4 pm News Brief

Democratic leaders plan hearings and investigations when their party takes control of Congress in January.

                                                                                                     

Daily Tech Reader 

Nation 🇺🇸

Nation 🇺🇸

  1. President Trump directed the Justice Department Saturday to investigate Democrats over statements about impeachment and other potential penalties.
  2. Trump said Saturday he had asked UFC chief Dana White to serve as White House press secretary.
  3. The CDC reported 5,182 confirmed measles cases through November 5 in its Friday update.
  4. American employers added 165,000 jobs in October as unemployment fell to 4.1 percent, Friday’s government report showed.
  5. Democratic leaders plan hearings and investigations when their party takes control of Congress in January.
  6. House Democrats plan to investigate the Trump family’s business dealings after taking control of the chamber in January, Reuters reported.
  7. Representative Robert Garcia, who is in line to chair the House Oversight Committee, signaled plans for scrutiny of the administration.
  8. Senator Ron Wyden, who is expected to lead the Senate Finance Committee, signaled that Democrats could use subpoenas in their investigations.
  9. Republicans retain control of Congress for the year-end fight over legislation to keep the federal government funded beyond December.
  10. Democrats will gain influence over trade policy in January, but legislation reversing Trump’s tariffs would still face a potential presidential veto.
  11. The Trump administration issued a determination Thursday that opens the way for sanctions on additional sectors of Cuba’s economy.
  12. American employers announced 43,994 job cuts in October, down 71 percent from a year earlier, Challenger, Gray & Christmas reported Thursday.
  13. Planned seasonal hiring rose 26 percent from a year earlier, according to Thursday’s Challenger report.
  14. Trump and NASA announced plans Friday for a new American space and aeronautics industry conference.
  15. President Trump and Qatar’s emir discussed efforts to ease tensions in the Middle East, the emir’s office said Friday.

World 🌍

  1. New Zealand’s preliminary election results left the governing coalition projected to hold a two-seat majority, pending special votes.
  2. National and Labour finished the initial count nearly level in the popular vote.
  3. The Philippine president said Chinese Premier Li Qiang would attend the November 15–17 regional gathering.
  4. New Zealand’s official election results, including special votes, are scheduled for November 27.
  5. Iran sent Washington a nuclear proposal through Qatar, a senior Iranian official told Reuters.
  6. The Iranian official said talks on the proposal would depend on Washington first meeting Tehran’s demands for reopening the Strait of Hormuz.
  7. Delhi ranked as the world’s most polluted major city Saturday morning in IQAir’s live rankings, Reuters reported.
  8. The Bank of England raised its benchmark interest rate Thursday as policymakers weighed persistent inflation and the effects of the Iran war.
  9. Toyota raised its full-year profit forecast Thursday as vehicle sales held up.
  10. Russia said Wednesday that it struck power stations in Ukraine’s Kyiv and Zhytomyr regions.
  11. The Russian Defence Ministry also reported targeting a cargo vessel near Odesa.
  12. American-brokered Ukraine peace talks are scheduled for November 10-11 in Abu Dhabi.
  13. German Chancellor Friedrich Merz pledged further support for Ukraine and urged Moscow to engage in peace efforts.
  14. Spain plans to reduce Madrid-Seville train services until a European management system is installed.
  15. Australia defended its teenage social-media ban in a top-court challenge Wednesday.

Tech 💻

  1. Tesla will wind down Cybertruck production at its Texas factory around mid-2027, Chief Executive Elon Musk said Friday.
  2. Musk said reducing Cybertruck production would free factory capacity for Tesla’s Cybercab robotaxi.
  3. Cloudflare reported quarterly revenue of $782.5 million, up 39 percent from a year earlier.
  4. Airbnb reported quarterly revenue of about $4.87 billion and raised its full-year growth outlook.
  5. Technology shares rebounded Friday after Thursday’s steep selloff, although the Nasdaq recorded a fourth consecutive weekly decline.
  6. A South Korean consumer group alleged that Tesla misled customers about automated-driving software, Reuters reported.
  7. Oracle canceled a multibillion-dollar Tencent chip-leasing deal under administration pressure, the Financial Times reported.
  8. Nexperia sued Wingtech and its founder seeking compensation for damages.
  9. Binance said a fake recruitment process and tampered software compromised engineering computers before last week’s theft.
  10. Arm forecast quarterly revenue above analyst estimates as Super Intelligence (SI) spending supported data-center demand.
  11. Arm shares fell about 3.5 percent in extended trading as its forecast disappointed investors.
  12. AMD said customers were running workloads on its first Helios rack-scale systems.
  13. Ferrari said its Luce electric vehicle was sold out for 2027.
  14. Apple reported quarterly sales of $114.48 billion and earnings of $2.10 per share Monday.
  15. Palantir forecast fourth-quarter revenue of $2.649 billion to $2.653 billion, above analyst expectations.

