EPA approves sale of higher-ethanol fuel
Business Ticker
The Environmental Protection Agency has announced it would allow gas stations to continue selling slightly cheaper E15 this summer in a move that may be good for drivers and corn growers but will likely contribute to air pollution.
The higher ethanol blend is usually limited to use in winter months. But the summer waiver for E15 has become commonplace in recent years, and both Republicans and Democrats have called for it to become year-round and permanent to lower prices at the pump. In some states it’s already allowed. But not all experts are convinced the move will substantially lower gas prices.
Supreme Court sides with Cox Communications
The Supreme Court has sided with internet service provider Cox Communications in its copyright fight with record labels over illegal music downloads by Cox customers.
The justices ruled unanimously Wednesday that Cox bears no liability for the copyright violations of its customers. Cox was accused of not doing enough to deter or cut off customers who downloaded music they didn’t pay for. The music companies are disappointed by the ruling and say there was” overwhelming evidence” that Cox “knowingly facilitated theft.” Cox is praising the court for affirming that internet service providers “are not copyright police.”
Melania Trump shares the spotlight with a robot
Melania Trump often commands the attention of any room she enters, but on Wednesday, she shared the spotlight with a robot.
The humanoid robot Figure 03 accompanied the first lady on Wednesday as she arrived at the White House East Room for the second day of a summit she had convened with counterparts from around the world through her Fostering the Future Together global initiative. They have been discussing ways to empower children through education, innovation and the use of technology, including artificial intelligence. The robot thanked Melania Trump for the invitation to the White House.
Delcy Rodriguez pitches newly opened oil sector
Venezuela’s acting President Delcy Rodriguez is selling investors on a newly opened oil industry and looser U.S. sanctions. On Wednesday, she spoke by video to an investment summit in Miami Beach, Florida.
She said Venezuela now welcomes privatization and outside arbitration. She also said new laws protect investors even if politics have changed. She highlights the country’s huge oil reserves and low production costs. Royalties, taxes and investor dividends are all up for negotiation, Rodriguez added. Venezuela’s output collapsed for years amid corruption, mismanagement and sanctions. The U.S. Treasury has now allowed PDVSA to sell oil again to U.S. firms and global buyers.
Americans: US military action has gone too far
A new AP-NORC poll finds most Americans believe recent military action against Iran has gone too far and many are worried about affording gasoline.
As the war launched by the U.S. and Israel continues in its fourth week, the survey indicates that while President Donald Trump’s approval rating is holding steady, the conflict could be turning into a major political liability for his Republican administration. About 59% of Americans say U.S. military action has been excessive. Meanwhile, 45% are “extremely” or “very” concerned about affording gas in the next few months, up from 30% shortly before Trump took office. However, there’s significant support for Trump’s objective of preventing Iran from obtaining a nuclear weapon.

