** U.S. President Donald Trump on Monday directed federal agencies to strengthen provisions in the One Big Beautiful Bill Act that repeal or modify tax credits for solar and wind energy projects.
** Colorado regulators hold off on enforcing a rule banning government entities from using small gas-powered lawn equipment that went into effect last month.
** California-based luxury startup Lucid now holds a Guinness World Record Holder for the longest journey by an electric car on a single charge, and the distance is genuinely impressive. Lucid managed to push its Air Grand Touring sedan to a distance of 747 miles in July, traveling between St. Moritz, Switzerland, and Munich, Germany.
** Earlier this week, Shell warned its second-quarter earnings would be weaker due to lower trade in gas and oil derivatives. Now, Exxon has joined its peer in the warning series, saying weaker oil and gas prices during the second quarter would affect its financial results, and rather substantially, at that.
** Sunnova says it will sell a portion of its residential solar installation business to Seattle-based Omnidian for $7 million as it navigates a recent bankruptcy.
World
** Houthi militia from Yemen have sunk the merchant ship Eternity C in the Red Sea, the EU military operation in the region said on Wednesday, the second such incident in four days. According to the European Union’s Aspides mission, a rescue operation conducted by a private company saved six people from the sea, while 19 crew members remain missing.
** Hess Corporation (HES) has officially exited Suriname’s offshore Block 59, marking the end of its exploration activities in the area after previously fulfilling its minimum work obligations, per a Reuters report. The announcement came from Staatsolie, Suriname’s state oil company, stated that the block would now revert to state control.
** Volatility in the battery-electric vehicle market, which has renewed interest in long-range plug-in hybrids and extended range EVs, is giving an added lift to DeepDrive, an electric motor start-up that has support from BMW and Volkswagen Group.
** Indian auto company Mahindra & Mahindra and parts maker Uno Minda are looking to make rare earth magnets locally to cut reliance on China, as New Delhi draws up incentives for production of the critical components, company and government sources told Reuters.