Congress reached agreement on more than $100 billion in emergency relief funding for victims of a series of disasters, including hurricanes Helene and Milton and the Baltimore bridge collapse.
December 18, 2024Latest News Updates From Bloomberg News
Lawmakers Agree to More Than $100 Billion in Disaster Relief
Agriculture Industry Talks With Trump Team on Immigration
The U.S. agriculture industry has started talks with Donald Trump’s transition team in a bid to advocate for the food business as the president-elect pledges tariffs and mass deportations.
December 13, 2024Trump’s Push to Eliminate EV Tax Credits Hits Red States
President-elect Donald Trump’s vow to repeal subsidies for electric vehicles risks pushing Republican congressional allies into conflict with their home-district economic interests.
December 12, 2024Experts Call Trump’s Energy Tariff Plan ‘Hugely Destructive’
Charging 25% levies on oil and gas from Canada and Mexico would spike gasoline prices in the Midwest and raise electricity costs along both U.S. coasts.
December 12, 2024US Considers New Russia Oil Sanctions to Weaken Putin
The Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine.
December 11, 2024Hershey’s Main Owner Rejects Mondelez’s Offer as Too Low
The main owner of chocolate maker Hershey has rejected a preliminary takeover offer from Mondelez International Inc., people familiar with the matter said.
December 11, 2024Hershey Could Be More Open to Mondelez Takeover
Mondelez International’s latest overture to Hershey underscores the challenges posed by high cocoa prices and penny-pinching consumers, which could make the company more open to a deal.
December 11, 2024China Benefits as Europe’s Big Battery Ambitions Are Failing
Europe’s bid to build a homegrown battery industry to break China’s dominance in electric vehicles is failing.
December 10, 2024Trump’s Energy Nominee Chris Wright Champions Fossil Fuels
Liberty Energy CEO Chris Wright is President-elect Donald Trump's nominee to head the Department of Energy. He favors fossil fuels and has doubts about electric vehicles.
December 4, 2024OPEC+ Firms Up Deal for Three-Month Delay to Output Hike
OPEC+ is making progress toward an agreement to delay its oil-production revival by another three months, delegates said.
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