White House Weighs New Biofuel Rule for Oil Refiners
The White House plans for large oil refineries to meet half or less of biofuel blending requirements waived for small facilities, stabilizing the biofuel credit market.
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#Trump Trade↓
Trump Announces Crackdown on Pharmaceutical DTC Advertising
President Trump is cracking down on pharma ads, especially on social media. The order enforces existing rules, closes loopholes on risk disclosure, and scrutinizes influencers to ensure consumers get clear, balanced information.
US Chip Controls Expand to TSMC in China
The US revoked VEU status for TSMC, Samsung, & SK Hynix's China facilities, ending blanket permissions for chip production gear. This shifts to individual licenses, creating supply chain uncertainty & aiming to limit China's AI prowess. Waivers expire by Dec 2025 or sooner.
Trump's New Furniture Tariffs: Winners, Losers, and Economic Tremors
Trump launched a "major" furniture tariff probe to boost U.S. manufacturing. Shares of import-heavy retailers (Wayfair, RH, Williams-Sonoma) fell, while U.S. makers (Ethan Allen, La-Z-Boy) rose. Industry opposes, citing no national security link and harm to U.S. jobs. Consumer prices are already up.
Trump's Bold Play: Equity Stakes in Semiconductor Subsidies Sparks Industry Debate
The Trump administration is seeking equity in semiconductor companies receiving CHIPS Act funds, signaling a major shift from traditional subsidies. Still, the Commerce Department is "not looking to take equity from TSMC and Micron."
Trump Admin Eyes Intel Equity Stake via Chips Act Funds
Trump administration considers using Chips Act funds for an equity stake in struggling Intel, signaling a new era of direct government intervention in US industrial policy for national security.