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Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months.

LONDON — U.K.-based oil company BP is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive.

The Biden administration is poised to finalize billions of dollars in financing for electric vehicle maker Rivian Automotive and hydrogen manufacturer Plug Power.

Canada has drawn up an initial list of C$150 billion of U.S.-manufactured items that it would hit with tariffs if President-elect Donald Trump decides to levy tariffs against Canadian goods.

“If confirmed, we will craft clear regulations that balance safety, innovation and cutting-edge technology,” the nominee told senators Jan. 15.

FTR expects contract truckload rates to increase 2.2% on a full-year basis in 2025, adding that by the end of 2025, contract rates will be rising 5% year on year.

Sean Duffy, President-elect Donald Trump’s nominee to lead USDOT, promised to not interfere with ongoing NHTSA investigations into Tesla if confirmed as secretary.

Battery prices are set to fall for a third straight year — though not nearly as much as in the past, due to rising trade tensions and metals prices, according to analysts at BloombergNEF.

U.S. retail sales of medium-duty trucks declined year-over-year despite a sequential increase in December, according to data from Wards Intelligence.

OPEC forecast another year of steady oil demand growth, driven by India and China, in its first detailed assessment of 2026.