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Wednesday, January 22, 2025

Trump US energy emergency order should withstand court challenges

 U.S. President Donald Trump's declaration of a national energy emergency to boost drilling and speed up pipeline construction should withstand court challenges but will not allow oil and gas producers to skirt all environmental laws, according to legal experts.

Trump, a Republican who campaigned on a promise to "drill baby drill," has said the declaration will speed permitting and approval of energy projects to fix what he has called an inadequate and unaffordable U.S. energy supply.

The U.S. is the world's largest oil producer and the world's largest exporter of liquefied natural gas, according to U.S. Energy Information Administration data.

Trump's energy declaration, among the executive orders he signed his first day in office, invokes a federal law giving the president broad discretion to declare emergencies and unlock special powers. Legal experts say challenging the declaration itself in court would likely be futile because courts rarely question the president's judgment in using the National Emergencies Act.

"The law doesn't define what an emergency is, and so far no court has been willing to overturn a finding that there is an emergency," said University of California, Berkeley Law School professor Dan Farber.

The National Emergencies Act can unlock presidential powers in 150 different statutes but has limited reach into environmental laws and regulations.

The true legal tests will likely arise in implementation of the order, which directs federal agencies to scour their books for laws and regulations that could be used to speed along approval and permitting for projects like drilling, refining and pipeline construction.

The order cites laws including the Clean Water Act, Endangered Species Act and Mammal Protection Act, which impose review and permitting requirements on energy projects.

"It could expedite energy projects but also harm water standards, endangered species protections, fill in the blank," said Emory University School of Law professor Mark Nevitt.

"There's a reason those emergency regulations aren't tapped on a day-to-day basis."

Erik Schlenker-Goodrich, Executive Director of the Western Environmental Law Center, said he expects most of the legal fighting to arise over what federal agencies actually do, rather than the declaration itself.

"We anticipate that political appointees will work to implement Trump's agenda through secretarial orders and specific agency actions, whether regulatory rollbacks, new lease sales, drilling permits, pipeline approvals, etc. That's where the fight will prove most intensive," Schlenker-Goodrich said.

The emergency declaration could be a useful tool for defending those agency decisions in court, providing a national security rationale that judges would be unlikely to question, some experts said.

The order includes a prominent role for the president's National Security Advisor, who could sign off on reports concluding that certain regulatory rollbacks are necessary to protect vital national interests.

"Once you have that badge of approval from the National Security Council, you can flash it to every federal judge that tries to stand in the way, because courts consistently defer to national security claims," said Tyson Slocum of the consumer advocacy group Public Citizen.

Environmental groups have condemned the energy emergency order, saying climate change driven by fossil fuels consumption is the true emergency.

But some have said they do not expect to file lawsuits until they see what the administration actually does.

"It's hard to challenge an executive order in general," said Brett Hartl of the Center for Biological Diversity. "If they start doing things that are egregious and use the executive order as a rationale, we would be prepared to sue," Hartl added.

David Doniger, a senior attorney with the Natural Resources Defense Council, said in a statement that the emergency declaration does not override other laws and that any regulatory rollbacks outlined in executive orders will have to be done through proper legal channels.

"We certainly will challenge rollbacks that lack legal and scientific support."

While Trump can encourage new drilling by rolling back regulations and pushing for more fossil fuel output in places like Alaska, the cadence at which oil and gas production increases will ultimately be decided by energy companies and market forces.

Many energy firms have restrained growth in recent years to focus on shareholder returns and buybacks after investors soured on the sector. Meanwhile, natural gas producers are looking to a boom in new U.S. LNG facilities to boost demand after cutting output in 2024 as prices fell to the lowest in decades.

https://www.marketscreener.com/news/latest/Trump-US-energy-emergency-order-should-withstand-court-challenges-48840168/

ArriVent License Pact for Antibody Drug Conjugate for Gastrointestinal Cancers

 

  • Exclusive global license outside of Greater China for MRG007, a novel antibody drug conjugate (ADC) in development for gastrointestinal (GI) cancers
  • First Investigational New Drug (IND) submission planned for 1H 2025
  • Expands ArriVent’s growing pipeline of next-generation ADCs

Cytokinetics started at Buy by Stifel

 Target $80

https://finviz.com/quote.ashx?t=CYTK&ty=c&ta=1&p=d

'Oracle's Larry Ellison Says Cancer Vaccine Tailored In 48 Hours Could Soon Be Reality'

 Oracle Corp. 

