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• Oil falls on announcement of Trump-Putin meeting
   (Reuters) - Oil prices dropped on Thursday for a sixth...

   (Reuters) - Oil prices dropped on Thursday for a sixth consecutive session after the Kremlin said Russian President Vladimir Putin would meet U.S. President Donald Trump in the coming days, raising expectations for a diplomatic end to the war in Ukraine.

  
  

  Brent crude futures settled down 46 cents, or 0.7%, at $66.43 a barrel. U.S. West Texas Intermediate crude fell 47 cents, or 0.7%, to $63.88.

  
  

  Both benchmarks slid about 1% on Wednesday, touching their lowest in eight weeks, after comments from Trump on progress in talks with Moscow.

  
  

  Kremlin aide Yuri Ushakov said on Thursday that Trump and Putin would meet in the coming days in what would be the first summit between leaders of the two countries since 2021.

  
  

  A White House official had previously said that Trump could meet Putin as soon as next week.

  
  

  The U.S., however, continued preparations to impose secondary sanctions on major buyers of Russian energy products to try to pressure Moscow to end the war in Ukraine.

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• Dow, S&P 500 end lower, Nasdaq ekes out record close as new tariffs take effect
  U.S. stocks closed mostly lower on Thursday as President...

  U.S. stocks closed mostly lower on Thursday as President Trump's new tariffs took hold, with the Dow booking its worst day in about a week.

  
  

  The Dow Jones Industrial Average fell about 224 points, or 0.5%, ending near 43,968, according to preliminary data. That was off the session's worst levels but still its worst daily percentage drop since Trump's Aug. 1 tariff deadline.

  
  

  The S&P 500 shed about 0.1%.

  
  

  The Nasdaq Composite ended about 0.4% higher, near 21,242, above its prior 21,178.58 record close on July 28.

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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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