What's next as energy overhaul heads for Trump's desk
Renewables' and EVs' path ahead. Solar, wind and EVs face an aggressive loss of incentives in the plan.
State of play: The Princeton-led REPEAT Project is out with preliminary estimates of the bill, which shakes up the landscape for many kinds of tech.
The big picture: It sees $500 billion less in cumulative electricity and "clean fuels" investment from 2025-2035 than what would otherwise occur.
What we're watching: The analysis sees 72 fewer gigawatts of wind and solar capacity additions by 2030.
The midterm politics. Democrats will hit Republicans over reduced low-carbon energy investment in red states.
Yes, but: The political salience of clean energy is hardly clear — the IRA did not appear to provide a big 2024 lift — so the midterms are the next test.
Oil industry appetites. The bill expands and speeds up leasing, and under more favorable terms. That includes offshore and Arctic regions in Alaska.
The big picture: These and other provisions reverse what Republicans and the industry call undue restrictions that Biden officials imposed on domestic energy.
Tesla's tough road. In addition to scuttling consumer purchase credits, the bill ends civil penalties on automakers that don't meet fuel efficiency rules.
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4 minutes ago
- Yahoo
Rare Earth Magnets Market Report 2026-2036, with Detailed Analysis of 29 Leading Companies Across the Rare Earth Magnet Value Chain
In 2025, the rare earth magnet market faces unprecedented pressures due to geopolitical tensions, supply chain disruptions, and soaring demand from emerging technologies such as electric vehicles and robotics. China's export controls have particularly impacted industries like defense and Tesla's humanoid robots, causing significant ripple effects worldwide. The U.S.'s strategic interventions, including a $400 million investment in MP Materials and Apple's $500 million recycling partnership, highlight efforts to lessen dependency on Chinese exports. The demand for rare earth magnets, valued at $19 billion, continues to grow, underscoring the necessity for alternative technologies and robust domestic supply chains. The report examines the entire supply chain, from mining to recycling, and profiles key industry players. Dublin, July 28, 2025 (GLOBE NEWSWIRE) -- The "Global Rare Earth Magnets Market 2026-2036" report has been added to offering. The rare earth magnet market stands at a critical juncture in 2025, shaped by unprecedented geopolitical tensions, supply chain disruptions, and explosive demand growth from emerging technologies. The industry's strategic importance has become paramount as governments and corporations recognize these materials as essential infrastructure for the global energy transition and technological advancement. The most significant recent development has been China's implementation of export controls on rare earth magnets beginning in April 2025, which triggered immediate supply chain disruptions across multiple industries. China's rare earth magnet exports to the United States experienced dramatic volatility, with shipments initially halted before surging 660% in June 2025 following trade negotiations. This rebound, while substantial, still leaves overall 2025 exports trailing previous year levels, demonstrating the fragility of current supply arrangements. 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Trump looms large over a Fed likely to again defy his call for cuts
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USA Today
6 minutes ago
- USA Today
Nvidia CEO says Trump gives America an advantage. Hear that, progressives?
The top executive of the world's most valuable company doesn't have to flatter anyone, even the president of the United States. I'm worried about artificial intelligence. It feels like it's invasive, increasingly ubiquitous and coming for my job. I'm not alone. More than 30% of Americans think AI will do more harm than good. But on July 24, the Trump administration unveiled a bold plan to ensure that the U.S. dominates the world when it comes to AI. It's eased my mind a bit. President Donald Trump's plan sounds smart and promising. Global tech leaders support it, too, including the chief executive of the world's most valuable company. "America's unique advantage that no country could possibly have is President Trump," Nvidia CEO Jensen Huang said on the "All-In" podcast. Trump says US will win the AI race Trump, speaking at the Winning the AI Race summit for "All In," declared that the U.S. will outpace foreign competitors in developing artificial intelligence. That's important because tech leaders have noted that the country that achieves certain AI milestones may well develop an insurmountable lead in unleashing the most revolutionary technology of our lifetimes. Opinion newsletter: Sign up for our newsletter on conservative values, family and religion from columnist Nicole Russell. Get it delivered to your inbox. The Trump administration is taking a hands-off approach to regulating AI at this point. The president even signed executive orders to reduce regulations on constructing data centers and block states from regulating AI on their own. Opinion: Trump wins again. Columbia's $200 million fine will reshape higher education. Tech industry giants embrace Trump's AI plan The shift in the tech industry from critics to partners of Trump has been remarkable. OpenAI CEO Sam Altman was one of those critics. Now he supports the president. Meta founder Mark Zuckerberg also has made an obvious shift toward Trump. And, of course, SpaceX and Tesla CEO Elon Musk famously supported Trump before their very public and nasty falling out this year. Opinion: We're creating AI that could surveil US citizens. And the government is in on it. The tech leaders admittedly have their own interests in mind in praising Trump these days. But those interests also include America's economic, technological and national defense priorities. Our nation's strength and the prosperity and well-being of Americans may well depend on whether we win the AI race in the years ahead. It's Huang's support that impresses me the most. The top executive of the world's most valuable company doesn't have to flatter anyone, even the president of the United States. Nvidia is leading the global race to the future, and this leader among leaders now says having Trump in the White House is an advantage for America. Perhaps even progressives should listen. Nicole Russell is a columnist at USA TODAY and a mother of four who lives in Texas. Contact her at nrussell@ and follow her on X, formerly Twitter: @russell_nm. Sign up for her weekly newsletter, The Right Track, here. You can read diverse opinions from our USA TODAY columnists and other writers on the Opinion front page, on X, formerly Twitter, @usatodayopinion and in our Opinion newsletter.
