Biden’s push for EV, Penn National buys Score Media, Exxon considering net-zero carbon pledge

Myles Udland breaks down Thursday’s business headlines, including: Exxon considering a pledge to reduce its net carbon emissions to zero by 2050, President Biden preparing to sign an executive order to help prompt EV sales to 50% by 2030, and Penn National acquiring Score Media for nearly $2 billion.

Video transcript

MYLES UDLAND: All right, let's take a look at some of today's other top business headlines. Well, big oil continues to feel the pressure from ESG investors as "The Wall Street Journal" is reporting that Exxon is considering a pledge to become a net-zero carbon emitter by the year 2050. That is according to people familiar with the matter.

The Biden administration is also set to announce ambitious climate targets for the auto industry. The president is expected to signed an executive order on Thursday setting a voluntary target for US automakers to make 50% of their US sales either electric, hybrid, or hydrogen fuel cell vehicles by the year 2030. We're just a few weeks out from the start of football season here in the US, and Barstool parent company Penn National Gaming announced on Thursday that it has struck a deal to acquire The Score, a sports media and betting app, the top one up in Canada. That deal, worth about $2 billion in cash and stock.