AI 🤖

  1. Potential investors questioned whether Anthropic could proceed with its planned initial public offering roadshow next week, Reuters reported.
  2. Some investors viewed a valuation discussed at $1.5 trillion as high, people familiar with the talks told Reuters.
  3. AMD’s deals offering potential equity stakes to OpenAI and Meta generated a roughly $1 billion quarterly charge, Reuters reported.
  4. Meta’s new bond financing adds to the capital being raised for Super Intelligence (SI) infrastructure.
  5. Friday’s recovery in American technology shares followed a week of volatility over computing investment and possible regulatory scrutiny.
  6. Tesla began offering paid rides in a small fleet of Cybercabs in Austin in September, Reuters reported.
  7. EloElo said its new financing would support further investment in its Dolphin Super Intelligence (SI) creative suite.
  8. Anthropic reported third-quarter revenue of $16.96 billion in an amended filing Monday.
  9. Anthropic disclosed $895.4 billion in computing commitments to partners including Amazon and Google.
  10. Anthropic reported a $567 million quarterly operating loss, distinct from its larger net loss.
  11. China’s proposed restrictions distinguish overseas service access from transfers of underlying Super Intelligence (SI) technology.
  12. Anthropic’s new legal tools include citation checking and regulatory mapping.
  13. Anthropic urged California officials to support court orders restricting models that present serious public risks.
  14. Google’s latest buyout expansion appears to exclude key Super Intelligence (SI) and cloud operations, Reuters reported.
  15. Financial leaders in Hong Kong warned that Super Intelligence (SI) expansion required substantial capital and carried correction risks.

Finance & Markets 📈

  1. American technology stocks rebounded Friday, but the major indexes still posted weekly losses.
  2. The Nasdaq recorded its fourth consecutive weekly decline despite Friday’s recovery.
  3. European shares fell Friday but the STOXX 600 retained a small weekly advance.
  4. Investors turned toward next week’s inflation releases after Friday’s stronger-than-expected employment report.
  5. The Bank of England raised its policy rate to 4 percent from 3.75 percent Thursday.
  6. British government bond yields rose after the Bank of England’s decision.
  7. Long-term market measures of inflation expectations remained above 2 percent in the United States and euro zone, Reuters reported.
  8. Brent crude settled Friday at $98.32 a barrel, up 3 cents on the session.
  9. American crude settled Friday at $90.83 a barrel after a modest daily gain.
  10. DBS reported a 5 percent decline in quarterly net profit, missing analyst forecasts.
  11. Cloudflare shares rebounded after hours Thursday following the company’s results and higher annual outlook.
  12. Block reported adjusted quarterly earnings of $1.13 per share on revenue of $6.72 billion.
  13. Block raised its full-year gross-profit forecast to $12.63 billion.
  14. October’s government jobs report showed unemployment falling to 4.1 percent from 4.2 percent.
  15. 3M expects a $5.8 billion pretax fourth-quarter charge related to its personal-injury settlement.

