All articles tagged with #federal approval
The Trump administration is seeking rapid approval for a $400 million, 90,000-square-foot ballroom project at the White House, aiming for final approvals by March to begin construction shortly after, amidst criticism and legal challenges over the project's transparency and impact.
Palantir's stock surged to a new all-time high after its product suite received federal approval for processing sensitive workloads, enhancing its service offerings to government entities. The stock, which has quadrupled this year due to rising demand for its AI solutions, closed nearly 7% higher at just under $71. Technical analysis suggests a potential upside target of $89, though the stock is currently overbought, indicating possible short-term profit-taking. Key support levels to watch are $58.50, $45, and $38.
Federal regulators have approved the expansion of the Gas Transmission Northwest pipeline, known as GTN Xpress, in the Pacific Northwest, despite protests from environmental groups and West Coast officials. The project aims to increase the pipeline's capacity by 150 million cubic feet of natural gas per day. Environmentalists argue that the expansion goes against the region's climate change plans and poses a wildfire risk. The pipeline belongs to TC Energy, the same company behind the abandoned Keystone XL pipeline. Critics have expressed concerns about TC Energy's safety record. The decision has been condemned by Democratic governors and attorneys general from Washington and California, as well as Democratic U.S. Senators from Washington and Oregon. The project is seen as incompatible with the states' climate laws and is expected to result in significant greenhouse gas emissions.