**General News:**
• The Federal Reserve announced its biggest interest rate hike in more than a quarter-century. The Fed is raising benchmark interest rates three-quarters of a percentage point to a range of 1.5%-1.75%.
• President Biden called on U.S. oil refining companies to produce more, saying they need to help alleviate the burden of high prices on consumers.
• General Motors announced it is investing $81 million at its global design and technology campus in suburban Detroit to hand build the upcoming Cadillac Celestiq – a new electric flagship car for the brand that will be produced in limited quantities.
• Moderna and Pfizer’s Covid-19 vaccines for infants through preschoolers have moved a step closer to authorization by the Food and Drug Administration.
• Spotify is following several other big-name companies and is slowing hiring by 25%.
• While all entrances of Yellowstone National Park are temporarily closed because flooding has damaged roads and bridges, the park’s northern portion, in particular, may remain closed for a substantial length of time.
• Cosmetics giant Revlon filed for Chapter 11 bankruptcy protection as it grappled with a cumbersome debt load and a snarled supply chain.

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