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The Biden administration has finalized a multibillion-dollar award for TSMC. made possible by the CHIPS and Science Act, marking a major milestone for the program.Ìý
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The administration will send its request to lawmakers on Nov. 18, according to a senior administration official who briefed reporters on condition of anonymity.

Norfolk Southern announced it will add an independent director to its board as part of a settlement with activist investor Ancora.

Nippon Steel Corp. is promising unionized workers of United States Steel Corp. that it won’t send steel shipments from its overseas mills as part of its commitments to seal a $14.1 billion takeover of the American company.

President-elect Donald Trump’s plan to revoke an up to $7,500 consumer tax credit for plug-in EVs would do more damage to the Detroit Three’s electrification prospects than to Tesla.Ìý

U.S. average gasoline prices are set to fall below $3 a gallon, just in time for Thanksgiving, when holiday travel is expected to climb back to pre-pandemic levels.

Members of President-elect Donald Trump’s transition team have told advisers they plan to make a federal framework for fully self-driving vehicles a Transportation Department priority.

The Biden administration won’t decide on any natural gas-export permits before the presidential term ends in late January, Energy Secretary Jennifer Granholm signaled.

GREENWICH, Conn. — GXO Logistics this year has laid off more than 500 employees in the U.S., while it plans to cut nearly 400 more positions across two sites, according to public records.