Axios

The White House on Monday said it has "serious concerns" about the Venezuelan regime's claims that President Nicolás Maduro won re-election on Sunday.

Why it matters: The election's outcome could reverberate across the region and beyond as Maduro, who has been in office since 2013, has governed over a staggering democratic and economic collapse that has forced nearly 8 million Venezuelans to leave the country in the past decade.

Occidental Petroleum plans to sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for about $818 million.

Why it matters: This is part of Occidental's to-do list to fund its $12 billion takeover of CrownRock.

Don't look for luxury EV maker Lucid to join the crowded electric pickup truck race — CEO Peter Rawlinson says the math doesn't work.

Why it matters: Instead, Lucid hopes to forge its own path — and thrive in a tough space increasingly littered with financial casualties.