Biden Administration Resumes Oil Leases on Federal Land

WASHINGTON—The Biden administration introduced lease gross sales for oil and gasoline drilling on federal land Friday, however mentioned it might sharply cut back the acreage obtainable for leases and cost increased royalties on the oil and gasoline produced.

The Inside Division mentioned it might make roughly 144,000 acres obtainable for oil and gasoline drilling by way of a collection of lease gross sales, an 80% discount from the footprint of land that had been beneath analysis for leasing.

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Musk Provides to Purchase Twitter at $43 Billion Valuation

Elon Musk went full-on company raider every week into his rolling conflict with Twitter Inc., providing a $43 billion bid for the corporate and warning he would possibly promote his stake within the service if rebuffed.

The Thursday provide was the newest in a will-he-or-won’t-he saga between the world’s richest individual and the social-media service. The provide was without delay critical—Mr. Musk disclosed it in a federal submitting—and on the identical time tinged with humor, because the provide was for $54.20 per share, a barely veiled marijuana reference.