A government shutdown and FAA flight restrictions are causing widespread travel disruption, while President Trump's policies, including a probe into meat groups for price-fixing and cuts to clean energy tax credits, are generating significant economic and political debate.

• Trump orders probe into meat groups amid affordability backlash — Financial Times -
• Hundreds of US flights cancelled as airport restrictions take effect — Financial Times -
• In Cozying Up to Trump, Leaders Hedge Their Reliance on Moscow and Beijing — The New York Times Business -

• Trump under pressure on economy after Democratic election wins — Financial Times -
• FAA Flight Restrictions Are in Effect: Here’s What to Know — Wall Street Journal -
• Solar power producer Pine Gate blames Trump’s cuts in bankruptcy — Financial Times -
• Has Trump passed his peak? — Financial Times -
• Treasury Probes Contract Program Tied to About $9 Billion in Small-Business Deals — Wall Street Journal -
• UPS Releases Names of Crew Killed in Cargo Jet Crash — Wall Street Journal -
• The Fed’s Recent Rate Decisions Have Been Divisive. It Is Likely to Get Worse. — The New York Times Business -
• The Job Market Is Cooling but Not Collapsing, According to Private Data — The New York Times Business -
• What Travelers Need to Know About the Shutdown, Flight Reductions and Delays — The New York Times Business -
• What Travelers Need to Know About the Shutdown, Flight Reductions and Delays — The New York Times Business -
• Trump’s Tariffs Leave Swiss Farmers With Too Much Milk — The New York Times Business -
• Is Your Flight Canceled? Share Your Story. — The New York Times Business -
• Tourism in Washington, D.C., Suffers as Government Shutdown Drags On — The New York Times Business -
• Senate Democrats Want Fiserv to Detail Trump Official’s Tenure — Wall Street Journal -
• IAG Net Profit Falls on Weaker Demand for Europe-U.S. Flights — Wall Street Journal -
• Trump Administration Blocks Gunvor Takeover of Russian Oil Assets — Wall Street Journal -
• IAG says US market improving after summer air travel slowdown — Financial Times -
• Alternative data suggests US labour market is stabilising — Financial Times -
• Orban goes to Washington seeking oil deals with Trump — Financial Times -
• Numbers vs more judgment: the US-Europe regulatory divide widens — Financial Times -
• Orbán to seek approval from Trump to continue importing Russian oil — Financial Times -
• US stocks slide as tech jitters return — Financial Times -
• Three biggest US airlines to cancel hundreds of flights due to shutdown — Financial Times -
• Flight-Cancellation Plans Prompt Scramble Across Travel Industry — Wall Street Journal -
• Airlines Rush to Prepare for Federal Reductions in Flights — The New York Times Business -

Chancellor Reeves's **proposed £2bn Budget raid on UK retirement savings and potential income tax hikes are sparking political controversy, as UK house prices hit a record high** amid discussions on welfare and local democracy.

• Reeves plans £2bn Budget raid on UK retirement savings — Financial Times -
• The UK’s rich tap their social circles to borrow millions quickly — Financial Times -
• The politics of breaking manifesto promises — Financial Times -

• Income tax rise in manifesto’s ‘spirit’, say Labour figures — Financial Times -
• ‘We have to keep the City competitive,’ says first Lady Mayor — Financial Times -
• It’s time to stop passing the parcel on welfare — Financial Times -
• Political Fix: To tax, but who to tax, that is the question — Financial Times -
• Give children the financial education they need — Financial Times -
• To tax, but who to tax, that is the question — Financial Times -
• Tax raid on UK partnerships to be less aggressive than feared — Financial Times -
• Britain’s new ambassador to France: ‘You all play the game of influence’ — Financial Times -
• Why local democracy must not flag — Financial Times -
• UK house prices hit record high as October growth outstrips forecasts — Financial Times -
• EU demands UK pay into budget as part of relationship ‘reset’ — Financial Times -
• UK military top brass mix with defence executives at luxury Alpine event — Financial Times -
• In charts: the issues dividing Britain — Financial Times -

The AI sector faces soul-searching over its role in journalism, lawsuits blaming ChatGPT for harmful delusions, and a significant **$800bn AI stock sell-off, while the EU considers watering down its landmark AI act** due to industry pressure.

• Is A.I. a Journalist or Just a Newsroom Tool? — The New York Times Business -
• Tech stocks suffer worst week since April after $800bn AI sell-off — Financial Times -
• Lawsuits Blame ChatGPT for Suicides and Harmful Delusions — The New York Times Business -

• Snap crackles while Pinterest pops, but both are a solid bet on AI — Financial Times -
• Vigilante Lawyers Expose the Rising Tide of A.I. Slop in Court Filings — The New York Times Business -
• FirstFT: EU to water down AI law after pressure from US — Financial Times -
• Mass Layoffs Are Scary, but Probably Not a Sign of the A.I. Apocalypse — The New York Times Business -
• EU set to water down landmark AI act after Big Tech pressure — Financial Times -
• OpenAI CEO Says U.S. Shouldn’t Bail Out AI Companies — Wall Street Journal -
• Some Tesla Shareholders Want It to Invest in xAI. The Board Isn’t So Sure. — Wall Street Journal -

Japanese automakers warn of billions in tariff losses and Honda cuts guidance due to chip shortages, while China resumes some vital chip exports easing global crunch fears, highlighting ongoing volatility from trade policies impacting companies like Ford and IKEA.

