Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Thanks for joining us on this Thursday, May 8th. I'm Julie Morgan.

Energy firms fight new shipping rules. Boeing scores with China Airlines and Lilly wins in the weight-loss drug fight.

U.S. energy companies are asking the Trump administration to exempt liquefied natural gas tankers from a new rule that will require producers

to move a rising percentage of their exports on U.S. built ships. The administration stunned the industry

last month when it announced that LNG producers

would have to transport 1% of their exports on U.S. built ships starting in April 2028,

increasing to 15% in April 2047 and beyond.

According to Reuters, the American Petroleum Institute said in a letter to the

U.S. Energy Secretary and the U.S. Interior Secretary that this move could put the U.S. LNG industry

at a disadvantage because there are too few U.S.-built ships to meet the requirement.

The requirement for 1% of LNG exports to be transported

on U.S. built vessels will require as many as five American built ships by the end of the

decade, which is not feasible because it will take as long as five years to build one LNG

carrier at either of the two U.S. shipyards with docks long enough to

build such a ship. That was also part of the letter from Mike Summers, the CEO of API,

whose members include some of the largest U.S. energy companies such as ExxonMobil, Chevron,

and Schneer Energy. There are now 792 LNG carriers in operation globally

dominated by ships from South Korea and Japan, with 703 combined, while China has built 58,

but is rapidly expanding its footprint with 101 LNG carriers on order.

Five LNG carriers come from U.S. shipyards, but they're from

the 1970s and are laid up and not currently in use. China Airlines announced an order for Boeing

...