FLASH NEWS
Vale $VALE Brazil has accepted a settlement of 170 billion reais (about $29.9 billion) for the 2015 environmental disaster caused by Vale SA and BHP Group's iron ore mining joint venture.

Intel $INTC Intel said Friday it will invest more than $28 billion to build two new chip factories in Licking County, Ohio. The initial phase of the project is expected to create 3,000 jobs for Intel.

Eni S.p.A. $E Eni has announced that it will increase its annual share buyback program to 2 billion euros, well above its original plan for this year.

Interesting news on traditional industries making significant investments. Reminds me of the parallels between industrial megaprojects and the scope of DeFi projects, like Terra's $10 billion LUNA token burn.