New York City financiers strategize against incoming Mayor Mamdani's liberal initiatives, while Trump dismisses recent election losses as Democrats celebrate a mood shift and Supreme Court justices eye Trump's tariffs critically, amidst concerns over government shutdown impacts on SNAP recipients and business unpredictability under Trump 2.0.

• New York City’s Financiers Consider How to Blunt Mamdani’s Most Liberal Initiatives — The New York Times Business -
• Trump tries to brush off election losses as Democrats hail mood shift — Financial Times -
• Key Justices Cast a Skeptical Eye on Trump’s Tariffs — The New York Times Business -

• Some SNAP Recipients May Not Receive Food Stamps in November Amid Government Shutdown — The New York Times Business -
• Trump Pledged to Refill National Oil Stockpiles ‘Right to the Top.’ He Is in No Rush. — Wall Street Journal -
• What Is the Nondelegation Doctrine? — The New York Times Business -
• A Supreme Court Veteran and a Newcomer Will Make the Case Against Trump’s Tariffs — The New York Times Business -
• Shutdown Becomes Longest in History, as Trump Officials Threaten Pain Could Worsen — The New York Times Business -
• Democrats’ electoral sweep deals blow to Trump — Financial Times -
• The Democrats find reasons for cheer — Financial Times -
• Was Mamdani’s Win a Referendum on Capitalism? — The New York Times Business -
• How can Zohran Mamdani change New York City? — Financial Times -
• Mamdani and the new challenge for nation states — Financial Times -
• Trump’s ‘retributive diplomacy’ hangs over UN climate summit in Brazil — Financial Times -
• FirstFT: Mamdani wins on ‘blowout’ night for Democrats — Financial Times -
• Mamdani wins cautious support from Wall Street after New York victory — Financial Times -
• A year of Donald Trump in charts — Financial Times -
• Businesses battle with loss of predictability under Trump 2.0 — Financial Times -
• Companies rethink investment strategy as US tariffs start to bite — Financial Times -
• Mamdani wins NYC as Democrats sweep key races in blow to Trump — Financial Times -
• Trump Renominates Jared Isaacman to Lead NASA — Wall Street Journal -
• Republicans Reprise Unfounded Claims of Widespread Election Interference — The New York Times Business -

Applebee's owner reports diners trading down due to economic anxiety, McDonald's boosts sales with cost-conscious deals, The New York Times sees profit jump from subscriber growth, and Toyota raises guidance despite tariff hits, with **Musk's $1 trillion bonus facing investor scrutiny and First Brands' founder accused of lavish spending**.

• Applebee’s Owner Sees Diners Trading Down as Economic Anxiety Grows — Wall Street Journal -
• Musk’s $1tn bonus tests investors’ willingness to live without him — Financial Times -
• US private sector employers added 42,000 jobs in October — Financial Times -

• US and European stocks recover after tech-driven sell-off — Financial Times -
• Air Canada Demand Rebounds From Strike as Premium, International Travel Surge — Wall Street Journal -
• McDonald’s Says Deals Are Delivering Sales — Wall Street Journal -
• McDonald’s bucks dining industry downturn with cost-conscious pitch — Financial Times -
• The Times’s Profit Jumps With 460,000 More Subscribers — The New York Times Business -
• New York Times Profit, Revenue Rise as Bundle Subscriptions Grow — Wall Street Journal -
• Citadel Securities and Fortress take stakes in Ripple at $40bn valuation — Financial Times -
• Unilever says Ben & Jerry’s chair no longer suitable for board role — Financial Times -
• Bunge Sales Surge, Backs Full-Year Adjusted Earnings Forecast — Wall Street Journal -
• Owens Corning Swings to a Loss Amid Weak Demand Trends — Wall Street Journal -
• Toyota Raises Sales, Earnings Guidance Despite Multibillion-Dollar Tariff Hit — Wall Street Journal -
• Burger King Braces for the Demise of the Penny — Wall Street Journal -
• HKEX Has Another Record Quarter on Strong Trading, Listing Activity — Wall Street Journal -
• Marks & Spencer Profits Plummet on Cyberattack — Wall Street Journal -
• Unilever’s Magnum Spinoff Sets Date for IPO After U.S. Shutdown Delay — Wall Street Journal -
• BMW Says Demand Building for New Class of Cars as China Issues Linger — Wall Street Journal -
• Blackstone’s alternative narratives — Financial Times -
• ‘A glorious mess’: First Brands creditors brace for Houston court clash — Financial Times -
• Bain Capital in Talks to Acquire Perpetual’s Wealth Management Unit — Wall Street Journal -
• Palantir’s Market Value Skyrocketed. See How Its Revenue Is Still Catching Up. — Wall Street Journal -
• Cava Cuts Outlook as Younger Customers Come Under Pressure — Wall Street Journal -
• First Brands Sues Founder, Accusing Him of Lavish Spending at Company’s Expense — Wall Street Journal -

