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Good afternoon. Here’s what you should know today, June 23: |
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The Biden administration has asked oil companies for solutions to boost fuel supplies No “likes” here. Facebook parent Meta pulled out of its sponsorship deal for the U.S. 250th anniversary project McDonald’s is tightening restaurant ownership rules as it looks for new franchisees |
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| In the widest expansion of gun rights in a decade, the ruling puts in question similar concealed-weapons laws in at least eight other states and the District of Columbia. PHOTO: CALLAGHAN O'HARE/REUTERS |
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1. The Supreme Court struck down New York state’s concealed-weapons law. |
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The 6-3 ruling, marking the widest expansion of gun rights in more than a decade, found that a century-old law requiring that applicants justify their need for a concealed-weapon permit violates the Second Amendment. |
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Bipartisan Gun Bill Advances Past Senate Filibuster Hurdle (Read) Supreme Court Rules in Favor of North Carolina Republicans Seeking to Defend Voter ID Law (Read) If Court Overturns Roe v. Wade, More Infants Might Be Placed for Adoption (Read) |
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2. Energy Secretary Jennifer Granholm urged oil companies to address high gas prices. |
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In an hour-long meeting with executives from Exxon Mobil, Chevron and others, administration officials discussed waiving limitations on domestic shipping, accelerating permits for offshore energy production and suspending the production of more expensive premium fuels, among other ideas. Industry officials expect little to come from what amounted to a brainstorming session. |
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What Is a Federal Gas Tax Holiday? And How Much Would You Save at the Pump? (Read) Oil Refiners Are an Easy, but Odd, Target for Pump-Price Surge (Read) |
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3. Lawmakers pressed the Fed’s chairman over what it would do if rate increases put the brakes on the economy but don’t slash inflation. |
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Jerome Powell told the House Financial Services Committee that in such a scenario, the Federal Reserve would be reluctant to cut rates until it saw clear evidence that inflation was coming down. |
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Fed Governor Michelle Bowman Calls for Additional Significant Rate Rises (Read) U.S., European Economies Slow Sharply as Recession Risks Grow (Read) Mortgage Rates Continue to Rise, Hitting 5.81% (Read) U.S. Jobless Claims Held Near Historic Lows Last Week (Read) |
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4. Meta pulled out of a plan to sponsor the commemoration of the 250th anniversary of the U.S. |
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Facebook’s parent company said in March it would review its ties to the organization behind the federal government’s semiquincentennial project. This was following Wall Street Journal reports detailing feuds among the congressionally appointed commissioners and accusations of mismanagement and misuse of federal funds by former employees. |
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Instagram Tests Child Age Verification, but Falls Short of Full ID Checks (Read) |
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5. CDC advisers backed the use of Moderna’s Covid-19 vaccine in children ages 6 to 17. |
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The endorsement follows the FDA’s authorization last week. It’s one of the last steps before the shot would be more broadly available in doctors’ offices, pharmacies and clinics. Children in the age group already have access to the Pfizer-BioNTech vaccine. |
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FDA Investigating a Report of a Baby’s Death After Consuming Abbott Formula (Read) FDA Bans Juul From Selling E-Cigarettes (Read) |
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