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• Kansas Fed: Midwest oil, gas downturn persists in Q1
  The Federal Reserve Bank of Kansas City's first-quarter energy survey...
  The Federal Reserve Bank of Kansas City's first-quarter energy survey found that drilling and business activity in Oklahoma, Colorado and northern New Mexico declined for a fifth consecutive quarter, with expectations of further slowdown over the next six months. Survey respondents believe industry consolidation will temper production growth even with West Texas Intermediate prices well above the $65 per barrel threshold for profitable drilling.
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• Panama announces land-based route to beat canal drought
  Authorities in Panama are working on a workaround to keep goods flowing...
  Authorities in Panama are working on a workaround to keep goods flowing between the Pacific and Atlantic oceans through the Panama Canal after restrictions on traffic were imposed in response to recent drought conditions. The so-called Multimodal Dry Canal project uses existing transportation infrastructure such as roads to create a land-based alternative to the canal in a bid to reduce congestion
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• EPA: Emissions jumped in 2022, but progress visible
  Greenhouse gas emissions in the US jumped by 1.3% in 2022 compared to...
  Greenhouse gas emissions in the US jumped by 1.3% in 2022 compared to 2021, but they're still down nearly 17% from 2005 levels, reports the Environmental Protection Agency. Most emissions came from the transportation sector, but power systems were a close second, accounting for 24.9% of all emissions.
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• The FBI is investigating the Key Bridge collapse
  The bureau is looking into whether the crew of the Dali knew the cargo...
  The bureau is looking into whether the crew of the Dali knew the cargo ship was experiencing system problems before it left port, the Washington Post reported. On March 26, the ship lost power and collided with the iconic Baltimore bridge, destroying it and killing six construction workers. Baltimore Mayor Brandon Scott also announced yesterday that the city hired two law firms to “hold the wrongdoers responsible.” The National Transportation Safety Board is also investigating the cause of the incident, reportedly focusing on the ship’s electrical issues.
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• ☕️What Else is Brewing Tuesday Morning
  Tesla is cutting more than 10% of its global workforce. CEO...
  Tesla is cutting more than 10% of its global workforce. CEO Elon Musk announced the layoffs in an internal memo seen by Bloomberg. Hurt by cooling demand for electric vehicles and mounting miscues, the automaker badly missed expectations for deliveries last quarter—its first decline since 2020. But that’s not all: Two senior executives are leaving Tesla, and the company is halting deliveries of its new Cybertruck due to an “unexpected delay.” A Cybertruck owner went viral over the weekend for detailing how his car’s accelerator pedal cover came loose and jammed the accelerator in the full-throttle position.
  
  Caitlin Clark was selected as the first overall pick in the WNBA draft by the Indiana Fever.
  
  Retail sales smashed forecasts in March, showing that consumer spending remains strong despite inflation.
  
  Beijing half marathon organizers are investigating allegations that runners from Kenya and Ethiopia intentionally allowed China’s He Jie to win.
  
  Donald Trump’s criminal hush money trial began yesterday with jury selection.
  
  LA’s 101 freeway will be closed in some places for several weeks while the city builds “the world’s largest wildlife crossing.”
  
  David Chang apologized and said he and his culinary brand Momofuku will no longer try to trademark the term “chili crunch” after widespread backlash.
  
  
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