US stocks rise after oil prices whip below $90

U.S. stocks rose following a remarkable reversal, as oil prices went from their highest prices since 2022 back below $90 per barrel.

The S&P 500 dropped as much as 1.5% Monday morning before flipping to a gain of 0.8% at the end of the day’s trading. The Dow Jones Industrial Average clawed back a plunge of nearly 900 points to rise nearly 240, while the Nasdaq composite climbed 1.4%.

Iran war puts at risk key pipelines, refineries

Attacks by the U.S. and Israel on Iran, and Iranian missile and drone attacks on neighboring countries, have disrupted oil and gas supplies to the rest of the world — and dealt an energy price shock to the global economy.

Oil and natural gas prices have soared after the effective closure of the Strait of Hormuz, conduit for some 20% of the world’s oil and liquefied natural gas.

Hims & Hers Health, Novo Nordisk end suit

Hims & Hers Health has agreed to stop selling compound versions of Novo Nordisk’s Wegovy and other weight-loss drugs, ending for now a patent lawsuit.

The companies on Monday announced a partnership in which Hims & Hers will sell Novo Nordisk’s medications at “self-pay prices.” Hims will also stop advertising compounded GLP-1 drugs on its platform or in its marketing.

Fired NTSB member denies misconduct

The White House says it fired an NTSB board member for serious misconduct, and he says the claims are false. President Donald Trump’s administration on Monday accused Todd Inman of drinking on the job, harassing staff, misusing government resources, and skipping many meetings.

Inman says he denies the allegations and plans to defend his reputation in court. Inman is a Republican appointed during former President Joe Biden’s administration.

Uber’s women-only option goes nationwide

Uber is launching a feature that will allow both women riders and drivers across the U.S. to be matched with other women for trips, expanding a pilot program aimed at addressing concerns about the safety of its ride-hailing platform.

The San Francisco-based company’s announcement Monday comes despite an ongoing class action lawsuit against the policy in California, filed by Uber drivers who argue that it is discriminatory against men.

Hungary to set price cap on gasoline and diesel

Hungary is introducing a new cap on gasoline and diesel prices as oil markets surge during the Iran war.

Prime Minister Viktor Orban says the cap will start at midnight on Monday. He has set a fixed price per liter for gasoline and diesel. Orban also says Hungary will release oil reserves to avoid shortages.

Simon & Schuster names Amazon exec as CEO

Simon & Schuster has named a former Amazon.com executive as its new CEO. The publisher announced Monday that Greg Greeley’s appointment is effectively immediately.

The 62-year-old Greeley succeeds Jonathan Karp, who announced last year that he was stepping down.

Paris Hilton launches recovery fund for women

Paris Hilton has launched a new national fund to help women-owned small businesses recover after disasters.

On Monday, she donated $350,000 to start the Back in Business Recovery Fund. Hilton says she expanded her effort after supporting women entrepreneurs hit by the 2025 Los Angeles fires. Those grants helped many owners reopen and keep paying staff.