Energy bailout option eyed using wartime power act
Four unnamed sources say Trump aides weigh using the Defense Production Act to keep coal and nuclear plants online amid court and regulator doubt. The act, used previously to shield steel in the Truman era and gas to California in 2001, lets the president direct private industry to guarantee critical resources.
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Shortage of skilled trades slows storm repairs nationwide
Brenda Richardson reports on a marked shortage of qualified tradespeople complicating home repairs after spring storms. Dennis Burke of Mr. Electric of Southeast New Hampshire cites high demand, a tight labor market, and a need for two more licensed electricians to keep up with outages and post storm work. The Manpower Group 2016-17 survey and NAHB data frame this as a long term imbalance affecting electricians and other trades across the rebuilding period after major hurricanes and nor easters.
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Burke
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Texas
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Port Arthur
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Facebook expands GDPR protections to world wide claim
Facebook says GDPR protections will extend globally but changes to its terms may exclude 1.5 billion users from Irish jurisdiction. Reuters reported the shift, while Zuckerberg reiterated intent to apply strong privacy controls worldwide, despite EU law timing.
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United States
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Hulu valued around 8.7 billion in Disney Fox merger filing
Disney items Hulu in a 52.4 billion all stock deal to acquire Fox entertainment assets and gain control of Hulu. Time Warner owns 10 percent stake valued at 583 million in 2016. If Hulu matched Netflix metrics it could reach 20.7 billion, but overseas limits limit that. Netflix remains the largest paid online network with over 145 billion market value after Q1 gains.
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Tech drives rising bank account figure
World Bank data show about 70 percent of adults globally have a bank account as of Thursday, driven by mobile and digital banking adoption. The report highlights cellphone based accounts and growing access in developing regions.
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New York
World Bank
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