News

On June 30, U.S. Treasury Secretary Becerra urged gas retailers to lower prices in alignment with the celebrations for the 250th anniversary of the founding of the United States this month, warning that the Trump administration is closely monitoring the situation. "I call on all gas retailers—whether they are large oil company affiliates, independently operated, or part of international convenience store chains—to demonstrate good corporate behavior," Becerra stated, "especially at this significant moment of the 250th anniversary, as we are closely watching."

Glonghui, June 30 — U.S. drone manufacturer AeroVironment has announced its fourth-quarter results, with revenue surging 133% year-on-year to $641.6 million, exceeding market expectations of $556 million. Adjusted earnings per share were $1.84, also above the market expectation of $1.46. CEO Wahid Nawabi stated in a release that with growing global demand for drones, counter-drone systems, and space technologies, the company is well positioned to benefit. The company forecasts fiscal 2027 revenue will range between $2.13 billion and $2.23 billion, with adjusted earnings per share between $3.02 and $3.34, compared with market expectations of $2.17 billion and $3.94, respectively.

BlockBeats news, on June 30, the US Supreme Court issued its latest ruling confirming that Federal Reserve Board members still enjoy personnel protection of "removal only for just cause," and the President does not have the authority to arbitrarily dismiss them, thereby maintaining the independence of the Fed’s monetary policy. However, the Supreme Court also ruled that the President can dismiss members of other independent regulatory agencies, such as the Federal Trade Commission (FTC), without cause, overturning legal precedents that had long applied to independent agencies, making the Fed nearly the only federal agency that still enjoys special personnel protection. Kathryn Judge, professor at Columbia Law School, stated that although the Fed's independence has been preserved, its legal foundation has noticeably weakened compared to the past decades and will require ongoing explanations to the public regarding the justification for its special treatment in the future. Former Fed Vice Chairman for Supervision Randal Quarles previously pointed out that reserving special personnel protection exclusively for the Fed is legally inconsistent and may still face new judicial challenges in the future. He believes that as the court has determined that most independent regulatory agency officials are part of the executive branch and can be dismissed by the President, why the Fed can be an exception remains a legal issue that awaits further answers.