US Treasury Secretary Bessent said the Federal Reserve must focus on conditions 9, 12 and 18 months ahead.

The Information, citing five people, reports the White House has invited OpenAI, Google and Anthropic staff to a Tuesday meeting to review a completed AI oversight framework. The draft would establish a voluntary programme requiring AI labs to submit models to government review before release to partners or the public. The meeting comes days after an Aug. 1 completion deadline set by an early‑June executive order. It is being hosted by the Office of the National Cyber Director; the invitation reportedly says the agenda will cover next steps and an unspecified related activity. Sources said companies are expected to send employee‑level representatives rather than senior executives and that the session is not a public rollout.

Brazil’s crude production reached a record in June, helping to offset supply disruptions from the war involving Iran. ANP data show June crude output rose about 19% YoY to 4.5 mln bpd and roughly 4% from May; oil and gas output totaled 5.8 mln boe/d. State-controlled Petróleo Brasileiro (Petrobras) led the increase, extracting more from fields and pushing Búzios and other deepwater platforms above nameplate capacity; ANP says Petrobras-operated fields account for about 87% of Brazil’s oil production.