Photo: Chris McGrath/Getty Images

Solar and wind facilities are now the least expensive option for new power worldwide, except in Japan, according to the consultancy Bloomberg NEF.

The big picture: That's the top-line finding of their latest twice-yearly look at the so-called levelized cost of electricity — a metric that compares costs of building, running, supplying and maintaining different types of facilities over time.

The intrigue: The cost of new solar photovoltaic projects has dropped 13% over the past half-year — a bankshot effect of Chinese policy decisions to slow the growth of their utility-scale PV market.

  • This has "created a global wave of cheap equipment" that's pushing down costs, Bloomberg NEF said.

When it comes to onshore wind, their study shows a cost decrease of 6% since that last version of the study.

  • In many regions, building new wind farms is now more economically attractive than new natural gas plants in the U.S. despite the glut of shale gas, Bloomberg NEF said.

The bottom line: The report is a snapshot of the growing edge that renewables have in key markets around the world. 

  • The latest version of the study suggests that new solar and onshore wind are as cheap or cheaper than new coal in China, which wasn't the case in the prior edition of the twice-yearly analysis, according to Bloomberg NEF.

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After grilling the CEOs of Amazon, Facebook, Google and Apple last week, members of Congress are grappling with whether to accuse any of the firms of illegal anticompetitive behavior, to propose updating federal antitrust laws — or both.

The big picture: Congress is just one arm of government making the case against these companies. Google is expected to be the first of the firms to face possible antitrust litigation from the Justice Department before summer's end, but all four face a full-court press of investigations by DOJ, the Federal Trade Commission and state attorneys general.

Fauci: Coronavirus task force to examine aerosolized spread


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The White House coronavirus task force will examine more closely just how much SARS-CoV-2 might be transmitted via aerosols, and not just from droplets, NIAID director Anthony Fauci said Wednesday at an online forum sponsored by Harvard T.H. Chan School of Public Health.

Why it matters: The longer the coronavirus can remain infectious in the air, the more likely it can infect people, particularly indoors — leading to the possible need to alter air filtration and circulation within buildings.

The next wave to hit Main Street

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Call it the great retail wash. A wave of defaults, bankruptcies and evictions expected in cities across the U.S. is poised to remake the retail landscape across the country, but there may be some upside for consumers and small businesses.

Why it matters: Rather than an overnight descent into a collection of urban wastelands full of Starbucks, Amazon fulfillment centers, Chase bank branches and nothing else, the coronavirus pandemic and resulting retail apocalypse may just mean that, in major U.S. cities, less is more.