Morning Briefing: The 1st all-civilian crew has launched to orbit

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U.S. industrial production recovered to pre-pandemic levels in August
Industrial production in the U.S. rose in August, reaching pre-pandemic levels, although persistent supply constraints and shutdowns related to hurricane Ida weighed on activity in some sectors.

Elon Musk's SpaceX launches first all-Civilian flight to orbit
$Tesla (TSLA.US)$ The Inspiration4 mission, led by billionaire businessman Jared Isaacman, would take Americans the farthest into space since 2009.

Stocks climb after pullback
Major U.S. stock indexes recovered some of their recent losses as investors gauged the strength of the economic recovery, while oil prices rallied.

Canadian Pacific reaches $27 billion deal to buy Kansas City Southern
$Canadian Pacific Railway (CP.US)$ $Kansas City Southern (KSU.US)$ A rival bidder, Canadian National Railway, has dropped its pursuit, bringing to a close a months-long battle.

U.S. stockpiles of oil and refined-fuels fall sharply
Oil inventories plunged last week by 6.4 million barrels to 417.4 million barrels, the Energy Information Administration said. Analysts had predicted crude stockpiles would fall by a smaller, 2.5 million barrels from the prior week.

Wells Fargo embraces multicloud with Microsoft, Google deals
$Wells Fargo & Co (WFC.US)$ unveiled a decadelong initiative to update its digital infrastructure in part by moving its workloads to cloud services from $Microsoft (MSFT.US)$ and $Alphabet-A (GOOGL.US)$ -the latest large bank to make a significant bet on the public cloud.

FTC moves toward stricter antitrust scrutiny of vertical mergers
The FTC, by a 3-2 vote along partisan lines, withdrew guidelines adopted just last year on how the government reviews mergers of companies that don't directly compete with one another.

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