California plans to sue the Trump administration, alleging it bought back the Golden State Wind offshore lease for about $120 million and required the money to be redirected into Gulf Coast oil and gas assets. The state says the move is part of a broader federal reversal of clean-energy policy that has already ended two of five California offshore wind leases, with nearly $2.6 billion spent on buybacks. The dispute underscores a shift in policy toward fossil fuels that directly supports oil assets through mandated investment.

The Federal Energy Regulatory Commission unanimously approved a new rule requiring grid operators to speed up interconnection for large power users, particularly AI data centers. The rule says data centers must pay the full cost of related grid upgrades and cannot pass those costs on to ordinary customers. Meta, Google, Amazon, Microsoft and Oracle are among the companies cited as having signed a “Ratepayer Protection Pledge.” The move targets long waits for power hookups in parts of the U.S., where data centers can face multi-year queues as infrastructure lags demand.

A U.S. FDA expert advisory committee is reviewing Moderna’s mRNA-based influenza vaccine candidate, mFlusiva. In a 40,000-person study of adults 50 and older, the shot showed about 27% relative efficacy versus another routinely used flu vaccine, and the FDA’s preliminary review reported no safety concerns. Moderna is seeking full approval for use in people ages 50 to 64 and authorization for those 65 and older while additional testing continues. The development is a clear regulatory and commercialization milestone for Moderna’s stock, with no direct link to commodities, indices, or macro assets.

The Trump administration is buying back Invenergy’s U.S. offshore wind leases for four early-stage projects for $765 million and says the company will shift that money into natural gas and geothermal development. The agreement raises total federal spending on similar buyback deals to nearly $2.6 billion. Invenergy plans natural gas facilities in Indiana, Wisconsin, Iowa, Kansas, and Missouri, while pursuing geothermal development in the West.