Overview

• OPEC+ extends crude production cuts until 2025, with a phased rollback starting in October 2024.
• Saudi Arabia and Russia to maintain voluntary cuts of 1.7 million barrels per day.
• Nvidia reveals its next-generation AI chip, Rubin, set for a 2026 release.
• Dow Jones sees significant gains as inflation measures cool, while Nasdaq dips.
• FDA approves Moderna's RSV vaccine for adults over 60, marking its second U.S. market entry.