President Trump's administration faces legal challenges over troop deployment and **defends a controversial $1 coin, while implementing new tariffs on truck imports and seeing shutdown cuts affect GOP districts, with concerns over vaccine lawsuits and threats against non-profits also making headlines, alongside new IRS leadership appointments and a call for expanded deposit insurance**.

• Donald Trump threatens to invoke the Insurrection Act to deploy troops — Financial Times -
• Kennedy’s Ties to Ally Leading Vaccine Lawsuits Raise Ethical Concerns — The New York Times Business -
• Treasury Defends Minting a $1 Trump Coin Despite 1866 Law — The New York Times Business -

• Trump Aimed Shutdown Cuts at Democrats, but G.O.P. Districts Are Hit, Too — The New York Times Business -
• Trump says US truck imports to face 25% tariff from November 1 — Financial Times -
• US Treasury names Frank Bisignano as chief of IRS — Financial Times -
• Bessent Taps Social Security Chief to Serve as C.E.O. of I.R.S. — The New York Times Business -
• Healthcare, inflation and the government shutdown — Financial Times -
• Don’t expect a farmers’ revolt to moderate Trump’s tariff campaign — Financial Times -
• Shrimp caught in tariff net as US buyers are forced to shell out more — Financial Times -
• Aston Martin issues profit warning citing US tariff impact — Financial Times -
• Judge blocks Trump order to send National Guard troops to Oregon — Financial Times -
• Making do without public data — Financial Times -
• America’s economy needs expanded deposit insurance — Financial Times -
• ‘Enormous fear’: Trump’s threats against Soros chill US non-profits — Financial Times -

The AI arms race heats up with OpenAI striking major chip deals with AMD and Nvidia to build its infrastructure, while Elon Musk makes significant investments in AI data centers, and discussions arise around the societal impact of tech platforms and Europe's reliance on private space ventures, alongside global tech firms seeking to benefit from US visa clampdowns.

• Opinion | The AI Arms Race Gets Even Hotter — Wall Street Journal -
• Can Cory Doctorow’s Book ‘Enshittification’ Change the Tech Debate? — The New York Times Business -
• Coming soon from Tech Tonic: Mission to Mars — Financial Times -

• Sam Altman has a new project: building AI Inc — Financial Times -
• Coming soon from Tech Tonic: Mission to Mars — Financial Times -
• OpenAI targets 10% AMD stake via multibillion-dollar chip deal — Financial Times -
• OpenAI’s Team of Rivals Now Includes AMD and Nvidia — The New York Times Business -
• Europe cannot rely on Elon Musk’s SpaceX, top investor warns — Financial Times -
• America is now one big bet on AI — Financial Times -
• ‘We were getting second league picks’: global tech firms seek to benefit from US visa clampdown — Financial Times -
• Elon Musk Gambles Billions in Memphis to Catch Up on AI — Wall Street Journal -

Major corporate moves include **Qualtrics acquiring health-tech company Press Ganey for $6.7 billion and Paramount purchasing Bari Weiss's Free Press while appointing her to lead CBS News, alongside Verizon naming a new CEO and EY narrowing its US leadership race, with JPMorgan also making leadership changes and Carlyle nearing a €7 billion deal for a BASF unit**.

• Qualtrics to buy health-tech company Press Ganey for $6.7bn — Financial Times -
• Paramount Buys Bari Weiss’s Free Press, Starting a New Era at CBS News — The New York Times Business -
• US regional bank Fifth Third strikes $11bn deal to buy Comerica — Financial Times -

• How Bari Weiss of The Free Press Won the Top Job at CBS News — The New York Times Business -
• EY narrows US leadership race to three candidates — Financial Times -
• Paramount Buys Bari Weiss’s the Free Press for $150 Million — Wall Street Journal -
• Verizon Bets on PayPal’s Former Chief to Lead Its Next Chapter — The New York Times Business -
• Verizon Names Lead Director Daniel Schulman as Chief Executive — Wall Street Journal -
• Bari Weiss’s Journey From New York Times Resignation to Top TV News Gig — Wall Street Journal -
• JPMorgan replaces European banking boss who was doing job from New York — Financial Times -
• Verizon appoints former PayPal boss Dan Schulman as new chief — Financial Times -
• Bari Weiss becomes CBS News editor-in-chief as Paramount buys her start-up — Financial Times -
• Carlyle nears €7bn deal for BASF unit — Financial Times -
• ‘Call Her Daddy’ Podcaster Alex Cooper Opens an Unwell Ad Agency — Wall Street Journal -
• Take Two: Why Big Companies Are Naming Co-C.E.O.s — The New York Times Business -

Political turmoil in France continues with another prime minister's resignation, while Japan's new leader triggers volatile market reactions, gold prices near record highs amid global unease, and international trade disputes like the EU backing Italy in a pasta tariff war and China rerouting clothes exports to Europe remain prominent, alongside Turkey's Halkbank facing criminal charges and concerns about global economy shocks.

