Delta Air lines is joining a growing list of U.S. carriers raising checked bag fees. The move announced Tuesday comes as higher fuel costs ripple through the airline industry.

Most Delta passengers on domestic and short-haul international routes will now pay $45 for the first checked bag and $55 for the second starting on Wednesday. That’s $10 more than before the Iran war started and disrupted global oil supplies. Delta says a third bag will now cost $200 — a $50 increase. United Airlines and JetBlue also raised fees last week. Jet fuel is refined from crude oil and typically ranks as the second-largest expense for airlines after labor.

Deere & Co. agrees to pay $99M to settle suit

Deere & Co. has agreed to pay $99 million as part of a settlement that would resolve a class action lawsuit accusing the farm equipment giant of monopolizing repair services.

The Moline, Illinois-based manufacturer, which does business under the John Deere brand, has faced a handful of “right to repair” complaints over the years. The deal announced Monday — which still needs final approval from the court — would settle a 2022 lawsuit that accused the company of withholding repair software and conspiring with authorized dealers to force farmers to use their services for repairs, when they could otherwise fix tractors and other equipment themselves or use independent alternatives.

Black-led nonprofits didn’t see funding boosts

New research reveals that financial gains for many Black-led nonprofits after George Floyd’s murder were short-lived. According to a study by Candid and ABFE, only a subset of large, Black-led nonprofits saw temporary funding increases. Smaller organizations saw no change.

New funders tended to finance Black-led nonprofits only for one year, foregoing more transformational relationships that sustain grant recipients’ longer-term goals. The pattern of disinvestment put many community groups at even more of a disadvantage when President Donald Trump’s policies curtailed funding for diversity, equity and inclusion. In light of the report, ABFE CEO Susan Taylor Batten is calling on foundations to build more relational, trust-based connections with Black-led nonprofits.

Pershing Square makes $64B bid for Swift label

Activist investor Bill Ackman’s Pershing Square Capital Management is offering to purchase Taylor Swift and Bad Bunny’s music label, Universal Music Group, in a cash-and-stock transaction valued at approximately $64 billion.

The proposed deal would involve Universal Music merging with Pershing Square SPARC Holdings, an acquisition company approved by the Securities and Exchange Commission in 2023. Plans would include the new company being based in Nevada and moving its stock listing from Amsterdam to the New York Stock Exchange.

Sarkozy says he owes France ‘the truth’

Former French President Nicolas Sarkozy has maintained his innocence on conspiracy charges in an appeal hearing in Paris. Sarkozy said on Tuesday that no Libyan funds supported his 2007 presidential campaign.

Sarkozy was convicted in September of criminal conspiracy for allegedly obtaining funds from then Libyan leader Moammar Gadhafi in exchange for favors. Sarkozy was sentenced to five years in prison but was released pending appeal. The 12-week trial began last month and it’s reviewing evidence and testimony related to him and nine co-defendants. Sarkozy denies wrongdoing and says the allegations are politically motivated. The trial is scheduled to last until June 3.