The billionaire whose startup is trying to resurrect the woolly mammoth has his sights set on a new venture: bio-enhanced military dogs.

Ben Lamm of de-extinction startup Colossal Biosciences has teamed up with Anduril’s Palmer Luckey for a new company called Warhound, which has raised $200 million at a $1.2 billion valuation. Most military dogs come from Europe and are in limited supply—many don’t make it through the rigorous training.

The startup aims to clone the military’s top-performing dogs and enhance their capabilities. “This is the sci-fi future we were promised,” Lamm says.

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The price of jet fuel reached the equivalent of $206 per barrel, its highest level since the start of the Iran war, late last week, and analysts say it could surge much more next year.

Where markets closed (10/23): A selloff hit major indexes, with the Dow Jones Industrial Average falling 1.2%, the S&P declining 0.5% and the Nasdaq slipping 0.2%. Investors are keeping an eye on earnings and the Federal Reserve’s meeting this week.

Silver fell to its lowest price of the year Friday, which analysts attributed to inflationary pressures from rising oil prices. Justin Lin, an analyst at Global X ETFs, told Bloomberg that precious metals are likely facing a “liquidity-driven selloff,” which “tends to happen in sharp market downturns.”

Shares of AT&T, Verizon and T-Mobile faltered amid reports that SpaceX is in talks with cellular tower companies to secure at least 80,000 sites across the U.S. It’s the latest move from Elon Musk’s company........

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