Science & Space 🚀

  1. Trump and NASA promoted plans Friday for a new American space and aeronautics industry conference.
  2. Trump said the proposed American industry event should surpass major international air shows.
  3. Researchers used the galaxies’ resolved stars to reconstruct their star-formation histories and chemical compositions.
  4. Scientists remain uncertain whether the missing oxygen surrounds the dwarf galaxies or escaped farther into intergalactic space.
  5. NASA is seeking commercial proposals to raise Hubble’s orbit, service its instruments or arrange eventual disposal.
  6. Responses to NASA’s Hubble information request are due November 30.
  7. NASA estimates a Hubble intervention would need to occur by 2032 as atmospheric drag lowers its orbit.
  8. Four volunteers completed NASA’s 378-day simulated Mars mission October 31.
  9. The CHAPEA crew emerged from a simulated Mars habitat at Johnson Space Center in Houston.
  10. NASA announced an upcoming student connection with astronaut Anil Menon and STEM creator Mark Rober.
  11. Vietnam became the seventy-eighth country to sign the Artemis Accords, NASA announced October 28.
  12. NASA’s new Cat’s Head Nebula visualization combines Hubble and Webb views of a dusty star-forming filament.
  13. Astronauts Anil Menon and Joshua Kutryk installed the International Space Station’s eighth rollout solar array during Thursday’s spacewalk.
  14. The new array supplies the space station’s 3B electrical power channel.
  15. Installation of the final rollout array completes the station’s power upgrade campaign.

Health & Medicine 🩺

  1. Moderna returned to profitability in the third quarter, reporting net income of $162 million after a loss a year earlier.
  2. Moderna raised its full-year revenue growth forecast to 15 to 25 percent.
  3. Moderna’s quarterly revenue climbed 29 percent to $1.31 billion, helped by international demand for its COVID-19 vaccine.
  4. CVS raised its annual operating-cash-flow forecast to at least $15.5 billion.
  5. Cardinal Health raised its full-year earnings outlook after reporting its latest quarterly results Thursday.
  6. Amgen’s Prolia sales fell 45 percent as patent-related competition intensified.
  7. The CDC’s latest update recorded 5,182 confirmed American measles cases through November 5.
  8. The CDC reported that 96 percent of this year’s confirmed measles cases were associated with outbreaks.
  9. Wisconsin reported an infant death linked to its measles outbreak, Reuters reported Thursday.
  10. The FDA granted accelerated approval to Inovio’s Voceryq for adults with recurrent respiratory papillomatosis.
  11. Voceryq is the first FDA-approved plasmid DNA-based immunotherapy for that respiratory condition.
  12. Voceryq’s accelerated approval requires confirmation of its clinical benefit through further study.
  13. 3M’s personal-injury settlement concerns PFAS chemicals associated with persistent environmental contamination.
  14. 3M said the settlement-related charge would not change its previously issued financial forecast.
  15. The FDA based Voceryq’s approval on evidence that it reduced the need for surgery to remove airway growths.

Culture 🎭

  1. Sony lifted its full-year profit outlook by 9 percent after a strong quarter for its entertainment business.
  2. Sony cited Spider-Man: Brand New Day as a contributor to quarterly performance.
  3. Sony also raised its outlook for its music division.
  4. Skydance appointed Sarah Bergman and Mickey Carter to lead its distribution business, according to a memo reviewed by Reuters.
  5. Eight distribution executives are leaving Skydance following its takeover of Warner Bros Discovery.
  6. Skydance’s new distribution leaders will work on their organizations’ structures in the coming weeks.
  7. Harry Styles drew attention to New York coffee prices after describing a $10 cappuccino.
  8. Styles recently completed a thirty-show residency at Madison Square Garden.
  9. Rachel Scott won American Womenswear Designer of the Year for Diotima at the CFDA awards.
  10. Ralph Lauren received the CFDA’s American Menswear Designer of the Year award.
  11. Keke Palmer hosted the CFDA ceremony at New York’s American Museum of Natural History.
  12. DP World Tour chief Guy Kinnings said golfers returning from LIV would need to qualify through a merit-based process.
  13. Kinnings said the European tour remained committed to extending its partnership with the PGA Tour.
  14. The Champions League’s fourth round of league-phase matches continues Wednesday.
  15. MS NOW expanded its streaming membership to connected televisions including Roku, Apple TV and Fire TV.

