QUICK HITS

Ex-Senegal PM concedes presidential election:

Former Senegalese prime minister Amadou Ba conceded the presidential election based on preliminary results a day after the vote, a statement from his campaign said. Bassirou Diomaye Diakhar Faye’s expected victory reflected frustration among youth with high unemployment and concerns about governance in the West African nation.

Serbians protest Kushner project:

A group in Serbia launched a petition against a real estate development project that would be financed by the firm of Jared Kushner, Donald Trump’s son-in-law, at the site of the former Serbian army headquarters destroyed in a NATO bombing campaign in 1999. Kushner confirmed reports that his company plans to finance the project in central Belgrade, which would feature a highrise hotel, a luxury apartment complex, office spaces and shops. The petition asks Serbia’s government to respect the law, which says the building can only be returned to its original function. It also calls for the Museum of Serbian History to be established there.

Deal could bring 1,000 jobs to Kentucky:

Century Aluminum Co. has singled out northeastern Kentucky as its preferred site for a smelter that would bring about 1,000 permanent jobs to an Appalachian region hit hard by the loss of coal and steel production. Plans to build a smelter that produces dramatically lower emissions will be supported by $500 million from the U.S. Department of Energy. The project has the potential to become the largest investment on record in eastern Kentucky, Democratic Gov. Andy Beshear said.

Detroit wins investment grade rating:

Once-bankrupt Detroit has won its first investment-grade rating after an upgrade by Moody’s Ratings, marking a major step for the city, which long has struggled with high unemployment and poverty rates. The credit rating firm raised the Michigan city’s debt two notches, to Baa2 from Ba1, citing its “expectation that the city will continue to bolster its financial resiliency and maintain the track record of solid operating performance that has been seen over the past several years.” The city filed for Chapter 9 bankruptcy in 2013.

Gas prices may hit $4 a gallon this summer:

Gas prices this summer are set to climb to the highest since the summer of 2022 — to $4 a gallon — as oil rises amid supply concerns. Futures and pump prices have been boosted the past few weeks by the transition to summergrade gasoline and as inventories shrink to the lowest since December. Attacks on Russian refineries have taken about 600,000 barrels a day of capacity, further enforcing concerns.