the business services provider’s stock valued at $1,132,000 after acquiring an additional 332 shares during the period. International Assets Investment Management LLC boosted its holdings in Waste Management by 13,927.7% during the fourth quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider’s stock valued at $90,319,000 after acquiring an additional 500,701 shares during the period. Pacer Advisors Inc. boosted its holdings in Waste Management by 93.0% during the fourth quarter. Pacer Advisors Inc. now owns 46,613 shares of the business services provider’s stock valued at $8,348,000 after acquiring an additional 22,455 shares during the period. Finally, DSM Capital Partners LLC bought a new stake in Waste Management during the fourth quarter valued at about $38,000. 80.40% of the stock is owned by institutional investors and hedge funds.

    Waste Management Stock Performance

    NYSE WM opened at $207.89 on Thursday. The firm has a market cap of $83.38 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 2.42 and a beta of 0.74. The company has a 50 day moving average of $207.24 and a 200-day moving average of $198.00. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $214.54.

    Waste Management (NYSE:WMGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.23. The company had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $1.31 earnings per share. On average, equities analysts forecast that Waste Management, Inc. will post 7.31 earnings per share for the current fiscal year.

    Waste Management Announces Dividend

    The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, June 7th. Waste Management’s payout ratio is 49.10%.

    Analysts Set New Price Targets

    A number of equities research analysts have issued reports on the stock. CIBC upped their price target on shares of Waste Management from $207.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Truist Financial increased their target price on shares of Waste Management from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Royal Bank of Canada increased their target price on shares of Waste Management from $211.00 to $215.00 and gave the company a “sector perform” rating in a research note on Friday, April 26th. StockNews.com upgraded shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. Finally, Oppenheimer increased their target price on shares of Waste Management from $221.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $217.61.

    Read Our Latest Stock Analysis on WM

    Insider Transactions at Waste Management

    In related news, VP Michael J. Watson sold 4,208 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the sale, the vice president now owns 45,644 shares of the company’s stock, valued at $9,324,156.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

    Waste Management Company Profile

    (Free Report)

    Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.

    Read More

    Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WMFree Report).

    Institutional Ownership by Quarter for Waste Management (NYSE:WM)

    Receive News & Ratings for Waste Management Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Waste Management and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Haverhill to borrow $12.4M to reduce CS0s, upgrade water lines

    Haverhill to borrow $12.4M to reduce CS0s, upgrade water lines

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    HAVERHILL — The city will borrow $12.4 million for a project aimed at reducing the amount of combined sewer overflows reaching the Merrimack River.

    The City Council this week unanimously approved borrowing $12.4 million for a project intended to reduce CSOs pouring into the Little River and into the Merrimack River while also improving the water distribution system in the Locke Street area.

    In his request for the funding, DPW Director Robert Ward told the council the amount of the loan order increased by about $2 million since the original request passed about a year ago.

    He said the project was deferred a year due to permitting issues hit by cost increases.

    He said a number of things, including the need for additional quantities of items such as 18-inch diameter pipes, the creation of additional stormwater outfalls not in the original cost estimates, the need to rehabilitate some stormwater drain pipes, additional roadway restoration costs and other items.

    The council was provided with documents explaining the project, which will play out in three phases over the next 10 years.

    In his letter to the council, Ward noted that in 2016 the city entered into a consent decree with the federal Environmental Protection Agency (EPA) and the Massachusetts Department of Environmental Protection (DEP) requiring the city to reduce CSOs.

    Ward said that before the 1960s, sewage and stormwater were commonly collected in the same pipe. These combined sewers were designed and built to overflow into nearby waterways to prevent excessive flooding during rain storms from backing up into basements, streets, parking lots and other areas.

    Ward said the Locke Street area is the city’s biggest contributor to CSO overflows into the Merrimack River.

    This Locke Street Phase 1 combined sewer overflow (CSO) separation and water system improvements project will involve separating the combined sewer system in that area into separate wastewater and stormwater systems, thereby reducing excessive stormwater entering the sewer system during rain events.

    Ward noted that Phase 1 separates about 3,500 feet of combined sewers in the Locke Street area by installing new stormwater pipes, disconnecting catch basins from them, and connecting them to the separate stormwater lines. The project also involves upsizing existing storm drains, installing new outfalls to increase capacity of the existing storm drain system, and rehabilitating existing sewers and manholes.

