Editorial companion

What stands out

Targa Resources jumped to record highs after signing 20-year, fee-based integrated midstream agreements with ExxonMobil subsidiaries and announcing a 70-mile expansion of its Bull Run pipeline in the Permian Basin, a deal that turns a slice of commodity risk into long-dated fee revenue. In one clip you have a concrete, contract-driven bull case for a midstream operator, while the same episode covers Meta Platforms facing a 29-state lawsuit over youth targeting and Duolingo getting an upgrade, reminding us markets move on both paperwork and perception.