Industries

• Democrats Pour Millions Into Ad Buys in Iowa, Ohio Senate Races
  The top Senate Democratic super political action committee is shifting millions in ad money from North Carolina to Ohio and Iowa, a sign of the shifting battlefield for control of Congress just three weeks before the Nov. 3 midterm elections.
• Dangote Refinery to Extend IPO by Two Weeks to Add More Nations
  Aliko Dangote plans to extend the deadline for applications for the initial public offering in his Nigerian refinery by two weeks as Africa’s richest man seeks to provide investors in more countries access to the continent’s biggest listing to date, according to people familiar with the matter.
• Delta Delays Nonstop Service to Saudi Arabia Amid Conflict
  Delta Air Lines Inc. said it plans to delay the launch of its nonstop service between Atlanta and Saudi Arabia until next year due to drone and cruise missile attacks detected by the country on Monday.
• Flávio Bolsonaro Authorized to Visit Father by Court Before Vote
  Brazil Supreme Court Justice Alexandre de Moraes has authorized Senator Flávio Bolsonaro to visit his father and former President Jair Bolsonaro who’s under house arrest less than two weeks before the presidential runoff.
• Stellantis CEO Dismisses Idea of Separating European, US Brands
  Stellantis NV Chief Executive Officer Antonio Filosa rejected the notion of separating the group’s European and US brands, saying the company’s strategy is based on all 14 of them “playing their unique role.”
• Starbucks Says It’s Not Buying Chipotle, Dousing Deal Rumors
  Starbucks Corp. said it’s not buying Chipotle Mexican Grill Inc., seeking to tamp down speculation about what could have been one of the restaurant sector’s largest-ever deals.
• SoftBank-Backed OPay Eyes Up to $500 Million in New York Listing
  SoftBank Group Corp.-backed OPay Digital Services Ltd. plans to raise about $500 million with its private placement and an initial public offering in New York, according to people familiar with the matter.
• Gramercy-Backed Firm Fends Off Ouster From $36 Billion Lawsuit
  A Gramercy Funds Management-backed law firm was unlawfully fired from a $36 billion lawsuit that has seen two private credit investors clash over who will represent hundreds of thousands of victims of a dam collapse in Brazil.
• Why AI Data Centers Cost Billions to Build
• Saudis Plan More Oil Pipe Capacity for Export Resilience
  Saudi Arabia is planning to ramp up pipeline capacity by 40% to avoid the Strait of Hormuz, after the kingdom leaned heavily on an existing cross-country conduit to export oil during the Iran war.
• Blackouts Hit Indian Factories as Coal Crunch Feeds Into Economy
  Indian factories, smelters and households are being hit by blackouts and rising energy costs as the impact of plunging coal stockpiles at the country’s power stations ripples through the economy.
• Japan Urges Oil Stockpiling, Development as Mideast Risks Rise
  Japanese Trade Minister Ryosei Akazawa called for stronger cooperation between oil-producing and consuming countries as well as greater oil stockpiling and infrastructure development in Asia, seeking to strengthen the region’s resilience to supply disruptions.
• IEA Urges More Diesel Releases as Global Market Tightens
  The International Energy Agency urged members to speed up pledged diesel releases and consider supplying more as global markets tighten.
• Tesla Chart Watchers Eye $400-Mark as Key Level for Breakout
  A late summer bounce in Tesla Inc. shares contrasts with bearish indicators, leaving the market with questions about which direction the electric vehicle maker’s stock will head next.
• Tesla Faces US Probe Over Claim of Robotaxis Speeding in School Zones
  Tesla Inc. is facing scrutiny from US auto-safety regulators over whether its driverless taxis exceed posted speed limits near schools, a new hurdle for the automaker’s slow-growing robotaxi service.
• BYD Plans Hiring Spree to Bolster European Workforce to 40,000
  BYD Co. said it’s planning to go on a hiring spree in Europe and increase its workforce there to about 40,000 people by the end of the decade as the Chinese automotive giant seeks to evolve from a simple exporter to a major car producer in the region.
• DLA Piper Hires Latham Trio to Expand New Private Credit Group
  DLA Piper is hiring three senior lawyers from Latham & Watkins to join its growing capital solutions business as it continues an aggressive push into the private credit market.