Luke Vargas

While South Korea's corporate giants are big investors in the U.S., China remains the country's largest trading partner. Elon Musk says that SpaceX is on track to record another significant revenue increase this year, reaching $15.5 billion.

While South Korea's corporate giants are big investors in the U.S., China remains the country's largest trading partner. Elon Musk says that SpaceX is on track to record another significant revenue increase this year, reaching $15.5 billion.

The company's launch operation, which revolves around its partially reusable Falcon 9 rocket, as well as its satellite internet business Starlink, have been fueling revenue growth in recent years. In a social media post, Musk said that commercial revenue at SpaceX would exceed the entire budget of NASA next year.

The company's launch operation, which revolves around its partially reusable Falcon 9 rocket, as well as its satellite internet business Starlink, have been fueling revenue growth in recent years. In a social media post, Musk said that commercial revenue at SpaceX would exceed the entire budget of NASA next year.

The White House has proposed cutting NASA's budget to $18.8 billion for its next fiscal year from nearly $25 billion currently. SpaceX is a major contractor at NASA, with Musk saying that about $1.1 billion of the company's expected revenue this year would come from the agency.

The White House has proposed cutting NASA's budget to $18.8 billion for its next fiscal year from nearly $25 billion currently. SpaceX is a major contractor at NASA, with Musk saying that about $1.1 billion of the company's expected revenue this year would come from the agency.

And federal regulators have moved to lift an asset cap of around $2 trillion placed on Wells Fargo in 2018, an unprecedented punishment that had handcuffed the bank's growth after its fake accounts scandal erupted nearly a decade ago.

And federal regulators have moved to lift an asset cap of around $2 trillion placed on Wells Fargo in 2018, an unprecedented punishment that had handcuffed the bank's growth after its fake accounts scandal erupted nearly a decade ago.

That was finance editor Alex Frankos, who says the U.S. bank will now be able to grow its balance sheet and redirect resources it had been pouring into efforts to fix itself and repair its tarnished reputation.

That was finance editor Alex Frankos, who says the U.S. bank will now be able to grow its balance sheet and redirect resources it had been pouring into efforts to fix itself and repair its tarnished reputation.

Coming up, as Republicans push to pass President Trump's so-called Big Beautiful Bill, one stumbling block dividing some GOP senators, besides increased spending, is what to do about clean energy tax credits. We have got that story after the break.

Coming up, as Republicans push to pass President Trump's so-called Big Beautiful Bill, one stumbling block dividing some GOP senators, besides increased spending, is what to do about clean energy tax credits. We have got that story after the break.

Members of the U.S. Senate returned from recess this week with a major item on their to-do list, passing President Trump's big, beautiful bill, as some are calling it. House Republicans narrowly passed the spending legislation last month, and they've urged GOP senators to go easy on any changes, lest they introduce issues that could crop up when the bill returns to them in the House.

Members of the U.S. Senate returned from recess this week with a major item on their to-do list, passing President Trump's big, beautiful bill, as some are calling it. House Republicans narrowly passed the spending legislation last month, and they've urged GOP senators to go easy on any changes, lest they introduce issues that could crop up when the bill returns to them in the House.

But that could be tricky, as we report at least four Senate Republicans have voiced issues with elements of the text, which would increase the debt ceiling by at least $4 trillion as a result of increased border spending and tax cuts. Another issue that's dividing Republicans is what to do about clean energy tax credits, which the House bill set to phase out in 2028.

But that could be tricky, as we report at least four Senate Republicans have voiced issues with elements of the text, which would increase the debt ceiling by at least $4 trillion as a result of increased border spending and tax cuts. Another issue that's dividing Republicans is what to do about clean energy tax credits, which the House bill set to phase out in 2028.

And here to talk about that is Jason Grimay, the CEO of the American Clean Power Association, an industry group representing wind, solar and energy storage companies. Jason, remind us quickly, if you could, where clean energy tax credits broadly stand now. What policy could we see shaken up here?

And here to talk about that is Jason Grimay, the CEO of the American Clean Power Association, an industry group representing wind, solar and energy storage companies. Jason, remind us quickly, if you could, where clean energy tax credits broadly stand now. What policy could we see shaken up here?

So the House bill being looked at by the Senate now would phase out these credits in 2028. What are you hearing about this from the companies you represent? How could they stand to be affected?

So the House bill being looked at by the Senate now would phase out these credits in 2028. What are you hearing about this from the companies you represent? How could they stand to be affected?