- The Trump administration will approve TransCanada's (TRP +1.1%) Keystone XL oil pipeline by Monday, reversing former Pres. Obama’s controversial decision, Politico reports.
- The undersecretary for political affairs plans to sign the pipeline’s cross-border permit on or before Monday, the last day for the 60-day timeline that Pres. Donald Trump ordered in January, according to the report.
- While the permit will eliminate a crucial barrier for the pipeline, other hurdles still remain, including winning approval for the project in Nebraska and from landowners there who have denied it the right of way.