Big Day For Big Tech

The Biden administration struck an $8.5 billion deal with Intel to build chip plants in Ohio, New Mexico, Arizona, and Oregon, aiming to boost domestic manufacturing and national security. The Federal Reserve kept benchmark interest rates steady despite inflation concerns, with Chair Jerome Powell emphasizing caution. An EPA plan with the Biden administration aims to make over half of all vehicles sold electric by 2032, imposing fines on gas vehicles to push the transition. The 5th U.S. Circuit Court of Appeals doubts Texas' immigration law aligns with federal jurisdiction. In Ohio, Bernie Moreno, backed by Trump, won the Republican primary, illustrating Trump's ongoing influence. Alabama's Governor Kay Ivey signed a law banning DEI programs, raising concerns about discussions on race and transgender rights. Lastly, Shohei Ohtani's interpreter, Ippei Mizuhara, was fired by the Dodgers over alleged illegal gambling and theft, now under investigation. The 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)