Bloomberg News

Government, Business, Fuel

EPA Readies Biofuel Waivers, Delays for Trump’s Final Days

Steam billows out of a smokestack at a biorefining facility in Iowa. (Sergio Flores/Bloomberg News) Steam billows out of a smokestack at a biorefining facility in Iowa. (Sergio Flores/Bloomberg News)

The Trump administration is expected to exempt some oil refineries from 2019 mandates to use renewable fuel as it readies possible last-minute moves on U.S. biofuel policy.

January 13, 2021
Business, Technology, Fuel

Hunt for the Next Tesla Fuels Wave of EV Deals

A Tesla Model S vehicle sits parked on a road near the company's Gigafactory building site in Germany in September 2020. A Tesla Model S vehicle sits parked on a road near the company's Gigafactory building site in Germany in September 2020. (Alex Kraus/Bloomberg News)

Wall Street’s obsession with electric vehicles is touching off a new round of public listings and helping clean-tech companies to forge partnerships with powerful allies.

January 12, 2021
Business, Technology

Lucid Motors Reportedly in Talks to Go Public

The Lucid Motors headquarters stands in Newark, Calif., in August 2020. (David Paul Morris/Bloomberg News) The Lucid Motors headquarters stands in Newark, Calif., in August 2020. (David Paul Morris/Bloomberg News)

Electric vehicle maker Lucid Motors Inc. is in talks to go public through a merger with one of Michael Klein’s special-purpose acquisition companies, according to people familiar with the matter.

January 11, 2021
Government, Business

Biden’s Go-Big Stimulus Plans Will Test Closely Divided Senate

President-elect Joe Biden's interest in a large stimulus bill likely will face a test in the Senate. President-elect Joe Biden's interest in a large stimulus bill likely will face a test in the Senate. (Jim Watson/AFP/Getty Images)

President-elect Joe Biden’s plan to pass a multitrillion-dollar economic stimulus package early in his administration faces challenges in a closely divided U.S. Senate, with a potential impeachment trial for Donald Trump that could add to delays.

January 11, 2021
Business, Technology, Logistics

Chips Shortage Hits Global Automakers

A circuit board is inspected under a magnifying lens inside Continental AG's factory in Germany. A circuit board is inspected under a magnifying lens inside Continental AG's factory in Germany. (Krisztian Bocsi/Bloomberg News)

A semiconductor shortage is pinching some of the world’s biggest auto manufacturers, costing Daimler AG, Nissan Motor Co., Honda Motor Co., Ford Motor Co. and Fiat Chrysler Automobiles NV production for a range of cars.

January 8, 2021
Government, Business

Democrats’ Senate Sweep in Georgia Signals Boost to Economy

A person holds a "New Year New Senate" sign during a "Get Out the Vote" event in Georgia on Jan. 3. A person holds a "New Year New Senate" sign during a "Get Out the Vote" event in Georgia on Jan. 3. (Elijah Nouvelage/Bloomberg News)

Chances of another federal stimulus package got a boost as Democrats swept this week’s Senate runoff elections in Georgia, offering the prospect of more support for people and businesses hammered by the pandemic.

January 6, 2021
Government, Business, Fuel

OPEC+ Meets to Discuss Output Hike, With Saudis Urging Caution

Oil pumping jacks operate in a Russian oilfield in November 2020. (Andrey Rudakov/Bloomberg News) Oil pumping jacks operate in a Russian oilfield in November 2020. (Andrey Rudakov/Bloomberg News)

Saudi Arabia urged caution as OPEC+ gathered to discuss whether to hike supply again in February, with many countries wary of undermining a fragile recovery.

January 4, 2021
Government, Business

Congress Gets Text of $900 Billion Relief Bill Hours Before Vote

The U.S. Capitol building in Washington, D.C., Dec. 20. (Ting Shen/Bloomberg News) The U.S. Capitol building in Washington, D.C., on Dec. 20. (Ting Shen/Bloomberg News)

The House released the text of a massive 5,593-page package of legislation that combines pandemic relief with a bill to fund government operations just hours before lawmakers were set to cast their votes on Dec. 21.

December 20, 2020
Business, Fuel

LNG Surges to Six-Year High With Cold Snap in Importing Nations

LNG tanker A liquefied natural gas tanker is moored at a port in Incheon, South Korea. (SeongJoon Cho/Bloomberg)

Liquefied natural gas has made a dramatic rebound from a pandemic-induced demand collapse, and the rally in the heating and power-plant fuel could extend into next year.

December 18, 2020
Business, Technology, Fuel, Logistics

CEO of Arrival Aims to Make Electric Buses, Vans in Microfactories

Denis Sverdlov Arrival CEO Denis Sverdlov by Simon Dawson/Bloomberg News

Russian-born entrepreneur Denis Sverdlov wants to revolutionize automaking, replacing Henry Ford’s century-old conveyor-belt assembly lines with tiny factories that cost far less.

December 16, 2020

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