Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Thursday, April 11th. I'm Julie Morgan.

New regulation limits forever chemicals in drinking water, but at what cost and who has the potential

to benefit?

The DOJ is digging deeper into the deal between U.S. Steel and Nippon Steel, and the Senate

may be in favor of extending the timeline for Tik-Tok to divest from its parent company.

Compliance with the first ever U.S. regulation to limit forever chemicals in drinking water is expected to cost about 1.5 billion dollars annually.

This estimate is from the Environmental Protection

Agency, although some organizations believe it will cost more than three times

that amount. The new regulation sets limits for five P-FAS chemicals in drinking water.

Regulated public water systems have three years to complete initial monitoring for the chemicals.

Systems that detect P-FAS

above the new standards will have five years

to reduce the chemical levels.

The American Water Works Association,

which previously warned that the cost of compliance would exceed 3.8 billion dollars annually

said it's concerned that the rules health and financial impacts are not accurately characterized.

The Biden administration announced an additional $1 billion to fund P-fast detection and treatment

systems to meet the new standard.

The 2021 bipartisan infrastructure law provides for $9 billion to help communities impacted by

P-FAS and another 12 billion to make drinking water improvements.

However, the Water Works Association said this may not be enough.

...