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Here's your morning brief for Thursday, October 23rd.

I'm Caitlin McCabe for the Wall Street Journal.

Oil prices have surged after President Trump announced substantial sanctions on two Russian oil giants in what are the first direct

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 move comes as

the U.S. aims to pressure Russia into a ceasefire in Ukraine, following stall negotiations and a

canceled summit between Presidents Trump, and Putin.

We are exclusively reporting that the Commerce Department is in talks with several quantum computing companies

about taking equity stakes in the firm in exchange for federal funding.

Companies including IONQ, Raghetti Computing, and D-Wave Quantum are discussing minimum

awards of $10 million each from a pot earmarked for promising technology companies.

It's the latest signal that the Trump administration is expanding its interventions in what it

sees as critical segments of the economy.

And in what has been a bumper earnings day for

Europe, French defense company Tallis is grabbing headlines after announcing a European space tie-up

with Airbus and Leonardo to compete with Elon Musk's SpaceX. The company also reported

...