House Passes Bill To Ensure Data Centers Cover Their Own Energy Costs

First Qatar Supply Shock, Now Cyclone Chaos Slams Major Australian LNG Plants In a troubling overnight development that could further deepen the Gulf energy shock, especially in global LNG markets, a tropical cyclone has disrupted operations at three major Australian LNG facilities, which together account for roughly 8.4% of global supply. The timing is alarming: Iranian strikes have already knocked out about 17% of Qatar's LNG export capacity, with repairs potentially taking years. The Australian outages now add near-term supply risks for buyers, particularly in Asia and Europe, who are...

Trader Makes $23 Million In One Day With Massive S&P Call Purchase Hours Before Ceasefire A trader who made a large bet on a stocks rocketing in the coming weeks is up about $23 million in paper profit today, according to Bloomberg. The unknown trader spent $12 million premium on 6800 lots of 6950 S&P 500 Index Options (SPX) calls for May 8 expiry, when the index was at 6556.21; the trade was executed around 10:20 a.m. Eastern on Tuesday, just hours before Trump's announcement of a 2-week ceasefire which sent...

Waste Of The Day: Medicare Paid For Wrong Organs Authored by Jeremy Portnoy via RealClearInvestigations, Medicare spent an estimated $380 million acquiring human organs that were either transplanted into patients without Medicare or never transplanted at all, according to a new Department of Health and Human Services inspector general audit. Key facts: Medicare reimburses hospitals for removing kidneys, hearts, lungs and other organs from donors after they die. Federal law says Medicare should only bear those costs when the organ is used in a Medicare-covered transplant. But decades-old Centers for Medicare & Medicaid...