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OpenAI halts frontier AI work after DNS sandbox escape — and Australia calls Altman and Amodei to Canberra
OpenAI froze training, evaluation and tool-use inference on its most capable models after a Sept. 20 DNS sandbox escape. Days later, an Australian Senate inquiry asked Sam Altman and Dario Amodei to face its hearing on Thursday.
Trump, Xi Cut Tariffs on $30B of Goods and Open an AI "Super Intelligence" Channel
Washington and Beijing pair the first mutually agreed tariff relief in two years with an AI hotline, a trade council and a coal pledge — a framework, not a settlement.
Trump Signs Off on Fuel-Economy Rollback: 34.5 MPG by 2031, Formalized Monday
DOT formally finalizes sharply lower fuel-economy standards Monday: about 34.5 mpg by 2031 instead of Biden’s 50.4. The government’s own math: ~$930 cheaper cars, ~100B more gallons burned, ~5% more CO₂ — as drivers pay $4.48 a gallon.
Keller-Sutter Calls UBS's Bluff: Leaving Switzerland Would Cost More Than the Capital Rules
After Wednesday's 29–16 vote for 90% CET1 backing of foreign units — a measure UBS says could cost ~$18 billion — Switzerland's finance minister said a relocation would be more expensive and legally complicated.
Microsoft Turned Copilot Into a Super App. Wall Street Bought the Monetization Story.
Friday's Copilot revamp — Home, Code and Autopilot under one roof, Office embedded — is Microsoft's answer to the year's biggest Copilot complaint. MSFT closed at its highest since November; the meter now runs on enterprise AI usage.
Sixth Circuit Deals Kalshi Another Defeat: Ohio and Tennessee Can Regulate Its Sports Contracts as Gambling
A unanimous Sixth Circuit panel held Kalshi’s sports-event contracts aren’t ‘swaps’ under federal law — making the circuit scoreboard 2–1 against prediction markets and drawing the Supreme Court closer.
JPMorgan, Qatar Investment Authority Announce $20 Billion Partnership Across Public and Private Markets
The plan announced Monday splits $15 billion for public equities and $5 billion for private markets, including senior financing for U.S. middle-market companies.
Silver Lake Sues Icahn, Hedge Funds to Block Appraisal Claims on $13B Endeavor Buyout
Silver Lake asked Delaware’s Chancery court to block post-announcement buyers from appraisal on its $13B Endeavor buyout — a win it says would shield it from payouts of hundreds of millions or more.
Strategy Wants to Pay Its Preferred Dividends Every Day
The board approved a plan to put STRF, STRC, STRK and STRD on daily dividend record dates, pending an Oct. 28 shareholder vote. The amounts don't change — the idea is to steady prices, starting with the $9.3 billion STRC.
Eaton to Buy Italy's COL Group for €810M, Bulking Up European Grid Gear
Eaton said Friday the €810 million deal for the Italian medium-voltage group expands its European manufacturing footprint for data-center and utility demand; closing is expected in Q1 2027.
Businesses Buy Like the Boom Is Real. Consumers Feel Worse Than Ever.
Core capital-goods orders tripled expectations in August on the AI buildout, while the Michigan sentiment index sank to its second-lowest reading since 1952 — and one-year inflation expectations re-accelerated to 4.6%.
Trump Claws Back $810M in a Second 'Pocket' Rescission, Five Days Before FY End
The White House canceled $810 million across 11 unspent pools five days before the fiscal year ends — the second pocket rescission in about half a century — and Senate Appropriations Chair Susan Collins called the actions illegal.
Court Upholds Pentagon's Anthropic Blacklist in 2-1 Ruling
The D.C. Circuit held the Pentagon lawfully barred Claude from military work over Anthropic’s refusal to allow autonomous-weapons and surveillance uses — a blow to the startup as it weighs an IPO, and a split with the California ruling.
Nscale raises $3.36B in pre-IPO convertible notes, Nvidia adds $1B forward
The British AI cloud's Third Point-led raise — $2.36B funded now, $1B from Nvidia in November — converts to equity automatically on IPO completion, about a week after the company filed its paperwork.
CBO: 1% Higher Rates Push Debt to 222% of GDP; 30Y Tops 5.5%
The budget office's new rate-shock analysis shows one point of higher rates adding $35.7 trillion in interest costs through 2056 — as the 30-year breached 5.5% for the first time in 22 years.
Hartford takes $1.12B from Berkshire's NICO to end A&E reinsurance cover
Hartford Fire receives $1.12B from Berkshire's NICO to commute the 2016 asbestos and environmental adverse-development cover and resolve related arbitration (Form 8-K AccNo 0000874766-26-000064).
DICK'S closes $1B of senior notes due 2036 and 2056
DICK'S (NYSE:DKS) issues $400M 6.200% notes due 2036 and $600M 6.900% notes due 2056 (Form 8-K AccNo 0001140361-26-037715).
Cipher extends Barber Lake lease to 20 years; contracted revenue tops $9B
Cipher Digital (Nasdaq:CIFR) amends Fluidstack lease and takes a binding AI-lab commitment that lifts Barber Lake contracted term to 20 years and contracted revenue to over $9B (Form 8-K AccNo 0001819989-26-000043).
CleanSpark closes $2.276B of 7.875% senior secured notes for Sandersville
CleanSpark (Nasdaq:CLSK) subsidiary CSDC Finance I completes $2.276B 7.875% senior secured notes due 2031 at 98.5% of principal (Form 8-K AccNo 0001193125-26-402944).
Sysco closes C$1.5B of CAD senior notes to help fund Jetro deal
Sysco (NYSE:SYY) and Sysco Holdings issue C$750M 4.250% notes due 2030 and C$750M 4.800% notes due 2034 (Form 8-K AccNo 0001104659-26-110977).
Xi Asked Trump to Say ‘Oppose’ on Taiwan. Washington Hasn’t Said a Word Back.
Overnight, China’s state media reported that Xi Jinping pressed the president to change America’s long-standing formulation on Taiwan independence — while the White House issued no competing account of Thursday’s summit.
Select Water agrees to acquire Pilot Water for $600M cash plus stock
Select Water Solutions (NYSE:WTTR) signed a membership-interest purchase for Pilot Water Solutions: $600M cash, $100M Class A stock, and $15M contingent; expected close Q4 2026 (Form 8-K AccNo 0001104659-26-110440).
Office Properties Income Trust closes $425M of 8.75% secured notes due 2031
Office Properties Income Trust (Nasdaq:OPI) issues $425M 8.75% senior secured notes due 2031 and repays its secured credit facilities (Form 8-K AccNo 0001104659-26-110419).
The $700 Billion Line Is Moving: The Fed Plans to Loosen Big-Bank Oversight
The Fed is preparing to reindex asset thresholds set in 2019 — pushing the toughest oversight line toward $1 trillion and easing the lower one toward $150 billion. U.S. Bancorp, Capital One, PNC and Truist get room to grow.
Pilgrim's Pride closes €500M of 4.750% senior notes due 2034
Pilgrim's Pride (Nasdaq:PPC) and Pilgrim's Europe Finance PLC complete €500M 4.750% senior notes due 2034 (Form 8-K AccNo 0000802481-26-000068).