President Joe Biden on Wednesday afternoon said his administration had been in “very, very close contact with Colonial Pipeline” and there would be “some good news” in the next 24 hours. “I think we’ll be getting that under control,” Biden said. On Tuesday, the Biden administration said Colonial Pipeline would be in a position to make a “full restart decision” by the close of business on Wednesday as it aims to restore service substantially for its East Coast fuel artery by the end of the week following a cyberattack.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
