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Investing.com -- Darling Ingredients (NYSE:DAR) stock fell 4.6%, Archer-Daniels-Midland (NYSE:ADM) dropped 6%, and Bunge Global (NYSE:BG) declined 4.7% Wednesday following a Reuters report that the Trump administration is considering delaying proposed cuts to biofuel import incentives.
According to sources familiar with the matter, the Environmental Protection Agency (EPA) is weighing a plan to postpone implementation of the cuts until 2027 or 2028, rather than the originally planned January 1 start date. The proposal would have reduced the value of renewable fuel credits for imported biofuels by half compared to domestic ones.
The potential delay comes amid pressure from U.S. refiners who argue the move could raise costs and tighten fuel supplies. The American Petroleum Institute and other oil industry groups have warned that limiting credits for foreign supply could constrain availability and push fuel prices higher.
The proposal was initially pitched as part of Trump’s "America First" energy agenda to boost domestic production and reduce reliance on foreign supply. A delay would likely please domestic oil refiners with investments in bio-based diesel but could frustrate U.S. farmers and biofuel producers who stood to benefit from the incentive structure favoring domestic production.
The EPA said it is reviewing public comments ahead of issuing final rules in the coming months but declined to comment specifically on the potential delay. The White House has not responded to requests for comment on the matter.
The decision is particularly significant for the bio-based diesel sector, which relies heavily on imports to meet federal mandates.
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