EPA Unwinds Massive Biden-Era Auto Emissions Regulations That Had 2027 Deadline Authored by Naveen Athrappully via The Epoch Times (Emphasis ours), The Environmental Protection Agency (EPA) has proposed a deregulatory action to delay compliance deadlines for Biden-era emission standards, in a bid to make vehicles more affordable for Americans while ensuring greater consumer choice, the agency said...
EPA Unwinds Massive Biden-Era Auto Emissions Regulations That Had 2027 Deadline Authored by Naveen Athrappully via The Epoch Times (Emphasis ours), The Environmental Protection Agency (EPA) has proposed a deregulatory action to delay compliance deadlines for Biden-era emission standards, in a bid to make vehicles more affordable for Americans while ensuring greater consumer choice, the agency said in a May 14 statement. Ford Motor Company's electric F-150 Lightning on the production line at their Rouge Electric Vehicle Center in Dearborn, Mich., on Sept. 8, 2022. Jeff Kowalsky/AFP via Getty Images In March 2024, the Biden-administered EPA issued new rules regarding tailpipe emissions applicable to light-duty and medium-duty vehicles for model years 2027 and beyond. The regulations sought to “significantly reduce” greenhouse gas emissions, nitrogen oxides, particulate matter, and hydrocarbons from new light trucks, passenger cars, and larger pickups and vans. The changes were projected to help tackle what the Biden-era EPA called “climate crisis” and reduce air pollution after the agency set limits on gas emissions. For instance, in passenger cars, the greenhouse gas emission limit was set at 139 grams of carbon dioxide per mile, which should reduce to 73 grams by 2032. These regulations were expected to bring down carbon dioxide emissions by 7.2 billion tons through 2055, with the EPA saying there would be almost $100 billion in annual net benefits to American citizens, including $62 billion in lower fuel costs and maintenance costs, and $13 billion in public health benefits due to better air quality. At the time, the EPA said that the emission standards were expected to “accelerate the transition to clean vehicle technologies.” Between model years 2030–2032, around 30–56 percent of new light-duty vehicles and roughly 20–32 percent of new medium-duty vehicles were projected to be battery-electric vehicles, the document said. In its May 14 statement, EPA said it was ...
Richard Drury President Donald Trump said rising inflation linked to the Iran conflict has complicated the outlook for U.S. interest rate cuts, despite his long-running push for lower borrowing costs and repeated criticism of Federal Reserve Chair Jerome Powell. In an interview with Fortune, Trump said inflation data could not be fully assessed until the conflict in the Middle East stabilizes. “Yo...
Richard Drury President Donald Trump said rising inflation linked to the Iran conflict has complicated the outlook for U.S. interest rate cuts, despite his long-running push for lower borrowing costs and repeated criticism of Federal Reserve Chair Jerome Powell. In an interview with Fortune, Trump said inflation data could not be fully assessed until the conflict in the Middle East stabilizes. “You can’t really look at the figures until the war is over,” Trump said, referring to the impact of rising oil prices tied to the Iran conflict. The comments mark a more measured tone from Trump, who for years publicly pressured the Federal Reserve to cut rates more aggressively. During Powell’s tenure, Trump repeatedly accused the Fed of reacting too slowly to economic conditions and often referred to the central bank chief as “too late” for failing to ease policy sooner. Powell’s term has ended, though he remains in the role on an interim basis until Trump nominee Kevin Warsh formally takes over as Fed chair. Trump indicated in the Fortune interview that Warsh broadly shares his preference for lower interest rates and looser monetary policy. Trump has argued that lower borrowing costs are essential both for economic growth and for easing pressure from the country’s mounting debt burden. In the interview, he said the U.S. spends roughly $3B per day servicing its $38T debt load at current rates. Still, the president acknowledged that higher energy prices and supply disruptions tied to tensions around the Strait of Hormuz have complicated the inflation outlook, potentially delaying the case for additional rate cuts in the near term. Prediction markets have also shifted toward a higher-for-longer outlook. Contracts on Kalshi and Polymarket recently implied roughly a 65% to 70% probability that the Federal Reserve will not cut interest rates this year, reflecting investor concerns that inflation could remain elevated. Dear readers: We recognize that politics often intersects wit...
