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• Dow ends up over 130 points, S&P 500 and Nasdaq finish higher as investors shake off Fed independence concerns
  U.S. stocks finished higher on Tuesday afternoon in quiet...

  U.S. stocks finished higher on Tuesday afternoon in quiet trading as investors appeared unfazed after President Donald Trump attempted to oust Federal Reserve governor Lisa Cook from the central bank’s board, underscoring rising concerns over the Fed's independence when it comes to monetary policy.

  
  

  The Dow Jones Industrial Average rose 135.60 points, or 0.3%, to end at 45,418.07, according to FactSet data.

  
  

  The S&P 500 was up 26.62 points, or 0.4%, to finish at 6,465.94.

  
  

  The Nasdaq Composite popped 94.98 points, or over 0.4%, ending at 21,544.27

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• Next Permian NatGas Egress Pipeline Eiger Express Hits FID
  A WhiteWater-led joint venture (JV) has reached a final investment decision...
  A WhiteWater-led joint venture (JV) has reached a final investment decision (FID) on the latest natural gas pipeline project out of the Permian Basin.
  
  The JV announced Aug. 25 that the Eiger Express Pipeline, a 2.5 Bcf/d, 450-mile line is expected to be in service around the middle of 2028.
  
  The line will connect to Permian Basin networks and transport natural gas to the Katy area on the west side of Houston. WhiteWater said the line will take its supply from gas processing plants in the Midland and Delaware basins via the Agua Dulce Pipeline, another WhiteWater JV that includes Enbridge and MPLX.
  
  The ownership of the Eiger was structured so that some of the JV partners of the Matterhorn Express Pipeline, the Permian’s newest natural gas egress system, were able to buy larger stakes in the newer project.
  
  
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• Trump fires Federal Reserve Governor Lisa Cook
  Escalating his pressure on the independence of the central bank, President...
  Escalating his pressure on the independence of the central bank, President Trump yesterday posted a letter on Truth Social saying he was firing the Fed board member, citing allegations that she had lied on mortgage loan documents. The president can only remove Fed officials for cause, and Trump’s letter said the allegations against Cook—which were raised by his ally Bill Pulte, the leader of the Federal Housing Finance Agency—provided that cause. It was not immediately known whether Cook, who previously said she would not be “bullied” out of her role, would sue over the president’s decision, but if she does, it would likely ultimately be decided by the Supreme Court. Trump, who wants the Fed to lower interest rates, has also threatened in the past to fire Chair Jerome Powell.
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• ☕️What Else is Brewing Tuesday Morning
  Beleaguered property giant China Evergrande delisted from HK...
  Beleaguered property giant China Evergrande delisted from HK exchange. Capping off its fall from grace, the developer—which was once valued at $51 billion and helped fuel an economic boom in China—was removed yesterday from the exchange, where its shares had been suspended since January 2024 after it was placed in liquidation. Evergrande had been China’s largest developer by sales, but it also racked up more than $300 billion in debt. It quickly contracted when the government cracked down on lending and property sales slumped, and its collapse rippled through China’s economy.
  
  Countries that impose digital taxes will face steep tariffs and restrictions on US chip exports, President Trump threatened yesterday.
  
  President Trump signed an executive order requiring the Justice Department to prosecute people for burning the American flag, saying it should lead to a one-year jail term. The Supreme Court has previously ruled that burning the flag is protected by the First Amendment.
  
  An Israeli strike on a hospital in Gaza killed 20 people, including five journalists. Israel’s Prime Minister Benjamin Netanyahu called it a “tragic mishap.”
  
  The first human case of the flesh-eating screwworm parasite has been detected in the US, per the Department of Health and Human Services.
  
  Ismael “El Mayo” Zambada Garcia, a former leader of Mexico’s Sinaloa Cartel, pleaded guilty to US federal charges of racketeering and running a continuing criminal enterprise, and he apologized for the harm illegal drugs have caused.
  
  The Pumpkin Spice Latte returned to Starbucks today, which means summer is over and your beverage budget is toast.
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• DAILY OIL PRICE: August 25, 2025
  Crude Oil: 64.80   (+1.14)....
  
  
  • Crude Oil: 64.80   (+1.14).
  
  
  • Nymex MTD AVG: 64.1492.
  
  
  • Natural Gas: 2.696   (-0.002).
  
  
  • Gasoline: 2.1483   (-0.0102).
  
  
  • Spreads: September/October (+0.49)     October/November (+0.39).
  
  
  • Plains WTI Posting: 61.28   (+1.14).
  
  
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