** APA Corp is exploring the sale of oil and gas drilling properties spread across parts of the Permian basin of Texas and New Mexico, in a deal that could be valued at about $1 billion, people familiar with the matter told Reuters.
** The United Auto Workers union said on Monday some local units representing workers at Stellantis are preparing to file grievances and could launch a nationwide strike, accusing the automaker of not honoring production commitments, reported Reuters.
** Republican presidential candidate Donald Trump pledged on Monday to rescind a Biden administration rule limiting power plant pollution and reiterated a promise to block Nippon Steel’s planned purchase of U.S. Steel.
** US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates according to Bloomberg.
** The U.S. Air Force appears set to go electric. According to TheDefensePost.com, the Air Force has successfully completed test flights with BETA Technologies ALIA all-electric fixed-wing aircraft.
World
** Russia hit energy infrastructure in northern Ukraine in an overnight missile and drone attack and caused a huge fire in the west of the country, resulting in an increase in chlorine levels in the air, Ukrainian officials said on Tuesday.
** An arbitration panel that will decide a high-profile fight between Exxon Mobil and Chevron will delve into the secret value of Hess’ oil riches in Guyana, four people familiar with the matter said.
** China approved 11 nuclear reactors across five sites on Monday, a record amount of permits as the government leans even more heavily on atomic energy to support its push to cut emissions.