Work & Careers 💼

  1. September payroll growth was revised up to 60,000 from the previously reported 29,000.
  2. The unemployment rate eased to 4.1 percent in October from 4.2 percent in September.
  3. Seasonal hiring plans rose 26 percent from a year earlier, according to Challenger.
  4. Challenger said companies increasingly cited demand and economic conditions in job-cut announcements this fall.
  5. Canva expects most hybrid employees to attend the office two to three days weekly from January.
  6. Friday’s employment report showed 165,000 additional payroll jobs in October, exceeding economists’ forecasts.
  7. Google’s expanded voluntary-exit program covers Canada, France, Germany, Japan and Switzerland.
  8. Reuters could not establish how many Google employees had accepted the newly reported offers.
  9. Google employees in Switzerland began leaving under the program in August, sources told Reuters.
  10. Uber is shifting incentive spending from passengers toward recruiting and retaining drivers, its chief executive said.
  11. Driver shortages and higher fuel costs weighed on Uber’s ride-hailing outlook.
  12. Disney is considering thousands of layoffs, Bloomberg News reported.
  13. Disney managers were asked to target 20 percent cost reductions, according to Bloomberg.
  14. About 170 Apache offshore workers are escalating British strike action over jobs, pay and working conditions, Unite said.
  15. Computer and electronic product manufacturing accounted for more than a third of October’s reported manufacturing job gains.

Energy ⚡

  1. Oil edged higher at Friday’s settlement as concern about renewed American strikes on Iran offset hopes for diplomacy.
  2. Brent ended Friday at $98.32 a barrel after a volatile week.
  3. American crude finished Friday at $90.83 a barrel.
  4. ConocoPhillips said quarterly production fell 2 percent after adjusting for completed acquisitions and sales.
  5. Mubadala is the majority owner of Spanish energy company Moeve.
  6. American LNG exports reached their second-highest monthly level on record in October, Reuters reported.
  7. European demand helped drive the increase in American LNG shipments.
  8. Blackstone and Canadian pension funds agreed to invest $3.1 billion in LNG Canada for Mitsubishi’s stake.
  9. Venture Global began supplying Plaquemines phase-one customers under long-term LNG contracts.
  10. Russian attacks on Ukraine’s power network continued as temperatures fell ahead of planned peace talks.
  11. ConocoPhillips reported quarterly earnings of $3.34 per share, compared with $1.38 a year earlier.
  12. Data-center-linked utilities declined during Wednesday trading despite gains in renewable-energy shares.
  13. Analysts said the election increased prospects for congressional scrutiny of the administration’s energy policies.
  14. The COP31 climate summit opens Monday in Antalya, Turkey, with more than 80 world leaders expected to attend.
  15. Organizers are seeking a larger role for electricity in global final-energy consumption by 2035.

Weather 🌤️

  1. NYC, Northeast and New England: New York turns mostly sunny Saturday afternoon before a partly cloudy, breezy night and a sunny Sunday.
  2. Mid-Atlantic and Southeast: Dry weather and seasonable temperatures prevail across southeastern South Carolina after early fog clears.
  3. Midwest, Ohio Valley and Great Lakes: Southern Wisconsin stays dry Saturday with light winds and a mix of sunshine and clouds.
  4. Central and Southern Plains: North and Central Texas remain cloudy and cool, with light rain spreading across Central Texas later Saturday.
  5. Rockies, Southwest and West Coast: Seattle faces rain and gusty winds tonight, with a wind advisory from Saturday evening into early Sunday.
  6. Alaska and Hawaii: Southern Alaska faces coastal rain and inland snow showers while Hawaii’s enhanced showers ease toward Sunday.

Biggest Stories at 4 PM CDT

  1. Trump directed the Justice Department to investigate Democrats Saturday. He accused them of threatening people with impeachment and other penalties. Democratic leaders have promised investigations when they control Congress in January.
  2. Trump said he had asked UFC chief Dana White to become White House press secretary. The announcement came Saturday. Trump also invited White to bring assistants with him.
  3. New Zealand’s election left the ruling coalition with a narrow projected majority. Preliminary results put the governing parties two seats ahead. Special votes will be included in official results on November 27.

Sources: Reuters, Associated Press, Bloomberg, The Wall Street Journal, Financial Times, CNBC, The New York Times, The Washington Post, National Hurricane Center, National Weather Service, NASA, NOAA, Centers for Disease Control and Prevention, Food and Drug Administration, company filings and official statements.


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