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• Russia Oil Output Exceeds Expectation, But Pressure Looms, IEA Chief Says
  Russia’s oil output has exceeded expectations in the wake of the war in Ukraine but Moscow will find...
  Russia’s oil output has exceeded expectations in the wake of the war in Ukraine but Moscow will find it increasingly difficult to uphold production as Western sanctions begin to bite, the head of the International Energy Agency (IEA) said on Aug. 29.
  
  “In the absence of [western] companies, in the absence of the technology providers, in the absence of service companies, it will be much harder for Russia to maintain the production,” IEA chief Fatih Birol told Reuters.
  
  Russian domestic demand has so far remained robust, and the country also offers large discounts to non-European buyers, Birol said on the sidelines of a conference in Stavanger in southern Norway.
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• ☕️What Else is Brewing This Tuesday Morning
  Serena Williams won her opening match at the US Open with literally every celebrity in the world in attendance.
  
  Elon Musk’s lawyers subpoenaed Peiter “Mudge” Zatko, Twitter’s former security boss. They’re hoping he can help Musk wriggle out of buying Twitter.
  
  Honda and LG Energy Solution are investing $4.4 billion in an EV battery plant in the US.
  
  The US government will no longer offer free Covid tests as of Friday, blaming Congress for failing to provide sufficient funding.
  
  
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• NASA will have to try again
  NASA ...
  NASA called off the launch of its moon-bound Space Launch System rocket after discovering that one of the four engines on the rocket wasn’t cooling down to the right temperature. We had similar problems at work yesterday, too. The next launch window is slated for this Friday at 12:48pm ET in Cape Canaveral, but there’s still a lot of work to be done to fix the problem.
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• Nuclear is back
  France and Belgium have both moved to keep nuclear reactors open past their operating licenses, and...
  France and Belgium have both moved to keep nuclear reactors open past their operating licenses, and in a major U-turn, Japan is considering building new reactors and restarting ones that had been shuttered following the Fukushima nuclear crisis. The UK, the Czech Republic, and Poland all have plans to build new reactors in the coming years. France has proposed building 14.
  
  So, what’s behind the return to nuclear energy? A lot of it comes back to the war in Ukraine. Western countries trying to cut themselves off from Russian oil and gas have sent energy prices soaring to crisis levels, causing them to take a second look at nuclear. The efficiency of nuclear power is also enticing for countries looking to meet UN emissions targets.
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• Stocks finish with back-to-back losses as investors digest Fed’s vows not to waver in inflation fight
  MARKETWATCH:  U.S. stocks finished with...
  MARKETWATCH:  U.S. stocks finished with back-to-back losses on Monday, handing Dow industrials an almost 1,193-point loss in the past two trading days, as investors continued reacting to remarks by Federal Reserve Chairman Jerome Powell, who underscored policy makers’ resolve to squeeze out inflation even if it creates economic pain.
  

  
  

  
  
  • The Dow Jones Industrial Average DJIA, -0.57% ended down by 184.41 points, or 0.6%, at 32,098.99 after dropping almost 321 points earlier in the session. Dow industrial also turned periodically positive in the afternoon.
  
  
  • The S&P 500 SPX, -0.67% finished lower by 27.05 points, or 0.7%, at 4,030.61.
  
  
  • The Nasdaq Composite COMP, -1.02% closed down by 124.04 points, or 1%, at 12,017.67.
  
  

  
  Stocks had recorded their worst day in months on Friday, when the Dow industrials tumbled 1,008.38 points, or 3%, to close at 32,283.40; that was the biggest percentage decline since May 18. The S&P 500 slid 3.4%, its biggest drop since June 13, and the Nasdaq Composite COMP, -1.02% tumbled 3.9%, the largest drop since June 16.
  
  
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