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# Top 5 US news stories
- URL: https://www.citizenjournal.us/top-5-us-news-stories-292/
- Published: 2026-10-23T11:37:33.000Z
- Updated: 2026-10-23T11:37:33.000Z
- Description: October 23 2026
- Author: Greg Loving
- Tags: National, email, #summary

# Oil Tops $113 as AI Trade Slides and Bond Yields Fall

# Fuel Costs Push American Airlines Toward Annual Loss

# Trump Signs Executive Order to Cut Housing Costs, Moves to Expand Fuel Refining

# USDA Proposes Fertilizer Aid as Higher Prices Boost Dow Profits

# Moderna Vaccine Combination Cuts Melanoma Recurrence or Death Risk

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# Oil Tops $113 as AI Trade Slides and Bond Yields Fall

Brent crude climbed above $113 a barrel Thursday amid concerns about the Iran war, while investors buying Treasury bonds pushed the 10-year yield below 5%. Stocks tied to artificial intelligence sold off as investors questioned how companies would finance their expansion. The Nasdaq fell 2.6%, its steepest drop since June. Meta reported negative free cash flow for the first time in more than a decade as it raised spending plans. Nvidia CEO Jensen Huang also warned that financing for AI cloud companies was becoming scarce. Most S&P 500 stocks rose, but losses among large AI companies pulled the index lower.

NBC News / AP / Kiplinger

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# Fuel Costs Push American Airlines Toward Annual Loss

A 67.5% jump in fuel costs helped push American Airlines to a $269 million third-quarter loss despite record revenue, the carrier reported Thursday. Revenue rose 19.3% to $16.3 billion, while fuel expenses increased $1.9 billion to $4.6 billion. The Fort Worth, Texas-based airline’s adjusted loss was 28 cents a share, matching Wall Street expectations. American forecast an adjusted fourth-quarter loss of 50 cents to $1.10 a share and a full-year adjusted loss of $1 to $1.60 a share. That outlook assumes jet fuel averaging about $4.70 a gallon in the fourth quarter. With fuel costs outpacing strong travel demand, the airline said it would slow capacity growth in 2027.

American Airlines / CNBC / AP

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# Trump Signs Executive Order to Cut Housing Costs, Moves to Expand Fuel Refining

President Donald Trump signed a housing-cost order and invoked the Defense Production Act to expand fuel refining Thursday, 12 days before the midterm elections. The housing order directs federal officials to test automatically canceling mortgage insurance once borrowers meet equity requirements based on current home values. It also calls for permanent title insurance waivers on eligible refinances, lower rates on certain Agriculture and Veterans Affairs home loans, and a manufactured-housing task force. The Energy Department separately announced up to $150 million in funding to restart an idled refinery and expand refining, storage and logistics elsewhere. Officials projected millions of additional gallons of daily output but named no recipients or completion dates. Most housing measures require further agency action, leaving no established timetable for savings on mortgages or fuel before voters go to the polls in th midterms.

HousingWire / Real Estate News / Energy Department

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# USDA Proposes Fertilizer Aid as Higher Prices Boost Dow Profits

The Agriculture Department proposed $573 million Thursday for eight fertilizer projects intended to reduce farmers’ reliance on foreign supplies. The new production is not expected until 2027 and 2028, leaving growers without immediate relief from the investment. Meanwhile, chemical maker Dow reported a quarterly profit of $525 million, up from $124 million a year earlier. The Strait of Hormuz shutdown disrupted petrochemical shipments and helped drive Dow’s prices up 14%, even as it sold slightly less.

USDA / Market Talk / Dow / Reuters

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# Moderna Vaccine Combination Cuts Melanoma Recurrence or Death Risk

Moderna and Merck’s personalized cancer vaccine, combined with Keytruda, reduced the risk of melanoma returning or death by 42% compared with Keytruda alone in a Phase 3 trial, the companies reported Thursday. At two years, 82.2% of patients given the combination were alive without recurrence, compared with 70% receiving Keytruda alone. The experimental vaccine, intismeran autogene, targets mutations in each patient’s tumor, offering a potential way to help the immune system fight remaining cancer cells after surgery. The combination also reduced the risk of cancer spreading to distant parts of the body or death by 38%. The companies said longer follow-up is needed to determine whether patients live longer overall. Moderna shares fell as much as 25% after partial results leaked, a reaction analysts said likely reflected inflated expectations already built into the stock price.

CNBC / Merck and Moderna

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# October 23, 2001: Apple Announces the First iPod

Apple unveils the first iPod, a sleek digital music player that could store up to 1,000 songs and fit in a pocket. Its minimalist design and integration with Apple’s ecosystem transformed how people consumed music and helped propel Apple into a leading consumer electronics company.

*This article was written using our proprietary AI system, Cronkite. The final decision to publish this article was made by a human. For more info, read our [AI policy](https://www.citizenjournal.us/ai-policy/).*

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## Sources

1. [NBC News](https://www.nbcnews.com/business/markets/iran-war-ai-spending-oil-prices-selloff-rcna604994?ref=citizenjournal.us) / [AP](https://www.usnews.com/news/business/articles/2026-10-23/asian-shares-slip-as-sharp-drops-for-ai-stocks-overwhelm-markets-worldwide-and-oil-prices-jump?ref=citizenjournal.us) / [Kiplinger](https://www.kiplinger.com/investing/stocks/nasdaq-sinks-694-points-as-meta-stock-slumps-stock-market-today?ref=citizenjournal.us)
2. [American Airlines](https://news.aa.com/news/news-details/2026/American-sets-new-revenue-records-amid-historic-fuel-cost-pressure-CORP-FI-10/default.aspx?ref=citizenjournal.us) / [CNBC](https://www.cnbc.com/2026/10/22/american-airlines-aal-q3-2026-earnings.html?ref=citizenjournal.us) / [AP](https://wtop.com/national/2026/10/american-airlines-q3-earnings-snapshot?ref=citizenjournal.us)
3. [HousingWire](https://www.housingwire.com/articles/trump-order-mortgage-insurance/?ref=citizenjournal.us) / [Real Estate News](https://www.realestatenews.com/2026/10/22/trump-signs-order-to-make-homeownership-more-affordable?ref=citizenjournal.us) / [Energy Department](https://www.energy.gov/articles/energy-department-use-defense-production-act-funding-restart-american-refinery-and-expand?ref=citizenjournal.us)
4. [USDA](https://www.usda.gov/about-usda/news/press-releases/2026/10/22/trump-administration-announces-major-investment-american-fertilizer-manufacturing-strengthen?ref=citizenjournal.us) / [Market Talk](https://www.markettalkag.com/2026/10/22/usda-picks-8-fertilizer-projects-in-1-34b-push-to-cut-farmers-reliance-on-imports/?ref=citizenjournal.us) / [Dow](https://www.prnewswire.com/news-releases/dow-reports-third-quarter-2026-results-302916752.html?ref=citizenjournal.us) / [Reuters](https://ca.finance.yahoo.com/news/chemicals-maker-dow-beats-third-101150517.html?ref=citizenjournal.us)
5. [CNBC](https://www.cnbc.com/2026/10/22/moderna-stock-cancer-vaccine-data-leak.html?ref=citizenjournal.us) / [Merck and Moderna](https://markets.financialcontent.com/times-online/article/bizwire-2026-10-22-merck-and-moderna-will-present-results-from-landmark-phase-3-interpath-001-trial-for-intismeran-autogene-plus-keytruda-pembrolizumab-at-esmo-2026-presidential-symposium?Language=english&ref=citizenjournal.us)

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