07/23 business in brief
Published 1:00 am Tuesday, July 23, 2024
EPA awards $4.3B
$4.3B to cut pollution
The Environmental Protection Agency is awarding $4.3 billion in grants to fund projects in 30 states to reduce climate pollution. The money will go to 25 projects targeting greenhouse gas emissions from transportation, electric power, commercial and residential buildings, industry, agriculture and waste and materials management. The grants are paid for by the 2022 climate law approved by congressional Democrats. Among the projects being funded are $396 million to Pennsylvania to reduce industrial greenhouse gas emissions from cement, asphalt and other material. EPA Administrator Michael Regan will join Pennsylvania Gov. Josh Shapiro in Pittsburgh on Monday to announce grant recipients. Regan says the funds will be delivered this fall.
Boeing skips
major air show
European planemaker Airbus plans to show off its newest passenger jet with daily flight demonstrations during one of the world’s biggest aviation trade fairs. But an ongoing safety and manufacturing crisis has rival Boeing keeping a lower profile at the Farnborough International Air Show, which kicks off Monday in England. The beleaguered American company isn’t bringing any jetliners to take part in aerial displays at the weeklong event near London. A top executive says the company remains focused on satisfying the concerns of U.S. regulators and “meeting our customer commitments” rather than selling a lot of planes.
Scammers try
to exploit outage
As the world continues to recover from massive business and travel disruptions caused by a faulty software update from cybersecurity firm CrowdStrike, malicious actors are trying to exploit the situation for their own gain. Government cybersecurity agencies across the globe and even CrowdStrike CEO George Kurtz warned about phishing schemes that involve malicious actors posing as CrowdStrike employees offering to assist those recovering from the outage. Meanwhile, Microsoft said 8.5 million devices running its Windows operating system were affected by the faulty cybersecurity update Friday that led to worldwide disruptions.
Eminem album hits
No. 1, tops Swift
Eminem’s 12th studio album, “The Death of Slim Shady (Coup de Grâce),” has debuted at No. 1 on the Billboard 200, unseating Taylor Swift’s “The Tortured Poets Department” after 12 weeks. Swift beat the previous record held by Whitney Houston’s “Whitney” album. It spent its first 11 weeks at No. 1. Swift tied Morgan Wallen’s “One Thing at a Time,” which also debuted at No. 1 and stayed there for 12 consecutive weeks. But Stevie Wonder’s 1976 masterpiece, “Songs in the Key of Life,” which spent 13 weeks at No. 1 after debuting in the top spot, holds the record.
— Bulletin wire reports