The chances of a mega-merger in the airline industry now appear slim, but a spike in jet fuel prices still has the weakest players scrambling for options.
Why it matters: A prolonged rise in jet fuel prices — a quarter of an airline's costs — will widen the divide between the haves and have nots in the industry, potentially winnowing out some of the budget players.
Meta has reserved generating capacity from Overview Energy, a startup that hopes to deploy satellites that direct solar energy to the ground round-the-clock.
Why it matters: Monday's announcement shows how AI giants are pushing the tech envelope in their quest for electricity.
The carbon removal industry is reframing its pitch to win support in the Trump era, by focusing on energy dominance over climate change.
Why it matters: Billions of dollars have already flowed into a sector built to fight global warming, and its future may depend on how well it fits President Trump's priorities.
Iran gave the U.S. a new proposal to reopen the Strait of Hormuz and end the war, with nuclear negotiations postponed for a later stage, according to a U.S. official and two sources with knowledge.
Why it matters: The diplomacy is in a stalemate, and the Iranian leadership is divided about what nuclear concessions should be on the table. The Iranian proposal would bypass that issue en route to a faster deal.