Quantinuum unveils its latest quantum computer, Helios, signaling progress in the industry, while concerns rise over chatbots posing risks to democracy, AI's power demands lift equipment makers, and VW invests in AI chips to regain China sales, with Musk's focus on AI at xAI intertwining with Tesla's compensation debates.

• The Next Big Quantum Computer Has Arrived — Wall Street Journal -
• The future of work is still human — Financial Times -
• Motion Picture Trade Group Pans Instagram’s Use of ‘PG-13’ With Cease and Desist — Wall Street Journal -

• Chatbots pose a risk to democracy — Financial Times -
• AI’s Power Rush Lifts Smaller, Pricier Equipment Makers — Wall Street Journal -
• XPeng Gears Up to Launch Robotaxis Next Year — Wall Street Journal -
• VW starts developing AI chip in bid to claw back China sales — Financial Times -
• Deutsche explores hedges for data centre exposure as AI lending booms — Financial Times -
• Naver Posts Record Earnings on AI Push — Wall Street Journal -
• AI to power new fight against scam callers — Financial Times -
• Tesla Is Obsessed With Musk’s Pay Package. Musk Is Obsessed With AI. — Wall Street Journal -

The UK is urged by a US envoy to pay more for drugs to prevent pharma companies from leaving, Pfizer and Novo Nordisk engage in a corporate showdown over Metsera, Humana cuts its earnings outlook due to surging medical costs, and **Cencora plans a $1 billion investment in the US supply chain** to meet rising demand for refrigerated medications.

• UK must pay more for drugs or pharma companies will quit country, US envoy says — Financial Times -
• There is only one winner in the Pfizer Novo Nordisk showdown — Financial Times -
• Health Care Roundup: Market Talk — Wall Street Journal -

• Humana Cuts Earnings Outlook as Medical Costs Surge — Wall Street Journal -
• Drug Distributor Cencora to Invest $1 Billion in U.S. Supply Chain — Wall Street Journal -
• Siemens Healthineers Shares Slump After Tariffs Hit Profit — Wall Street Journal -
• Ozempic Maker Novo Nordisk Lowers Growth Outlook of Its Blockbuster Drugs — Wall Street Journal -
• ‘A Big Positive’: How One Company Plans to Profit From Medicaid Cuts — The New York Times Business -
• Children in UK could be screened for lead poisoning — Financial Times -
• Malaysia’s Sunway Healthcare to Begin Pre-Deal Investor Talks for $1 Billion IPO — Wall Street Journal -

Trade tensions have automakers scrambling for chips as European vulnerabilities are exposed, France moves to block Shein's website over a sex doll scandal, and the EU pushes to cut cross-border train travel times, while Carmakers warn a UK crackdown on the Motability scheme will hit sales and China's chokehold on drugs and chips raises US concerns.

• How Trade Tensions Sent Automakers Scrambling for Chips — The New York Times Business -
• France Moves to Block the Shein Website Over a Sex Doll Scandal — The New York Times Business -
• France to Suspend Shein Sales After Finding Childlike Sex Dolls, Weapons — Wall Street Journal -

• France says it will ban Shein in row over sex dolls and weapons — Financial Times -
• Carmakers warn UK crackdown on Motability scheme will hit sales — Financial Times -
• EU pushes to cut time of cross-border train trips by up to 8 hours — Financial Times -
• EU countries weaken 2040 climate plan in eleventh-hour deal — Financial Times -
• How China’s Chokehold on Drugs, Chips and More Threatens the U.S. — Wall Street Journal -

UK police hunt two men accidentally released from prison, Chancellor Reeves eyes cuts to household energy bills, the UK transport secretary declares full railway electrification unaffordable for now, and a regulator warns nine water companies over their finances, while Openreach threatens to scrap its fibre target due to disputes.

