GE Vernova is a player in helping provide fuel for AI, but data centers are still a minority of the booming demand for its gas turbines, a top exec said.
Why it matters: "If you think about ... industrialization, electrification, that's really what I would say is driving the bulk of our orders last year and really into this year," said Eric Gray, CEO of GE Vernova's gas power business.
Major flooding in eastern Australia has killed four people, and at least one person is missing in an extreme weather event with strong links to climate change, officials said Friday.
The big picture: Officials in Australia's most populous state, New South Wales, made a natural disaster declaration in response to record rainfall that's isolated more than 50,000 people, with large amounts of rain falling in state capital Sydney and elsewhere.
The 2025 Atlantic hurricane season is expected to be above normal, NOAA meteorologists said Thursday in their annual forecast.
Why it matters: The outlook comes as the Trump administration explores downsizing or dismantling FEMA, the federal agency tasked with responding to storms and other natural disasters.
Senate Republicans voted to move forward with repealing California's EV mandate — ignoring opinions from the Government Accountability Office and Senate parliamentarian.
Why it matters: Democrats have called it the "nuclear option," warning Republicans are setting a new precedent for what kind of rules can be undone by Congress.