    In conjunction with the sewer and drain work, old, undersized water mains in the Phase 1 area will be replaced and upsized. Ward said it makes sense to upgrade water lines in that area rather than return at a future date and having to dig up the streets again.

    The average household’s sewer rate impact from this project will be less than $21 annually, Ward stated in his letter. The water rate impact will add about $8 to the annual bill for an average size household, he said.

    The loan order funds Phase 1 of three phases over the next 10 years or so. Phases 2 and 3 will be in other areas, including Primrose, Main Street and Lawrence Street, which also discharge into Little River and to the CSO outlet behind the downtown bus station.

    “We’re paying for the sins of the past,” Ward said.

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    By Mike LaBella | mlabella@eagletribune.com

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  • S&P 500's year-end rally lifts 51 stocks to a record close

    S&P 500's year-end rally lifts 51 stocks to a record close

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    It has been a record day for 10% of the S&P 500.

    A group of 51 stocks in the benchmark equity index swept to record finishes on Tuesday, the most since April 20, 2022, according to a tally from Dow Jones Market Data.

    It was a record day for 51 stocks in the S&P 500.


    Dow Jones Market Data

    Stocks that logged a record close on Tuesday included Allstate Corp
    ALL,
    +0.90%
    ,
    Costco Wholesale
    COST,
    +0.90%
    ,
    D.R. Horton, Inc.
    DHI,
    +0.65%
    ,
    Mastercard
    MA,
    +1.21%
    ,
    T-Mobile US Inc.,
    TMUS,
    +1.00%

    Visa Inc.
    V,
    +1.19%

    and Waste Management Inc.,
    WM,
    +1.85%

    among others.

    Equities have been in a year-end rally mode, driven higher by tumbling benchmark yields that finance much of the U.S. economy and expectations of coming interest-rate cuts.

    The 10-year Treasury rate
    BX:TMUBMUSD10Y
    fell to 4.2% on Tuesday from a high of about 5% in October.

    The Dow Jones Industrial Average
    DJIA
    on Tuesday ended at its third-highest level on record, while the S&P 500 index
    SPX
    and Nasdaq Composite Index
    COMP
    added to a string of new closing highs for 2023. The Dow finished 0.6% away from its record close logged almost two years ago, while the S&P 500 was only 3.2% below its close from the same period, according to Dow Jones Market Data.

    The push higher for stocks followed inflation data for November that showed price pressures continued to ease from peak levels, but still were above the Fed’s 2% annual target.

    The consumer-price index pegged the annual rate of inflation at 3.1%, down from 3.2% in October, with the “last mile” of inflation expected to be the hardest part to tame.

    Investors now will be focused on Wednesday’s Federal Reserve decision. Short-term interest rates are expected to remain unchanged at a 22-year high, but the central bank is expected to update its “dot plot” forecast of rates over a longer time horizon.

    “Although the market will focus on the timing of rate cuts, we suspect Chair Powell will be keen to strike notes of caution to avoid financial conditions easing too much further to ensure the Fed continues to see encouraging progress on inflation,” said Emin Hajiyev, senior economist at Insight Investment, in emailed comments.

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  • Biden surveys hurricane’s toll from the sky and on the ground in Florida. DeSantis opts out of meeting.

    Biden surveys hurricane’s toll from the sky and on the ground in Florida. DeSantis opts out of meeting.

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    President Joe Biden got a look Saturday from the sky at Hurricane Idalia’s impact across a swath of Florida before setting out on a walking tour of a city recovering from the storm.

    Notably absent from his schedule was any time with Gov. Ron DeSantis, a Republican presidential candidate who suggested a meeting could hinder disaster-response efforts.

    “Our teams worked collectively to find this area. This was a mutually agreed upon area because of the limited impact,” Deanne Criswell, the head of the Federal Emergency Management Agency, told reporters as the president flew from Washington. She said her teams “have heard no concerns over any impact to the communities that we’re going to visit today.”

    On Friday, hours after President Biden indicated he would be meeting with Gov. DeSantis, the Republican’s office issued a statement saying there were no plans for such a get-together.

    Air Force One landed at the airport in Gainesville, where the president and first lady Jill Biden boarded Marine One for a helicopter flight to Live Oak, about 80 miles east of Tallahassee, the capital. He awaited a briefing on response and recovery efforts and a session with federal and local officials and first responders before his walk.

