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Wall Street opens little changed as focus moves to economic data

Wall Street was steady at the open on Tuesday as focus shifted from the U.S. election to key inflation data later in the week for more signals on the country's economic and monetary policy outlook. The Dow Jones Industrial Average rose 66.1 points, or 0.15%, at the open to 44,359.21. The S&P 500 rose 2.3 points, or 0.04%, at the open to 6,003.6​, while the Nasdaq Composite dropped 8.9 points, or 0.05%, to 19,289.814 at the opening bell.

The Wall Street CEO raising his hand to run Trump’s economy

(Bloomberg) -- The text to Elon Musk: a picture of giant scissors. Musk’s text back: a picture of a sword.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationThe person on the other end: Howard Lutnick — Wall Street billionaire, MAGA believer and head-hunter-in-chief to Donald Trump

Biden EPA to charge first-ever ‘methane fee’ for drilling waste by oil and gas companies

Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain levels under a rule being made final by the Biden administration. The Environmental Protection Agency rule follows through on a directive from Congress included in the 2022 climate law. The new fee is intended to encourage industry to adopt best practices that reduce emissions of methane — the primary component of natural gas — and thereby avoid paying. Methane is a climate “super pollutant” that is far more potent in the short term than carbon dioxide and is responsible for about one-third of greenhouse gas emissions.