The first commercial drone deliveries in the U.S. will take off today as Alphabet's Wing unleashes its aircraft over the suburban towns of Frisco and Little Elm, which are located just north of Dallas, Texas. If successful, the service could revolutionize how goods are currently transported around cities. Wing has partnered with Walgreens, Blue Bell Creameries, Easyvet, and Texas Health for the initial rollout, meaning consumers will be able to order prescription pet meds and ice cream, among other items.

Warren Buffett is definitely making a return to dealmaking after bemoaning the lack of good investment opportunities. Fresh off an $11.6B deal to buy insurance firm Alleghany Corporation, the Oracle of Omaha is sinking $4.2B into HP, taking an 11.4% stake in the computer and printer maker. Back in March, Buffett also disclosed a 15% stake in Occidental Petroleum worth $7.6B amid rising oil prices and Russia's invasion of Ukraine.

The labor market tightened further last week, with initial jobless claims falling to their lowest level in more than 53 years, the Labor Department reported Thursday.  Initial filings for unemployment dropped to 166,000, well below the Dow Jones estimate of 200,000 and 5,000 under the previous week’s total, which was revised sharply lower. Last week’s total was the lowest since November 1968.