Catch up on the day’s news: EVs and hybrids get a boost, diversity crackdown, stretching studios

CNN’s 5 Things brings you the news you need to know.

👋 Welcome to 5 Things PM! Stretching studios are popping up everywhere as instructors use one-on-one sessions to help people with back, hamstring, shoulder and other stretches. Gyms have started offering classes. But sports medicine doctors say some of the benefits may be overblown, so don’t get too worked up over the latest fitness fad just yet. Here’s what else you might have missed during your busy day: 1️⃣ New tailpipe rules: The Biden administration finalized one of the most significant pieces of its ambitious climate agenda: new regulations for passenger cars and trucks that will push the US auto market toward electric vehicles and hybrids. 2️⃣ Diversity crackdown: Alabama Gov. Kay Ivey signed a sweeping bill into law that prohibits public schools and universities from maintaining or funding diversity, equity and inclusion programs. 3️⃣ Mom gets life term: An Ohio toddler died after her mother left her home alone while she took a 10-day vacation. A judge called it the “ultimate act of betrayal.” 📹Watch as judge issues scathing rebuke 4️⃣ Interest rates: The Federal Reserve held rates at a 23-year high for the fifth time in a row, keeping borrowing costs elevated. Stocks closed at all-time highs.