During a recent test, scientists at NASA's Johnson Space Center in Houston successfully extracted oxygen from simulated lunar soil. Lunar soil refers to the fine-grained material covering the Moon's surface.
This was the first time that this extraction has been done in a vacuum environment, paving the way for astronauts to one day extract and use resources in a lunar environment, called in-situ resource utilization.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.