• UK police hunt two men accidentally released from same prison — Financial Times -
• Reeves looks at cutting household energy bills by up to £200 per year — Financial Times -
• UK transport secretary says full electrification of railways ‘not affordable right now’ — Financial Times -

• UK regulator warns 9 water companies over finances — Financial Times -
• Openreach boss threatens to scrap UK fibre target in dispute with regulator — Financial Times -
• UK services activity ticks higher in October amid resilient demand — Financial Times -
• Farage’s army of councillors balance piracy and professionalism — Financial Times -
• Britain’s ‘fit note’ system faces shake-up to get more people back to work — Financial Times -
• Bond markets are winning the Budget stand-off — Financial Times -
• How wealthy is ‘wealthy’, exactly? — Financial Times -
• Can my children who board at a UK school stay with us when we visit? — Financial Times -
• Reeves to urge insurance bosses to increase investment in London — Financial Times -

US crude oil stockpiles post a large increase, AI's power demand is boosting smaller equipment makers, Vestas Wind Systems sees shares rise on strong results, and Orsted swings to a loss following a US stop-work order but remains upbeat, as China's green bond market outpaces global peers.

• U.S. Crude Oil Stockpiles Post Large Increase — Wall Street Journal -
• AI’s Power Rush Lifts Smaller, Pricier Equipment Makers — Wall Street Journal -
• Vestas Wind Systems Shares Rise on Better-Than-Expected Results, Surprise Buyback — Wall Street Journal -

• Orsted Swings to Loss Following U.S. Stop-Work Order, But Stays Upbeat for Full Year — Wall Street Journal -
• China’s green bond market races ahead of global peers — Financial Times -

Starbucks baristas authorize a strike as contract talks remain stalled, and Air Canada's demand rebounds from a recent strike as premium and international travel surge.

• Starbucks Baristas Authorize Strike as Contract Talks Remain Stalled — Wall Street Journal -
• Air Canada Demand Rebounds From Strike as Premium, International Travel Surge — Wall Street Journal -

Erdogan hints at a new juncture in the Kurdish peace process, Gerhard Schröder refuses to be Germany's scapegoat for Nord Stream 2, Venezuela intensifies its crackdown amidst Trump's threats of land strikes, and Brussels and Liège airports close due to drone sightings, while Moldova warns the EU not to move goalposts on membership.

• Erdoğan says Turkey has entered ‘new juncture’ in Kurdish peace process — Financial Times -
• Gerhard Schröder refuses to be Germany’s scapegoat — Financial Times -
• Venezuela intensifies crackdown as Trump threatens land strikes — Financial Times -

• Brussels and Liège airports close after drone sightings — Financial Times -
• Moldova warns Brussels not to ‘move goalposts’ on EU membership — Financial Times -
• NASA Gets Moon Lander Plan B’s From SpaceX and Blue Origin — The New York Times Business -
• Iran must ‘seriously improve’ nuclear co-operation, watchdog says — Financial Times -
• Will higher defence spending boost the European economy? — Financial Times -
• Russia adds jet engines to Soviet-era ‘dumb bombs’ — Financial Times -
• Japan comes to terms with new US relationship — Financial Times -
• Modi’s BJP heads into tough election in India’s poorest state — Financial Times -
• EU leaders to skip summit in Colombia after Trump sanctions — Financial Times -

Six deaths are linked to a listeria outbreak from contaminated pasta, a UPS cargo plane crash in Kentucky leaves at least nine dead, eighteen are arrested in connection with a global online fraud network, and a billionaire attempts to save college football from itself amidst funding controversies.

• Six Dead in Listeria Outbreak Linked to Pasta — The New York Times Business -
• Meet the Billionaire Trying to Save College Football From Itself — The New York Times Business -
• UPS Cargo Plane Crash in Kentucky Leaves at Least Nine Dead — Wall Street Journal -

• Eighteen arrested in connection with alleged global online fraud network — Financial Times -
• Trader Jeff Yass Is Giving $100 Million to ‘Anti-Woke’ University of Austin — Wall Street Journal -
• The downsizers picking Park Avenue over Palm Beach — Financial Times -
• Why is everyone dressing for the end of the world? — Financial Times -
• New York City has a seaside village: eating and drinking in Red Hook, Brooklyn — Financial Times -