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 co-founder Larry Ellison unveiled plans for an artificial intelligence-driven cancer vaccine system that could deliver personalized treatments within 48 hours, speaking at a White House briefing alongside tech leaders and President Donald Trump on Tuesday.

What Happened: The announcement came as part of a broader $500 billion AI infrastructure initiative called Stargate, a joint venture between Oracle, OpenAI, and SoftBank Group. The project will establish massive data centers across the United States, starting with a facility in Abilene, Texas.

“We can diagnose cancer using AI through a simple blood test,” Ellison explained during the briefing. “Once we sequence the genes of that cancer tumor, we can design an mRNA vaccine for each individual robotically using AI in about 48 hours.”

The initiative sparked a rally in AI-related stocks, with Oracle shares climbing 7.17% to close at $172.57. Other tech companies also saw significant gains, with NVIDIA Corp. 

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 rising 3.95%, Arm Holdings plc 
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 up 8.94%, and Dell Technologies Inc. 
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 advancing 4.20%

UK Warns Russian Spy Ship Entered Waters, Loitered Over Undersea Cables

 Amid heightened concerns over a series of undersea cable disruptions in the Baltic Sea—believed to be caused by anchor draggings—European security officials have been alarmed by the possibility of hybrid attacks targeting critical infrastructure by Russia or China. Adding to the unease, Britain's defense minister issued a warning on Wednesday about a Russian spy ship operating in UK waters. 

UK Defence Secretary John Healey made clear to the House of Commons that a Russian spy ship, Yantar, had been detected in the English Channel and loitered over critical undersea infrastructure. This was first reported by the Financial Times

"Russia remains the most immediate and pressing threat to Britain ... and any threat will be met with strength and resolve," Healey said. 

He said the Yantar spy ship had passed through the Strait of Dover and into Dutch waters

Healey noted that a Royal Navy submarine surfaced near the Yantar to warn the crew that its every movement would be tracked. 

"I want President Putin to hear this message: 'We see you, we know what you're doing and we will not shy away from robust action to protect this country," the defense official told lawmakers. 

He added: "We will continue to call out the malign activity that Putin directs, cracking down on the Russian shadow fleet." 

Over the past 18 months, three alarming incidents have been reported in which commercial ships traveling to or from Russian ports are suspected of severing undersea cables in the Baltic region.

Source: WaPo 

The question remains whether the three incidents were acts of sabotage or merely just accidents. 

https://www.zerohedge.com/geopolitical/uk-warns-russian-spy-ship-entered-waters-loitered-over-undersea-cables

Federal Government Authorizes Arrests Of Illegal Immigrants At Schools, Churches

 by Zachary Stieber via The Epoch Times,

Acting Homeland Security Secretary Benjamine Huffman issued a directive on Monday that rescinds guidelines that barred federal officers from arresting illegal immigrants at so-called sensitive places, including schools, churches, and food banks.

The guidelines were released in 2021 during the Biden administration. While churches and schools had been off-limits for immigration-related arrests since 2011, Biden administration officials expanded the list of prohibited places to other settings such as food banks, homeless shelters, and playgrounds.

“We can accomplish our enforcement mission without denying or limiting individuals’ access to needed medical care, children access to their schools, the displaced access to food and shelter, people of faith access to their places of worship, and more,” then-Homeland Security Secretary Alejandro Mayorkas said at the time.

The guidelines covered officers with Customs and Border Protection (CBP) and Immigration and Customs Enforcement (ICE), both of which are within the Department of Homeland Security.

Rescinding the guidelines “empowers the brave men and women in CBP and ICE to enforce our immigration laws and catch criminal aliens—including [murderers] and rapists—who have illegally come into our country,” Huffman said in a Jan. 21 statement.

