What Is Driving JinkoSolar Holding?

Jared Kushner Signs Book Deal To Tell ‘Truth’ About Trump Administration

Jared Kushner has signed a deal to write a memoir about his time as a senior White House adviser to his father-in-law, former President Donald Trump.

“His book will be the definitive, thorough recounting of the administration — and the truth about what happened behind closed doors,” Broadside publishing announced Tuesday, according to The Associated Press.

Kushner joins former White House press secretary Kayleigh McEnany as a chronicler of the tumultuous reign of Trump. Known by many as a mouthpiece for Trump’s lies about the pandemic and election, McEnany said Tuesday that she had submitted her finished manuscript for “For Such A Time As This: My Faith Journey Through The White House And Beyond.”

Kushner, credited with brokering a peace deal between Israel and other regional powers, left his own troubling legacy as well. He was dogged by conflict-of-interest accusations and his leading role in the administration’s disastrous COVID-19 response, AP noted.

He’s come under fire for his dealings out of the White House as well. A Maryland judge ruled in April that his apartment company violated consumer protection laws by misleading tenants and not allowing them to see the units until move-in day.

Critics on Twitter had words for Kushner that probably won’t be showing up in his book jacket:


New U.S. COVID Metrics Lowest In More Than A Year

COVID-19 metrics in the United States fell to the levels seen during the initial stages of the pandemic.

New cases and deaths recorded on Sunday were the lowest in more than a year.

With 5,285 new cases, the number of people infected with coronavirus in the U.S. increased to 34,321,158. This is nearly one third of the weekly average of 14,288 cases.

100 new deaths reported on Sunday took the total COVID death toll in the country to 615,053.

This is less than one third of the current weekly average of 363.

California reported the most number of cases – 578, while most deaths due to coronavirus infection – 14 – were reported in Pennsylvania and Virginia on Sunday.

The lower metrics are attributed to reporting delays on weekends.

A total of 28,400,132 people have so far recovered from coronavirus infection in the country, according to the latest data from Johns Hopkins University.

The Delta variant of coronavirus is fast becoming the dominant strain in the United States, according to Scott Gottlieb, a former commissioner of the US Food and Drug Administration.

“I think in parts of the country where you have less vaccination — particularly in parts of the South, where you have some cities where vaccination rates are low — there’s a risk that you could see outbreaks with this new variant,” Gottlieb told CBS in an interview Sunday.

Condor Hospitality Trust Evaluating Strategic Alternatives – Quick Facts

Condor Hospitality Trust, Inc. (CDOR), a hotel-focused real estate investment trust (REIT), announced Monday that its board of directors is evaluating strategic alternatives to enhance shareholder value.

The Company has engaged the firm of Hodges Ward Elliott to market for sale the 15 hotels portfolio owned by the company.

Although the Company expects significant interest in the marketing initiative, there can be no assurance that a transaction will occur at the conclusion of the process.

The Company may engage additional brokers and financial advisors as it deems appropriate. There can be no assurances that the exploration of strategic alternatives will result in any transaction or, should the board of directors approve a transaction, no assurances of the value to the Company’s shareholders thereof.

Artis Real Estate To Sell GTA Industrial Portfolio For $750 Mln – Quick Facts

Artis Real Estate Investment Trust (AX.UN.TO) announced Monday that it has entered into an unconditional agreement to sell its Greater Toronto Area (GTA) industrial portfolio, comprising 28 properties totaling over 2.5 million square feet of leasable area located in the GTA for $750.0 million. The sale price represents a price per square foot of $297.

The sale price for the transaction exceeds the Artis’ most recently reported IFRS fair value of $550.7 million by 36.2%.

The transaction is expected to generate net proceeds of approximately $734 million that will be used to strengthen the REIT’s balance sheet and to provide liquidity and flexibility to execute the REIT’s previously announced strategy.

The transaction is the result of an internally managed, formal and extensive sale process. The transaction, subject to routine Competition Bureau approval, is expected to close in the third quarter of 2021.

IAA Acquires Entirety Of The Assets Of Marisat For Undisclosed Terms – Quick Facts

IAA, Inc. (IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announced Monday that it has acquired the entirety of the assets of Marisat, Inc. d/b/a Auto Exchange, a provider of personal service and security in the salvage recovery industry, effectively taking over the business operations of Auto Exchange.

IAA will operate the business of Auto Exchange going forward. Financial terms of the transaction were not disclosed.

Founded in 1979, Auto Exchange is a highly respected, regional salvage industry leader in New Jersey.

The acquisition will leverage existing assets to expand IAA’s physical presence in New Jersey and allow IAA to further serve the growing needs of the market and clients in the area.

IAA is a leading global digital marketplace connecting vehicle buyers and sellers.

What Is Driving JinkoSolar Holding?

Shares of JinkoSolar Holding Co., Ltd. (JKS) are gaining over 5% on Monday morning after the company announced plans to invest RMB315 million in Inner Mongolia Xinte Silicon Materials Co., Ltd.

JKS is currently trading at $41.41, up $2.06 or 5.24%, on the NYSE. The stock has traded between $15.27 and $90.20 in the 52-week period.

JinkoSolar, announced its holding subsidiary, Shangrao JinkoSolar Industry Development Co., Ltd. plans to invest RMB315 million of monetary capital to increase capital and shares in Inner Mongolia Xinte Silicon Materials, a wholly-owned subsidiary of Xinte Energy Co., Ltd.

The investment will be used for the construction of a polysilicon production line with an annual capacity of 100,000 tons. After the capital increase is completed, the company will hold a 9.00% stake in Inner Mongolia Xinte.