Fed staff estimated that the proposed changes to the surcharge on global systemically important banks would result in an additional $13 billion increase in capital requirements.

Meta Platforms (META.O) CFO: The company is an industry leader in the field of generative artificial intelligence.

The Federal Reserve published its proposed technical revisions to the surcharge on global systemically important banks.

Fed Governors Waller and Bowman criticized the bank capital proposal.

Federal Reserve Chairman Powell: The proposal exceeds the requirements of the Basel agreement, and it must be ensured that the proposed method is worth the cost.

Federal Reserve Vice Chairman Barr: Regulators will consider all feedback and remain vigilant to avoid unintended consequences.

Fed Chairman Powell: Regulators must consider the benefits and costs of higher capital requirements.

Federal Reserve Chairman Powell: Support for seeking opinions on raising bank capital requirements requires finding a difficult balance point.

The European Commission estimated available maize production in the EU-27 at 63 million tonnes in 2023/24, compared with an estimate of 63.7 million tonnes a month earlier;

The European Commission estimated common wheat stocks in the EU-27 at the end of 2023/24 at 1.74 million tonnes, compared with a forecast of 2.05 million tonnes a month earlier.

The European Commission estimated available common wheat production in the EU-27 at 13.36 million tonnes in 2023/24, compared with the June estimate of 128.9 million tonnes.

U.S. President Joe Biden: Has asked Acting Labor Secretary Julie A. Su to issue a federal heat hazard alert.

U.S. President Joe Biden: The U.S. National Forest Service will allocate $1 billion to increase urban tree planting.

U.S. President Joe Biden has announced that he will take action to protect the American people from extreme heat.

Euronext launches a €200 million share buyback program.

SEC Chairman Gensler: SEC needs more resources and manpower.

Gensler, Chairman of the US Securities and Exchange Commission: There are many places in the encryption field that do not follow the rules.