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The US has secured control of over 65 billion barrels of Venezuela’s oil reserves under a new agreement, with President Trump stating the deal will double American oil reserves and lower gas prices.
European gas storage levels stand at 63% capacity—their lowest point in 13 years—prompting concerns about winter price volatility and potential supply challenges across the region.
The delayed Paramount-Skydance-Warner Bros. Discovery merger faces an antitrust trial, prompting media executives to warn of a broader M&A slowdown across the industry.
Main Street Sports, a defunct regional sports network operator, is suing Comcast and Charter Communications for allegedly underpaying licensing fees during the first half of 2026.
European heatwaves are generating increased insurance claims from heat-related deaths and health complications, particularly among elderly populations, potentially raising customer premiums, S&P warns.
Stanley Druckenmiller, a former mentor to Treasury Secretary Scott Bessent, warns that efforts to suppress bond yields through increased Treasury buybacks will ultimately fail and mask deeper fiscal problems.
