From the Wonk Room.
Wildfires fueled by “high winds and bone-dry conditions” raged through Oklahoma and Texas, burning over 200,000 acres of land. In Texas, the fires destroyed two towns and killed three people, while in Oklahoma, “losses from wildfires could reach $20 million dollars.”
Michigan officials “announced investments in four new operations that would employ several thousand workers” in advanced battery production collectively worth about $1.7 billion. The projects “illustrate the state’s burgeoning hold on the vehicle battery production market.”
St. Louis-based Peabody Energy Corp, the world’s largest coal company, announced “first-quarter profit tripled” to $170 million.