📬Daily Brief: China’s outlook: negative

China’s credit outlook was downgraded. Credit rating agency Moody’s said a slowing economy — along with the ongoing property crisis — was behind the decision to give its outlook for Chinese sovereign bonds a negative rating. ExxonMobil’s $60 billion deal to buy a Texas oil company faces regulatory scrutiny. The US Federal Trade Commission is investigating the oil giant’s proposed acquisition of Pioneer Natural Resources, which would be one of the biggest energy mergers in 20 years. Tesla’s cheapest EV is getting more expensive in the US in 2024. The Model 3 will lose half its federal tax credit, thanks to stricter battery sourcing rules. This year’s COP has 2,456 fossil fuel lobbyists. That figure, calculated by Kick Big Polluters…