Startup has declined to release Claude Mythos AI model publicly amid fears it could be used by hackers Business live – latest updates Anthropic is to brief the global finance watchdog on the implications of its Claude Mythos AI model, whose potential threat to cyber defences has alarmed experts. The US startup will discuss Mythos with the Financial Stability Board, which is chaired by the governor...
Startup has declined to release Claude Mythos AI model publicly amid fears it could be used by hackers Business live – latest updates Anthropic is to brief the global finance watchdog on the implications of its Claude Mythos AI model, whose potential threat to cyber defences has alarmed experts. The US startup will discuss Mythos with the Financial Stability Board, which is chaired by the governor of the Bank of England, Andrew Bailey. Continue reading...
TOYO press release ( TOYO ): Q1 GAAP EPS of $0.75 beats by $0.03 . Revenue of $142.8M (+177% Y/Y) misses by $60.1M . Net income of $28.4 million, compared to a net loss of $3.7 million in Q1 2025 EBITDA (Non-GAAP) of $48.1 million, compared to EBITDA of $2.4 million in Q1 2025 Adjusted EBITDA (Non-GAAP) of $48.3 million, compared to adjusted EBITDA $2.8 million in Q1 2025 Reaffirmed guidance. More...
TOYO press release ( TOYO ): Q1 GAAP EPS of $0.75 beats by $0.03 . Revenue of $142.8M (+177% Y/Y) misses by $60.1M . Net income of $28.4 million, compared to a net loss of $3.7 million in Q1 2025 EBITDA (Non-GAAP) of $48.1 million, compared to EBITDA of $2.4 million in Q1 2025 Adjusted EBITDA (Non-GAAP) of $48.3 million, compared to adjusted EBITDA $2.8 million in Q1 2025 Reaffirmed guidance. More on TOYO TOYO: Strong Execution Meets Rising Risk Layers (Rating Downgrade) TOYO Co., Ltd. (TOYO) Q4 2025 Earnings Call Transcript TOYO Non-GAAP EPS of $1.48, revenue of $427.4M beats by $28.5M Quant snapshot: J. Jill, AngioDynamics leads strong buys as INmune Bio, Terrestrial Energy lag Seeking Alpha’s Quant Rating on TOYO
Indigo Division Anglo American ( AAUKF ) ( NGLOY ) said Monday it agreed to sell its portfolio of steelmaking coal mines in Australia to U.K.-based miner Dhilmar Ltd. for as much as US$3.875B in cash, part of its plan to divest or spin off non-core assets and cut debt ahead of completing its planned merger with Teck Resources. The deal with Dhilmar comprises a US$2.3B upfront cash payment and up ...
Indigo Division Anglo American ( AAUKF ) ( NGLOY ) said Monday it agreed to sell its portfolio of steelmaking coal mines in Australia to U.K.-based miner Dhilmar Ltd. for as much as US$3.875B in cash, part of its plan to divest or spin off non-core assets and cut debt ahead of completing its planned merger with Teck Resources. The deal with Dhilmar comprises a US$2.3B upfront cash payment and up to US$1.575B in price-linked payments over five years after the deal is completed. The assets sold include the Moranbah North underground mine in Queensland, which was shut down after a fire in March last year and had caused Peabody Energy to withdraw its own ~$3.8B bid for Anglo's ( AAUKF ) ( NGLOY ) Australian coking coal assets after the two companies failed to agree on lowering the price following the fire. Combined with the prior completion of the sale of its interest in the Jellinbah mine for ~US$1B, the latest deal completes Anglo's ( AAUKF ) ( NGLOY ) exit from steelmaking coal, delivering aggregate cash proceeds of up to US$4.9B. More on Anglo American Anglo American: Solid Q1 Reinforces Copper-Led Re-Rating Story Anglo American Q4 2025 Earnings Call Transcript Anglo American Q4 2025 Earnings Call Presentation
BGN added two more senior oil traders to its roster, the latest in a series of industry veterans to join the commodity merchant. Harry Thwaites, whose previous employers include Hartree Partners, Trafigura Group and Litasco, joined earlier in May as head of fuel, feedstock and marine fuels, based in Singapore, a company spokesperson said via email. Meanwhile, Roberto Perez , who has held trading r...
