Trump Set to Roll Back Federal Fuel-Economy Requirements

In this Jan. 18, 2017, file photo, Environmental Protection Agency Administrator-designate, Oklahoma Attorney General Scott Pruitt testifies on Capitol Hill in Washington at his confirmation hearing before the Senate Environment and Public … Works Committee. On inauguration eve, five law professors filed a brief in support of a 2015 regulation giving EPA and the Army Corps of Engineers discretion to regulate tributaries and wetlands far upstream from navigable lakes and rivers to protect water quality.

Exxon’s New CEO Drives Oil Giant Into Post-Tillerson Era

Woods replaced longtime Exxon chief Rex Tillerson, now the Secretary of State, beginning Jan. 1. Less than three weeks later, Exxon disclosed Tillerson’s final deal: a large acquisition of land in the fast-growing Permian Basin that will cost up to $6.6 billion. It was Exxon’s largest deal since it agreed to buy XTO Energy in 2009.

Equity Futures Slip as Investors Await Fed Minutes

U.S. stock index futures dipped slightly on Wednesday as investors await details of the Federal Reserve’s last meeting for clues on the timing of the next interest rate hike. The Fed will release the minutes of its Jan. 31-Feb. 1 meeting at 2:00 p.m. ET , which could offer clues on whether the central bank will raise rates in March.

Trump names lawyer Lighthizer as top trade rep

President-elect Donald Trump announced Tuesday he will nominate lawyer Robert Lighthizer as U.S. trade representative, picking an experienced trade official who has questioned the conservative movement’s commitment to free trade. Lighthizer, who served as deputy USTR under President Ronald Reagan, would play a key role in Trump’s trade agenda.