The Biden administration implemented strict emissions reductions for coal- and oil-burning power plants to protect public health, but the Trump administration is now offering companies the chance to bypass these rules by emailing President Trump for exemptions under an obscure section of the Clean Air Act. Critics fear this process could lead to unchecked pollution levels and undermine public health protections, with exemptions potentially lasting up to two years and affecting various toxic chemicals and carcinogens. The EPA has not disclosed whether any exemptions have been granted yet, but industry groups like the National Association of Manufacturers support the initiative.
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US stocks on track for worst quarter in three years as tariff worries swirl
Wall Street stocks are facing their worst quarter in nearly three years due to fears of Trump's tariffs causing stagflation. The S&P 500 has declined 5% in the first quarter of 2025, with concerns about economic growth and inflation rising. Trump's upcoming tariff announcement has led to market uncertainty, impacting technology stocks, commodities, and global markets, prompting investors to seek safer assets like gold and US Treasury yields. Full Article
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