Dr. Oz Says He's Eyeing Florida In Medicaid Fraud Crackdown

WTI Extends Gains, Shrugs Off SPR Release Amid Crude Build, Dip In US Production Oil prices are higher this morning, shrugging off the well-telegraphed (and practically useless) SPR release. "Oil prices remain volatile and risk sentiment fragile and trading is on the headlines and rapidly evolving conflict in the Middle East," noted Neil Wilson, Saxo UK investor strategist. And while, the main drivers of crude prices remain more global, the domestic supply and demand situation remains noteworthy based on its impact on gasoline (pump) prices. API Crude -1.7mm (+1.1mm exp) Cushing Gasoline -1.8mm Distillates -2.3mm DOE Crude +3.82mm (+1.1mm...

2026 Rate-Hike Expectations Plummet After Cooler-Than-Expected PPI Following yesterday's cooling (in-line) consumer price inflation data (driven in large part by energy deflation), US producer prices were expected to rebound modestly in July from a 0.3% MoM decline (headline) in June. Instead, headline Producer Prices were unchanged MoM (cooler than expected), pushing the annual change down from +5.5% to +4.7% YoY... Source: Bloomberg Core PPI (Ex Food and Energy) also printed cooler than expected (+0.2% MoM vs +0.3% MoM), dragging Core PPI YoY down to +4.2%... Final demand services: Prices for final demand services...

Rep. Khanna To Force Vote On Iran War Powers: 'Another Endless Dumb Foreign War' Authored by Dave DeCamp via AntiWar.com, Rep. Ro Khanna (D-CA) said on Wednesday that he will force a vote on a War Powers Resolution meant to prevent President Trump from attacking Iran without congressional authorization, as required by the Constitution. The resolution was introduced by Rep. Thomas Massie (R-KY), Khanna, and several other Democrats back in June 2025 amid the 12-day US-Israeli war against Iran, but a ceasefire was reached before a vote was held. Massie was the original sponsor, and the...