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All-Time High: Apple Hits First Record of 2025 as iPhone Optimism Fuels Rebound (Bloomberg)
Apple Inc. shares hit their first record of 2025 on Monday after Loop Capital upgraded the stock to buy from hold, becoming the latest firm to cite positive iPhone demand trends. The recent strength comes amid signs of stronger-than-expected demand for its latest iPhone lineup, adding to hopes that a long-awaited upgrade cycle could be underway.
Apple had been a high-profile underperformer
among S&P 500 Index stocks for much of the year, down as much as 31% at its worst point in April. But since then the iPhone maker has soared more than 50%, finally turning positive for the year in late September.
AI in Finance: OpenAI Hires 100+ Ex-Investment Bankers to Help Cut Down Junior Bankers’ Grunt Work (Bloomberg)
OpenAI has more than 100 ex-investment bankers
helping train its artificial intelligence on how to build financial models as it looks to replace the hours of grunt work performed by junior bankers across the industry. The group, which includes former employees of JPMorgan, Morgan Stanley and Goldman, is part of secretive project inside the startup that’s code named Mercury, according to documents seen by Bloomberg.
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Cover Story: Inside Gavin Newsom’s Plan for Taking On Trump (Bloomberg Businessweek)
Armed with a podcast, a ballot measure and tweets, California’s governor Gavin Newsom is spoiling for a fight with the president. On Nov. 4, Californians will decide whether the so-called Election Rigging Response Act will pass, which would temporarily suspend the state’s independent redistricting commission and allow the legislature to redraw congressional districts.
California Democrats are eyeing a new map designed to create five more House seats for the party and strengthen its hold on a handful of others.
“For
Democrats, California is not just the big enchilada,” says Amy Walter, editor-in-chief of the nonpartisan Cook Political Report. “It’s the only enchilada on the menu.”
Court Allows US Troops in Cities: Trump’s Portland Deployment Allowed for Now by Appeals Court (Bloomberg)
A US appeals court allowed President Trump’s plan to deploy troops to Portland, Oregon for now, a major boost for the administration’s effort to send the military into Democratic-led cities.
But in Illinois:
IL Officials Ask Supreme Court to Keep Block on Trump’s Chicago Troop Deployment (New York Times)
State and local officials in Illinois urged the Supreme Court on Monday to leave in place a lower court order blocking the Trump administration from deploying National Guard troops in the Chicago area in a case with implications for the use of state-based military forces in other American cities.
Pushing for Green Power: Two Dozen US States Sue EPA Over Canceled Grants for Solar Power (Axios)
The Trump administration was sued by some two dozen states that are seeking to block the Environmental Protection Agency (EPA) from canceling a $7 billion solar energy program.
The states argue in a lawsuit filed
in the US District Court for the Western District of Washington that the EPA "illegally terminated" the program that's "designed to bring low-cost distributed solar energy to over 900,000 households in low-income and disadvantaged communities."
Carl Pope: How an Independent Judiciary is Keeping the Lights On and Power Prices Low in the Northeast US (Daily Read Blog)
Federal judges may be rescuing the Trump Administration from a corner it was rapidly painting itself into: the appearance that it had virtually declared a war on energy in the six states of New England, denying them the only available solution to an escalating energy crisis.
RFK Jr. Sparks Drug Confusion: Tylenol Maker Urges FDA to Reject Request for Autism Warning (Bloomberg)
Tylenol maker Kenvue Inc. urged US regulators to deny a request warning against Tylenol’s use during pregnancy, laying out the most detailed defense of its biggest product after Trump administration officials tied its use to autism.
“The expansive scientific evidence developed
over many years does not support a causal link, as confirmed in the Food and Drug Administration’s own public statements,” Kenvue said in a statement.
The debate over Tylenol’s safety adds to Kenvue’s mounting woes and puts its largest brand by revenue at significant risk, as the Trump administration's claims quickly spread confusion about the drug’s safety.
Mideast Analysis: This Weekend’s Violence in Gaza Shows How Fragile the Ceasefire Really Is (New York Times)
Ukraine in the UK: Zelenskiy to Meet Allies in London on Friday, Macron Says (Bloomberg)
Ukrainian President Volodymyr Zelenskiy will attend talks with western allies in London on Friday, French President Emmanuel Macron said.
The gathering comes ahead of an expected meeting between US President Trump and Russia’s Vladimir Putin in Budapest in the coming weeks and after Zelenskiy met Trump at the White House last week.
Down Under Deal: Trump Signs Agreement on Critical Minerals With Australia (Bloomberg)
US President Trump signed an agreement with visiting Australian Prime Minister Anthony Albanese to boost access to critical minerals and rare earths as the US looks to reduce reliance on Chinese supply chains.
Paris
Insider: A 7-Minute Louvre Heist Leaves Behind DNA and Dropped Crown
(Bloomberg)
It took just seven minutes for robbers armed with disc grinders to get in and out of the world-famous Louvre museum in Paris with a stash of royal necklaces, tiaras and earrings.
They left the nearby 140-carat “Régent” diamond untouched, dropped a crown with more than 1,000 diamonds, and fled, abandoning a yellow vest with DNA traces — giving hope to shamefaced politicians and police that a massive security lapse won’t lead to a permanent loss.
Interior Minister Laurent Nunez said he was “hopeful that we will very quickly find the perpetrators and, above all, the stolen items.”
Autumn in Tokyo: 14 Best Parks, Gardens and Streets to See the Fall Foliage in Japan (Time Out - Japan)
As autumn settles over Japan, Tokyo transforms into a living canvas of gold and crimson, its gardens, parks, and quiet corners glowing with color through late November.
From historic retreats and lush green escapes to hidden viewing spots tucked between skyscrapers, the city offers countless ways to soak up the season’s brilliance — all right here in or near Tokyo.
From the golden ginkgo-lined boulevards of Meiji Jingu Gaien and Marunouchi Gyoko-dori to the tranquil ponds and teahouses of Koishikawa Korakuen and Hama-rikyu Gardens, Tokyo glows with the warmth of autumn. Shinjuku Gyoen offers quiet maple-lined strolls, while Showa Kinen Park and Rikugien Garden light up at night with breathtaking displays of color. For a quick escape, head west to Mt Takao or Mitake Gorge, where fiery hillsides and riverside trails showcase autumn at its peak — all just a short trip from central Tokyo.
In Photos: The
20 Most Creative Costumes from NYC's Halloween Dog Parade in Tompkins Square Park
(People)
From dogs dressed as a bowl of Ramen to arriving an a cart of stuffed animals from FAO Schwarz, NYC's annual Halloween dog parade hit it's 35th year in stride.
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