• France in fresh political and market turmoil after prime minister resigns — Financial Times -
• Japan’s New Leader Gets a Volatile Greeting From Markets — The New York Times Business -
• Gold Price Nears $4,000 an Ounce, a Sign of Turmoil and Unease — The New York Times Business -

• Fears of Economic Turmoil Deepen in France as Another Prime Minister Quits — The New York Times Business -
• Turkey’s Halkbank faces criminal charges after US Supreme Court rejects appeal — Financial Times -
• Can Macron stop France’s political unravelling? — Financial Times -
• Submit your questions: Can the global economy withstand new shocks? — Financial Times -
• The damaging twilight of the Macron presidency — Financial Times -
• The dangers of war in the grey zone — Financial Times -
• Japanese stocks soar and yen tumbles after Takaichi wins ruling party leadership — Financial Times -
• EU backs Italy in Trump’s pasta tariff war — Financial Times -
• Bangladesh’s exiled opposition leader plots return for election — Financial Times -
• Ukraine asks for flexibility in spending €140bn Russian asset loan — Financial Times -
• China reroutes clothes exports to Europe after US tariffs upset trade — Financial Times -
• Kremlin-backed crypto coin moves $6bn despite US sanctions — Financial Times -
• Will Japan’s next PM revive Abenomics? — Financial Times -
• China’s charm offensive in India’s backyard — Financial Times -

A devastating fire at a key Ford supplier is set to disrupt the auto industry for months, US warehouse vacancies stabilize, Walmart explores new real estate ventures by purchasing a mall, craft breweries face declining sales, and Costco enters the weight-loss drug market, while private credit markets face skepticism and copper supply issues emerge due to tariffs.

• A Devastating Fire at a Major Ford Supplier Will Disrupt Business for Months — Wall Street Journal -
• U.S. Warehouse Vacancies Steady as Demand Rises With Less New Space — Wall Street Journal -
• Why Did Walmart Just Buy a Shopping Mall? — The New York Times Business -

• Private credit scepticism leaves rainmakers feeling blue — Financial Times -
• Jefferies earned undisclosed fees on First Brands ‘side letter’ financing — Financial Times -
• Craft Breweries Struggle as Sales and Appetites Wane — The New York Times Business -
• Costco to Sell Ozempic and Wegovy, Weight-Loss Wonder Drugs — The New York Times Business -
• Asahi restarts Super Dry factories as brewer races to avoid beer shortages — Financial Times -
• Bain Capital says buyout firms must be more cautious as growth slows — Financial Times -
• Tariffs Are Making Copper Harder to Get. Recycling It Could be a Quick Fix. — Wall Street Journal -
• Risk Management: Property — Financial Times -
• Fire risk rises up the agenda for owners and tenants — Financial Times -
• Office owners contend with falling demand and rising costs — Financial Times -

The Supreme Court rejects Google's bid to block app store changes, a multibillion-pound diesel lawsuit in London faces disruption due to lawyer revolt, and EU watchdogs prepare to expand oversight of crypto exchanges, while UK lenders contest a multibillion car loan redress estimate.

• Supreme Court, for Now, Rejects Google Bid to Block Changes to App Store — The New York Times Business -
• Lawyer revolt disrupts multibillion-pound diesel lawsuit in London — Financial Times -
• EU watchdog prepares to expand oversight of crypto and exchanges — Financial Times -

• FCA’s multibillion car loan redress estimate is too high, say lenders — Financial Times -

The UK government seeks more company listings, the steel industry warns of a crisis due to new EU tariffs, the Tory conference reflects recent electoral challenges, and there are proposals to scrap business rates for high-street shops, with calls for more train drivers to address shortages and lessons from Sweden's stock market success.

• Reeves steps up efforts to secure more company listings for the UK — Financial Times -
• UK steel industry warns of ‘biggest crisis’ due to new EU tariffs — Financial Times -
• ‘Sparse’: Reality of election defeat hits home at Tory conference — Financial Times -

• Tories promise to scrap business rates for most high-street shops and pubs in England — Financial Times -
• What Sweden can teach the world about stock market success — Financial Times -
• Europe’s greatest asset is Europe — let’s use it — Financial Times -
• UK train operators need more drivers to beat shortages, rail minister warns — Financial Times -

**Major UK brands like Marks & Spencer and Jaguar Land Rover experience disruptive hacks, while Asahi restarts its Super Dry factories following a ransomware attack**, highlighting pervasive digital threats and the importance of operational resilience for businesses.

• Hacks at Marks & Spencer, Jaguar Land Rover and Co-op Disrupt UK Daily Life — The New York Times Business -
• Asahi restarts Super Dry factories as brewer races to avoid beer shortages — Financial Times -

High-net-worth individuals are embracing **private concierge services costing over $50,000 annually, and glamorous tree house hotels are emerging as a unique travel accommodation trend**, catering to a desire for exclusive experiences.

• Your Wealthiest Friend Has a Private Concierge — The New York Times Business -
• 6 Tree House Hotels That Offer Glamour With a Rustic Vibe — The New York Times Business -