AI

AI Billing Tools Added $942M to Healthcare Costs, BCBSA Says

BCBSA says hospital AI billing tools added $942M in costs for Blue Cross plans from 2023 to 2025, with no matching rise in patient treatment. Insurers and hospital operators are both in the crosshairs.

AI

Anthropic Targets $2 Trillion IPO Valuation, Would Top SpaceX Record

Anthropic is targeting a $2 trillion IPO valuation per its prospectus, more than double its May mark, after 12x revenue growth and a $42B net loss in 2025.

Politics

Democrats Vow Trump Family Business Probes if They Win Congress

Democrats plan to subpoena Trump family business deals, ballroom donors, and crypto ventures if they win the House or Senate in November, per Reuters. Probes could begin as early as February.

Politics

Jack Smith: Proof “Beyond Reasonable Doubt” Trump Committed Serious Crimes

Former special counsel Jack Smith told the Senate Judiciary Committee his investigation found proof beyond a reasonable doubt that Trump engaged in serious crimes, reigniting a political fight traders should track.

AI

Sam Altman unveils GPT-6.1 Sol at OpenAI DevDay

OpenAI’s Sam Altman unveiled GPT-6.1 Sol at DevDay, pitching near-flagship performance at one-fifth the token price of GPT-6 Astra, plus a new Ultrafast tier and Dot agent.

Markets

Treasury to Auto-Enroll 60M Kids in Trump Accounts Starting Oct. 1

Treasury will auto-enroll more than 60 million children in Trump Accounts as early as Oct. 1, potentially pushing total enrollment to 70 million. Robinhood and BNY Mellon administer the program.

Macro

Commerce Secretary Howard Lutnick reports more than $250 million in income last year

Running the Commerce Department pays $250,600 a year. Howard Lutnick's Wall Street exit paid a bit more. The Commerce Secretary reported more than $250 million in income last year, according to his annual financial disclosure obtained by CNBC and the Wall Street Journal — making him one of

Politics

Lindsay Clancy Defense Argues No Evidence She Killed Her 3 Children

Lindsay Clancy's attorney Kevin Reddington argued at a Plymouth hearing that prosecutors lack evidence she killed her three children, a shift from the mistrial defense that centered on postpartum psychosis.

Markets

BREAKING: Meta, $META, took a $355 million tax break on Mark Zuckerberg’s $4 billion compensation by classifying him as a researcher, per the NYT

Meta's founder did research. At least, that's what the tax filings say. Meta classified Mark Zuckerberg as a "researcher" to claim a $355 million research tax break on his roughly $4 billion in compensation, according to the New York Times. The IRS is now

Markets

BREAKING: Senate Democrats block bill to limit lawmakers' stock trades

Congress's favorite loophole survives another day. Senate Democrats on Wednesday blocked the Stop Insider Trading Act, a bill to restrict lawmakers' stock trading, in a 53-47 party-line vote. Sixty votes were needed to advance it. Why it failed Democrats said the bill didn't

AI

"McDonald's is using AI to price your Big Mac," per YF

Your Big Mac's price isn't set by your local franchisee. An algorithm is. McDonald's has deployed an AI pricing engine across its nearly 14,000 US restaurants and select overseas markets, according to a Reuters investigation published September 29. The system uses machine learning

Markets

The Transportation Security Administration says it's taking away chairs at airport checkpoints nationwide and that TSA officers who check passengers' IDs must stand, per ABC

The next time you hand over your ID at the airport, the officer checking it will be on their feet. The Transportation Security Administration confirmed Tuesday that it is removing all chairs from travel document checker podiums at checkpoints nationwide. Officers in that role must now stand while checking IDs

Macro

Middle East crude exports have recovered to 98% of prewar levels, per JPMorgan

Eight months into the US-Israel-Iran war, the oil market's worst fears are fading. Middle East crude exports have recovered to 98% of prewar levels, according to a September 29 JPMorgan note from Natasha Kaneva. A 10-day average of 17.5 million barrels a day is

Geopolitics

Israel-bound flight drops 17,000 feet after pilot reportedly stabbed by co-pilot, in what Israeli sources suspect was a hijacking attempt, per CNN

A Dubai-to-Tel Aviv flight turned into a mid-air battle on Wednesday. About two and a half hours into Flydubai Flight 1073, the co-pilot — reported by CNN to be an Omani national — allegedly stabbed the pilot and tried to seize control of the Boeing 737 MAX 8.

Markets

Jamie Dimon of JPMorgan, has said his principles are: Treat people fairly, work hard, earn your respect every day, be curious, learn a lot, have a little heart, have a little grit.

Jamie Dimon runs America's biggest bank. He also has a short list of rules he lives by. The JPMorgan CEO laid out his personal principles at a LinkedIn event with AT&T CEO John Stankey, moderated by Daniel Roth. The list: * Treat people fairly * Work hard * Earn

Markets

Couples with different last names divorce at roughly a 50% higher rate than those who share a surname, per the Institute for Family Studies.

What's in a name? According to a new analysis, possibly your marriage. Couples with different last names divorce at roughly a 50% higher rate than those who share a surname, according to the Institute for Family Studies. And when they do split, it happens about 30% earlier — around

AI

Bill Gates has said that AI will be designed ‘by and for the richest’ without regulation

Bill Gates is putting real money behind his latest warning about artificial intelligence. The Gates Foundation has pledged $1 billion over the next two years to expand AI access across developing nations, an announcement made alongside the foundation's annual Goalkeepers report. The goal is to make sure AI

Politics

Supreme Court Lets Trump Restart Third-Country Migrant Deportations

The Supreme Court let the Trump administration restart rapid third-country migrant deportations, staying a lower court ruling. Oral arguments are set for December, with a final decision expected by summer 2027.

Real Estate

NYC ordered to scrap Mamdani’s pied-à-terre tax rollout

A Staten Island judge ordered NYC to scrap the rollout of Mayor Mamdani’s pied-à-terre tax on luxury second homes, invalidating 17,000 notices and forcing the city to redo its property roll.

Macro

Globe and Mail: Interest rates could keep rising for decades

The Globe and Mail argues higher interest rates could be the norm for decades. U.S. 10-year yields recently broke 5.2% and 30-year mortgages sit above 7%.

Politics

Trump Approval Hits 37% in WSJ Poll, Lowest Pre-Midterm Since 1990

Trump’s approval rating dropped to 37% in a new WSJ poll, the lowest for any president heading into a midterm election in the paper’s surveys dating back to 1990.

AI

Michael Burry: AI Bubble ‘May Burst’ Sooner Than He First Believed

Michael Burry moved his AI bubble timeline forward, swapping outright shorts for near-dated puts on Micron, Nebius, Palantir, Nvidia, and the SOXX ETF, citing an Ares Management report on unsustainable AI capex.

Politics

Pentagon breach exposes data on nearly 3 million military personnel

A Pentagon DMDC breach exposed Social Security numbers and job details on nearly 3 million military and civilian personnel, with unauthorized access stretching from October 2025 to July 2026.

Markets

WSJ: Supply Chain Costs Surging, Businesses Passing Pain to Consumers

The WSJ says supply chain, tariff, and freight costs keep climbing and businesses can no longer absorb them. Retailers are passing the pain to U.S. consumers.

Geopolitics

Iran Cruise Missile Injured 8 US Marines in Strait of Hormuz: NBC

Eight US Marines were injured Sept. 14 when an Iranian cruise missile struck their vessel in the Strait of Hormuz, per NBC. The Pentagon never disclosed the attack.