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• Dow seals longest losing streak in 10 months as stocks fall amid Mideast tension
  U.S. stocks ended lower on Monday, with all three major indexes giving...
  U.S. stocks ended lower on Monday, with all three major indexes giving up earlier gains as investors monitored tensions in the Middle East.
  
  The Dow Jones Industrial Average shed about 248 points, or 0.7%, ending near 37,735.
  
  The S&P 500 Index shed around 61 points, or 1.2%, closing near 5,061.
  
  The Nasdaq Composite finished about 290 points lower, or 1.8%, near 15,885.
  
  Both the S&P 500 and Nasdaq closed below their 50-day moving averages.
  
  
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• EQT, Equinor Agree to Massive Appalachia Acreage Swap
  EQT (EQT) announces a non-operated asset transaction with Equinor, selling...
  EQT (EQT) announces a non-operated asset transaction with Equinor, selling a 40% interest in its natural gas assets in Northeast Pennsylvania for $500 million cash and assets. The deal includes forecasted 2025 net production of 225 MMcf/d, with EQT expecting $75 million in 2025 free cash flow from non-cash consideration. The transaction also involves acquiring assets in Ohio and Pennsylvania, with a gas buy-back agreement with Equinor. The deal is valued at over $1.1 billion, aiming to achieve de-leveraging goals.
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• Government just moved to make it cost more for drilling on public lands
  The Biden administration’s continued war on the oil and gas industry...
  The Biden administration’s continued war on the oil and gas industry took another step on Friday when the Interior Department finalized a new federal rule that will likely increase the cost of drilling on public lands. It came as the White House just took an opposite step to help renewable energy production on the same land.
  
  Under the rule, the government’s share of the profit from the oil will increase. The royalty rate will be bumped from 12.5% to 16.67% and the rent charged to oil companies to drill on public land will also be increased.
  
  That’s not all. The administration is increasing the minimum bid that companies can place to win leases to drill on public land.
  
  While the White House is going after oil and gas, it is doing just the opposite for renewable energy. The new rule was announced a day after Biden’s administration moved to cut costs for producing renewable energy on public land, according to The Hill.
  
  Source: OK Energy Today
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• It's Tax Day
  If it snuck up on you and you require a reprieve to prevent the government...
  If it snuck up on you and you require a reprieve to prevent the government from raiding your bank account, you’re not alone—the IRS expects 19 million people to file for an extension this year. The agency will automatically grant you a six-month extension, although it’s recommended you remit a payment today if you expect to owe money to avoid interest and penalties. The good news is you probably won’t have to fork over as much as Mark Cuban, who said he is sending the IRS $288 million today and is proud to pay his share.
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• ☕️What Else is Brewing Monday Morning
  The 128th Boston Marathon is today: This morning, ~30,000...
  The 128th Boston Marathon is today: This morning, ~30,000 people will run, at varying speeds, 26.2 miles from Hopkinton, MA, to Boylston Street in one of the most famous races in the world. Productivity in your firm’s Boston office will be low as 500k spectators spill out to the streets to cheer on the racers and sneak in a few Monday morning beers. There is a bit of controversy this year, since the corporate sponsor, Bank of America, will get its logo on the famous medals.
  
  Scottie Scheffler won the Masters for the second time in three years, cementing his status as the most dominant pro golfer right now.
  
  McDonald’s has a plan to offset increased fast-food worker wages in California: Bring back bagels. The company is reintroducing the breakfast favorite in the state to drive more store traffic.
  
  Tesla cut its Full Self-Driving subscriptions in half for customers in the US and Canada, to $99 per month. The company is calling the software “Supervised FSD,” an acknowledgment that the cars are not yet fully autonomous.
  
  Civil War took home $25.7 million to be the top-grossing movie at the box office this weekend. The dystopian film from writer-director Alex Garland about a new conflict in the US exceeded expectations and gave studio A24 its biggest opening ever.
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