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• ☕️What Else is Brewing Thursday Morning
  Historybook: British Gen. Charles Cornwallis surrenders at Yorktown, effectively ending...
  Historybook: British Gen. Charles Cornwallis surrenders at Yorktown, effectively ending the Revolutionary War (1781); John Jay becomes first US chief justice (1789); Abolitionist and suffragist Lucy Stone dies (1893); Actor and director Jon Favreau born (1966); Black Monday stock market crash; Dow Jones drops 22% in one day (1987).
  
  Amazon has begun delivering prescription medicine by drone in Texas as it continues to try out nonhuman deliveries.
  
  Household wealth in the US surged during the pandemic, jumping 37% in the steepest climb ever seen in the Fed’s Survey of Consumer Finances, which it conducts every three years.
  
  Costco’s CEO will step down in January and be succeeded by the warehouse chain’s current president.
  
  The EU has banned the sale of loose glitter to cut down on microplastics. In Germany, people stocked up before the ban took effect this week as TV stars and influencers worried about losing the shiny craft item.
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• Closing Oil & Gas Prices for Wednesday
  Benchmark U.S. crude oil for November delivery...
  Benchmark U.S. crude oil for November delivery rose $1.66 to $88.32 a barrel Wednesday. Brent crude for December delivery rose $1.60 to $91.50 a barrel.
  
  Wholesale gasoline for November delivery rose 7 cents to $2.35 a gallon. November heating oil fell 4 cents to $3.14 a gallon. November natural gas fell 2 cents to $3.06 per 1,000 cubic feet.
  
  
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• Stocks end sharply lower as Treasury yields extend climb
  U.S. stocks fell Wednesday, feeling pressure as a continued bond-market...
  U.S. stocks fell Wednesday, feeling pressure as a continued bond-market selloff took Treasury yields to all-time highs. The yield on the 10-year Treasury note TMUBMUSD10Y jumped 5.6 basis points to close at 4.902%, based on 3 p.m. ET levels, its highest since July 2007. Stocks, which had previously held up to a renewed surge in yields, came under pressure, with the Dow Jones Industrial Average DJIA ending more than 330 points lower, a fall of 1%, near 33,665, according to preliminary figures, while the S&P 500 SPX shed 1.3% and the Nasdaq Composite COMP declined 1%.
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• Sources: Chesapeake, Southwestern in acquisition talks
  Chesapeake Energy has reportedly held intermittent discussions with peer Southwestern Energy about a...
  Chesapeake Energy has reportedly held intermittent discussions with peer Southwestern Energy about a potential acquisition. The prospective merger, which would unite two of Appalachia's largest natural gas operators, reflects a broader trend of consolidation in the US shale industry.
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• Biden arrives in Israel
  President Biden landed in Israel as the world waited for evidence of whether a Hamas-linked...

  President Biden landed in Israel as the world waited for evidence of whether a Hamas-linked group or Israel caused a devastating explosion yesterday at a hospital in Gaza City.

  
  

  The explosion, evidently from a missile, killed hundreds of people and injured hundreds more. (This video, verified by Times journalists, shows the moment the blast destroyed the hospital.)

  
  

  After Biden landed, he seemed to endorse Israel’s denial of responsibility. “Based on what I’ve seen, it appears as though it was done by the other team, not you,” he said. “But there’s a lot of people out there not sure.”

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