The News US Interior Secretary Doug Burgum on Thursday said US oil and gas companies are open to some ideas, on a temporary basis, to help cut red tape and ultimately produce more oil. Speaking at Semafor World Economy in Washington, DC, Burgum disclosed that he and Energy Secretary Chris ...
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US loses ‘regenerative capacity’ without foreign talent, biotech CEO saysUS loses ‘regenerative capacity’ without foreign talent, biotech CEO says
Restricting the ability to bring in the best foreign talent will hinder companies’ growth and in turn the US economy, the head of US biotech company, Flagship Pioneering, said at Semafor World Economy in Washington, DC. People who immigrated to the US did so because it is the best place ...
EPA chief says Congress needs to act on ‘forever chemicals’EPA chief says Congress needs to act on ‘forever chemicals’
The News EPA Administrator Lee Zeldin on Thursday urged supporters of MAHA — Make America Healthy Again — to work with Congress on issues such as PFAS, the so-called forever chemicals found in drinking water. At Semafor World Economy in Washington, DC, Zeldin said current regulatory authority on PFAS, or ...
Exelon CEO says rising energy costs can be addressed with easier rulesExelon CEO says rising energy costs can be addressed with easier rules
The News The rising costs of electricity and the insatiable demand for power will require new plants and technologies, as well as the easing of rules such as permitting reform, Exelon CEO Calvin Butler said Thursday. “It’s supply and demand. We have inadequate supply to meet this rising demand, and ...
Trump says Israel, Lebanon agree to 10-day ceasefireTrump says Israel, Lebanon agree to 10-day ceasefire
US President Donald Trump said Israel and Lebanon had agreed to a 10-day ceasefire that will come into effect Thursday. Trump said he had spoken to Israeli Prime Minister Benjamin Netanyahu and Lebanon’s President Joseph Aoun, and that he would be inviting both to the White House for “meaningful talks,” ...
Seagate CEO sees ‘no limit’ to storage technology as streaming, AI beckonSeagate CEO sees ‘no limit’ to storage technology as streaming, AI beckon
The News Seagate CEO Dave Mosley said he sees no limit data storage technology amid a surge in innovation in disc drive capability. “There was a time 25 years ago when people talked about the super paramagnetic limit, and they came up with a number, and we blew right through ...
Europe ramps up defense spending, sparking NATO tensionEurope ramps up defense spending, sparking NATO tension
The European rearmament push is creating tension between the EU and NATO. Brussels is overhauling its defense industrial policy, stepping up production to meet both US demands for greater military spending and the threat from Russia. But NATO — where Washington plays a leading role — is skeptical of the ...
Musk pressures chipmakers to speed up $25B factoryMusk pressures chipmakers to speed up $25B factory
Elon Musk is pressuring suppliers to speed up his plans for a $25 billion semiconductor manufacturing plant in Texas. “Terafab” will be a joint project between Musk-owned businesses SpaceX, Tesla, and xAI to build AI-ready chips: Musk has argued that global chip production cannot meet demand, even if existing manufacturers ...
Mexico considers fracking to ease gas crunchMexico considers fracking to ease gas crunch
Mexican President Claudia Sheinbaum vowed to boost natural gas production, including via fracking, as she looks to reduce her country’s dependence on US imports and tame soaring fuel prices sparked by the Iran war. The move would mark a major reversal for the former climate scientist and her party; she ...
Live Nation and Ticketmaster lose monopoly caseLive Nation and Ticketmaster lose monopoly case
Live Nation and its subsidiary Ticketmaster maintained an illegal monopoly in the ticketing market, a US jury found. A lawsuit brought by several US states accused Live Nation of exploiting its dominance of both venues and promotions to overcharge fans by an average $1.72 a ticket. Live Nation sells about ...