President Trump will appear at Sen. Dave McCormick's (R-Pa.) inaugural Pennsylvania Energy and Innovation Summit next month in Pittsburgh to discuss AI, energy and labor, McCormick's office tells Axios.
Why it matters: Trump's attendance at the July 15 summit at Carnegie Mellon University is a big win for McCormick's efforts to bring AI and energy leaders together for the first time.
The Senate's top Democrat tells Axios he's activated a multi-pronged strategy to salvage the 2022 climate law that he helped craft.
Why it matters: Minority Leader Chuck Schumer sees multiple pressure points to counter House-passed GOP legislation that largely halts the Inflation Reduction Act's unprecedented low-carbon energy tax credits.
General Motors is investing $4 billion to produce more gasoline vehicles in the U.S. to cope with the twin challenges of high tariffs and low demand for electric vehicles.
Why it matters: The plan — which includes shifting some production from Mexico — will no doubt be viewed as a win for President Trump's tariff policies.
A new business-backed group with GOP ties just launched a $2 million, three-week ad blitz to preserve IRA tax credits — and the framing is very Trump-y.
Why it matters: It comes during crunch time for hundreds of billions of dollars of tax incentives on the chopping block in the budget reconciliation fight.
Fresh projections add weight to a problem for President Trump's "drill baby drill" push — many companies won't follow along in this price and tariff landscape.
The big picture: A revised outlook from DOE's independent stats arm shows U.S. crude output sliding in the second half of 2025, and a small year-over-year drop in 2026.