BGN added two more senior oil traders to its roster, the latest in a series of industry veterans to join the commodity merchant. Harry Thwaites, whose previous employers include Hartree Partners, Trafigura Group and Litasco, joined earlier in May as head of fuel, feedstock and marine fuels, based in Singapore, a company spokesperson said via email. Meanwhile, Roberto Perez , who has held trading roles at the likes of PetroChina Co. and Chevron Corp., joined last month as a senior trader of crude oil for the Americas, based in Houston. BGN is prioritizing growing its business in the US, and is building out its team across renewables, crude and oil products, the spokesperson said. The hires are the latest in a slew of experienced traders to join BGN, which moves about 50 million tons of commodities a year, according to its website. The firm recently closed a $450 million syndicated finance facility for liquefied petroleum gas, and signed a metals supply contract with France’s Electro Mobility Materials Europe. Read More: Swiss Energy Trader BGN Looks to Expand With US LNG Supply Talks “Since January 2026, we have added senior expertise to all our global trading hubs,” said Wael Amer, the firm’s group chief operating officer. “We are on track to deliver our growth ambitions to diversify BGN’s trading portfolio through new markets and strategic investments.”
US President Donald Trump expressed frustration with Iran and told it the "clock is ticking," hours after drones targeted a nuclear power plant in the United Arab Emirates. The fresh threats helped push up oil prices further on Monday. Earlier on Sunday, a drone sparked a fire in a power station at the United Arab Emirates' Barakah nuclear plant, underscoring the fragility of the truce. Bloomberg'...
US President Donald Trump expressed frustration with Iran and told it the "clock is ticking," hours after drones targeted a nuclear power plant in the United Arab Emirates. The fresh threats helped push up oil prices further on Monday. Earlier on Sunday, a drone sparked a fire in a power station at the United Arab Emirates' Barakah nuclear plant, underscoring the fragility of the truce. Bloomberg's Joumanna Bercetche joined Caroline Hepker and Tiwa Adebayo to discuss (Source: Bloomberg)
Welcome to our guide to the commodities driving the global economy. Today, reporter Dan Murtaugh looks at how the Iran war has shifted the balance in gas-pipeline talks between Russia and China. For the first time in years, Russian President Vladimir Putin will visit Beijing with the realistic prospect of making progress on his country’s flagship gas pipeline project. Unfortunately for the Kremlin...
Welcome to our guide to the commodities driving the global economy. Today, reporter Dan Murtaugh looks at how the Iran war has shifted the balance in gas-pipeline talks between Russia and China. For the first time in years, Russian President Vladimir Putin will visit Beijing with the realistic prospect of making progress on his country’s flagship gas pipeline project. Unfortunately for the Kremlin, the decision on when — and how — to proceed with the Power of Siberia 2 still rests with Beijing. The Iran war has helped Putin’s case. China has worried about energy security for decades and remains the world’s top oil importer. The events of the last three months have shown that obsession is justified. The closure of the Strait of Hormuz has cut off nearly a fifth of global liquefied natural gas, and China’s imports have plummeted. Even when the strait reopens, newfound questions around control of the passage have eroded the reliability of the Persian Gulf as a supplier. A direct, steel-and-concrete land link to Russia suddenly looks more attractive. This gives Putin more leverage than he’s had in a long time, and some of that is already visible. While announcements around the project over the years tended come from Russia and Gazprom PJSC, China has now folded progress on the pipeline into its latest five-year plan, which runs through 2030. But that doesn’t mean Russia has a clear run at an agreement, with key issues still up for negotiation. China wants to buy gas at low prices and only when needed — meaning the pipeline may actually be half-empty at times. Russia wants guaranteed sales to help defray construction costs. Why does China have the edge, even with all the disruption in global gas markets? Firstly, its need for gas is limited thanks to domestic coal reserves and a fast-growing clean energy sector. Drillers like Cnooc Ltd. have also given it more confidence that domestic supply can keep rising. Finally, it also has other potential sources of imports, such a...