
AI-generated summary
The Trump administration is evaluating policy options to address record-high diesel prices, with Treasury Secretary Scott Bessent confirming an examination of export ban feasibility.
The Trump administration is examining whether a diesel export ban is a feasible way to address record-high prices for the critical fuel, Treasury Secretary Scott Bessent said Tuesday.
"We're examining whether it's feasible in terms of the overall refining capacity and whether a full or partial ban would work," Bessent said at a bilateral meeting between President Donald Trump and Ukrainian President Volodymyr Zelenskyy at the United Nations.
Trump said a decision would be made "fast one way or another" on whether to impose an export ban.
AI outlook — possibilities, not facts
The Trump administration will announce a decision on whether to implement a diesel export ban in the near term.
Likely · Within days

President Donald Trump disclosed more than 1,100 securities transactions made on his behalf in July, including sales of as much as $25 million each of Microsoft and Amazon shares, as his investment portfolio underwent heavy trading. The 1,156 purchases and sales totaled between roughly $79 million and $270 million, with purchases at least $43.6 million and sales at least $35.6 million, according to a CNBC analysis of Trump's latest financial disclosure. The largest transactions were July 20 sales of between $5 million and $25 million each of Microsoft and Amazon, with additional purchases reported three days later. Tech stocks saw a market boom on July 20, adding $291 billion in market value in one day.

California wine growers are struggling to sell grapes due to a sustained decline in wine sales, forcing many to harvest at a loss, leave fruit on the vine, or replace vineyards with higher-demand crops like almonds and olives, with some uprooting generational vineyards as demand continues to fall.

Agriculture Secretary Brooke Rollins advised Americans to consider alternative proteins like chicken and pork as beef prices remain high. Rollins blamed the previous administration for supply constraints while noting that the current administration is working to lower costs.

Novo CEO Mike Doustdar told CNBC that the pharmaceutical giant is considering M&A opportunities to counter growing competition in the crowded weight-loss market, following investor pressure and a recent share price drop.

U.S. Treasury yields edged lower early Tuesday as investors awaited key employment figures and remarks from Federal Reserve officials. Meanwhile, oil prices rose after U.S. Treasury Secretary Scott Bessent announced a shutdown of all Iranian airlines.

Novo CEO Mike Doustdar told CNBC that the pharmaceutical giant is considering M&A opportunities to address growing competition and fill drug pipeline gaps in the crowded weight-loss market.