US Awards $800 Million to TVA, Holtec to Spur Small Nuke Plants

US Defense Secretary Pete Hegseth has defended the legality of recent US military strikes on boats suspected of drug smuggling in the Caribbean, amidst growing backlash regarding these actions. The invocation of the 'fog of war' suggests complexities in military engagement and the challenges of distinguishing between legitimate targets and civilian vessels.

Oil prices have continued to decline as traders assess the implications of ongoing high-level discussions between the U.S. and Russia regarding the Ukraine conflict. The market remains cautious amid persistent attacks on Russian energy assets, which contribute to uncertainty about future oil supply and demand dynamics.

More shipments of US soybeans to China are expected to occur through mid-December, reflecting a positive trend in agricultural trade between the two nations. This increase is significant as it indicates a strengthening of trade relations and a response to demand in the Chinese market.

Medline Inc. is preparing to initiate formal marketing for its initial public offering (IPO) valued at $5 billion as early as Monday, positioning itself for what is anticipated to be the largest US listing of the year.

US oil futures remained unchanged following an unexpected draw in crude stocks reported by the American Petroleum Institute (API). This development indicates a potential tightening of supply, which could influence market dynamics in the near term.

The U.S. is set to announce a 'bridge payment' for farmers next week, as confirmed by Rollins. This payment aims to provide immediate financial support to farmers who are currently facing economic challenges, particularly amid ongoing uncertainties in the agricultural market.

Costco has initiated a lawsuit against the Trump administration, claiming that the imposition of tariffs under the International Emergency Economic Powers Act (IEEPA) was an overreach of executive authority. The retailer seeks a refund for duties paid if the tariffs are deemed unconstitutional by the courts.

Mistral, a French start-up, has unveiled new models in its efforts to gain a competitive edge in the open AI market, amid concerns that Europe is lagging behind the US and China in artificial intelligence advancements.