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• ☕️What Else is Brewing Wednesday Morning
  Tesla unveiled a cheaper version of the Model Y. The...
  Tesla unveiled a cheaper version of the Model Y. The more affordable version of its top-selling car will cost $39,990 (11% cheaper than the base model), which the automaker hopes will counteract the loss of the US’ tax incentives to buy EVs. Tesla enjoyed a record quarter in Q3 as consumers rushed to purchase electric vehicles before the $7,500 tax credit expired, but it’s now expected to struggle due to a decline in demand. Investors have long hoped that the company would introduce a lower-priced version of its signature car and were alarmed when CEO Elon Musk instead prioritized robots and self-driving tech, according to Bloomberg.
  
  Johnson & Johnson was ordered to pay $966 million in damages to the family of a woman who died from mesothelioma, after a jury found the company liable in a lawsuit alleging its talc baby powder products cause cancer.
  
  AppLovin is being investigated by the SEC over its data collection practices, Bloomberg reported.
  
  BMW cut its profit forecast for the year amid continued weak demand in China.
  
  Pam Bondi, the US attorney general, testified before the Senate Judiciary Committee in a “fiery” oversight hearing.
  
  Renewable energy overtook coal as the world’s biggest source of electricity for the first time, per a report from the think tank Ember.
  
  Marty Supreme, an upcoming film about a table tennis star in 1950s NYC, is being hailed by critics for actor Timothée Chalamet’s “best performance yet.”
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• DAILY OIL PRICE: October 7, 2025
  Crude Oil: 61.73   (+0.04)....
  
  
  • Crude Oil: 61.73   (+0.04).
  
  
  • Nymex MTD AVG: 61.1886.
  
  
  • Natural Gas: 3.498   (+0.141).
  
  
  • Gasoline: 1.8939   (-0.0077).
  
  
  • Spreads: November/December (+0.41)     December/January (+0.26).
  
  
  • Plains WTI Posting: 58.21   (+0.04).
  
  

  
  Source: Odessa American
  
  
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• Shutdown threatens energy permitting, project timelines
  The ongoing federal government shutdown is significantly disrupting the...
  The ongoing federal government shutdown is significantly disrupting the approval process for oil and gas drilling permits on public lands. With key agencies like the Bureau of Land Management and the Department of the Interior facing staff furloughs, energy companies are experiencing delays in new project authorizations and investment decisions. "Government shutdowns threaten to stall the development of oil and gas resources on federal lands -- delaying energy projects and hurting consumers who depend on affordable, reliable energy," says Anne Bradbury, CEO of the American Exploration Production Council.
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• Can gold keep climbing?
  Gold has outpaced the S&P 500, bitcoin, and even Nvidia over the...
  Gold has outpaced the S&P 500, bitcoin, and even Nvidia over the past 12 months, and the pros think the good times won’t end anytime soon: Goldman Sachs just upgraded its December 2026 price target to $4,900 per ounce, up from its previous $4,300 per ounce.
  
  On top of that, famed investor and Bridgewater Associates founder Ray Dalio argued that putting 15% of your entire portfolio in gold makes sense, noting that today’s economic environment is similar to the 1970s.
  
  “Gold is the only asset that somebody can hold and you don’t have to depend on somebody else to pay you money for,” Dalio said at the Greenwich Economic Forum today. That’s simple enough logic for us.
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• S&P 500 snaps 7-day win streak as stocks' record-setting rally takes a pause
  U.S. stocks finished lower on Tuesday, with the S&P...

  U.S. stocks finished lower on Tuesday, with the S&P 500 snapping a seven-session winning streak as Wall Street's record-setting rally took a breather.

  
  

  The S&P 500 was off 25.69 points, or 0.4% to end at 6,714.59. The large-cap index snapped a seven-session winning streak, while booking its largest one-day point and percentage decline since Sept. 25, according to Dow Jones Market Data.

  
  

  The Dow Jones Industrial Average lost 91.99 points, or 0.2% to finish at 46,602.98.

  
  

  The Nasdaq Composite fell 153.30 points, or 0.7%, ending at 22,788.36. It was the largest one-day point and percentage decline since Sept. 23.

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