Morning Business Report: Energy merger buzz, vaccine panel shake-up, and market moves

Shell may be exploring a blockbuster deal to acquire BP.

(LILAMAX)-Shell may be exploring a blockbuster deal to acquire BP. According to The Wall Street Journal, early talks are underway that could potentially unite two of the world’s largest oil giants in what would be the biggest energy deal in a generation. While discussions are in the early stages, and no agreement is certain, the mere possibility has already sparked waves through global energy markets.

Health Secretary Robert F. Kennedy Jr.’s vaccine advisory panel is expected to re-evaluate the national vaccine schedule for children and teenagers. The panel plans to examine the timing of key vaccines such as Hepatitis B and MMR, while also considering religious objections related to the use of fetal cell lines in vaccine development. Vaccine-related stocks are holding steady as investors await details on whether the Trump administration will push for policy changes.

U.S. markets closed mixed on Wednesday, following two consecutive days of strong gains. Recent optimism has been driven by signs of easing geopolitical tensions, though investors remain cautious heading into the second half of the year.

In a potential game-changer for the housing market, Bill Pulte—who oversees federal mortgage giants Fannie Mae and Freddie Mac—says homebuyers may soon be allowed to use cryptocurrency assets to strengthen their mortgage applications. The proposal would let buyers keep their crypto holdings intact rather than converting them into U.S. dollars, making it easier for digital asset holders to access government-backed loans.

FedEx expects to take a $170 million hit this quarter due to the ongoing U.S.-China trade war. Executives cite weakened demand for package deliveries from Chinese retailers such as Temu and Shein, directly tied to new tariff rules under the Trump administration. FedEx leadership says future performance is uncertain as trade policy remains in flux.