6 am News Brief

Democrats won control of both chambers of Congress in Tuesday’s midterm elections, according to media projections.

                                                                                                     

Daily Tech Reader 

Nation 🇺🇸

Nation 🇺🇸

  1. Democrats won control of both chambers of Congress in Tuesday’s midterm elections, according to media projections.
  2. President Trump accepted the election outcome and said he was willing to cooperate with Democrats on immigration.
  3. Hakeem Jeffries is positioned to become the first Black House speaker when the new Congress convenes in January.
  4. Democrat Adam Hamilton became the first Democrat elected to the Senate from Kansas in ninety-four years.
  5. Maine Senator Susan Collins conceded to Democrat Troy Jackson.
  6. Former North Carolina governor Roy Cooper defeated Republican Michael Whatley for the state’s open Senate seat.
  7. Chris Pappas defeated John Sununu to keep New Hampshire’s open Senate seat in Democratic hands.
  8. Abdul El-Sayed won Michigan’s open Senate seat, becoming the first Muslim elected to the chamber.
  9. Trump acknowledged that the Iran war contributed to Republican losses.
  10. Jeffries faces a House speaker election in January rather than an automatic appointment following the Democratic victory.
  11. The Supreme Court rejected the administration’s emergency request in its California ballot dispute Monday.
  12. A federal judge ordered the administration to stop threatening California election officials with prosecution.
  13. James Talarico defeated Ken Paxton in Texas, ending Democrats’ thirty-two-year statewide losing streak.
  14. The CDC’s latest update recorded 4,852 confirmed measles cases through October 29.
  15. 3M committed nearly $7.35 billion over nine years to resolve PFAS-related personal-injury claims.

World 🌍

  1. North Korea fired multiple missiles toward waters off its east coast Wednesday, South Korea’s Defence Ministry said.
  2. Seoul said the missiles were launched from the Sondok area as South Korean and American officials analyzed the test.
  3. Kim Yo Jong ruled out dialogue with Washington unless it abandoned what she called its hostile policy.
  4. North Korea denied the FBI’s accusation that it was responsible for the Binance cryptocurrency theft.
  5. South Africans voted Wednesday in municipal elections amid dissatisfaction over public services, crime and corruption.
  6. Coalition governments were expected in major South African cities, with election results anticipated Sunday.
  7. A senior Iranian official said Tehran and Washington remained far apart on a deal to end their war.
  8. Qatar intensified mediation efforts to narrow differences between Iran and the United States.
  9. American officials described the Qeshm Island strikes as targeting surface-to-air missiles used against American assets.
  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. AMD reported record quarterly revenue of $13.38 billion Tuesday, up 45 percent from a year earlier.
  2. Meta announced a $15 billion five-part dollar bond offering to help finance its infrastructure expansion.
  3. Canva said a restructuring would affect 1,271 employees through job cuts, role changes and relocations.
  4. Google confirmed that it expanded voluntary exit offers to employees in five additional countries in June.
  5. Singapore Airlines said about 46,000 booking records may have been affected by a breach involving reservation provider Amadeus.
  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. Block raised its annual gross-profit outlook after reporting stronger-than-expected quarterly results.
  11. Skyworks forecast quarterly revenue and profit below analyst expectations amid smartphone-market weakness.
  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. AMD’s data-center revenue reached $8.5 billion, nearly doubling from a year earlier.
  2. AMD said Instinct graphics processors and EPYC server processors drove its data-center expansion.
  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. Investors reassessed possible Super Intelligence (SI) regulation after Democrats won control of Congress.
  6. Reuters reported concerns that Democratic gains in data-center states could complicate infrastructure development.
  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 stock-index futures recovered early Wednesday after an initial decline following the election results.
  2. At 0813 GMT, Dow futures rose 0.46 percent, S&P 500 futures gained 0.15 percent and Nasdaq futures added 0.26 percent.
  3. European shares rose Wednesday, with the STOXX 600 up 0.5 percent at 0816 GMT.
  4. European bank shares gained more than 2 percent as investors rotated toward domestic lenders.
  5. The dollar fell to a one-month low as investors bought government bonds and assessed divided government.
  6. The dollar index traded near 101.27 in early Wednesday currency dealings, Reuters reported.
  7. The yen and Swiss franc strengthened as investors sought safer assets.
  8. Brent crude rose to $104.36 a barrel at 0730 GMT after reversing earlier losses.
  9. American crude traded at $96.72 a barrel at 0730 GMT.
  10. Novo Nordisk shares gained after the company raised its annual sales and profit forecasts.
  11. AMD reported adjusted quarterly earnings of $2.09 per share and net income of $2.43 billion under standard accounting rules.
  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. Investors’ next major labor-market release is Friday’s October employment report.
  15. 3M expects a $5.8 billion pretax fourth-quarter charge related to its personal-injury settlement.

Science & Space 🚀

  1. NASA reported that Hubble observations of thirty-seven nearby dwarf galaxies revealed less oxygen than expected.
  2. The dwarf-galaxy study combined Hubble imagery with Spitzer observations and ground-based radio data.
  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. NASA and Starfish Space concluded that the SSPICY technology-demonstration satellite was unrecoverable after losing communications.
  14. The SSPICY spacecraft launched in October to demonstrate satellite-servicing technologies.
  15. International Space Station crews continued preparations Tuesday for another spacewalk to upgrade the station’s power system.

