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slash Wall Street.

Trump loyalist turned nemesis Michael Cohen testifies that the former president

told him to drag out hush money talks and inflation's hitting small businesses

especially hard what they can tell us about persistent price

pressures. Small businesses are a big part of the economy. Businesses with

fewer than 500 employees employ about 45, 46% of workers in the US in terms of

non-governmental private sector employment.

Plus, Melinda French Gates is resigning from the Gates Foundation.

It's Monday, May 13th.

I'm Anne Marie Fertoli for the Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that

moved the world today.

A little known but powerful regulator has finalized sweeping new rules designed to boost

renewable energy and meet surging electricity demand in the U.S.

The rules approved by the Federal Energy Regulatory Commission are expected to make it easier

for big regional transmission projects to get approval and avoid log jams.

One will require companies that produce and transmit electricity to weigh factors like supply and demand over at least two decades.

Another addresses permitting of critical projects in areas without adequate transmission capacity. Michael Cohen, Donald Trump's former personal lawyer and fixer, says the former president

directed him to make a payment to silence a porn star whose story could have derailed his 2016

...