October 06, 2026

Presented By

Mornin’. Our family is growing! But we won’t make you watch us cut a colorful cake to reveal anything, we’ll just tell you right now that Express Checkout is joining Morning Brew Inc. So get ready to have Nate Rosen and Jenna Movsowitz fill you in on the latest trends in consumer packaged goods and the why and how behind what we’ll all be buying next. You can check it out here.

—Matty Merritt, Dave Lozo, Molly Liebergall, Neal Freyman, Abby Rubenstein

In today’s newsletter, we’ll get into:

A major climate change case at the Supreme Court
Sam Altman’s thoughts on AI’s costs and benefits
Why Slovenia might be the winner of the pivot to super intelligence

Markets

Nasdaq

27,477.31

+1.05%

S&P

7,773.95

+0.66%

Dow

51,267.9

+0.18%

10-Year

5.311%

+3.0 bps

Bitcoin

$85,950.56

-0.55%

SpaceX

$171.09

+7.63%

Data is provided by

*Stock data as of market close, cryptocurrency data as of 6:30pm ET. Here's what these numbers mean.

Markets: Investors chose optimism yesterday, focusing on the promise of tech over signals from the bond market and pushing the Nasdaq to a new record. AI-related stocks in particular shone, with Nvidia also hitting a record and SpaceX hitting its highest since June, making Elon Musk a trillionaire again.

BACK IN SESSION

The Supreme Court hears Boulder vs Big Oil

Illustration: Morning Brew Inc., Photo: Jim Watson/Getty Images

The Supreme Court returned from summer break and barely had time to hang up their flip-flops before jumping into one of the thorniest cases on the new term’s docket. The justices heard arguments yesterday in Boulder, CO’s lawsuit against Exxon Mobil and Suncor Energy for damages it claims they contributed to via climate change. The court’s decision could determine whether dozens of other lawsuits seeking billions of dollars from fossil fuel companies can proceed.

A big tobacco moment? Boulder’s suit claims the energy companies contributed to climate disasters, including fires, that impacted the city. Boulder says it isn’t suing to regulate greenhouse gas emissions—instead it’s focusing on consumer protection, modeling its case after successful suits against opioid makers and the tobacco industry.

Boulder argues that taxpayers shouldn’t shoulder the bill for cleanup, emergency services, and rebuilding.
Exxon and Suncor say greenhouse gas emissions are regulated federally, not by states, so the lawsuit shouldn’t proceed. The Trump administration agrees.

It could go a lot of ways

The justices asked both sides tough and technical questions about the impact of federal law, making it hard to know how SCOTUS might rule (likely in June). Here are some possibilities:

The court sides with the energy companies, ending the case.
It sides with Boulder and the lawsuit continues (and likely so do many others).
The justices split 4–4. This is possible because Justice Samuel Alito recused himself after watchdog groups pointed out his large investments in fossil fuel companies. The justices could also say it’s too early for them to get involved, leaving the case intact but the larger issue undecided.

What else is on the docket? The Supreme Court will soon consider several cases that would grind any dinner conversation to a halt. There’s an immigration case over third-country deportations, plus cases over the Ten Commandments being displayed in schools and whether states can ban AR-15s. There could also be cases over the midterm elections.—MM