Industries

• Hurricane Isaias Shuts Almost Three-Quarters of Gulf Oil Output
  Hurricane Isaias is lifting to US Gulf Coast crude prices, with nearly three-quarters of oil production in the region shut in.
• Panama Struck by Massive Quake, Sparking Tsunami Warnings
  Panama was struck by its strongest earthquake in more than seven decades on Friday, triggering tsunami warnings across parts of Latin America and temporarily shutting down sections of Panama City’s Metro.
• Democratic PAC Targets Tossup Kansas Senate Race With $5 Million
  Democrats announced a $5 million ad buy in Kansas, typically a solidly conservative state that has unexpectedly and rapidly become a Senate battleground ahead of the Nov. 3 midterm elections.
• Trump to Direct Agencies to Counter States Blocking Energy Plans
  President Donald Trump is set to direct the federal government to seek ways to overcome state obstacles to energy projects, following efforts threatening the development of a planned coal export terminal in California and a gas pipeline in New York.
• SoftBank-Backed OPay Wins $185 Million Standard Bank Placement
  SoftBank Group Corp.-backed OPay Digital Services Ltd. secured about $185 million in a private placement with Africa’s biggest bank as it prepares to list in the US.
• Jet Fuel Nears $5 a Gallon in New York, LA on War Disruptions
  Jet fuel prices in New York and Los Angeles are climbing back toward $5 a gallon as Ukrainian attacks on Russian refineries and curtailed Middle East shipments of refined products weigh on supplies.
• Old Downtown Chicago Trading Hub Is Reborn as an AI Data Center
• China's AI Dominance Hinges on Harnessing Its Energy Advantage
• SpaceX’s $750 Billion Rally Breaks Stock Out of Post-IPO Funk
  SpaceX investors are finally getting some reprieve after months of being whipsawed by volatility as the Elon Musk-led company’s stock breaks above the level it’s been stuck below since July.
• Musk’s India Romance Ends in Acrimony as Starlink, Tesla Stall
  Elon Musk’s extraordinary swipes at Indian billionaires this week mark a sharp turn in a relationship that once promised to make the world’s most populous nation a major new frontier for his business empire.
• Musk’s Bigger Test After Airwaves Is Building Costly Network
  SpaceX is closing in on a crucial swath of spectrum needed to turn Elon Musk’s rocket, satellite and AI company into a “major mobile carrier,” setting the stage for a clash with stalwarts like T-Mobile US Inc., Verizon Communications Inc. and AT&T Inc.
• SpaceX Crew Capsule Splashes Down in Pacific After ISS Stay
  A SpaceX capsule carrying four astronauts returned from space and splashed down off the coast of California on Thursday, capping the crew’s mission to the International Space Station.
• Bankers Prep €7 Billion Debt for Siemens Energy Unit Stake Sale
  Bankers are working on debt financings of up to €7 billion ($7.9 billion) to back a potential sale of Siemens Energy AG’s steam turbines business.
• Two Ships Hauling US LNG Divert to Europe as Asian Demand Eases
  Two tankers hauling liquefied natural gas from the US diverted toward Europe in recent days as Asian demand dipped, signaling temporary relief for the tight global market before winter kicks in.
• Spotify Renews Lucrative Multiyear Joe Rogan Podcast Deal
  Spotify Technology SA has renewed a multiyear licensing agreement with Joe Rogan, the world’s most popular podcaster.
• Boeing, Airbus Win Orders From Chinese-Owned Lessor Avolon
  Boeing Co. and Airbus SE both won orders from leasing company Avolon Holdings Ltd., locking in delivery slots as the planemakers’ backlogs swell.
• Delta Cuts Profit Outlook as Surging Fuel Costs Tighten Grip
  Delta Air Lines Inc. reduced its full-year earnings outlook as jet fuel prices remain elevated, signaling mounting pressure on an airline industry whose smaller players are even less equipped to weather spiraling costs.
• NYC’s Planned Harlem Crosstown Subway Gets Environmental Review
  New York’s Metropolitan Transportation Authority is starting an environmental review of a proposed crosstown subway line along Harlem’s 125th Street that could serve an estimated 164,000 weekday riders.
• Maextro Pledges Brake Redesign as Stock Drops on Test Report
  Anhui Jianghuai Automobile Group Corp. extended its slump after three vehicles from its flagship luxury brand were depicted in a media test with broken brake-pedal supports, prompting the automaker to pledge a redesign of the component and offer a free upgrade to owners.
• Gap Plans to Use Athleta Leader Exit to Rebuild Slumping Brand
  Gap Inc. sees the loss of its top executive at the struggling Athleta brand as an opportunity to “reimagine the brand’s path forward.”
• Chipotle Jumps on Report Starbucks Has Explored Takeover
  Chipotle Mexican Grill Inc. shares jumped after the Financial Times reported that Starbucks Corp. has worked with advisers in recent months on a takeover proposal for the burrito chain.