Health & Medicine 🩺

  1. Novo Nordisk raised its annual sales and profit forecasts after stronger-than-expected quarterly operating profit.
  2. Amgen reported quarterly revenue of $10.4 billion, an 8 percent increase from a year earlier.
  3. Amgen’s adjusted earnings rose to $6.45 per share, exceeding analyst expectations.
  4. Amgen’s Repatha sales increased 37 percent to $1.09 billion.
  5. Amgen’s Prolia sales fell 45 percent as patent-related competition intensified.
  6. Amgen raised its annual revenue outlook to $38.9 billion to $39.7 billion.
  7. The CDC’s latest measles update recorded 511 hospitalizations among this year’s reported cases.
  8. The CDC reported forty-three new measles outbreaks this year through October 29.
  9. The FDA granted accelerated approval to Inovio’s Voceryq for adults with recurrent respiratory papillomatosis.
  10. Voceryq is the first FDA-approved plasmid DNA-based immunotherapy for that respiratory condition.
  11. Voceryq’s accelerated approval requires confirmation of its clinical benefit through further study.
  12. 3M’s personal-injury settlement concerns PFAS chemicals associated with persistent environmental contamination.
  13. 3M said the settlement-related charge would not change its previously issued financial forecast.
  14. The FDA based Voceryq’s approval on evidence that it reduced the need for surgery to remove airway growths.
  15. Voceryq’s commonly reported adverse reactions include injection-site reactions, headache, fatigue, hypertension, nausea and dizziness.

Culture 🎭

  1. India’s EloElo Group announced an $80 million financing round for its microdrama business.
  2. NBCUniversal and MIT Investment Co were among the investors backing Story TV’s parent company.
  3. EloElo plans to use its new funding for original programming and international distribution.
  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. Canva’s restructuring affects about 22 percent of its workforce rather than representing that percentage entirely as layoffs.
  2. Canva is merging its product, growth and platform teams into one product organization.
  3. Canva plans to simplify management layers and consolidate overlapping roles.
  4. Sydney will become the main base for more Canva product teams, with some employees asked to relocate.
  5. Canva expects most hybrid employees to attend the office two to three days weekly from January.
  6. Canva plans to provide departing employees with grants for future ventures.
  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. UniCredit ended remote-working arrangements for its chief executive’s direct reports, unions said.
  11. UniCredit plans to extend the office-return requirement next year, according to unions citing a management letter.
  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. The Apache workers’ latest twenty-four-hour strike was scheduled to begin Wednesday morning.

Energy ⚡

  1. Oil rose Wednesday as traders assessed the election outcome and uncertainty surrounding the Iran war.
  2. An unexpected decline in American crude inventories provided additional support for oil prices, Reuters reported.
  3. Brent’s Tuesday settlement was its lowest in nearly four weeks before Wednesday’s rebound.
  4. Moeve agreed to sell its Algerian oil assets to Indonesia’s Pertamina.
  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. Clean-energy shares rose in Europe Wednesday after the Democratic election victory.
  12. Wind-turbine maker Vestas gained about 5 percent in early European trading.
  13. Orsted rose about 7 percent and Nordex gained about 4.7 percent.
  14. The COP31 climate conference is scheduled for November 9-20 in Antalya, Turkey.
  15. Organizers are seeking a larger role for electricity in global final-energy consumption by 2035.

Weather 🌤️

  1. NYC, Northeast and New England: Unseasonable warmth persists near New York through Thursday before a band of potentially heavy rain arrives Thursday night into Friday.
  2. Mid-Atlantic and Southeast: South Florida faces additional morning downpours, localized flooding, minor tidal flooding and dangerous Atlantic beach conditions Wednesday.
  3. Midwest, Ohio Valley and Great Lakes: Southern Wisconsin gets a relative break from rain Wednesday before showers become more likely again Wednesday night and Thursday.
  4. Central and Southern Plains: North Texas turns mostly dry Wednesday, with Dallas near 73 degrees and Corsicana near 71 degrees.
  5. Rockies, Southwest and West Coast: Western Washington starts dry before a front brings lowland rain Wednesday night, with a stronger system expected Friday.
  6. Alaska and Hawaii: Storms threaten southern Alaska with wind and heavy rain while breezy Hawaiian trade winds carry showers mainly onto windward slopes.

Biggest Stories at 6 AM CDT

  1. Democrats won control of both the House and Senate in Tuesday’s midterm elections. The new Congress convenes in January. Trump accepted the outcome and indicated willingness to cooperate on immigration.
  2. American stock-index futures recovered after an initial election-related selloff. European shares also rose in early trading. The dollar weakened as investors assessed the prospect of divided government.
  3. AMD reported record quarterly revenue of $13.38 billion as data-center demand expanded. Data-center sales reached $8.5 billion. The chipmaker said demand for its Instinct and EPYC products continued to strengthen.

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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