House Democrats unveil Cheap Energy Act amid rising prices
House Democrats are shifting their energy strategy with the Cheap Energy...
House Democrats are shifting their energy strategy with the Cheap Energy Act, a new legislative package that focuses on affordability amid rising power prices. The bill proposes restoring tax credits for wind and solar, encouraging power line development and overhauling utility regulation to prioritize consumer savings. It also includes funding to address equipment shortages and support for community solar and weatherization.
The United Nations is set to reimpose sanctions on Iran today over alleged violations of a 2015 nuclear deal. The move follows unsuccessful negotiations between European and Iranian leaders. The UN Security Council yesterday rejected a last-minute resolution from Russia and China seeking to delay the penalties—including asset freezes and travel bans—by six months.
Satellite imagery suggests Iran conducted an undeclared missile test last week at Imam Khomeini Spaceport, about 145 miles southeast of Tehran. While Iran has not confirmed the launch, one Iranian lawmaker claimed—without evidence—that Tehran tested a potential intercontinental ballistic missile. Such missiles typically have ranges exceeding 3,415 miles, placing at least all of Europe within reach.
The suspected test comes as Iran also repairs missile sites struck by Israeli forces in June, following accusations that Iran was enriching near-weapons-grade uranium in violation of the 2015 deal (see report). Iran suspended cooperation with the UN’s nuclear watchdog in response to the strikes, in part triggering today's reimposition of sanctions.
Prediction market moves: Ryder Cup tees off.Which 12 golfers will raise the gold trophy? Going into the Ryder Cup, the US was favored to win with a 60% chance. As of Friday evening, the odds flipped, and now Europe is favored to take the title with their current odds on prediction market Kalshi. See what the market’s saying.
Boeing will be allowed to certify 737 Max and 787 Dreamliner planes as airworthy before they are delivered to customers, after the FAA eased restrictions that were placed on the manufacturer for years over safety concerns.
Former prominent banker Howard Rubin was arrested on sex trafficking charges. He was previously found liable for sex trafficking in a 2022 civil case and ordered to pay the women who brought the suit $3.85 million.
Accenture, which has laid off 11,000 people in recent months, told staff they’d be asked to leave if they could not be “reskilled” to use AI.
Famous comedians, including Kevin Hart, Pete Davidson, and Bill Burr, are facing criticism from fellow comics for agreeing to participate in the Riyadh Comedy Festival, which Human Rights Watch accused of whitewashing Saudi Arabia’s human rights abuses.
Enverus: Rising breakevens threaten US shale dominance
Breakevens in the US shale patch could climb from roughly $70 per barrel...
Breakevens in the US shale patch could climb from roughly $70 per barrel today to as much as $95 per barrel by the mid-2030s as prime acreage runs out, according to a new analysis by Enverus Intelligence Research. This shift is expected to flatten growth curves and diminish the nation's ability to meet global demand.