Trade Court Blocks Most Trump Tariffs, Ruling They’re Illegal
A federal court blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency powers law, swiftly throwing into doubt Trump’s signature set of economic policies.
Tesla Targets June 12 Rollout of Robotaxi Service in Austin
Tesla is poised to begin its long-awaited robotaxi service in Austin on June 12, according to a person familiar with the matter.
DHL Flies 17 Endangered Mountain Bongo Antelopes to Kenya
DHL Express transported 17 endangered mountain bongo antelopes from Florida to a conservation site in Kenya, the company announced in the spring.
DOT Nominees Await Senate Consideration for FRA, FTA Posts
David Fink and Marc Molinarlo, nominees for top posts at two Department of Transportation agencies, await consideration before the Senate.
Suitors Line Up for BP’s Castrol Unit
BP’s Castrol lubricant business is attracting interest from Reliance Industries, Apollo Global Management and Lone Star Funds, as well as Saudi Aramco.
Canada Confirms No Duty Circumvention in Vietnam Chassis Case
The assessment confirmed an April 9 preliminary ruling by the CBSA, which took into account comments and responses submitted by the main parties to the ruling.
OPEC+ to Maintain Group Quotas Ahead of July Output Decision
OPEC+ gathered online May 28 to ratify their current groupwide production quotas, ahead of a decision by eight key members at the weekend whether to bolster output again in July.
Diesel Price Sheds 4.9¢ to $3.487 a Gallon
The national average diesel price changed course from a week earlier, dropping 4.9 cents to hit $3.487 a gallon, according to U.S. Energy Information Administration data released May 28.
Stellantis Names Antonio Filosa Its New CEO
Stellantis, the world’s fourth-largest carmaker, named Italian auto executive Antonio Filosa as its new CEO on May 28, replacing Carlos Tavares, who resigned under pressure last year.
Toyota Becomes Top Shareholder in Air Taxi Maker Joby
Toyota has invested $250 million in Joby Aviation, completing the first half of a previously announced $500 million commitment and becoming the air taxi maker’s largest shareholder.