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Meta Platforms (META.O) is reported to have poached three top AI researchers from Google (GOOG.O).The API crude oil inventory for the week ending July 18 in the United States will be released in ten minutes.The Dow Jones Industrial Average closed at 44,502.44 on Tuesday, July 22, up 179.37 points, or 0.40%. The S&P 500 closed at 6,309.62 on Tuesday, July 22, up 4.02 points, or 0.06%. The Nasdaq Composite closed at 20,892.69 on Tuesday, July 22, down 81.49 points, or 0.39%.July 23, the stock market is at an all-time high. The discussion of Reddits "investment" forum WallStreetBets has surged, and retail investors are buying low-priced stocks in large quantities. This is not 2021, and the current hot stocks are not GameStop, AMC or the bankrupt Bed Bath & Beyond. In the 2025 meme stock boom, the hot companies are Opendoor Technology and Kohls (KSS.N). "The new highs have heightened peoples fear of missing out," said Michael Arone, a strategist at State Street Investment Management. "Obviously, there seems to be a considerable amount of liquidity pouring into the market." This desperate gamble was acceptable in 2021, when the US governments stimulus plan helped support Americans savings. Today, the job market is weak, interest rates are rising, and mandatory student loan payments have resumed. Some analysts predict that the rise in this wave of meme stocks will fade at a faster pace. Mike Bailey, head of research at FBB Capital Partners, said: "Investors are actively digesting all the positive factors in the market, and concerns about rising risk factors have eased. The current market sentiment is moving towards irrational prosperity."Court documents: Trump and Paramount agreed to drop the lawsuit after the two companies announced a $16 million settlement earlier this month.

U.S. Governor Seeks to Expand Sales of High-ethanol Blended Gasoline

Haiden Holmes

Apr 29, 2022 09:32

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Governors from Iowa, Illinois, and Minnesota wrote to the Environmental Protection Agency to argue that year-round use of the blend, known as E15, will help cut gasoline costs, which have surged to more than $4 per gallon following Russia's invasion of Ukraine.


President Joe Biden announced intentions earlier this month to enable summertime sales of E15 gasoline, which contains 15% ethanol. Summertime restrictions on E15 were enforced because of fears that it contributes to pollution in hot weather, despite the fact that research indicates that the 15% blend may not contribute to smog in comparison to the more prevalent E10 available year-round. E10 is 10% ethanol.


However, proponents of biofuels desire a more permanent solution that allows for year-round E15 sales. Increased sales of the combination would almost certainly expand the market for corn-based ethanol.


Governors may petition the EPA under the Clean Air Act to equalize the volatility standards for E15 and E10. On Thursday, the Midwest governors informed the EPA that they are pursuing this option in order to enable year-round E15 sales.


"These states have paved the way forward on E15," Renewable Fuels Association President Geoff Cooper said. "We urge additional states and the EPA to follow suit so that drivers across the country can continue to enjoy the benefits of E15."


According to the RFA, the states involved in Thursday's action are home to 57% of the nation's 2,512 stations currently selling E15.

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