Bloomberg News

Government, Business, Fuel

North Carolina Environmental Chief Michael Regan Tapped to Lead EPA

President-elect Joe Biden has picked an experienced but not widely known state regulator, Michael Regan of North Carolina, to lead the Environmental Protection Agency. (2017 photo by Chuck Liddy/The News & Observer via AP)

President-elect Joe Biden is nominating Michael Regan to lead the EPA, putting a North Carolina environmental regulator in line to chart national policy on combating climate change and pollution, according to people familiar with the matter.

December 17, 2020
Government, Business, Safety, Logistics

First Hiccups Seen in US Push to Deliver COVID-19 Vaccine

COVID-19 vaccine by Bloomberg News A member of the U.S. Navy prepares a dose of the Pfizer-BioNTech COVID-19 vaccine at Naval Medical Center San Diego in San Diego, on Dec. 15, 2020. (Bing Guan/Bloomberg News)

The first hiccups in the distribution of a COVID-19 vaccine in the U.S. included a holdup in delivering 3,900 shots to two states and the announcement that Pfizer Inc. would deliver almost a million fewer doses next week than are set to ship this week.

December 16, 2020
Government, Business, Fuel

Getting US to Zero Carbon May Cost $2.5 Trillion by 2030

A tanker truck drives past a Phillips 66 refinery in Borger, Texas. A tanker truck drives past a Phillips 66 refinery in Borger, Texas. Oil and gas job losses would be offset by opportunities in construction and in installing wind and solar power. (Angus Mordant/Bloomberg News)

It’s going to take $2.5 trillion in spending over the next decade to get the U.S. on a path to a carbon-free economy, but the transition will help to pay for itself, Princeton University researchers say.

December 15, 2020
Business, Technology, Fuel, Logistics, Autonomous

Tesla Plans to Start Shipping Out Cars Made at Shanghai Gigafactory

Tesla will begin shipping vehicles from its Shanghai factory to other countries in Asia and Europe. An aerial view of Tesla's Gigafactory in Shanghai, China. (Qilai Shen/Bloomberg News)

Tesla Inc. plans to ship cars made at its Shanghai factory to other countries in Asia and Europe, according to people familiar with the matter, shifting its strategy for the plant to largely focus on supplying the local market.

September 11, 2020
Government, Business, Safety

McConnell Plans Vote on Relief Plan That Pelosi Calls ‘Fraudulent’

Senate Majority Leader Mitch McConnell is hoping to break the logjam on a new stimulus bill. Senate Majority Leader Mitch McConnell is hoping to break the logjam on a new stimulus bill this week. (Stefani Reynolds/Bloomberg News)

Congressional leaders hardened their battle lines on additional fiscal stimulus on Sept. 8, with House Speaker Nancy Pelosi labeling Republican Senate Majority Leader Mitch McConnell’s proposal for a slimmed-down package “fraudulent.”

September 8, 2020
Government, Business

Trump Says He’ll Ask Congress for Additional Economic Stimulus

President Donald Trump speaks in Rose Garden June 5, 2020 President Donald Trump speaks in the Rose Garden of the White House June 5. White House chief economic adviser Larry Kudlow (left) and Labor Secretary Eugene Scalia (top right) listen. (Evan Vucci/Associated Press)

President Donald Trump said he’ll ask Congress to pass more economic stimulus, including a payroll tax cut, even after the government reported a surprise improvement in U.S. unemployment June 5.

June 5, 2020
Government, Business

China Behind on Purchases in Phase One of Trade Deal

Baby pigs stand in a pen at the Paustian Enterprises farm in Walcott, Iowa Baby pigs stand in a pen at the Paustian Enterprises farm in Walcott, Iowa. China needs pork because its own hog herd has been devastated by African Swine Fever. (Daniel Acker/Bloomberg News)

President Donald Trump’s promise that his phase one trade deal with China would provide a $36.5 billion election-year bonanza for his rural base was always a stretch. Now it looks like it may never be fulfilled.

June 5, 2020
Government, Business, Top 100

Trump Says Trucking CEOs to Help Advise on Economic Recovery

President Trump speaks at an April 14 Coronavirus Task Force press briefing Trump holds a Coronavirus Task Force press briefing in the White House Rose Garden April 14. (c-span.org)

American Trucking Associations President Chris Spear is among the prominent business executives tapped by President Donald Trump to help revive the economy as the coronavirus pandemic shows signs of easing in some parts of the country.

April 14, 2020
Government, Business

Pelosi Pulls Back on Infrastructure in ‘Phase Four’ Stimulus

House Speaker Nancy Pelosi House Speaker Nancy Pelosi (D-Calif.) speaks to the media after the House passed the CARES Act. (Sarah Silbiger/Bloomberg News)

House Speaker Nancy Pelosi scaled back her ambitions for Congress’ next coronavirus stimulus package to focus on additional direct payments to individuals and expanded loans to businesses, possibly leaving an $800 billion infrastructure plan and other Democratic priorities for a later bill. (With video)

April 3, 2020
Government, Business

Trump Pushes $1.2 Trillion Stimulus, $1,000 Checks in Two Weeks

President Trump listens during a meeting with tourism industry executives at the White House on March 17. President Trump listens during a meeting with tourism industry executives at the White House on March 17. (Kevin Dietsch/Bloomberg News)

The Trump administration is discussing a plan that could amount to as much as $1.2 trillion in spending — including direct payments of $1,000 or more to Americans within two weeks — to blunt some of the economic impact of the widening coronavirus outbreak.

March 17, 2020

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