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G7 Taps Oil Reserves, ICE Guidance, & Iced Coffee Etiquette

Good morning! The weekend edition is 610 words, a 3-minute read.

What’s on tap: 

  • ACA refund checks

  • High schooler’s education non-profit

  • Vehicles that hold value best

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Today’s Big Story

G7 Taps Oil Reserves

  • The G7 plans to release 100 million barrels of oil and fuel products from emergency reserves in an effort to bring down energy prices after months of disruption from the Iran war.

  • The release will begin with a substantial amount of diesel over the next 20 days before the remaining supplies are released over four months. U.S. diesel averaged $6.37 a gallon Friday after reaching a record $6.52 last month as shortages have pushed prices sharply higher in the U.S. and Europe.

  • Diesel supplies have been squeezed from several directions. Persian Gulf shipments have fallen because of war damage and blocked export routes, while Russia has stopped exports after Ukrainian strikes damaged its refineries. The new release follows a separate 426 million-barrel release announced by International Energy Agency members in March.

Saturday’s Quick Hits

  • The Trump administration began sending $500 refund checks to more than 950,000 Americans who bought health insurance through the federal Affordable Care Act marketplace. The White House says insurer fees passed on through premiums generated about $500 million more than needed to operate HealthCare.gov. The payments cover eligible consumers in 30 states who paid those costs without premium assistance. (More)

  • The Kennedy Center Honors will be held outside the Kennedy Center for the first time in the event’s nearly 50-year history. The Dec. 7 ceremony is moving to Washington’s 20,000-seat Capital One Arena while the Kennedy Center remains closed for safety assessments and potential renovations following a partial ceiling collapse. (More)

  • ICE has issued new guidance limiting vehicle stops to officers who have completed specific training and have government vehicles equipped with lights and sirens. Officers are also prohibited from pursuing drivers who refuse to stop or from using PIT maneuvers. The guidance follows several high-profile vehicle stops that ended in shootings. (More)

  • A judge permanently dismissed the vandalism case against former U.S. Olympian David Hearn after prosecutors acknowledged renovations likely caused damage to the Lincoln Memorial Reflecting Pool. Hearn had faced up to 10 years in prison after being accused of ripping its lining during a bike ride. The ruling prevents prosecutors from charging him again over the incident. (More)

  • U.S. employers added just 29,000 jobs in September. That fell well short of the 90,000 expected while unemployment rose to 4.2%. The government also cut July and August job gains by 60,000. The weak report could make the Fed less likely to raise interest rates again in October despite inflation remaining elevated. (More)

Weekly Dose of Positive

  • NBCUniversal’s annual Clear The Shelters campaign helped 135,000 pets find homes this year and raised $480,000 for participating shelters. The campaign has facilitated 1.5 million adoptions since 2015. (More)

  • A 12-year-old girl donated 30,000 diapers to a Phoenix food bank this year through an annual drive she started at age 7 after discovering the organization regularly ran out. (More)

  • Two olive ridley sea turtles made the first known nests on the U.S. West Coast. Officials rescued 204 eggs from Southern California beaches before hurricane-driven waves could destroy them. (More)

  • Bronx high school senior Max Owobu founded the Yenko Foundation at 15 after seeing children in Ghana working instead of attending school. His nonprofit now funds primary education for 10 children. (More)

Extra Credit

Where to find the world’s best soups.

Cars that hold and lose their value the most.

Is it rude to bring iced coffee to an interview?

Taco Bell and Duolingo are teaming up for a spicy colab.

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