Governors' Wind Energy Coalition

Goldman Sachs added Adyen, RWE, and Talanx to its European 'Conviction List' with upside targets of 77%, 28%, and 13% respectively, citing growth drivers and strategic advantages. The bank removed Enel, Wise Group, Hannover Re, and Zalando from the list. Goldman highlighted Adyen's AI partnerships, RWE's energy transition, and Talanx's international growth prospects.

RWE will receive $1.2B from a federal fund to cancel offshore wind leases and invest in fossil fuel projects. $900M will go to a Louisiana LNG project, with a stake sold by a private equity fund linked to Trump donor Michael Dorrell.

TotalEnergies SE reported Q2 net income attributable to shareholders of $5.438 billion, up from $2.687 billion a year earlier, with adjusted net income of $6.027 billion. Sales rose to $61.771 billion. The company lifted its interim dividend to €0.90 per share and authorized $1.5 billion in Q3 buybacks, citing higher oil prices.

Meta agreed to an $18B settlement for alleged harms to young users, including usage limits and filter changes. Morgan Stanley suggests this could pave the way for new AI products, citing Meta's pipeline. Meta will pay the settlement over 10 years, taking a $10B legal charge in Q3. Needham maintains a 'hold' rating, citing concerns over Meta's broad strategic focus. According to Morgan Stanley, teens make up only 1% of Meta's revenue.

The DOJ is investigating eight major U.S. retailers, including Walmart and Amazon, over rising beef prices, which have increased around 10% in the past year. The probe follows a broader investigation into meatpackers and aims to address beef affordability. According to the BLS, beef prices rose 9.4% in the year ending July, driven by drought, high costs, and herd liquidation. The DOJ has not specified the exact reasons for the retailer investigation.

The EPA granted 1.76 billion renewable fuel credits in exemptions for 2025, double earlier estimates, and plans to reallocate obligations to larger refiners. Marathon Petroleum and Chevron were among those granted exemptions. Ethanol blending credits rose 16%. The move may increase tensions between energy and agriculture industries ahead of elections.