    On Friday, hours after Biden said he would be meeting with DeSantis, the governor’s office issued a statement saying there were no plans for such a get-together.

    “In these rural communities, and so soon after impact, the security preparations alone that would go into setting up such a meeting would shut down ongoing recovery efforts,” DeSantis spokesman Jeremy Redfern said in a statement.

    Criswell said aboard the flight that power is being restored and the road are all open in the area where Biden was going. “Access is not being hindered,” she said, adding that her team had been in “close coordination” with the governor’s staff.

    Idalia made landfall Wednesday morning along Florida’s sparsely populated Big Bend region as a Category 3 storm, causing widespread flooding and damage before moving north to drench Georgia and the Carolinas.

    As Biden left Washington on Saturday morning, he was asked by reporters what happened with that meeting. “I don’t know. He’s not going to be there,” the president said. He later said the federal government would “take care of Florida.”

    Previously: Idalia: Biden tells DeSantis Florida will have ‘full support’

    Gov. Ron DeSantis looks on in 2021 as President Joe Biden speaks during a Miami Beach briefing on the partial condominium collapse in Surfside, Fla.


    AP/Susan Walsh

    The political disconnect between both sides is a break from the recent past, since Biden and DeSantis met when the president toured Florida after Hurricane Ian hit the state last year, and following the Surfside condo collapse in Miami Beach in summer 2021. But DeSantis is now running to unseat Biden, and he only left the Republican presidential primary trail with Idalia barreling toward his state.

    Putting aside political rivalries following natural disasters can be tricky, meanwhile.

    Another 2024 presidential candidate, former Republican New Jersey Gov. Chris Christie, has long been widely criticized in GOP circles for embracing then-President Barack Obama during a tour of damage 2012’s Hurricane Sandy did to his state. Christie was even asked about the incident last month, during the first Republican presidential debate.

    Both Biden and DeSantis at first suggested that helping storm victims would outweigh partisan differences. But the governor began suggesting that a presidential trip would complicate response logistics as the week wore on.

    “There’s a time and a place to have political season,” the governor said before Idalia made landfall. “But then there’s a time and a place to say that this is something that’s life threatening, this is something that could potentially cost somebody their life, it could cost them their livelihood.”

    By Friday, the governor was telling reporters of Biden, “one thing I did mention to him on the phone” was “it would be very disruptive to have the whole security apparatus that goes” with the president “because there are only so many ways to get into” many of the hardest hit areas.

    “What we want to do is make sure that the power restoration continues and the relief efforts continue and we don’t have any interruption in that,” DeSantis said.

    Biden joked while delivering pizzas to workers at FEMA’s Washington headquarters on Thursday that he’d spoken to DeSantis so frequently about Idalia that “there should be a direct dial” between the pair.

    Homeland Security adviser Liz Sherwood-Randall pointed to the experiences after Ian and Surfside collapse in saying earlier this week that Biden and DeSantis “are very collegial when we have the work to do together of helping Americans in need, citizens of Florida in need.”

    The post-Idalia political consequences are high for both men.

    As Biden seeks re-election, the White House has asked for an additional $4 billion to address natural disasters as part of its supplemental funding request to Congress. That would bring the total to $16 billion and highlight that wildfires, flooding and hurricanes have intensified during a period of climate change, imposing ever higher costs on U.S. taxpayers.

    DeSantis has built his White House bid around dismantling what he calls Democrats’ “woke” policies. The governor also frequently draws applause at GOP rallies by declaring that it’s time to send “Joe Biden back to his basement,” a reference to the Democrat’s Delaware home, where he spent much of his time during the early lockdowns of the coronavirus pandemic.

    From the archives (January 2022): Critics accuse DeSantis of base pandering as he pushes bill to shield white people in Florida from ‘discomfort’ at school or in job training

    Also see (May 2023): Florida school library limits access to Amanda Gorman’s poem for Biden inauguration after parent complaint

    But four months before the first ballots are to be cast in Iowa’s caucuses, DeSantis still lags far behind former President Donald Trump, the Republican primary’s dominant early frontrunner. And he has cycled through repeated campaign leadership shakeups and reboots of his image in an attempt to refocus his message.

    The super PAC supporting DeSantis’s candidacy also has halted its door-knocking operations in Nevada, which votes third on the Republican presidential primary calendar, and several states holding Super Tuesday primaries in March — a further sign of trouble.

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