AI Summary
5 min readHarvey Weinstein was sentenced to 15 years in prison today, and federal prosecutors in Manhattan have opened a probe into Jeffrey Epstein’s longtime lawyer and accountant, who are now executors of his estate. Meanwhile, President Trump is considering restricting U.S. diesel exports, a move that has sent oil executives and lobbyists scrambling to register their opposition. And Meta’s stock is jumping on the popularity of its new AI agent app, Muse, which has been sitting at number one on Apple’s U.S. App Store since Friday. Here’s what you need to know.
Diesel Export Restrictions and the Oil Industry’s Pushback
The national average for a gallon of diesel is now more than $6.50, up nearly a dollar over the past month, driven in part by the Iran war. Yesterday, the Journal reported that President Trump is considering restricting diesel exports from the U.S., and today, Energy Secretary Chris Wright hinted at a gentler regulatory approach — but without details. WSJ oil and gas reporter Benoit Moren said the administration is expected to take some action.
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What you'll learn
- 1 (00:18) **Harvey Weinstein Sentenced & Epstein Estate Probe** - Disgraced mogul gets 15 years for criminal sexual act; federal prosecutors open a new investigation into Epstein’s lawyer and accountant.
- 2 (02:07) **Iran’s President Open to Talks but Rejects “Bullying”** - At the UN General Assembly, Masoud Pezeshkian signals a willingness for diplomacy with the U.S. while vowing not to surrender to threats.
- 3 (03:03) **Oil Industry Pushes Back on Potential Diesel Export Limits** - President Trump is considering restricting diesel exports to lower domestic prices, causing a scramble among oil executives and lobbyists.
- 4 (05:04) **Political Calculus: Farmers vs. Oil Executives** - Republicans in tight midterm races, particularly from farming states, are pushing for the export restrictions to help constituents facing high fuel costs.
- 5 (06:10) **Market Moves: Oil, Bonds, and Stocks** - International oil prices surged nearly 4% to over $103, while U.S. bond yields hit multi-decade highs and stocks fell.
- 6 (06:39) **Trump Invites Putin to G20 in Miami** - Secretary of State Marco Rubio extends an invitation for the Russian president to attend the December summit, as diplomatic efforts to end the Ukraine war intensify.
- 7 (07:41) **Meta’s AI Agent ‘Muse’ is a Hit, But Faces Scrutiny** - The new personal AI app has topped Apple’s App Store, but it’s already encountering blocks from major retailers like Amazon.
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Show Notes
P.M. Edition for Sept. 23. WSJ energy reporter Benoit Morenne discusses why the oil industry is so opposed to the Trump administration’s idea of limiting diesel exports.… and who wants President Trump to put restrictions in place. Plus, Secretary of State Marco Rubio says President Trump has invited Russian president Vladimir Putin to the G-20 meeting in Miami this December. And Meta’s new personal AI agent Muse has been sending the company’s stock price higher, but Meta’s lead in that space isn’t guaranteed. We hear from Journal reporter Meghan Bobrowsky about hurdles to the app’s growth and what she’ll be watching for during Mark Zuckerberg’s keynote later today at the Meta Connect conference. Alex Ossola hosts.
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