US shale producers are reducing drilling activity and capital spending in response to a price slump induced by Opec, with fracking crews at a four-year low and projected oil output declining to 13.1 million barrels per day by late 2026. Executives warn of a “price war” with Opec nations that threatens to undermine US production growth, as many companies pause investment until prices stabilize around $75 a barrel.
Want More Context? 🔎
FDA Approves New Generic Abortion Pill
Federal officials have approved a second generic version of the abortion pill mifepristone, produced by Evita Solutions, sparking backlash from anti-abortion groups and politicians. Critics, including Republican Sen. Josh Hawley, argue the decision is reckless, while the FDA states it is legally bound to approve identical generic drugs, despite ongoing reviews of mifepristone's safety. Want More Context? 🔎
Read more