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Trump’s Diesel Dilemma and Oil Diplomacy

New York Times Business •
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President Trump announced at the U.N. General Assembly that U.S. government documents will rename “artificial intelligence” as “superintelligence,” dismissing safety concerns as a hoax. AI leaders Dario Amodei, Sam Altman, and Clément Delangue are slated to address world leaders. Meanwhile, falling oil prices—Brent crude below $100 a barrel—have driven the Nasdaq and S&P 500 to record highs, as traders hope diplomatic de‑escalation in the Middle East and Ukraine will restore fuel flows.

Trump and Ukrainian President Volodymyr Zelensky discussed a possible “energy cease‑fire” and an end to the war before winter, with Zelensky also requesting a new “winter package” of military aid. Diesel prices in the U.S. sit at $6.52, prompting some Republicans to push for a ban on diesel exports to ease costs for farmers and truckers, though the oil industry warns such a move could worsen the global energy crisis. Additional news includes Door Dash’s $131.5 million settlement with New York City over worker underpayments and Todd Boehly’s growing coalition to acquire Lukoil’s assets.