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.
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.
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.
energy Trump Says White House Still Weighing Diesel Export Ban Trump says the White House is still ‘very seriously’ weighing a diesel export ban as US diesel tops $6.50/gal ahead of the November midterms, keeping an overhang on refiners.
AI Florida AG Seeks Emergency Injunction to Halt ChatGPT Development Florida AG James Uthmeier has filed for a temporary injunction to halt OpenAI from developing new ChatGPT models without independent safeguards, and to bar minors in the state from the app.
Politics Trump Rule Cuts Federal Student Loans for Low-Earning Degrees The Trump administration finalized a rule cutting federal student loans for degree programs whose graduates don’t out-earn high school or bachelor’s holders. Social work, art, music, and for-profit programs are most exposed.
Geopolitics Trump open to Iran sanctions relief, frozen fund release for nuclear progress Trump is open to Iran sanctions relief and releasing frozen funds if Tehran shows concrete nuclear progress, per CNN. Talks continue through mediators, with crude and defense names in focus.
Markets Thanksgiving and Christmas Airfare Hits 10-Year High: Report Airfare for Thanksgiving and Christmas is hitting a 10-year high, per Hopper, with domestic round trips up 31% and 23% respectively as jet fuel prices soar and Spirit Airlines’ shutdown removes budget competition.
Macro Inflation Has Outpaced Wage Growth Again, Per WaPo The Washington Post reports inflation has outpaced wage growth for most of the past six months, with August wage gains at the slowest pace since the pandemic. The trade-down consumer trade is back in focus.
energy US Diesel Hits Record $6.529 in 11th Straight Weekly Rise US on-highway diesel hit a record $6.529 per gallon, the 11th straight weekly increase, up 74% year-over-year. Refiner margins are at records while freight and CPI take the hit.
Tech MongoDB CEO CJ Desai Exits for Meta’s New Enterprise Unit; MDB Craters MongoDB CEO CJ Desai resigned effective immediately to lead Meta’s new Enterprise Platform unit under Zuckerberg. MDB shares plunged as much as 23% on the news.
Politics Over a Third of Americans Can't Name All 3 Branches of Government A 2026 Annenberg civics survey found 35% of U.S. adults can't name all three branches of government, and only 9% can name all five First Amendment rights.
Macro Transportation Costs Keep Climbing, Diesel Up 77% YoY: WSJ The WSJ says U.S. transport costs keep rising, with trucking at pandemic-era highs and diesel up 77% year-over-year. It is a re-inflation risk the Fed cannot easily dismiss.
