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- Remember a few weeks ago when everyone was losing their marbles over bonds? They’re relatively safe again now that investors are freaking out over Democrats’ plans for AI regulation once they take control of Congress. One Goldman Sachs analyst achieved poetic heights with his assessment: “Our phones are exploding with asks for color.”
- Nasdaq futures rose as chip stocks gained ground a day after the tech rout sliced nearly $3 trillion off the market value for S&P 500 companies. If you find the words “advanced chip packaging” boring, take another look.
- What’s your risk from the froth and foam of the AI trade? Here’s our list of companies that are most exposed. Our Morning Bid podcast has more on the carnage, while our US economics editor Dan Burns joins Carmel Crimmins’ Econ World podcast to discuss the Democrats’ levers on AI and inflation.
- Imagine being the guy who invests 20% of his net worth into the Trump Media & Technology Group, only to watch it lose nearly 90% of its value. And he’s not the only one.
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- Democrats might have won big, but politics strategists tell my colleague Tim Reid that they should see this as more of a repudiation of Donald Trump than support for their agendas.
- Pete Hegseth said he would fight efforts in Congress to impeach him. Our sources say Trump still could drop the defense secretary despite praising his record.
- Our Fact Check team knocked down an online post that said the FBI found 20,000 fraudulent ballots cast for Democrats in Houston.
- Paraguay’s president resigned after the collapse of a digital lender triggered a political and financial crisis. Santiago Peña dropped out hours before lawmakers moved ahead with impeachment proceedings.
- Russell Brand’s conviction for sex crimes including rape is renewing scrutiny of the British entertainment industry’s culture of silence around celebrities accused of abusing their power.
- Hackers: They start them young in North Korea, then groom them into the kind of cadre that can pull off a $6.3 billion heist on crypto company Binance. Read our story by Brenda Goh and her reporters in our Seoul bureau.
- Apple has an undisclosed multilingual “gray list” of tens of thousands of words and phrases that it won’t autocomplete or swipe type. Beyond the ones you read about at the top of this newsletter, they include “United Ireland,” “white man” and “right wing conspiracy.”
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‘I am the victim – a Don Quixote fighting windmills’
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Ukrainian hotel owner Denys Katyukha lost his life’s work when Russia took control of tourist resorts along the Sea of Azov. He sued to get it back, but his fight played out in a Ukrainian civil court that Russia doesn’t recognize and culminated in a $5.1 million judgment that Russia likely will never pay. But he was determined to pursue justice, no matter how illusory.
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Dan Bolt/Handout via REUTERS
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Octopuses follow two strategies to squeeze through tiny holes, and scientists have mapped how they do it. While we lack the necessary hardware, there might be ways to apply these anatomical marvels to build robots designed to enter narrow spaces.
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