The Trump administration has moved to rewrite safety regulations for chemical facilities, pulling back rules introduced by former president Joe Biden that required new safeguards for handling hazardous chemicals, including preparation for climate-related risks. The Environmental Protection Agency filed a motion in federal court to rewrite the rules, which were condemned by environmental advocacy groups and industry groups alike. The move comes as part of a broader dismantling of climate and environmental policy by the Trump administration, impacting over 12,000 facilities handling hazardous chemicals across the country.
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Why ChargePoint Stock Plunged Today
Shares of ChargePoint Holdings (NYSE: CHPT) plummeted 19.8% on Thursday morning after the company reported a fiscal Q1 2026 loss of $0.12 per share, which was double the anticipated loss of $0.06. Additionally, sales decreased by 8.8% year over year, totaling $97.6 million, falling short of analysts' expectations of over $100 million. The disappointing earnings report, which ended on April 30, led to a significant decline in investor confidence. Full Article
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