**Markets**

**Closing:** U.S. stocks finished lower Monday as markets await NVIDIA earnings

**August 25 Top 20 U.S. Stock Trading Volume:** Intel warns Trump administration stake poses business risks

Monday's Chinese ADRs showed mixed performance, with the Nasdaq Golden Dragon China Index (HXC) closing up 0.11%

International crude oil prices rose Monday amid concerns over Russian oil supply risks

Gold prices fell approximately 0.2% following Powell's speech the previous day, while the Philadelphia Gold and Silver Index barely managed another record closing high

European stocks closed collectively lower, with France's CAC 40 index down 1.59%

**Macro**

South Korean President Lee Jae-myung launches charm offensive during U.S. visit, Trump says will maintain U.S.-Korea tariff agreement

Trump says he wouldn't mind renegotiating U.S.-Korea trade agreement

Trump vows to get serious about U.S. drug prices, threatening to reduce drug costs by 1,500%, causing pharmaceutical stocks to decline

Trump questions whether America can "do business" in South Korea ahead of Lee Jae-myung's U.S. visit

Trump targets U.S. clean energy sector, plans to cancel Maryland's $6 billion offshore wind project

Trump says government will continuously reach deals similar to Intel stake arrangement

Trump administration reportedly considering sanctions on EU officials, euro drops 1%

No arrangements made yet for Russia-Ukraine summit, Trump attributes delay to Putin's dislike of Zelensky

Trump says security guarantee details for Ukraine haven't been discussed yet

Trump: Russian and Ukrainian presidents should meet, otherwise there could be "serious consequences"

U.S. Interior Department adds copper and potash to critical minerals list

Trump: Ready to deploy troops to cities even without governors' requests

French Prime Minister Barnier plans confidence vote on budget September 8, government survival faces test

**Companies**

Musk sues Apple and OpenAI, alleging harm to AI competition

Buffett denies Berkshire has interest in acquiring railroad companies

Intel warns U.S. government stake poses risks to shareholders and international sales

Saudi AI company breaks ground on first data centers, plans early next year operation, importing chips from U.S.

Pinault family reportedly considering sale of Puma shares

NVIDIA's new robot "brain" arrives! Jetson Thor AI computing power increases 6.5x, unlocking real-time physical AI inference

Trump threatens to revoke licenses of National Broadcasting Company (NBC) and American Broadcasting Company (ABC)

Terumo Corporation to acquire UK organ preservation equipment manufacturer OrganOx for $1.5 billion

7UP parent company to acquire Papa John's parent for over $18 billion

Meta plans to launch new smart glasses with displays

Boeing to restart contract negotiations with machinists' union during strike

**Commentary**

White House National Economic Council Director: Trump needs "several more months" to select new Fed Chair

Powell's dovish pivot significantly increases Waller's chances of succeeding as Fed Chair

Markets convinced Fed will cut rates in September, but subsequent path remains unclear

Fed official Logan: Money markets may face pressure at quarter-end but room for balance sheet reduction remains

U.S. business community worried about Trump's desire to pursue more Intel-type deals

Fed signals possible rate cut resumption, international oil prices rise in response

Commodities Overview: Oil prices continue rally, gold shows modest fluctuation

U.S. Treasury Market: Short-term bonds lead treasury decline as new auction round approaches

New York FX: Dollar posts biggest gain in nearly four weeks, G-10 currencies broadly decline