U.S. diesel prices remain near a record high at $6.43 per gallon, while regular gasoline averages $4.47. Energy prices have stayed elevated amid shipping disruption in the Strait of Hormuz and the Russia-Ukraine conflict. A national energy-aid group said households using heating oil could see winter bills rise by more than 31% year over year, and overall winter heating costs are expected to increase by more than 8.7%. Oil prices have eased slightly but are still above $100 a barrel.

AstraZeneca said its drug tozorakimab reduced the risk of worsening COPD symptoms by about 30% in two Phase 3 trials. The therapy is a first-in-class monoclonal antibody that targets interleukin-33. The U.S. FDA has granted the drug Breakthrough Therapy designation, a step intended to speed its review. COPD remains a leading cause of death in the United States, and standard treatment is largely based on inhaled medicines.

U.S. diesel prices climbed to a record average of $5.85 a gallon on Friday, up 55% since the Iran war began in late February. Gasoline averaged $4.14 a gallon, the highest ever for this time of year. Global oil prices hovered near $94 a barrel, well above the $72.50 level seen before the war. U.S. annual inflation was 3.4% in July, still above the Federal Reserve’s 2% target.

U.S. Department of Energy data show the Strategic Petroleum Reserve fell by more than 3 million barrels in the week ended Aug. 28, bringing inventories down to 286.6 million barrels, the lowest level in 44 years and about 40% of total capacity. A global energy shock tied to the Iran war has prompted large releases aimed at easing oil prices, but U.S. gasoline prices have remained above $4 a gallon, adding to inflation pressure and becoming a political issue ahead of November’s midterm elections. Global crude prices briefly rose above $92 a barrel after reports that an oil tanker was hit by three projectiles off the coast of Oman.

U.S. existing-home sales fell 1.7% in July from June to a seasonally adjusted annual rate of 4.06 million, the National Association of Realtors said Tuesday. The pace came in slightly above economists’ expectations of 4.05 million, according to FactSet. Sales were up 0.7% from a year earlier, while the median price rose 2% to $434,100. Freddie Mac reported the 30-year fixed mortgage rate rose to 6.69% last week, adding to affordability pressures for would-be buyers.

Toyota reported net profit of 1.48 trillion yen for fiscal 2024 first quarter (April–June), up 76% from a year earlier, on revenue of 13.5 trillion yen, up 10%. A weaker yen generated 345 billion yen in foreign-exchange gains, providing a significant boost to earnings. Global sales slipped slightly to 2.39 million vehicles, but the company raised its full-year sales outlook to 9.7 million vehicles. The results underscore how yen depreciation can benefit Japan’s export-heavy firms and is seen as a direct positive for Japan’s equity market and related stock indexes.

American Airlines temporarily halted all flights that had not yet departed across the United States after an IT systems outage. The Federal Aviation Administration issued an advisory on the ground stop, and the airline said a technology issue briefly affected connectivity for some systems. American said systems are coming back online and flights are departing again as operations gradually return to normal.

Meta and Google-owned YouTube have appealed a Los Angeles jury verdict that found both companies negligent in a young woman’s social media addiction case, awarding $3 million in damages and recommending another $3 million in punitive damages. The lawsuit focused on platform design features such as “infinite scroll” and autoplay, arguing those elements drove harm and were not protected under Section 230 of the 1996 Communications Decency Act. The decision added pressure on Meta as it came alongside a separate New Mexico jury verdict imposing a $375 million penalty over allegations that Meta’s platforms harm children’s mental health and safety.

Seven OPEC+ countries including Saudi Arabia and Russia said they will raise oil production by a combined 188,000 barrels per day in August, marking a fifth straight monthly increase. The move comes as concerns about oversupply build alongside a U.S.-Iran interim deal and a gradual reopening of shipping through the Strait of Hormuz. Brent crude has fallen below $72 a barrel, down sharply from a March peak near $120.