Another offshore wind firm is seeking a payout as Trump stifles sector

The Trump administration agreed to pay French energy giant TotalEnergies nearly $1 billion to abandon two planned offshore wind farms off the coasts of New York and North Carolina, redirecting the investment into oil, gas, and LNG projects instead.

Deer play a crucial role in ecosystems by regulating plant growth through grazing, serving as prey for large predators, and cycling nutrients back into the soil through waste and decomposition. They also spread seeds, supporting forest regeneration. Protecting deer and their habitats helps sustain the broader web of life that depends on them.

As of mid-May 2025, the U.S. economy is experiencing a complex interplay of factors. Recent easing of trade tensions, particularly with China, has led to a temporary boost in market confidence and a revision of recession forecasts.

The US-Israeli war on Iran enters day 26 with no ceasefire in sight. The Strait of Hormuz remains shut, diplomacy is stalled, and the UN is calling for an immediate end to hostilities.

The S&P 500 dropped 2.1% for the week and the Nasdaq fell 3.2% as surging oil prices, the ongoing US-Israel war on Iran, and growing stagflation concerns drove markets to their lowest levels in seven months