WASHINGTON-Four leading Chinese solar-cell manufacturers circumvented U.S. tariffs by routing some of their operations through Southeast Asia, a Commerce Department investigation found, according to people familiar with it.
The preliminary findings from the closely watched probe-expected to be unveiled Friday-are likely to accelerate importers' race to find alternative sources either domestically or from other places abroad to meet soaring demand for solar panels.
DOJ Watchdog Calls for Independent FTX Probe in Bankruptcy
A U.S. Justice Department bankruptcy watchdog called for an independent investigation into FTX's collapse, comparing the cryptocurrency platform's sudden failure to the fall of Lehman Brothers.
U.S. Trustee Andrew Vara, an official at the Justice Department unit monitoring bankruptcy courts, asked the judge overseeing FTX's chapter 11 case to appoint an independent examiner to provide a transparent account of FTX's failure because of the wider implications the exchange's collapse has on the crypto industry.
Biden EPA Proposes to Bump Share of Renewable Fuels in Blended Gasoline
The Environmental Protection Agency on Thursday issued a draft proposal that would force oil refiners to use more biofuel to blend with their products.
The proposal sets the volumes of renewable fuel that refiners are required to blend with transportation fuel under federal standards to 20.82 billion gallons in 2023 up from 20.63 billion gallons in 2022, an amount that would gradually rise to reach 22.68 billion gallons in 2025.
Fed's Top Banking Regulator Signals Tougher Bank-Capital Rules
WASHINGTON-The Federal Reserve's new regulatory chief on Thursday signaled plans to beef up big-bank capital requirements, potentially revisiting financial rules that were eased during the Trump administration.
Michael Barr, the Fed's vice chairman for banking supervision, said that the central bank is still conducting a broad review of its capital requirements but suggested the overall requirements appeared to be lower than they ought to be.
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
12-02-22 0612ET
