Energy Pipelines’ Bad Year Has a Silver Lining

Low oil prices aren’t exactly at the top of pipeline operators’ wish lists, but they do come with one possible upside: They could help boost the value of existing infrastructure. Depressed oil demand has led energy companies across the value chain—from those pumping it, to those transporting, refining and converting it into other products—to holdContinue reading “Energy Pipelines’ Bad Year Has a Silver Lining”

Trump-Era Tax Rule Benefiting Some Multinationals May Get Revised Under Biden

WASHINGTON—A Trump administration regulation that cut the tax bills of companies such as Philip Morris International Inc. and Sealed Air Corp. could be poised for reversal in 2021 as the Biden administration tries to deliver on its campaign promise to raise taxes on corporations. The rule, which gives some corporations a path out of aContinue reading “Trump-Era Tax Rule Benefiting Some Multinationals May Get Revised Under Biden”

Covid-19 Resurgence and the Election Changed Calculus for Aid Negotiators

WASHINGTON—When Rep. Ro Khanna called for Democrats to embrace a $1.8 trillion deal with the White House back in mid-October, House Speaker Nancy Pelosi wasn’t happy. “Ro Khanna, that’s nice. That isn’t what we’re going to do,” Mrs. Pelosi said on CNN, when asked about a tweet from her fellow California Democrat urging leaders to finalize anContinue reading “Covid-19 Resurgence and the Election Changed Calculus for Aid Negotiators”

U.S. Stocks Edge Lower as Covid-19 Cases Rise

The Dow Jones Industrial Average slipped Monday, after hitting a record last week, as investors worried that elevated Covid-19 infection levels could weigh on economic growth through the winter months. The blue-chip index fell 165 points, or 0.6%, in morning trading. The S&P 500 declined 0.2%, while the technology-heavy Nasdaq Composite rose 0.5%. Stocks have rallied toContinue reading “U.S. Stocks Edge Lower as Covid-19 Cases Rise”