Camila Dominovsky

They can sell as many big gas and diesel trucks and SUVs as they want with no penalty.

Trump also says that this will save Americans a lot of money.

EVs are expensive.

But third-party analyses say that this change will actually cost drivers because we will collectively buy more gasoline.

Well, big cars and trucks are very profitable.

So rolling back these rules is a boost to bottom lines.

It's actually partially offsetting the billions of dollars that companies are paying in tariffs.

And a lot of companies had been warning that these Biden-era rules were simply not realistic.

that EV sales in the US were not growing fast enough, even with incentives in place, to meet those targets.

So the traditional automakers wanted easier rules, for sure.

But eliminating the regulations entirely, arguing that the EPA doesn't even have the right to regulate them, that is farther than the industry wanted to go.

And that's because a huge legal battle means a ton of uncertainty.

And companies would really prefer some stability in these regulations, although that's starting to seem like wishful thinking at this point.

Devon Energy, based in Oklahoma City, will purchase Cotera Energy of Houston in an all-stock deal.

The deal is pending antitrust and shareholder approvals.

2023 and 2024 saw a lot of oil mergers, especially from producers in the Permian Basin.

Smaller, scrappier companies pioneered the shale revolution, but now that shale is booming, bigger companies are enjoying advantages.

Andrew Dittmer, principal analyst at Inveris Intelligence Research, says the wave of consolidation isn't finished yet, but might move slowly now because there aren't many obvious targets left for companies to buy.

Camila Dominovsky, NPR News.

I told my very Catholic mother that she needs to meet Jesus.