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Supreme Court justices appear reluctant to issue a ruling that would make big changes to how income is taxed and Wall Street's big bet on carbon offsets is starting to pay off.

Utilities and energy companies and to a degree technology companies, they don't really have a way to keep doing business

while cutting their emissions and their use of fossil fuels.

So they're very avid buyers of carbon offsets.

Plus Senator Tommy Tuberville is backing down in his months long fight over military promotions.

It's Tuesday, December 5th.

I'm Shelby Holiday for the Wall Street Journal

sitting in for Anne-Marie Fertoli.

This is the PM edition of What's News,

the top headlines and business stories that moved the world today.

As you may have heard in our morning show, a closely watched US Supreme Court case is signaling whether the

justices intend to rein in Congress's power to tax income. The case, which

involves a Washington state couple seeking a nearly $15,000 refund could have huge implications for taxpayers

...