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The White House ramps up pressure on the Kremlin as it imposes new sanctions on Russian oil giants and lifts restrictions on Ukraine's use of some long-range missiles.

Plus, Tesla's stock drops as Elon Musk derails the earnings call for a chat about his pay package.

Like my fundamental concern with regard to how much voting control I have in Tesla is,

if I go ahead and build this enormous robot army, can I just be ousted at some point in the future?

And President Trump tears down the entire East Wing of the White House.

It's Thursday, October 23rd. I'm Caitlin McCabe for the

Wall Street Journal, and here is the AM edition of What's News. The top headlines and business

stories moving your world today. Oil prices have surged after President Trump announced substantial sanctions on two Russian oil giants in what are the first direct U.S. measures on Russia during Trump's second term.

At the same time, we're exclusively reporting that the Trump administration has lifted a key restriction on Ukraine's use of some

long-range missiles provided by Western allies, enabling attacks inside Russia. The moves come as the U.S.

aims to pressure Russia into a ceasefire in Ukraine, following stalled negotiations and a canceled summit

between President's Trump and Putin.

Journal editor Lawrence Norman has been pouring over the sanctions announcement.

Lawrence, give us the details.

So the Trump administration, for the first time since it took office in January announced sanctions against Russia,

they've targeted the two biggest Russian oil firms Rosneft and

Luke oil with a pretty broad transactions ban aiming to hit the energy sector which produces

a massive chunk of Russia's budget which it uses to pay for the war. So this is really a milestone

moment on the Trump administration's approach to the war. You said it's a milestone moment. Can you

give us a bit more context of how big a deal this is? European allies have been wanting these

...