Writing the summary…
Treasury yields rise as march to multiyear highs continues
Original reporting
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IRS hires Joseph Velli to help administer Trump accounts
Velli previously served on the boards of Paychex, Cognizant and Computershare.
Oil prices off highs after reports Saudi pipeline ramping back up
The Saudis shutdown the pipeline earlier this month after it sustained damage in a drone strike launched form Iraq.
Trump announces plan for $15 billion steel plant, would be largest in U.S. history
Trump's announcement with Mesabi Metallics comes as Americans' souring views of the economy are poised to shape the upcoming midterm election.
Elon Musk, SpaceXAI subpoenaed by NYC in AI safety investigation
The New York City Council issued a subpoena to Musk, requiring that he or another representative of SpaceXAI testify in an investigation concerning AI safety.
Supreme Court Justice Alito will not participate in big climate change case next week
Environmental groups had called for Supreme Court Justice Samuel Alito to recuse himself from the case involving ExxonMobil and Suncor Energy.
Meta hires MongoDB CEO CJ Desai to lead enterprise unit. MongoDB shares crater
Meta says it will focus on bringing its full technology stack, including Muse, Meta Business Agent, Muse API, Muse Code, and more to businesses and developers.