Bulletin Brief

Biden administration invests $8.5B in Intel for US computer chip plants (NBC) (CBS)

The Federal Reserve announces interest rates to remain steady to battle inflation (CBS) (NBC) 

EPA releases ambitious plan to reduce emissions and increase EV usage (AP) (Reuters) 

An Update to Texas Law SB4 (NBC)

Bernie Moreno wins Ohio Primary with Trump’s approval (NYT)

Bama Governor bans DEI programs at public institutions (NBC)

Shohei’s interpreter gets fired for alleged major theft (AP)

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For those who read...

In Must Know News…

• The Biden administration reached an agreement with the tech company Intel to build $8.5 billion worth of computer chip plants in Ohio, New Mexico, Arizona, and Oregon. This deal aims to strengthen domestic chip manufacturing to lessen reliability on foreign imports while also addressing impending national security and economic concerns.  
• The Federal Reserve announced that the central bank’s benchmark interest rates will remain unchanged due to increased concerns of inflation. Most officials are predicting three rate cuts later this year, despite recent evidence of inflation cooling. Chairman Jerome Powell emphasized the need to hold rates steady to prevent premature action that could risk higher inflation rates. 
• The EPA issued an ambitious plan with the Biden administration that will enforce automobile emission standards to reduce planet-warming emissions in passenger vehicles, with over half of all vehicles sold to be electric by 2032. A compromise made with Detroit automakers proposed imposing fines or production cuts for gas powered vehicles to gradually transition to meet EV market share goals.

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In Other Notable News…

• An update to yesterday’s story: The 5th U.S. The Circuit Court of Appeals has expressed doubt about Texas' claim that its new immigration law aligns with federal law.
• Bernie Moreno, a political newcomer, won the Ohio Republican primary with Donald Trump's endorsement. This highlighted the divide between the traditional Republican establishment and Trump's influence, with the victory showcasing Trump's enduring sway in the party.
• Alabama Governor Kay Ivey signed a law banning DEI programs in public institutions Wednesday, drawing criticism for potentially hindering discussions on race, gender, and identity and impacting transgender individuals' rights. 
• Shohei Ohtani's interpreter, Ippei Mizuhara, was fired by the Los Angeles Dodgers amid allegations of illegal gambling and a significant theft from the Japanese baseball star.