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Russian diesel barrels returning to a market Reuters says stays short into 2027 would cap distillate cracks, squeezing refiner margins and easing one of the stickiest pieces of inflation.

BREAKING: Ukraine's President Zelensky says President Trump's decision to lift sanctions on Russia and allow it to export diesel was "not fair and not honest," per Axios. "You know, it looks like a happy birthday present for Putin. It looks absolutely terrible," Zelensky said. https://t.co/BlKlFfTL74
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Card APRs back within a point of their record puts fresh pressure on the revolving balances that card issuers and retailers depend on, right as overdue bills sit at their highest rate since 2011.

The cost of consumer credit is rising. The average interest rate on a US credit card rose +0.2 percentage points in August, to 22.36%, its highest level in 12 months. This is now only 1.0 percentage point below the record 23.37% set in August 2024. Since 2021, the average https://t.co/xSeGsTuDYF
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A 77,000-job swing from what economists penciled in blows up the case for the Bank of Canada staying on hold, and the loonie and rate-sensitive Canadian names are the first to feel it.

CANADA’S ECONOMY LOST 68,000 JOBS LAST MONTH ECONOMISTS EXPECTED CANADA TO ADD 9,200 JOBS INSTEAD 🇨🇦🇨🇦🇨🇦
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MRNAModerna
After-hours
$225.00
+12.56%open $199.89

A 12.6% run to $225 piles roughly $11 billion onto Moderna's $89.8 billion market value in a single session, a move of a size this name rarely posts. Keep an eye on whether the gain holds through the after-hours tape.

THE IPO WIRE
Aspen Neuroscience, Inc.ASPE · Nasdaq

Aspen Neuroscience files for Nasdaq IPO as ASPE

Aspen Neuroscience filed its S-1 to list on Nasdaq, giving public investors a rare direct shot at patient-derived cell therapy for Parkinson's. Terms and deal size are still blank, but five banks led by Leerink Partners are on the cover. Pricing details are the next thing to watch.

Source: SEC filing
Biggest movers · At the close
  • MRNAModerna$224.1+13.8%
  • HIMSHims & Hers$30.89+10.1%
  • AMTAmerican Tower$181.7+9.0%
  • DOCNDigitalOcean$134.75+8.8%
  • ZSZscaler$233.23+7.6%
  • TMUST-Mobile US$148.02-13.6%
  • TAT&T$22.13-11.0%
  • VZVerizon$41.52-10.4%
  • JOBYJoby Aviation$5.44-5.5%
  • FUBOfuboTV$8.87-5.2%

All three major US wireless carriers closed down double digits on the same day, a rare sweep for names usually bought as defensive income. Moderna's 13.8% gain topped the board on the other side.

Losing 1.46 million barrels a day of Gulf output hits with US commercial crude stocks already at their lowest since 2018, so crude and offshore-levered energy names are the first place the storm shows up.

BREAKING: Hurricane Isaias shuts down 72% of U.S. Gulf of Mexico oil production, halting 1.46 million barrels per day as the Category 3 storm approaches landfall.
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With Brent above $104 on war risk, a ceasefire headline is the single biggest downside catalyst hanging over energy producers and the single biggest relief valve for inflation expectations.

JUST IN: President Trump reiterates oil prices "will drop like a rock" once the Iran war ends https://t.co/UgYeFYf4fd
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