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Blackstone Wins Federal Approval for $11.5 Billion TXNM Energy Buyout

Key Points: The Federal Energy Regulatory Commission approved Blackstone's purchase of TXNM Energy. Regulators found no evidence that the buyout would increase customer utility rates. The mandatory waiting period for federal antitrust review has officially ended. The massive $11.5 billion deal includes assuming the utility company's existing debt. TXNM Energy announced on Friday that the...

Retailers Cheer Supreme Court Tariff Ruling But Face New Hurdles

Key Points: The Supreme Court struck down President Trump’s broad global tariffs. Retail groups celebrated the ruling for bringing certainty to supply chains. Trump immediately announced a new 10% global tariff using different laws. Retailers now demand refunds for the unconstitutional duties they paid. The retail industry celebrated a major victory Friday after the Supreme...

Trump Plans New Tariffs After Supreme Court Defeat

Key Points: The Supreme Court struck down Trump's sweeping global tariffs. Trump criticized the justices and announced new trade strategies. The administration will launch new Section 301 investigations into unfair trade. Trump might revive a Great Depression-era law to tax foreign goods. The Supreme Court just struck down President Donald Trump's massive global tariffs. In...