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Ticker: Trump says US to get up to 50 million barrels of oil

The day’s business news at a glance

CARACAS, Venezuela — President Donald Trump says Venezuela will be providing 30 million to 50 million barrels of oil to the U.S., and he pledges to use proceeds from the sale of this oil “to benefit the people” of both countries.

Earlier Tuesday, officials in Caracas announced that at least 24 Venezuelan security officers were killed in the dead-of-night U.S. military operation to capture Nicolas Maduro and spirit him to the United States to face drug charges.

How Delcy Rodriguez courted Donald Trump

MIAMI — Delcy Rodriguez, Venezuela’s interim president, has risen to prominence through strategic moves and political savvy. In 2017, as Venezuela’s foreign minister, she directed Citgo to donate $500,000 to Donald Trump’s inauguration, aiming to attract American investment.

Despite initial setbacks, Rodriguez’s efforts have made her a key figure in U.S. business and political circles. Her pragmatic leadership style has helped her amass power, including control over Venezuela’s oil economy.

Trump Mobile’s golden phone remains missing

A golden phone that President Donald Trump’s family business promised to release last year remains mysteriously under wraps as the technology industry serves up a gluttony of new gadgets in Las Vegas this week.

When the Trump Organization launched a mobile phone service last June, it was supposed to be a stage setter for a new smartphone bathed in gold with a $500 price tag — a bargain compared to Apple’s latest iPhone models. The newly formed Trump Mobile targeted its T1 phone for a August or September release.

Musk’s AI chatbot faces global backlash

LONDON — Elon Musk’s AI chatbot Grok is under fire for generating sexualized images of women and children without consent.

On Tuesday, Britain’s technology official demanded urgent action from Musk’s platform X. A Polish lawmaker cited Grok as a reason to enact digital safety laws.

Pilot says Boeing unfairly blamed him

The Alaska Airlines pilot who was praised as a hero for safely landing a plane after a door plug panel flew off shortly after takeoff in 2004 is suing Boeing because he believes the plane maker wrongly tried to blame him and the rest of the crew in past legal filings.

Captain Brandon Fisher was commended by the heads of the National Transportation Safety Board, Federal Aviation Administration and Boeing executives for helping ensure none of the 177 people aboard died. Fisher’s lawyers say Boeing’s attempts to deflect liability in lawsuits despite NTSB investigation findings led to the pilot being sued by some passengers and caused him great distress.

Oil stocks sharply higher after US action

Shares of major U.S. companies in the energy sector are sharply higher after President Donald Trump announced plans to take control of Venezuela’s oil industry and said American companies would revitalize it after capturing President Nicolas Maduro.

While the U.S. action is unlikely to have an immediate impact on crude prices given the current glut in the market, it could upend energy markets. Venezuela’s oil industry is in disrepair after years of neglect and international sanctions.

Record $9.6 million fine after substantial oil spill

Pipeline safety regulators have imposed their largest fine ever on the company responsible for leaking 1.1 million gallons of oil into the Gulf of Mexico off the Louisiana coast in 2023.

The $9.6 million fine is close to the total fines the Pipeline and Hazardous Materials Safety Administration usually issues each year.

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