Writing the summary…
Senators clinch construction permitting deal before election jet-set
Source: CNBC
Original reporting
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Micron beats on earnings and issues strong guidance as data center revenue jumps 11-fold
Micron is up over 500% in the past year as the company benefits from soaring AI demand.
CNBC
10-year Treasury yield is higher as traders look past inflation data, await jobs report
Treasury yields were lower on Wednesday following the release of lighter-than-expected U.S. inflation data.
CNBC
Elon Musk, Palmer Luckey and Newt Gingrich to help Pentagon with warfare initiative, Hegseth says
Pete Hegseth, in remarks about the state of the military, announced a project led by two GOP-supporting tech executives to examine military capabilities.
CNBC2 outlets
Fed watchdog finds renovation failures, but no grounds for criminal referral
The long-awaited report by the Fed's inspector general said it found no reasonable grounds to believe federal criminal law had been violated.
CNBC
Crude oil exports through the Strait of Hormuz hit prewar levels, but fuel shipments remain constrained
It is unclear how long the recovery can be sustained given that it relies on the U.S. military protecting tankers in the Persian Gulf.
CNBC
Stellantis CEO reconfirms 2026 guidance, says turnaround plan continues as automaker's shares hit new low
Stellantis CEO Antonio Filosa on Wednesday reconfirmed the company's 2026 guidance and its plans to be cash flow positive by 2027.