0849 ET – Crude futures continue to lose ground following three consecutive weekly declines. “Weak growth projections and the ongoing energy transition across China and the EU are dampening the broader outlook for crude, compounded by U.S.-China tariff tensions,” Razan Hilal of Forex.com says in a note. “Crude oil prices are tracing another decline toward yearly lows amid oversupply, weak demand, and tariff concerns.” WTI and Brent are down 0.7% at $57.16 a barrel and $60.86 a barrel, respectively…

1534 ET – U.S. natural gas futures post their biggest one-day increase in more than three months as some colder weather creeps into the forecasts for the end of the month, prompting a bout of short-covering. “The coming 15-day pattern isn’t exactly bullish, just not as badly bearish as it had been,” NatGasWeather.com says in a note. Strong LNG exports likely also contributed to gains, the forecaster adds.

Major sites and apps were down for millions of users for much of Monday, hit by a far-reaching and stubborn Amazon Web Services outage that has disrupted retail sales, social-media services, financial services and more. As of 3:15 p.m. ET, intermittent issues continued as Amazon worked to fully restore service more than 12 hours after the initial shutdown cascaded through businesses big and small, the company said.

0758 GMT – European defense stocks start the week higher on low expectations for any kind of near-term peace deal for Ukraine and Russia. Following an FT report that President Trump told Ukraine’s Zelensky to accept Russia’s terms or face destruction, J.P. Morgan analysts say huge differences rule out any near-term deal, and Trump won’t be able to nudge the enemies toward cease-fire as he did in Gaza.

0855 ET – The efficacy of Roche’s experimental breast-cancer drug Giredestrant was driven by patients whose tumors carried estrogen receptor 1 mutations—a form resistant to standard hormone drugs—, UBS analysts write. This might hurt its chances of success in an upcoming trial in which there will be fewer of these mutations, UBS says. Trial results also showed a higher incidence of one common side effect—slow heart rate—though the overall safety profile was acceptable, the analysts say, adding that no instances of eye toxicity were seen—another common side effect of the already-approved standard-of-care treatment—.

Customer cancellations for Disney’s DIS 1.29%increase; green up pointing triangle Disney+ and Hulu streaming services jumped in September, after the company briefly suspended the ABC late-night show “Jimmy Kimmel Live!”. The rate of customer defections for Disney+ doubled to 8% from 4% in August, while those for Hulu doubled to 10% from 5%, according to data from subscription-analytics company Antenna. The rate is calculated by dividing the number of cancellations in a given month by subscribers at the end of the prior month.

Tech giant Oracle has reverted to a dual-CEO system that defies conventional wisdom, but it has broken tradition before in its evolution from databases to software, cloud-computing and AI infrastructure. By definition, there is usually only one chief in any organization. There is one president, one commander in chief, one head coach, one conductor and typically one chief executive. For the second time in its history, …

PARIS—The morning after thieves broke into the Louvre Museum in broad daylight, making off with its crown jewels, an embarrassed nation is asking itself a question: How could France let this happen? The answer partly lies in strained public finances that have hobbled the state-owned museum’s ability to manage massive crowds and ultimately secure some of the world’s most valuable collections of art.

Kenvue urged the Food and Drug Administration to deny a proposal to add further warnings to acetaminophen products after the Trump Administration linked Tylenol use during pregnancy to autism. The Tylenol maker said the labeling changes, requested by a citizen petition filed last month, are not supported by existing science. The FDA, and Kenvue itself, have repeatedly found no causal association between acetaminophen use in pregnancy and neurodevelopmental disorders, the company said.

Apple AAPL 4.38%increase; green up pointing triangle stock hit a new intraday record Monday on a report that sales of this year’s iPhone models had started strongly. Shares of the tech giant climbed about 4% to more than $263 a share, lifting its market capitalization above Microsoft’s and making the company the second-largest in the U.S. by that measure. The gains came after research firm Counterpoint said late Sunday that the iPhone 17 series outsold the iPhone 16 series by 14% during the first 10 days it was available in China and the U.S., Apple’s two largest markets.

For a glimpse into the sealed world of the establishment media, nothing tops Pauline Kael’s famous observation about the 1972 presidential election. It isn’t quite true, as lore has it, that the New Yorker’s film critic was so unaware of her Himalayan elevation above her fellow Americans that she wondered aloud how Richard Nixon could possibly have won since she didn’t know anyone who had voted for him.

Before Texas Republicans raised redistricting ire and before California Democrats retaliated, Pennsylvania wrote the book on how to gerrymander. In 2018 the Democrat-controlled state supreme court threw out a bipartisan congressional map that had been in place for three election cycles and unilaterally redrew congressional districts, handing Democrats a net gain of three seats in the House. Now three of those justices—Democrats David Wecht, Christine Donohue and Kevin Dougherty—are up for retention on Nov.

