The world’s growing appetite for 5G phones and other high-performance technology will mean more demand for semiconductors, according to Wells Fargo. Benzinga does not provide investment advice. Two tribes — the Red Lake and White Earth Bands of Chippewa — asked the PUC last week to stay its approval of the project, saying the influx of construction workers would put residents along the route at higher risk of COVID-19. The content is intended to be used for informational purposes only. Traders waiting for a better moment to get into bank stocks may have gotten one.What Happened: The U.S. Federal Reserve Board released a statement after markets closed on Friday that clears the way for major banks to restart share repurchases.The decision was part of the Fed's stress-testing of banks amid the economic uncertainty of the pandemic. Erratic week for Enbridge as Michigan terminates pipeline permit but Minnesota approves Line 3 Emma Graney Energy reporter Published November 13, 2020 Updated November 13, 2020 The replacement segments in Canada , North Dakota and Wisconsin are already complete, leaving only the 337-mile (542-kilometer) stretch in Minnesota . MINNEAPOLIS — Enbridge Energy began construction on its Line 3 crude oil pipeline replacement in Minnesota on Tuesday, a day after state regulators approved the final permit for the $2.6 billion project amid legal challenges from local activist and Indigenous groups.Spokeswoman Juli Kellner said Enbridge began construction in several locations around the state in the morning. Line 3 begins in Alberta, Canada, and clips a corner of North Dakota before crossing Minnesota on its way to Enbridge’s terminal in Superior, Wisconsin. The company serves about 89 million regular and 4 million prepaid customers. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. A reader recently wrote to challenge my belief in diversification, citing a couple of accomplished investors who said, in effect, that anybody who diversifies an investment portfolio must be an idiot or a moron. Disruptions in supply chains, distributions networks, and customer orders have all had a negative impact, as have social and economic shutdown policies. Our core businesses include Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America; Gas Transmission and Midstream, which transports approximately 20 percent of the natural gas consumed in the U.S.; and Utilities and Power Operations, which serves approximately 3.7 million retail customers in Ontario and Quebec, and generates approximately 1,750 MW of net renewable power in North America and Europe. MINNEAPOLIS (WCCO) — The Hubbard County Sheriff’s Office reports that a number of people protesting the Enbridge Energy Line 3 pipeline trespassed on property owned by Enbridge … (AP Photo/Steve Karnowski) MINNEAPOLIS (AP) — Enbridge Energy began construction on its Line 3 crude oil pipeline replacement in Minnesota on Tuesday, a day after state regulators approved the final permit for the $2.6 billion project amid legal challenges from … Among the respondents, 62% told us Verizon will grow more over the next year, while 38% believe AT&T will experience greater gains by the end of 2022.This survey was conducted by Benzinga in December 2020 and included the responses of a diverse population of adults 18 or older.Opting into the survey was completely voluntary, with no incentives offered to potential respondents. Line 3 — which runs from Alberta across North Dakota and Minnesota to Enbridge’s terminal in Superior, Wisconsin — was built in the 1960s, but it’s deteriorating and can run at only about half its original capacity. Altogether Enbridge expects to spend $2.9 billion on the U.S. portion. See more from Benzinga * Click here for options trades from Benzinga * Will GE's Stock Reach By 2022? Allegheny has two business segments: High Performance Materials & Components, which specializes in titanium-based and nickel-based alloys, and Advanced Alloys & Solutions, which includes stainless and specialty steels, electrical steels, duplex alloys, and zirconium, hafnium, and niobium alloys. All rights reserved. Kellner said Enbridge has enacted strict guidelines to guard against spread of the coronavirus, including testing workers regularly and repeatedly, requiring mask-wearing and social distancing and sanitizing work areas regularly. All rights reserved. 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