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Stocks jumped Monday on optimism that President Donald Trump may hold back from implementing some of his wide-ranging tariff plans and so the U.S. could skirt an economic slowdown from a protracted trade war.
The Dow Jones Industrial Average jumped 597.97 points, or 1.42%, to end at 42,583.32. The S&P 500 added 1.76% and closed at 5,767.57, while the tech-heavy Nasdaq Composite gained 2.27% to settle at 18,188.59.
Shares of Tesla which have fallen nine straight weeks, were up nearly 12%, adding to their Friday gains. Meta Platforms and Nvidia each climbed more than 3%.
Mesa Minerals IV has officially launched to acquire mineral and royalty interests in the Haynesville Shale, Permian Basin, and other plays, as announced by CEO Darin Zanovich at Hart Energy's 2025 DUG Gas Conference & Expo in Shreveport.
NGP's latest royalty fund financially backs the new venture and follows the success of Mesa Minerals III, which built a substantial portfolio including approximately 6,000 net royalty acres in the Permian Basin and 16,000 net royalty acres in the Haynesville.
While Mesa III has been temporarily sidelined with plans for NGP to market its portfolio in the future, the company is expanding its focus beyond the Permian Basin due to high asking prices for oil-weighted assets there.
This continues the Mesa franchise's established presence in the Haynesville play, where both Mesa I and II previously built and successfully sold mineral positions to Franco-Nevada Corp.
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