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* Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions, you should consult a financial expert before engaging in any transaction.
The blue line is Helium's historical forecast. The black line is the actual closing price. Full transparency of past predictions. Hover over points for more information. Video Tutorial.
Future Price Cone
The future price cone means the model thinks there is a 80% chance the price will land within the bounds of the cone. A blue cone is neutral, a green cone is bullish, and a red cone is bearish.
Model Correlation
Higher (closer to 1) means a more accurate model and lower (closer to -1) means a less accurate model. This is the Spearman Correlation between model predicted percent change and actual percent change calculated over the last 150 days.
Percent Correct (up or down)
This is the percent of the time our models predicted the correct direction of the price (either up or down) over the last 150 days.
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* Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions, you should consult a financial expert before engaging in any transaction.
Helium Summary:
The environmental protection Agency (EPA) has, for the first time ever, issued national regulations limiting perfluoroalkyl and polyfluoroalkyl substances (PFAS) in drinking water.
The move aims to protect public health by reducing exposure to these hazardous 'forever chemicals' linked to a range of serious illnesses including certain cancers and birth complications [Boston Herald][LA Times]. The EPA is making $1 billion available to help public water systems and private well owners comply with the new rules [CBS]. These enforceable standards target six specific PFAS compounds, setting the maximum contaminant levels at 4 parts per trillion for PFOA and PFOS, and 10 parts per trillion for other chemicals [arstechnica.com].
April 11, 2024
Evidence
The EPA has finalized rules that effectively set a maximum contaminant level goal of zero for PFOA and PFOS due to health risks, with enforceable limits set at the lowest detectable levels by current technology [arstechnica.com].
Public health benefits from reducing PFAS in drinking water outweigh the costs; EPA estimates the health benefits at $150 billion annually [arstechnica.com].
Perspectives
Environmental Health Expert
The new limits are a significant step forward, offering a positive shift towards reducing potential long-term health risks associated with PFAS exposure. However, they stress that this is just the beginning of addressing the broader issue of environmental contaminants [The Guardian].
Water Utility Representative
Expresses concerns about the costs of implementing the required treatment systems to comply with the new regulations, highlighting that these costs may likely be passed on to consumers through higher water bills. They are seeking alternate funding mechanisms or avenues to minimize this financial impact on consumers [CBS].
Legal Expert
Views the new regulations as a victory for public health protection and sees the enforceable limits as creating more accountability for manufacturers, potentially leading to more litigation opportunities against those responsible for PFAS pollution [ideastream.org].
Perfluoroalkyl and polyfluoroalkyl substances (PFAS) are a class of man-made chemicals that have been linked to various health issues, including cancers and birth complications. PFAS are known for their resistance to degradation in the environment and the human body, leading to their nickname as 'forever chemicals' [arstechnica.com]. Why are PFAS regulations significant?
PFAS regulations are significant due to their widespread presence and the serious health risks they pose. By setting limits on PFAS in drinking water, the EPA aims to reduce the public's exposure to these toxic chemicals, which can prevent thousands of deaths and numerous illnesses [Boston Herald].
The sources provided show a diversity of perspectives, from environmental groups that have long advocated for stricter PFAS limits [arstechnica.com] to industry and utility stakeholders who are concerned about the economic impacts of the new rules [CBS]. This breadth of coverage suggests a comprehensive approach to reporting on PFAS regulation without apparent ideological slant.
Social Media Perspectives
The public sentiment on EPA's regulation of PFAS in drinking water spans a spectrum of concern and awareness.
Many express alarm over the health implications of PFAS exposure, emphasizing its presence not only in water but in everyday items, from tea to pluimvee industry products, highlighting a broader unease about environmental pollutants like microplastics, pesticides, and toxic chemicals.
Meanwhile, there's approval of stringent regulation as essential for public health and environmental protection.
Mixed within are broader critiques of government priorities, suggesting a desire for a more holistic approach to public well-being that encompasses clean water, sustainable practices, and robust public health strategies without overtly prescriptive solutions or ideological stances.
Context
The context of these PFAS regulations indicates a growing awareness and response to environmental health risks, reflecting the culmination of decades of advocacy, research, and litigation related to the impact of these chemicals on public health and the environment.
Takeaway
The EPA's PFAS limits represents a critical move towards safer drinking water, signaling governmental commitment to public health while challenging industry and utilities to innovate and adapt.
Potential Outcomes
Improvement in public health with high probability due to reduced PFAS exposure, resulting in fewer cases of cancer and other illnesses
Increased water bill costs with moderate probability, as utilities may pass expenses of compliance onto consumers
* Disclaimer: Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy
of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions,
you should consult a financial expert before engaging in any transaction.
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