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• Western Midstream to Buy Aris' Delaware Midstream Network for $1.5B
  Western Midstream (WES) will grow its water midstream network in the Delaware Basin...
  Western Midstream (WES) will grow its water midstream network in the Delaware Basin in a cash-and-equity deal to acquire Aris Water Solutions (ARIS) for $1.5 billion.
  
  The boards of both companies approved the deal, which is expected to close before the end of 2025. The companies priced the deal’s enterprise value at $2 billion before transaction costs.
  
  Western Midstream owns multiple oil, gas, and water midstream assets throughout the western U.S. The acquisition will combine Western’s 830-mile and Aris’ 790-mile produced water network in the Permian Basin. Aris’ assets will extend WES’ footprint into Lea and Eddy counties, New Mexico.
  
  
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• Trump may meet with Putin and Zelensky next week, White House says
  Yesterday, a Trump admin official floated the possibility of ...
  Yesterday, a Trump admin official floated the possibility of Trump meeting with Russian President Vladimir Putin in the near future, but stressed that neither a date nor a location had been set yet, and also said POTUS would be open to meeting with both Putin and Ukrainian President Volodymyr Zelensky. Later in the day, Trump told reporters that there was “a very good prospect” of a summit with the three leaders occurring. A new Gallup survey released this morning found that 7 in 10 Ukrainians surveyed in early July said their country should seek a negotiated settlement to end the war as soon as possible.
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• ☕️What Else is Brewing Thursday Morning
   Robert F. Kennedy Jr. pulled $500 million of mRNA vaccine funding. The...
   Robert F. Kennedy Jr. pulled $500 million of mRNA vaccine funding. The US health secretary canceled 22 projects related to mRNA vaccines and is taking other steps to divest federal funding from the vaccine technology. In a video posted to X, Kennedy said, “After reviewing the science and consulting top experts at NIH and FDA, HHS has determined that mRNA technology poses more risks than benefits for these respiratory viruses.” Dr. Jerome Adams, who served as the surgeon general during Trump’s first term, said on X, “I’ve tried to be objective & non-alarmist in response to current HHS actions—but quite frankly this move is going to cost lives…mRNA technology has uses that go far beyond vaccines…and the vaccine they helped develop in record time is credited with saving millions.”
  
  United Airlines flights were grounded last night due to a tech outage. After the issue was resolved, 1,000 flights were still delayed and dozens were canceled.
  
  OpenAI is offering ChatGPT to US government workers for $1 per year. Anthropic is reportedly planning to offer its product, Claude, to federal agencies for as little as $1 as well.
  
  M&M’s-maker Mars is partnering with biotech firm Pairwise to gene-edit cocoa crops.
  
  Drones may soon deliver coffee, as US Transportation Secretary Sean Duffy revealed a proposal that would allow companies to operate unmanned aerial vehicles (UAVs) beyond the line of sight.
  
  
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• Oil prices slide to 8-week low as US-Russia talks stir sanction uncertainty
  (Reuters) - Oil prices slid about 1% to an eight-week...

  (Reuters) - Oil prices slid about 1% to an eight-week low on Wednesday after U.S. President Donald Trump's remarks about progress in talks with Moscow created uncertainty on whether the U.S. would impose new sanctions on Russia.

  
  Brent crude futures fell 75 cents, or 1.1%, to settle at $66.89 a barrel, while U.S. West Texas Intermediate crude dropped 81 cents, or 1.2%, to settle at $64.35.
  
  Those moves marked a fifth consecutive day of losses for both crude benchmarks, with Brent closing at its lowest since June 10 and WTI closing at its lowest since June 5.
  
  Trump said on Wednesday that his special envoy Steve Witkoff made "great progress" in his meeting with Russian President Vladimir Putin, as Washington continued its preparations to impose secondary sanctions on Friday.
  
  Trump has threatened additional sanctions on Moscow if no moves are made to end the war in Ukraine. Russia is the world's second-biggest producer of crude after the U.S., so any potential deal that would reduce sanctions would make it easier for Russia to export more oil.
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• S&P 500 and Nasdaq close on strong gains, while Apple leads Dow higher
  The Dow Jones Industrial Average closed higher on Wednesday...

  The Dow Jones Industrial Average closed higher on Wednesday for only the second time in the past eight sessions, bolstered by Apple Inc.'s commitment to invest in U.S. manufacturing.

  
  

  Meanwhile, the S&P 500 and Nasdaq also climbed to one-week highs, with investors seemingly brushing aside President Donald Trump's decision to impose a 50% tariff rate on India.

  
  

  The Dow rose 81.38 points, or 0.2%, to close at 44,193.12, based on preliminary data. Apple was the index's biggest gainer, rising by about 5%.

  
  

  The S&P 500 advanced 45.87 points, or 0.7%, to end at 6,345.06. That was the highest closing level since last Wednesday.

  
  

  The Nasdaq Composite rose 252.87 points, or 1.2%, to finish at 21,169.42. That was the highest closing level since July 28.

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