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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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• TotalEnergies sells 45% stake in Argentina oil and gas blocks to YPF for $500 million
  TotalEnergies has agreed to sell its 45% stake in two unconventional...
  TotalEnergies has agreed to sell its 45% stake in two unconventional blocks in Argentina’s Vaca Muerta shale to YPF for $500 million. The divestment, representing 20% of Total’s acreage in the region, aligns with its strategy to exit higher-cost assets and focus on low-cost, low-emissions projects in Suriname and Brazil. Despite the sale, Total remains committed to Argentina, concentrating on the Fenix offshore gas field and Neuquen basin. The assets, co-owned by Shell and Gas y Petroleo de Neuquen, include fracking licenses valid through 2051 and hold potential for future LNG exports and oil development hubs.
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• Trump's gas drive due for a reality check
  President Donald Trump is promoting natural gas as a solution for trade...
  President Donald Trump is promoting natural gas as a solution for trade deficits and soaring domestic power demand, but some analysts warn that his gas expansion plans conflict with his promise to halve energy prices. The Energy Information Administration projects they will nearly double in 2026 from 2024 levels, driven by export growth and rising demand. Moreover, insufficient infrastructure, steel tariffs and market forces could further raise the cost of bringing gas to market.
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