Ursula von der Leyen is running for a second five-year term as president of the European Union's executive commission. She is popular, but her re-election is not a foregone conclusion.

Shares of liquified natural gas (LNG) companies jumped Monday after the European Union agreed to purchase $750 billion of energy from the U.S. LNG exporters Cheniere and Venture Global were up about 3% and more than 4%, respectively. NextDecade and New Fortress Energy, which build LNG infrastructure, jumped more than 2% and about 3%.

The tariffs, or import taxes, paid when Americans buy European products could raise prices for US consumers and dent profits for European companies and their partners who bring goods into the country.

Ursula von der Leyen, President of the European Commission, speaks during a press conference after a board meeting of the Christian Democratic Union in Berlin, Germany, on Feb. 19, 2024.

At his golf course in Scotland the president and Ursula von der Leyen, the head of the European Commission, unveiled the outline of a preliminary trade agreement. The bloc has pulled off a tricky balancing act: making enough concessions to keep Mr Trump happy,