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• ☕️What Else is Brewing Saturday Morning
   Anthropic to pay $1.5b to settle authors’ copyright claims. In...
   Anthropic to pay $1.5b to settle authors’ copyright claims. In the first major settlement by an AI company over training its model on copyrighted works, Anthropic has agreed to shell out $1.5 billion to resolve claims by authors that it downloaded pirated copies of their books for training. The settlement must still be approved by a judge, but if it had gone to trial and lost the case, Anthropic could have faced $1 trillion in damages to the authors of 7 million books, per Bloomberg. The deal comes as dozens of suits remain pending against Anthropic and its competitors in the AI space over the use of intellectual property to train their models.
  
  Tylenol-maker Kenvue’s stock fell yesterday after the Wall Street Journal reported that HHS Secretary Robert F. Kennedy Jr. plans to release a report linking taking the painkiller during pregnancy to autism. The company said it has evaluated the science and believes “there is no causal link.”
  
  President Trump signed an executive order to change the name of the Department of Defense to the Department of War, signaling a willingness to go on the offensive.
  
  Warner Bros. became the latest Hollywood studio to sue Midjourney, claiming the AI image generator created images and videos of copyrighted characters like Superman and Bugs Bunny.
  
  Roblox announced plans to launch its own TikTok-style short-form video app in a bid to capture whatever it doesn’t already have of kids’ attention.
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• DAILY OIL PRICE: September 5, 2025
  Crude Oil: 61.87   (-1.61)....
  
  
  • Crude Oil: 61.87   (-1.61).
  
  
  • Nymex MTD AVG: 63.2371.
  
  
  • Natural Gas: 3.048   (-0.026).
  
  
  • Gasoline: 1.9642   (-0.0453).
  
  
  • Spreads: October/November (+0.41)     November/December (+0.28).
  
  
  • Plains WTI Posting: 58.35   (-1.61).
  
  

  
  Source: Odessa American
  
  
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• US Drillers Add Oil, Gas Rigs for First Time in Seven Weeks
  U.S. energy firms this week added oil and natural gas rigs for the first...
  U.S. energy firms this week added oil and natural gas rigs for the first time in seven weeks, energy services firm Baker Hughes said in its closely followed report on Sept. 5.
  
  The total oil and gas rig count, an early indicator of future output, rose by one to 537 in the week to Sept. 5.
  
  Despite this week's rig increase, Baker Hughes said the total count was still down 45 rigs, or 7.7%, below this time last year.
  
  Baker Hughes said oil rigs rose by two to 414 this week, while gas rigs fell by one to 118.
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• U.S. stocks lose ground Friday after anemic employment-growth data
  The U.S. stock market closed lower Friday, with...

  The U.S. stock market closed lower Friday, with all three major benchmarks finishing in the red after a highly anticipated jobs report was weaker than Wall Street expected.

  
  

  The Dow Jones Industrial Average fell 220.43 points, or 0.5%, to end at 45,400.86.

  
  

  The S&P 500 shed 20.58 points, or 0.3%, to finish at 6,481.50.

  
  

  The Nasdaq Composite slipped 7.31 points, or less than 0.1%, to close nearly flat at 21,700.39.

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• U.S. Job Growth Stalls Ahead of Pivotal Fed Meeting
  Employers added only 22,000 jobs in August, and the unemployment rate...
  Employers added only 22,000 jobs in August, and the unemployment rate rose slightly to 4.3 percent. Revised data also showed that employment fell by 13,000 jobs in June, the first net loss since December 2020.
  
  Analyst reactions are coming in, and they are dour. “August’s Employment Report confirmed that the labor market has headed off a cliff-edge,” wrote Bradley Saunders, a North America economist for Capital Economics. “The labor market is losing lift, and August’s report, along with downward revisions, suggests we’re heading into turbulence without the soft landing achieved,” wrote Daniel Zhao, an economist with the employment review website Glassdoor.
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