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• ☕️What Else is Brewing Thursday Morning
  Several states sued the NCAA over “unfair” NIL contracts. The...
  Several states sued the NCAA over “unfair” NIL contracts. The suit, filed by a bipartisan group of states including New York and Florida, argues that the NCAA impedes student-athletes from brokering better name, image, and likeness deals before they choose which college to attend. The states argue that the NCAA’s existing rule keeps athletes in the dark about the true earning potential at each school. It’s just one of multiple lawsuits against the NCAA in the wake of landmark policy changes allowing student-athletes to profit.
  
  Anthropic, one of OpenAI’s biggest rivals, launched an iPhone app for its chatbot, Claude.
  
  The House passed a bipartisan antisemitism awareness bill, which advocates say will combat rising antisemitism on college campuses.
  
  Johnson & Johnson offered to pay $6.5 billion to settle thousands of lawsuits alleging its talc powder products cause ovarian cancer.
  
  Arizona lawmakers voted to repeal the state’s 19th-century, near-total abortion ban, which would make the 15-week ban enacted in 2022 the prevailing law again.
  
  Harvey Weinstein will be retried in New York sometime after Labor Day following the overturning of the Hollywood mogul’s 2020 rape conviction.
  
  UnitedHealth CEO Andrew Witty told Congress that Change Healthcare was hacked because it lacked multifactor authentication.
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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 $2.93 to $79 per barrel Wednesday. Brent crude for July delivery fell $2.89 to $83.44 per barrel.
  
  Wholesale gasoline for June delivery fell 11 cents to $2.58 a gallon. June heating oil fell 8 cents to $2.45 a gallon. June natural gas fell 6 cents to $1.93 per 1,000 cubic feet.
  
  
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• Stocks end mixed after Powell dispels Fed rate hike despite persistent inflation
  U.S. stocks finished mostly lower on Wednesday after Federal Reserve...
  U.S. stocks finished mostly lower on Wednesday after Federal Reserve officials cited a lack of progress in getting inflation back to 2% and indicated they would remain highly attentive to the risks of price gains.
  
  The Dow Jones Industrial Average rose 87.37 points, or 0.2%, to 37,903.29, based on preliminary data. It had briefly jumped by as much as 533.28 points, putting it on track at one point for its best day in more than a month.
  
  The S&P 500 slipped 17.30 points, or 0.3%, to 5,018.39.
  
  The Nasdaq Composite fell 52.34 points, or 0.3%, to 15,605.48.
  
  "While markets had, once upon a time, expected rate cuts to commence as early as this spring, persistent upside inflation surprises through early 2024 have caused the Fed to delay the start of an easing cycle,'' said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott in Philadelphia.
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• Earthquakes continue to shake up Permian Basin
  Earthquakes continue to shake up West Texas, seemingly moving around...
  Earthquakes continue to shake up West Texas, seemingly moving around the region. After last week’s swarm of earthquakes around the border of Loving and Winkler Counties, Martin County was the site of two earthquakes in the early morning hours of Tuesday – the first a 3.4 magnitude and the second a 3.1 magnitude, both west-southwest of Ackerly. A few hours later, a 2.6 magnitude earthquake occurred south-southwest of Westbrook in Mitchell County.
  
  A spokeswoman for the Railroad Commission told the Reporter-Telegram by email the agency has sent inspectors to the Winkler County-Loving County area to assess the situation and the investigation is ongoing.
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• Texas Energy Fund moves closer to implementation
  The Public Utility Fund of Texas has completed its work on rules for...
  The Public Utility Fund of Texas has completed its work on rules for the Texas Energy Fund, which will be backed by taxpayers and will provide reimbursements to natural gas power plants of 10% for those completed by June 1, 2026, and 6.7% for those completed by June 1, 2029. Applications will open on Jan. 1, 2025, with developers including NRG, Vistra and Calpine indicating they are likely to participate.
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