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Politics
Trump to stop in Alaska, other Senate battlegrounds ahead of midterms
White House chief of staff Susie Wiles briefed senators on the president’s campaign travel on Monday evening.
Trump plans for AI czar languish ahead of CEO meeting
it’s not clear that naming a czar and putting together a task force are on the White House AI priority list right now.
Trump plans for AI czar languish ahead of CEO meeting
it’s not clear that naming a czar and putting together a task force are on the White House AI priority list right now.
View / Solomon leaves Waldron with a clean slate
Dugongs won’t move the needle for US businesses in China
The World at a Glance
Updated 7:53am EDT
1
OpenAI scrapped its latest model release and Anthropic reportedly highlighted its technology’s existential risks, ratcheting up safety concerns ahead of a major White House meeting.
2Around 11 million US workers, about 7% of the country’s workforce, may need to change jobs within the next decade because of AI displacement.
3Beijing suggested it may soon unveil a stimulus package, as flagging domestic consumption continues to weigh on China’s economy.
4European energy ministers are due to meet today, as the continent struggles to replenish gas and diesel supplies ahead of winter.
5Oil flows out of the Middle East reached near 80% of prewar levels last week, as Tehran’s grip on export routes appeared to loosen.
6Washington cancelled the visas of more than two dozen Latin American officials, as the US boosts regional leaders it sees as allies.
More Republicans express confidence in the press, poll finds
But fewer Americans than ever believe the US media have a lot of freedom, according to new polling from Gallup.
Thoma Bravo finds the SaaSpocalypse hasn’t killed off all the deals
The private equity giant is selling a $1.5 billion stake in healthcare cybersecurity and software company Imprivata.
Democratic whip plans cross-country midterm sprint
House Minority Whip Katherine Clark will do a whirlwind tour of districts in California, Michigan, Ohio, New York, Florida, Massachusetts, Nebraska, and Pennsylvania.
Bipartisan AI safety talks stall out in Senate
At this point, it’s unclear whether senators will even be able to introduce a bipartisan bill before the election.
AI panic clouds more Washington meetings
But tech CEOs visiting DC this week are more likely to be fêted than reprimanded.
Nvidia adds $150 billion to its historic stock buyback
The record buyback is CEO Jensen Huang’s bet that he can fund huge swaths of the AI buildout while still rewarding his own shareholders.
Cruz wants Republicans to campaign on college sports bill
The GOP senator said he and Trump are leaning on the House to return and pass the measure before the midterms.
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Politics
White House taps Strategic Petroleum Reserve
The US will offer to loan energy producers up to 40 million barrels of oil.
Adrees Latif/Reuters
Trump, Johnson preview a new AI self-policing pact
The still-unreleased pact raises questions about enforcement.
Jonathan Ernst/Reuters
Trump to stop in Alaska, other Senate battlegrounds ahead of midterms
White House chief of staff Susie Wiles briefed senators on the president’s campaign travel on Monday evening.
Kevin Lamarque/Reuters
More Republicans express confidence in the press, poll finds
But fewer Americans than ever believe the US media have a lot of freedom, according to new polling from Gallup.
Democratic whip plans cross-country midterm sprint
House Minority Whip Katherine Clark will do a whirlwind tour of districts in California, Michigan, Ohio, New York, Florida, Massachusetts, Nebraska, and Pennsylvania.
Trump plans for AI czar languish ahead of CEO meeting
it’s not clear that naming a czar and putting together a task force are on the White House AI priority list right now.
Bipartisan AI safety talks stall out in Senate
At this point, it’s unclear whether senators will even be able to introduce a bipartisan bill before the election.
Ukraine and South Korea spar over secret POW deal
South Korea demanded an apology from Ukraine for “unilaterally and abruptly” revealing that Kyiv transferred North Korean prisoners-of-war — captured fighting for Russia — to Seoul.
Democrats prepare to spend in red districts
Democrats’ campaign arm is rolling out $11 million in ads across 35 districts.
Cruz wants Republicans to campaign on college sports bill
The GOP senator said he and Trump are leaning on the House to return and pass the measure before the midterms.
Oil prices rise as hope for a US-Iran truce fades
The Trump administration has reportedly been issuing ultimatums to Tehran’s trading partners, warning that continued commerce risked US sanctions.
Business
Anthropic’s IPO prospectus details steep losses, existential risks
The existence of Anthropic’s 401(k) benefits assumes a world where we’re all still here.
Carlos Barria/Reuters
Solomon leaves Waldron with a clean slate
There’s little drama here: Waldron has followed a step behind Solomon since the 1990s.
Oura delays IPO citing ‘uncertainty’
Indications that the smart ring’s shares were likely to price at the low end of the $40-to-$44 range delayed the plans, a person familiar with the matter said.
Trump antitrust chief Gail Slater plans a comeback
Slater brought a tough enforcement mindset to the early months of Trump’s second term.
Thoma Bravo finds the SaaSpocalypse hasn’t killed off all the deals
The private equity giant is selling a $1.5 billion stake in healthcare cybersecurity and software company Imprivata.
Technology
OpenAI unveils its Muse competitor: Dots
The consumer-facing agent tool integrates with Slack and Microsoft Teams and will eventually be available via texting.
OpenAI
Around 11 million US workers may face AI displacement
Voters globally have soured on AI because of existential risks the technology poses as well as concerns such as job losses and energy use.
