JP Morgan upgraded Meta Platforms (META.O) to overweight from neutral and raised its PT to $820 from $640.

EIA Short-Term Energy Outlook: US oil demand forecasts unchanged at 20.60 mln b/d for 2026 and 20.80 mln b/d for 2027.

Trump pledged to pay $5,000 to every U.S. adult if Republicans retain control of both chambers in November’s midterm elections. The plan would require over 200 mln payments and exceed $1tn if no income limits are applied. Trump suggested tariff revenue could fund the program but offered no detailed funding plan. The proposal raises inf and fiscal-debt concerns and is expected to trigger debate; Republican lawmakers may find it politically difficult to oppose if the pledge helps preserve their majorities.