“Criminals will no longer be able to hide in America’s schools and churches to avoid arrest. The Trump Administration will not tie the hands of our brave law enforcement, and instead trusts them to use common sense.”

A second directive stopped the broad use of humanitarian parole, which the previous administration had used for millions of illegal immigrants. Parole will now be granted on a case-by-case basis, officials said.

Tom Homan, President Donald Trump’s border czar, said on Tuesday that deportation operations have already started.

“ICE teams are out there as of today,” he said.

‘Revolution of Common Sense’

Trump has vowed to carry out mass deportations of illegal immigrants. After taking office on Monday, he signed multiple executive orders related to immigration, including declaring a national emergency at the U.S.–Mexico border and clarifying that U.S. policy aims to prevent illegal entry, remove all illegal immigrants, and pursue criminal charges against those who facilitate their presence.

“With these actions, we will begin the complete restoration of America and the revolution of common sense,” Trump said in his inaugural address.

“All illegal entry will immediately be halted, and we will begin the process of returning millions and millions of criminal aliens back to the places from which they came.”

Immigration advocates have criticized the president over his immigration-related actions.

“Trump’s words and actions reveal the enormity of the danger we’re facing, which compels us all to mobilize to fight back,” Kica Matos, president of the National Immigration Law Center, said in a statement.

Groups that support limiting illegal immigration, on the other hand, backed the moves.

“President Trump has broad public support for his promise to remove millions of illegal aliens in this country, beginning with criminals, people who have been issued final orders of removal and the millions more who entered our country during the previous administration,” Dan Stein, president of the Federation for American Immigration Reform, said in a statement.

In recent days, the Department of Homeland Security has removed all members from its advisory committees, reinstated a program requiring asylum seekers who traveled through Mexico to wait in Mexico for their claims to be adjudicated, and ended the use of an application that allowed migrants outside of the United States to schedule appointments at U.S. ports of entry.

https://www.zerohedge.com/political/federal-government-authorizes-arrests-illegal-immigrants-schools-churches

"Settle Now, STOP This Ridiculous War!": Trump Eyes Tariffs, Russia Sees 'Small' Window on Ukraine Deal

 Russia says there is a 'small' window of opportunity to make a deal with Donald Trump over Ukraine, just one day after the US President threatened to impose sanctions on the Kremlin if Russian President Vladimir Putin refuses to negotiate.

"Compared to the hopelessness in every aspect of the previous White House chief (President Joe Biden), there is a window of opportunity today, albeit a small one," Russian Deputy Foreign Minister Sergei Ryabkov told an audience at the Institute for US and Canadian Studies in Moscow, a Russian think tank that focuses on US and Canadian affairs.

"Compared to the hopelessness in every aspect of the previous White House chief (President Joe Biden), there is a window of opportunity today, albeit a small one," he added. "It's therefore important to understand with what and whom we will have to deal, how best to build relations with Washington, how best to maximise opportunities and minimise risks."

Putin has repeatedly said that he's ready to negotiate an end to the war in Ukraine, but that Russia's current control of roughly one-fifth of the country would have to be accepted, and that Ukraine must remain neutral, Reuters reports.

Trump Threatens Tariffs

In a Wednesday post to Truth Social, Trump said he's not looking to 'hurt' Russia, but that he's going to do the country "whose Economy is failing, and President Putin, a very big FAVOR," adding "Settle now, and STOP this ridiculous War! IT’S ONLY GOING TO GET WORSE. If we don’t make a “deal,” and soon, I have no other choice but to put high levels of Taxes, Tariffs, and Sanctions on anything being sold by Russia to the United States, and various other participating countries."

The post follows Tuesday comments from Trump, in which he said "We're talking to (Ukrainian President Volodymyr) Zelenskiy, we're going to be talking with President Putin very soon," adding "We're going to look at it."

The United States has already slapped Russia with heavily sanctions over its invasion of Ukraine in February of 2022.

According to Trump, Ukraine has lost 700,000 soldiers in the war, and Russia nearly a million.

 https://www.zerohedge.com/geopolitical/settle-now-and-stop-ridiculous-war-russia-sees-small-window-deal-ukraine-trump