The proposal could benefit companies that export fuel products or sell domestic crude by making imported oil more expensive, but it also could hurt companies that must import crude from other countries.
U.S. companies are girding for fallout from the Trump administration’s moves to tighten immigration enforcement, with farmers, food companies and builders among those bracing for possible deportations of workers that some fear could leave businesses short-staffed.
The top candidates for FTC chairman are Utah attorney general Sean Reyes, who favors greater scrutiny of Google, and current acting Chairman Maureen Ohlhausen, a veteran official of the consumer-protection agency.
Treasury Secretary Steven Mnuchin laid out ambitious goals to secure a tax-code overhaul by August and to deliver economic growth at rates not seen in more than a decade in his first interview in his new job.
European budget carrier Norwegian Air Shuttle said it would begin flying single-aisle planes nonstop from the U.S. to Europe starting in June bringing direct trans-Atlantic flights to a new range of East Coast cities not typically served by such links. The airline is promising fares as low as $65.