Small business owners are a bit more optimistic. I'm Novosafo with the Marketplace Minute. A measure of small business optimism hit its highest point of the year in June. Still, it remains far below its historic average. The National Federation of Independent Business says inflation remains a top concern, along with difficulty finding qualified workers.
The worst fears of the oil and gas industry failed to materialize after Hurricane Beryl pummeled Texas. Major refineries along the Gulf Coast reported minimal, if any, damage. Shipping and oil production are expected to resume quickly. A committee representing creditors of Purdue Pharma is asking a bankruptcy court for authority to sue the OxyContin maker's billionaire owners, members of the Sackler family. The Supreme Court last month rejected their efforts to shield themselves from future lawsuits.
Thousands of Boeing 737 MAX planes and next-generation models will undergo inspections of their oxygen mask systems. The FAS's faulty adhesive could cause those systems not to operate properly. I'm Nova Sapo with the Marketplace Minute.