Axios reports Kushner is expected to travel to Cairo next week to meet with Egyptian mediators.

CENTCOM announced the launch of its first multi-domain, multinational attack-drone task force.

US July PPI subcomponents show persistent upstream inf pressures in intermediate demand, though MoM cooling. Processed-goods intermediate demand -0.6% MoM, +9.9% YoY; processed energy -3.1% MoM; processed food & feed -0.5% MoM. Unprocessed-goods intermediate demand -1.8% MoM, +7.1% YoY, largely due to a 11.9% MoM plunge in crude oil. Intermediate services demand +0.5% MoM, +5.1% YoY. By production stage, stage-4 intermediate demand +0.6% MoM (prior 0.3%); stage-1 and stage-3 each -0.1% MoM. Elevated YoY gains in intermediate demand indicate upstream cost pressure remains high and may gradually transmit to consumer prices.