Jones Act Relief Extended, Iran War Presses On | Bloomberg Businessweek Daily 8/10/2026

Market Performance & Economic Trends - The S&P 500 index slightly declined by under 0.1% to 7,751 points, holding close to a record high, while the Dow dropped 130 points (0.2%) and the Nasdaq Composite fell 0.4% [5][6] - The 2-year Treasury yield stood at 4.23%, the 10-year yield at 4.65%, gold increased by 0.5% to $4,363 per ounce, West Texas Intermediate (WTI) crude rose 4.8% to $81 per barrel, and Brent crude increased 4.8% to $87.53 per barrel [7] - U.S. investment giants including Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs, and KKR are nearing a partnership with Nvidia on $500 billion in funding for AI infrastructure build-out, while Nvidia shares traded down by 2.5% [7][8] - Berkshire Hathaway shares increased by as much as 3% on positive earnings and hit a two-month high, backed by 4.5 billion dollars in stock buybacks and gains in manufacturing services [86] Corporate Earnings & Artificial Intelligence Integration - Grindr reported expected revenue of about $540 million, with shares falling previously after revenue forecasts trailed average analyst estimates, while planning to end the year with meaningfully fewer employees due to AI-driven productivity gains [42][53] - Grindr's AI coding tools have increased engineering productivity by a minimum of 2.5x, leading the company to hire roughly 20 fewer engineers than originally planned for the year [53][55] - Monday.com shares dropped 5% and are down about 40% this year following a weaker-than-expected revenue forecast amid software sector pressures and private credit exposure[87][88][89] - TenX shares plummeted 90% to $1.38 with a market capitalization of about $50 million after its major drug failed to meet the primary endpoint in improving six-minute walk distance versus a placebo[90][91] Critical Minerals & Industrial Policy - U.S. Antimony operates with a market cap of 1 billion dollars and shares up 34% this year, having secured a $27 million grant last year and requesting over $350 million in additional federal grants for antimony and tungsten [66][74] - President Trump touted $3 billion in U.S. investments in critical minerals mining alongside executives from Rio Tinto, USA Rare Earth, Energy Fuels, and U.S. Antimony to reduce supply chain reliance on China, which owns 85% of the world's antimony reserves [65][66][80]