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Rebound: U.S. stocks are soaring on a euphoric Wall Street Wednesday after President Donald Trump said he would temporarily back off on most of his global tariffs. The S&P 500 was up 8% in afternoon trading and heading toward one of its best days in decades. It had been down earlier in the morning amid recession worries. Read more from the Associated Press.
States targeted: President Donald Trump is ordering the Justice Department to take legal action against states that impose fines on fossil fuel companies for their greenhouse gas emissions. Trump signed an executive order Tuesday directing U.S. Attorney Pam Bondi to identify state laws or regulations that could impede the use of domestic oil and gas. The president told the Justice Department to prioritize targeting state efforts to address climate change and environmental justice. Read more from Bloomberg. A subscription may be required.
In jeopardy: Gov. Jeff Landry told Louisiana teachers this week that they might no longer receive the $2,000 stipends they’ve been paid for the past two years, after the constitutional amendment meant to make the pay boost permanent failed to pass. “We’ll continue to work inside the budget to see what we can find, and we’ll see where it ends up. I’m making no commitment on that,” Landry said at a news conference on Wednesday. Read more from The Center Square.
