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• ☕️What Else is Brewing Wednesday Morning
  Instacart and Uber are teaming up to fight DoorDash. The...
  Instacart and Uber are teaming up to fight DoorDash. The enemy of my enemy is my food delivery friend. Instacart and Uber—grocery delivery rivals—announced yesterday that they are partnering to better compete with DoorDash in restaurant food delivery. The deal will allow Instacart users to place Uber Eats orders without leaving the app. The companies think the deal will lead to more revenue for Instacart and more access to a suburban customer base for Uber Eats, the Wall Street Journal reported. DoorDash is the leader in US restaurant delivery market share, posting record revenue in Q1.
  
  Panera is discontinuing its Charged Sips caffeinated drinks after a series of lawsuits alleged the beverages cause health issues.
  
  The Boy Scouts is changing its name to Scouting America to reflect its new priority of inclusion.
  
  Elizabeth Holmes, the disgraced Theranos fraudster, had her prison sentence reduced for the second time. She’s now scheduled for release in 2032.
  
  Israeli forces seized the Gaza side of the crucial Rafah border crossing, though US officials said it was not the full-scale invasion many have feared.
  
  Peloton is reportedly being circled by private equity firms for a potential buyout of the enfeebled fitness company.
  
  Wayve, a UK AI startup that powers self-driving cars, raised $1 billion in funding from SoftBank, Microsoft, and Nvidia.
  
  Donald Trump’s classified documents trial, originally scheduled to start May 20, was postponed indefinitely by US District Judge Aileen Cannon
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• Market Watch: Dow posts longest win streak since December as stocks end mostly higher
  U.S. stocks finished mostly higher on Tuesday, with the Dow Jones Industrial...
  U.S. stocks finished mostly higher on Tuesday, with the Dow Jones Industrial Average posting its fifth straight day of gain, while the S&P 500 notched its largest four-day advance since November.
  
  The Dow industrials rose less than 0.1%, to end near 38,883, according to preliminary data from FactSet.
  
  The S&P 500 was up 0.1%, to finish around 5,187.
  
  The Nasdaq Composite lost 0.1%, ending near 16,332.
  
  Stocks lost steam as Treasury yields pared earlier declines in the afternoon trading on Tuesday after Minneapolis Federal Reserve President Neel Kashkari said he can’t rule out the chance that the next move from the central bank will be a rate hike.
  
  The quarterly earnings from Walt Disney sent its stock tumbling nearly 10%, weighing on the broader market gains.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for June delivery ...
  Benchmark U.S. crude oil for June delivery fell 10 cents to $78.38 per barrel Tuesday. Brent crude for July delivery fell 17 cents to $83.16 per barrel.
  
  Wholesale gasoline for June delivery fell 4 cents to $2.54 a gallon. June heating oil edged up 1 cent to $2.47 a gallon. June natural gas rose 1 cent to $2.21 per 1,000 cubic feet.
  
  
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• WTI-Midland's addition to Brent is paying off
  The inclusion of West Texas...
  The inclusion of West Texas Intermediate-Midland crude into the Dated Brent basket last year has significantly improved the global oil benchmark's functionality, driving record trading volumes in both physical and derivative markets. "The introduction of Midland has been successful as witnessed by decent liquidity and new entrants into the forward and dated market," said North Sea trader Kurt Chapman.
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• EOG's Utica oil program off to a solid start
  EOG Resources' oil drilling...
  EOG Resources' oil drilling program in Ohio's Utica Shale has achieved output and cost efficiencies comparable to leading US plays through the use of three-mile laterals and longer. EOG is taking a slow and steady approach in the Utica oil play, aiming for a thorough understanding of resources and full-cycle economics before transitioning to full development mode, according to chairman and CEO Ezra Yacob.
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