White House to propose significant rollback in fuel economy standards, sources say

Wall Street closed lower amid growing concerns over a potential artificial intelligence (AI) bubble and persistent inflation, leading investors to retreat from the market. This downturn reflects a broader sentiment of uncertainty as traders react to fluctuating economic indicators.

A bipartisan group of US lawmakers has called for the implementation of export controls on synthetic DNA sequences, highlighting concerns over national security and the potential misuse of biotechnological advancements. This initiative aims to regulate the distribution of synthetic DNA to prevent it from falling into the wrong hands.

Elon Musk's social media platform, X, has been fined €120 million by the European Commission for breaching new digital laws, including deceptive practices related to verification badges. This fine has sparked a confrontation between Musk and European regulators, reflecting ongoing tensions in the tech industry regarding compliance with stringent regulations.

Brazil is set to auction the massive Santos container terminal in early March, as confirmed by a government minister. This auction is part of Brazil's ongoing efforts to enhance its port infrastructure and attract foreign investment in the logistics sector.

Nasdaq has submitted a new plan that grants it enhanced authority to block initial public offerings (IPOs) that are deemed vulnerable to market manipulation. This initiative aims to strengthen regulatory oversight and protect investors from potential fraud in the IPO process.

A recent report from the Netherlands has called for a substantial $176 billion investment in technology, alongside proposed cuts to jobless benefits. This initiative aims to bolster the country's tech sector and address economic challenges.

Russia's monthly oil and gas revenue is projected to reach its lowest level since August 2020, reflecting significant economic challenges amid ongoing geopolitical tensions. This decline is attributed to various factors, including fluctuating global oil prices and the impact of sanctions.

The S&P 500 index achieved its first record high close since October, reflecting a significant recovery in investor confidence. This milestone was reached despite recent fluctuations in the market, including a slight decline prior to this peak as investors awaited the Federal Reserve's interest rate decision.