Trump Plans to Gut Legal Basis for Greenhouse Gas Regulation
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Here's your morning brief for Tuesday, February 10th. I'm Daniel Bach for The Wall Street Journal. The Trump administration is planning to reverse a 2009 legal finding linking greenhouse gas emissions with threats to public health and welfare. The rollback would gut the legal underpinning used to regulate power plant emissions and fuel efficiency standards for cars. Officials claim the regulatory rollback would equate to about $1 trillion in savings, and it's likely to be seen as a victory for the fossil fuel industry, which has been fighting federal climate regulations for years.
Environmental groups have said they would challenge the move in the courts. President Trump is throwing a wrench in plans to open a new bridge connecting Canada and the U.S.
What legal changes is Trump proposing for greenhouse gas regulation?
near Detroit.
After almost eight years of construction, he's threatening to block the opening of the Gordie Howe Bridge, which was funded by Canada, saying the U.S. should own up to half of it and criticizing Canada for not treating the U.S. with, quote, the respect that we deserve. Trump pledged support for the bridge back in 2017, with Canada agreeing to collect tolls that would pay a private sector builder. And Gucci parent Kering reported better sales trends for the fourth quarter and said it aims to return to growth in 2026 after years of decline. The Paris-based luxury giant has been trying to draw customers back with a revamp to the core Gucci brand, while contending with a downturn in spending like many of its rivals.
Kering's results come after industry bellwether LVMH recorded sluggish sales growth for last year's final quarter, which has sparked more investor caution about the sector. Asian stocks ended the day mostly higher. European stocks are also mostly higher in midday trading. And U.S. stock futures are flat ahead of earnings from Coca-Cola and Ford. And we've got a lot more coverage of the day's news on the WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.
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