Axios

The Trump administration might suspend requirements that only U.S. ships can carry cargo between domestic ports as officials look to temper rising gasoline prices.

Why it matters: Possible waivers of the 1920 law, the Jones Act, show how the Trump administration is scrambling to ease the fuel price shock from the Iran war.

Rep. Jim Clyburn (D-S.C.) said Thursday he will seek another term in Congress, bucking a trend of generational change that has prompted other older House Democrats to retire.

Why it matters: The 85-year-old is poised to be the third-oldest member of Congress if reelected, with former House Speaker Nancy Pelosi (D-Calif.), 85, and former House Majority Leader Steny Hoyer (D-Md.), 86, both retiring.

AI may never be as cheap to use as it is today.

Why it matters: AI companies are hooking users with low prices that won't last — straight out of the Amazon and Uber playbook.