Biden releasing 1 million barrels of gasoline from Northeast reserve in bid to lower prices at pump

WASHINGTON (AP) — The Biden administration says it’s releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer. The sale is from storage sites in New Jersey and Maine and will be allocated in increments of 100,000 barrels at a time. Energy Secretary Jennifer Granholm says the move is intended lower costs for American families and consumers in time for the summer driving season. AAA says prices averaged about $3.60 per gallon as of Tuesday, up 6 cents from a year ago. The Northeast reserve was created a decade ago and is separate from the Strategic Petroleum Reserve in Texas and Louisiana.

Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports

WASHINGTON (AP) — President Joe Biden and Donald Trump agree on essentially nothing, from taxes and climate change to immigration and regulation. Yet on trade policy, the two presumptive presidential nominees have embraced surprisingly similar approaches. Which means that whether Biden or Trump wins the presidency, the United States seems poised to maintain a protectionist trade policy — a policy that experts say could feed inflation pressures. The protectionist tilt of the two presidential contenders reflects the widespread view that opening the nation to more imports — especially from China — wiped out American manufacturing jobs and shuttered factories. It’s an especially potent political topic in the Midwestern industrial states that will likely decide who wins the White House.

Group of Tesla shareholders ask investors to vote against Musk’s compensation package

A group of Tesla shareholders is asking investors to vote against a compensation package worth more than $40 billion for CEO Elon Musk, saying that it’s not in the electric vehicle maker’s best interest. The shareholder group, which includes New York City Comptroller Brad Lander, SOC Investment Group and Amalgamated Bank, said in a letter to shareholders that ratification of Musk’s pay package would do nothing to promote Tesla’s long-term growth and stability. Tesla Chair Robyn Denholm said last month that Elon Musk delivered on the growth sought at the automaker.

All that ‘checkout charity’ adds up. Domino’s plans $174 million from it for St. Jude hospital

The world’s top-selling pizza chain is betting big on the generosity of its customers. And they are not alone. Domino’s recently pledged $174 million over the next ten years to benefit St. Jude Children’s Research Hospital, expecting the funds to come from its longstanding roundup campaign that invites customers to donate the difference between their purchase total and the next-highest dollar amount. Domino’s is the latest and largest example of philanthropic allies new and old finding success through “checkout charity.” The fundraising tool raked in 24% more money in 2022 than 2020 among the highest making programs, for a total of $749 million, according to the professional association Engage for Good.