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WASHINGTON — President Joe Biden announced Wednesday that he would authorize the sale of more oil from the country’s Strategic Petroleum Reserve as his administration scrambles to rein in high gas prices before the midterm elections. Speaking at the White House, Biden said the Energy Department would sell the remaining 15 million barrels of the 180 million barrels that were authorized for sale in March — a move that he argued would help drive down the price of gas and give families a bit of “breathing room.” “I have been doing everything in my power to reduce gas prices since Putin’s invasion of Ukraine caused these prices to spike and rattled international oil markets,” Biden said, referring to Russian President Vladimir Putin. A contractor works on a crude oil pipeline at the Energy Department's Bryan Mound Strategic Petroleum Reserve in Freeport, Texas, in 2016. Luke Sharrett / Bloomberg via Getty Images Biden said the administration will adopt a “ready and release plan” that wo...

In this article VSAT Follow your favorite stocks CREATE FREE ACCOUNT The offices of satellite operator Inmarsat in central London. Leon Neal | AFP | Getty Images The U.K.'s competition regulator launched an in-depth probe into American satellite internet company Viasat's $7.3 billion deal to buy British rival Inmarsat. The Competition and Markets Authority on Friday referred the takeover for a so-called "Phase 2" competition investigation, concerned it would make it harder for competitors such as Elon Musk's SpaceX, U.K. firm OneWeb and Canadian operator Telesat to do business with the aviation sector. Specifically, the CMA is worried the deal would lead to higher prices for onboard Wi-Fi on plane flights. The watchdog has said Viasat and Inmarsat "compete closely in the aviation sector, particularly for the supply of onboard wifi for passenger use." While these in-flight connectivity (IFC) services are only offered by a handful of players currently,...