Robert Galbraith/Reuters
AI leaders talk latest models, tech risks at Trump lunch
AI regulation will top the agenda when leaders from the two firms lunch with US President Donald Trump alongside the bosses of Meta and Nvidia.
Trump plans for AI czar languish ahead of CEO meeting
it’s not clear that naming a czar and putting together a task force are on the White House AI priority list right now.
SpaceX’s Starship enters orbit, deploys satellites in landmark launch
Starship is slated to replace SpaceX’s reusable workhorse, the Falcon 9, which has allowed the Elon Musk-owned company to achieve a lucrative near-monopoly on satellite launches.
Nvidia adds $150 billion to its historic stock buyback
The record buyback is CEO Jensen Huang’s bet that he can fund huge swaths of the AI buildout while still rewarding his own shareholders.
Energy
White House taps Strategic Petroleum Reserve
The US will offer to loan energy producers up to 40 million barrels of oil.
Adrees Latif/Reuters
Africa and Asia expected to drive a boom in refining capacity
The outlook found Africa and the Asia-Pacific region would account for 95% of total refining growth.
Siphiwe Sibeko/Reuters
Bond selloff deepens on oil fears
The US 10-year Treasury yield returned to highs not seen since 2007, as faltering US-Iran diplomacy rekindled fears of higher-for-longer oil prices.
Brendan McDermid/Reuters
Gulf
Manchester City’s guilty verdict mars UAE soft power
Fans of rival soccer clubs have framed the verdict as proof Manchester City — and by extension the UAE — bought its way to the top.
Scott Heppell/Reuters
MGX looks for data center assets in the Asia Pacific
The fund is an investor in the BlackRock-backed AI Infrastructure Partnership.
Saudi Aramco considers a gas spinoff
The plans are a sign of the pressure the company faces to raise cash for the government and draw foreign investment into the kingdom.
More IPOs won’t be enough to fix the Saudi market
Mazen Al-Sudairi is targeting liquidity and governance, but restoring trust in IPOs will be the harder test.
US-Iran talks continue as tensions rise
The US and Iran signaled a willingness to continue negotiating this week, even as the two sides appeared no closer to closing the stark gap between them.
China
Dugongs won’t move the needle for US businesses in China
The US-China trade deal is good for politics, not-so-good for business.
Maxim Shemetov/Reuters
Shein underwhelms in first post-IPO earnings
Geopolitical and economic headwinds have dented the Chinese fast-fashion giant’s already-battered business model.
Johanna Geron/Reuters
The US-China tectonic plates have shifted
In rolling out the red carpet for China’s Xi Jinping, US President Donald Trump underscored how rapidly the balance of power in the relationship has shifted.
Jonathan Ernst/Reuters
Africa
African innovators are reinventing their regulators
Many of the problems African startups come across and are trying to solve are institutional.
Njeri Mwangi/Reuters
Pretoria needs US reset, says minister
DA’s Dean Macpherson’s conciliatory tone exposes a rift with ANC coalition partner over how to handle Washington.
James Oatway/Reuters
Half of sub-Saharan Africa relies more on generators than grid
The analysis demonstrates how countries with less reliable energy infrastructure are particularly vulnerable to the effects of the Iran war.
South African miner’s $27B bet branded ‘opportunistic’
The deal between Gold Fields and Northern Star would have created the world’s second-largest gold producer.
East Africa’s refinery rivals take on Dangote
Aliko Dangote’s planned refinery on Kenya’s Lamu Island will likely have to rely on seaborne imports for crude supplies.
Kenya in ‘advanced’ talks with US on critical minerals deal: minister
Plans to increase local mineral processing are part of a drive to increase the contribution of mining to Kenya’s economy.
Security
Irish factory could face EU sanctions over ties to Russia
An Irish factory supplying alumina to Russia could face EU penalties in the bloc’s upcoming sanctions package.
Alexander Manzyuk/Reuters
UK foils suspected attack on air base used to strike Iran
British authorities held five men suspected of plotting an attack on a UK airfield, with investigators reportedly believing a motive tied to Tehran to be most likely.
Toby Shepheard/Reuters
Oil prices rise as hope for a US-Iran truce fades
The Trump administration has reportedly been issuing ultimatums to Tehran’s trading partners, warning that continued commerce risked US sanctions.
Majid Asgaripour/West Asia News Agency/Reuters
Media
Euractiv relaunches as ‘Rapporteur’ in Brussels
The newsroom, founded in 1999, has rebooted in recent years as a competitor to Politico Europe.
Rapporteur
Beverage brand Liquid Death will make others’ ads
Liquid Death is one of the purest marketing stories of the moment: a billion-dollar company that sells the ultimate commodity through edgy comedy.
Trump battles press as Xi heads to town
A judge is expected to hear arguments in a lawsuit brought by the three news outlets the president banned from the White House last week.
Inside the US Treasury secretary’s tense relationship with financial media
Scott Bessent’s blacklist starts with Bloomberg.
Fertile ground
Flagship’s lead writer Tom Chivers says goodbye after four years.
CEO Signal
How Harvard Business School’s former dean thinks AI will test today’s CEOs
Nitin Nohria sees the technology as a decentralizing force that will challenge company power structures.
How splitting from GSK taught Haleon a spin-off is not a finish line
Brian McNamara took his consumer health group through an independent listing, only to find that it needed fresh energy and new leaders.
Why Kai-Fu Lee thinks companies need an AI boss
Google’s former China chief says CEOs face a Darwinian choice if they want more than “AI theater.”
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