Suzy Welch asks “Is Generation Z Unemployable?” (op-ed, Sept. 25) partly because only 2% of its members hold the values employers most want. Yet her study defines companies’ first choice, achievement, as the value of “wanting accomplishments and success other people can see.” Does Gen Z care about such recognition? Several surveys have found that achievement, advancement and learning are very important to younger workers.

President Volodymyr Zelensky’s February 2022 response to the West’s offer to evacuate him from Kyiv (“I need ammunition, not a ride”) will be remembered as one of the most iconic phrases in history. It’s of a piece with Patrick Henry’s quip in 1775 (“Give me liberty or give me death”) and Capt. James Lawrence’s dying command in the War of 1812 (“Don’t give up the ship”).

Treasury Secretary Scott Bessent’s call for a coordinated response to Beijing’s coercion is long overdue (“Allies United Against China on Rare Earths,” Review & Outlook, Oct. 17). But Xi Jinping’s latest moves suggest something deeper than strategy—a sign of strain. China controls roughly 70% of global rare-earth mining and more than 90% of refining. It is now extending that control from production to permission.

You’re glad the International Maritime Organization delayed its efforts to rein in shipping emissions (“The U.N. Blinks on Its Carbon Tax,” Review & Outlook, Oct. 18), but you ignore the tax the world is already bearing: the steep economic and human costs of climate inaction. Between April 2024 and April 2025, the U.S. spent nearly $1 trillion on disaster recovery and other climate-related needs, according to a Bloomberg Intelligence analysis.

Paul Ryan and Kyle Pomerleau propose a destination-based cash-flow tax as “A Tax-Reform Alternative to Trump’s Tariffs” (op-ed, Oct. 15). But their argument mistakes a novel blackboard theory for sound policy. A DBCFT would grant Washington a new money spigot while leaving protectionism intact. President Trump believes tariffs are fundamentally good. If the Supreme Court reins in his use of the International Emergency Economic Powers Act, he will turn to other authorities such as Section 301.

Shares in European luxury-goods makers surged Wednesday after bellwether LVMH said sales rose a little over the third quarter, a sign that a debilitating slump in demand for high-end goods may be nearing an end. LVMH, the world’s largest luxury group and owner of fashion houses Louis Vuitton and Dior, booked revenue of 18.28 billion euros ($21.22 billion) for the third quarter, 1% more than the same period a year ago, adjusted for currency effects.

During a recent trip to the supermarket, Kelvin Lin was surprised to see that the price of a rib-eye steak had jumped to $32.99 a pound. It had been several dollars cheaper two weeks earlier, he said. Lin, a 33-year-old software engineer who lives in New York City, complained to the butcher but ended up buying the steak anyway. “It feels terrible,” he said.

For luxury brands trying to win back shoppers, secondhand sellers have become a potential nuisance. Demand for used luxury is stronger than for new goods at the moment. The RealReal REAL 15.84%increase; green up pointing triangle, the world’s biggest online luxury reseller, has grown sales by 10% on average over the past 18 months. Its New York-listed stock is up more than 200% in a year.

Swiss building-materials supplier Holcim plans to acquire Xella for more than $2 billion to expand its building solutions business. Holcim said in a statement Monday that it aims to buy the Germany-based walling solutions company for 1.85 billion euros, equivalent to $2.16 billion, as part of its strategy to focus on growing its building solutions segment through 2030. The company expects the transaction to close in the second half of 2026.

Trader Joe’s over the summer began stocking its stores with a new line of frozen peanut-butter and jelly sandwich snacks, the crusts trimmed off and the edges pressed together. Food giant J.M. Smucker SJM -0.19%decrease; red down pointing triangle wants them all destroyed. Smucker has marketed Uncrustables, its own line of premade PB&Js, since the 1990s. Tucked into schoolchildren’s lunches by the millions and munched by…

Sales of Bibles soared in the weeks after the fatal shooting of conservative political activist and author Charlie Kirk. There were 2.4 million Bibles sold in the U.S. in September, a 36% jump over the same month of 2024, according to book tracker Circana BookScan. It marked the biggest month of Bible sales so far this year. “September brought a wave of troubling events—violence, geopolitical tensions and economic uncertainty—underscoring a pattern: In times of crisis, more people turn to faith for comfort and support,” said Brenna Connor, an analyst at Circana BookScan.

Kering KER 4.72%increase; green up pointing triangle agreed to sell its beauty business to L’Oréal OR 1.09%increase; green up pointing triangle for roughly $4.7 billion, an early move by its new chief to revive the luxury conglomerate’s fortunes. Under the deal, announced late Sunday, L’Oréal will acquire cologne brand House of Creed, and get exclusive rights to develop fragrances and beauty products for Kering labels, including Gucci and Balenciaga, for 50 years.

Molson Coors TAP -0.46%decrease; red down pointing triangle is eliminating about 400 salaried jobs across its Americas business, which come as the beer industry contends with a widespread slump. The cuts, expected to be complete by the end of the year, represent about 9% of the salaried workforce in its Americas business, the company said Monday. The number includes hundreds of roles that were already open and others that may be granted voluntary severance as part of the restructuring.