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• ☕️What Else is Brewing Wednesday Morning
  Huge earthquake rocks Taiwan. A 7.4 magnitude earthquake,...
  Huge earthquake rocks Taiwan. A 7.4 magnitude earthquake, Taiwan’s strongest in 25 years, struck the island early Wednesday, damaging dozens of buildings, roads, and bridges and killing at least seven people. Taiwan Semiconductor Manufacturing, the world’s top producer of advanced chips, evacuated some of its plants, but employees later returned to work. It was the most powerful earthquake to hit Taiwan since 1999, when a 7.7-magnitude quake killed more than 2,000 people.
  
  GE completed its three-way split, breaking its aerospace, energy, and healthcare businesses into three separate companies.
  
  Amazon is giving up on its cashierless “Just Walk Out” technology at its grocery stores.
  
  Germany is redesigning its Adidas national soccer team jerseys after claims that the number “44” resembled Nazi imagery.
  
  President Biden and China’s Xi Jinping reportedly had a phone chat about AI, Russia, fentanyl, and more in their first interaction since November.
  
  House Republicans introduced a bill to rename Washington, DC’s Dulles airport after Donald Trump.
  
  Joe Flaherty, the comedian and actor best known for his roles in SCTV, Freaks and Geeks, and Happy Gilmore, died at 82.
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• Bill to end new drilling by 2030 defeated in Colorado
  Colorado's Senate Agriculture...
  Colorado's Senate Agriculture and Natural Resources Committee has voted against a proposal to ban new oil and natural gas drilling by 2030, citing concerns about economic repercussions despite acknowledging climate change. The bill faced opposition from the oil and gas industry, as well as local and county governments.
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• US shale producers lean into the promise of small nuclear
  Small nuclear reactors are attracting interest from US shale companies...
  Small nuclear reactors are attracting interest from US shale companies as potential sources of clean, reliable power for Permian Basin drilling operations. Advanced nuclear startup Oklo has reached a preliminary agreement to supply its reactors to Diamondback Energy and is engaged in similar discussions with other industry players, according to CEO Jacob Dewitte.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for May delivery ...
  Benchmark U.S. crude oil for May delivery rose $1.44 to $85.15 per barrel Tuesday. Brent crude for June delivery rose $1.50 to $88.92 per barrel.
  
  Wholesale gasoline for May delivery rose 5 cents to $2.76 a gallon. May heating oil rose 8 cents to $2.71 a gallon. May natural gas rose 2 cents to $1.86 per 1,000 cubic feet.
  
  
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• U.S. stocks post worst day in a month, Treasury yields spike on rate-cut fears
  U.S. stocks finished lower in a volatile session on Tuesday, with the...
  U.S. stocks finished lower in a volatile session on Tuesday, with the three benchmark indexes suffering their worst day since early March after strong economic data and a rally in commodities spurred fears that the Federal Reserve may need to hold policy rates for longer than expected.
  
  The S&P 500 fell 37.96 points, or 0.7%, to end at 5,205.81.
  
  The Dow Jones Industrial Average was off 396.61 points, or 1%, to finish at 39,170.24. It was the largest one-day point and percentage decline since March 5, according to Dow Jones Market Data.
  
  The Nasdaq Composite slumped 156.38 points, or nearly 1%, ending at 16,240.45.
  
  Long-dated Treasury yields finished at their highest levels in more than four months on Tuesday. The yield on the 10-year Treasury rose 3.4 basis points to 4.363%, the highest since Nov. 27, based on 3 p.m. Eastern time figures from Dow Jones Market Data.
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