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Hour in Review — 2026-07-29 17:00 UTC0 sources
Markets experienced sharp volatility as the Dow Jones Industrial Average dropped over 850 points and oil prices surged, driven by heightened geopolitical tensions—including Ukrainian strikes on Russian logistics and a drone attack on an Egyptian port—and investor anxiety ahead of the upcoming Federal Reserve policy decision. Concurrent with this market unease, the hour featured significant regulatory and security developments: the FCC banned Chinese-made advanced robotics and power inverters, the UK launched an investigation into Microsoft’s 365 marketing practices, and the FTC sued Hims & Hers over alleged user data mishandling. Meanwhile, in the health sector, the FDA authorized the first freeze-dried plasma product for U.S. patients and an advisory panel recommended broader access to specific peptide therapies.