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• Texas Energy Fund moves closer to implementation
  The Public Utility Fund of Texas has completed its work on rules for...
  The Public Utility Fund of Texas has completed its work on rules for the Texas Energy Fund, which will be backed by taxpayers and will provide reimbursements to natural gas power plants of 10% for those completed by June 1, 2026, and 6.7% for those completed by June 1, 2029. Applications will open on Jan. 1, 2025, with developers including NRG, Vistra and Calpine indicating they are likely to participate.
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• Potential rewards, risks of deeper Permian zones
  Companies including Continental Resources and Marathon Oil have been...
  Companies including Continental Resources and Marathon Oil have been among those exploring deeper Woodford and Barnett Permian zones. These zones have untapped potential, but also carry risks such as higher drilling expenses and less predictability, say experts.
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• Columbia University Crackdown
  Dozens of New York City police officers entered Columbia University's...
  Dozens of New York City police officers entered Columbia University's campus last night after student protesters overtook an administrative building earlier in the day. The students, who were arrested and led out of the building by police, are expected to face charges, including trespassing and criminal mischief. The development marks an escalation in campus tensions over the ongoing Israel-Hamas war.
  
  Elsewhere, Portland State University closed its campus after student protesters broke into a school library, and the University of North Carolina at Chapel Hill canceled its classes. Arrests across universities continued; over 1,000 people have been arrested so far. See all updates here.
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• ☕️What Else is Brewing Wednesday Morning
  Amazon’s ad revenue is soaring, thanks to commercials. The...
  Amazon’s ad revenue is soaring, thanks to commercials. The e-commerce giant that tries to sell you toilet paper in between episodes of Fallout generated $11.8 billion in Q1 advertising revenue, demolishing analysts’ expectations due to its addition of streaming ads in default Prime Video subscriptions. Ad sales were up 24% from the same period a year ago, when the company had yet to include commercials on its streaming platform. The ad boom powered Amazon to a big earnings beat, posting $143 billion in total revenue for the quarter.
  
  Meta is being investigated by the European Union for its handling of disinformation ahead of parliament elections in June.
  
  Women should get mammograms every other year starting at age 40, according to new guidance from the US Preventive Services Taskforce, due to rising rates of breast cancer in people under 50.
  
  Donald Trump was held in criminal contempt, fined, and threatened with jail time by a New York judge for repeatedly violating a gag order in his hush money trial.
  
  Subway completed its sale to the private equity firm Roark Capital for $9.6 billion.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for June delivery fell 70 cents to $81.93 per...
  Benchmark U.S. crude oil for June delivery fell 70 cents to $81.93 per barrel Tuesday. Brent crude for June delivery fell 54 cents to $87.86 per barrel.
  
  Wholesale gasoline for May delivery fell 4 cents to $2.71 a gallon. May heating oil fell 2 cents to $2.51 a gallon. June natural gas fell 4 cents to $1.99 per 1,000 cubic feet.
  
  
  
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