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• ☕️What Else is Brewing Tuesday Morning
  Tesla, for the second time this year, cut prices on its Model X and Model S vehicles...
  Tesla, for the second time this year, cut prices on its Model X and Model S vehicles in the US. They’re now 4%–9% cheaper than they were in January.
  
  In other Elon Musk news, Twitter suffered its second outage in less than a week.
  
  Altria, the maker of Marlboro cigarettes, is buying e-cig startup NJOY for $2.75 billion. At the same time, it’s ditching Juul after losing more than $12 billion on its investment in the vaping company.
  
  The World Baseball Classic kicks off today for the first time in six years.
  
  
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• Investors see Fed reaching rate endpoint at 5.5%-5.75% in September
  Investors expect the Federal Reserve to push interest rates up...
  Investors expect the Federal Reserve to push interest rates up steadily by 25 basis points a meeting until the endpoint at a range of 5.5%-5.75% in September, according to the CME's FedWatch tool. Fed funds futures, a derivative product that traders use to place bets on the fluctuations in the Fed's policy rate, indicates investors expect the Fed to quickly reverse course from the peak rate and cut rates by 25 basis points at its next meeting in November. While Fed officials have said they plan to hold rates steady at a high rate for quite some, the market has stuck to its expectation of at least one quick cut followed by more cuts in the first half of 2024.
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• Fed chair Powell to testify about the economy and interest-rate policy
  Fed chair Jerome Powell is scheduled to testify before the Senate Banking Committee at 10 a.m. eastern....
  Fed chair Jerome Powell is scheduled to testify before the Senate Banking Committee at 10 a.m. eastern. It's the semiannual monetary report to Congress, the first of two days. Powell is also scheduled to testify Wednesday to the House Financial Services Committee.
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• EQT sends aid to Ukraine's energy sector
  Leading US gas producer EQT Corp. has sent natural gas production equipment to JSC Ukrgasvydobuvannya,...
  Leading US gas producer EQT Corp. has sent natural gas production equipment to JSC Ukrgasvydobuvannya, Ukraine's largest gas producer, marking the first such donation from a US company. The equipment will be used to repair Ukrgasvydobuvannya facilities that were damaged during the conflict with Russia, thus contributing to the stabilization of Ukraine's energy supplies.
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• CO2 pipeline firms, safety advocates at odds over oversight
  Plans to build a sprawling network of carbon dioxide pipelines in the US Midwest are raising questions...
  Plans to build a sprawling network of carbon dioxide pipelines in the US Midwest are raising questions about regulatory oversight, with safety advocates arguing that current regulations don't apply to CO2 pipelines, while pipeline companies insist that the Pipeline and Hazardous Materials Safety Administration has undisputed authority over the projects. Opponents are pushing for a moratorium on CO2 pipeline construction until new rules are in place, but the PHMSA's planned regulatory overhaul isn't expected to produce a first draft until October 2024.
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