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• EU approves €40m funding for Germany’s first onshore LNG terminal
  The European Commission has approved a €40m ($44.14m) support measure for the...

  The European Commission has approved a €40m ($44.14m) support measure for the construction and operation of Germany’s first onshore liquefied natural gas (LNG) terminal in Brunsbüttel.

  
  According to the European Commission, the funding will contribute to the security and diversification of energy supplies in Germany in a bid to help end dependence on Russian fossil fuels, in line with the bloc’s REPowerEU Plan. “The new LNG terminal in Brunsbüttel will improve gas supply and infrastructure in Germany,” EU State Aid Chief Margrethe Vestager said on Wednesday.
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• ☕️What Else is Brewing Friday Morning
  The European Central Bank took its cue from the Fed and raised interest rates to a 23-year high. Investors...
  The European Central Bank took its cue from the Fed and raised interest rates to a 23-year high. Investors think it could be the ECB’s last rate hike this cycle.
  
  The Mountain Valley Pipeline, a natural gas pipeline in the mid-Atlantic, was given the green light to proceed by the Supreme Court. It’s a controversial project that was a bargaining chip during debt-ceiling discussions.
  
  Bud Light parent Anheuser-Busch said it will lay off about 350 employees amid a rough stretch for the brand.
  
  Hundreds of thousands of Americans have developed an allergy to red meat because of a syndrome sparked by tick bites, according to new research from the CDC.
  
  Ukrainian fencer Olga Kharlan was disqualified from the world championships for refusing to shake her Russian competitor’s hand following a match that Kharlan won.
  
  
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• Stat: Welp—cheap gas prices were fun while they lasted
  The average price for a gallon in the US rose to an ...
  The average price for a gallon in the US rose to an eight-month high yesterday of $3.71, per AAA. While that’s far below last summer’s peak of $5.02 per gallon, gas prices have been creeping up due to refineries going offline unexpectedly and higher demand for oil at a time when supply isn’t there to meet it. Bloomberg Opinion’s oil guru, Javier Blas, notes that global oil consumption has likely reached a record high.
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• It’s not going to get better soon
  Forty percent of the US population was under a heat advisory yesterday as dangerous temps move East and...
  Forty percent of the US population was under a heat advisory yesterday as dangerous temps move East and roast the heavily populated I-95 corridor (hello from sweaty Brew HQ). Phoenix, AZ, can sympathize: Wednesday marked the 27th day in a row that temps reached 110 degrees.
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• Other industries are also adjusting to the record heat
  In the fragile airline industry, which is already juggling huge demand and worker shortages, the heat...
  In the fragile airline industry, which is already juggling huge demand and worker shortages, the heat is disrupting operations even further:
  

  
  
  • Warm air is less dense and requires planes to have longer runways and lighter weight to lift off, which can cause delays.
  
  
  • Workers on the tarmac need more frequent breaks from slinging away suitcases.
  
  
  • It’s difficult to cool down a plane once it’s been disconnected from cooling units at the gate. Left idling, an aircraft’s cabin temperature can reach a dangerous level—such was the case with a Delta flight last week in Las Vegas. The airline is under investigation for leaving passengers on the tarmac in a sweltering plane without A/C for hours.
  
  
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