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"Despite the 'energy emergency' claims, the US is producing energy in record quantities," JPMorgan Asset Management wrote.

Christian Sewing, the CEO of Deutsche Bank, is the latest to express support for his company's DEI initiatives.

The tournament involves amateur players — a roster of celebrities, sports stars and business leaders — playing alongside the professional golfers as part of the competition.

More than a dozen major U.S. companies have made headlines for rolling back their diversity, equity and inclusion (DEI) programs over the past year, but many are still standing firm.