• Opinion | Ford’s Electric Pickup Is an EV Casualty — Wall Street Journal -
• Auto & Transport Roundup: Market Talk — Wall Street Journal -
• Japanese Automakers Warn of Billions in Tariff Losses — The New York Times Business -

• China Resumes Some Chip Exports, Easing Fears of a Global Crunch — The New York Times Business -
• First Brands wins court approval for $1.1bn rescue loan to avoid liquidation — Financial Times -
• IKEA Profit Plunges 32% as Tariffs Take Bite — Wall Street Journal -
• Chips Held Hostage in Trade War Start Flowing Again to Auto Suppliers — Wall Street Journal -
• Honda Cuts Guidance on Slumping Car Sales, Nexperia Chip Shortage — Wall Street Journal -
• Nexperia chip exports from China have resumed, says car parts supplier — Financial Times -
• Daimler Truck’s Adjusted Earnings, Revenue Drop on Challenging North America Market — Wall Street Journal -
• First Brands’ messy day in bankruptcy court — Financial Times -
• How the Lowly Soybean Got Trapped in the Crossfire of the U.S.-China Trade Wars — Wall Street Journal -
• Wall Street lenders clash in Houston court over $1.1bn First Brands rescue — Financial Times -

**Elon Musk celebrates a $1tn Tesla pay vote victory despite questions over its ambitious conditions, while Sequoia's 'imperial' chief Roelof Botha was pushed out** by top lieutenants, signaling significant shifts in corporate leadership.

• Musk celebrates $1tn Tesla pay vote victory — Financial Times -
• Sequoia’s ‘imperial’ Roelof Botha pushed out by top lieutenants — Financial Times -
• The $1 Trillion Question Hanging Over Elon Musk’s Pay Package — The New York Times Business -

• The Hurdles Elon Musk Must Clear to Unlock $1 Trillion in Tesla Pay — Wall Street Journal -
• Tesla Shareholders Approve Elon Musk’s $1 Trillion Pay Package — Wall Street Journal -
• Elon Musk Wins $1 Trillion Tesla Pay Package — The New York Times Business -

China's grip on rare earths remains a global concern despite some export controls being suspended, as China's new aircraft carrier enters service and EU warns of substantial interest costs if no agreement is reached on Russian assets.

• How to curb China’s grip on rare earths — Financial Times -
• China’s most advanced aircraft carrier enters service in challenge to US — Financial Times -
• China Suspends Some Export Controls on Critical Minerals but Retains Others — The New York Times Business -

• What China’s clean energy push means for the developing world — Financial Times -
• EU must pay up to €5.6bn a year in interest if no agreement on Russian assets, Brussels warns — Financial Times -
• US presses Israel to let Hamas fighters leave Gaza tunnels — Financial Times -
• China’s Exports Unexpectedly Falter as Prices Keep Falling — The New York Times Business -
• Why American-style polarisation is spreading across the west — Financial Times -
• US backs Brazilian mine to help loosen China’s grip on rare earths — Financial Times -
• Is Bangladesh’s Gen Z revolution falling apart? — Financial Times -
• Rob Jetten: the Dutch liberal disrupter taking on the far right — Financial Times -
• China’s exports fall for first time since ‘liberation day’ trade tariffs — Financial Times -
• The book that China watchers count on — Financial Times -
• China’s Shift to Clean Energy Is Saving the Paris Climate Accord — Wall Street Journal -
• Kazakhstan to be first nation to join Abraham Accords since start of Gaza war — Financial Times -

Consumers are cutting spending, leading to Wendy's closing hundreds of stores and slowing holiday hiring expectations, even as new market entries emerge like Samsung's planned U.S. credit card and Affirm's expansion into card payments.

• The Bear Cup That’s Causing Brawls at Starbucks — Wall Street Journal -
• Samsung Wants to Launch a U.S. Credit Card and Challenge Apple in Consumer Finance — Wall Street Journal -
• Affirm Eyes Card Payments as Next Era of Buy Now, Pay Later — Wall Street Journal -

• Wendy’s to Close Hundreds of Stores as Consumers Cut Restaurant Spending — Wall Street Journal -
• Six Flags Mulling Park Sales After Revenue Drops — Wall Street Journal -
• Holiday hiring in US expected to fall as consumer spending slows — Financial Times -
• New Rules Aim to Broaden Appeal of H.S.A.s — The New York Times Business -
• Monster Beverage Sales Climb on Growing Demand for Energy Drinks — Wall Street Journal -

**Blake Lively claims $161 million in damages in a Hollywood feud, while Sony and CBS settle a dispute over 'Wheel of Fortune' and 'Jeopardy!' distribution, and Comcast's Sky is in talks to acquire ITV's broadcasting arm**, reshaping the entertainment landscape.

• Blake Lively Claims $161 Million in Damages From ‘It Ends With Us’ Fight — Wall Street Journal -
• Sony and CBS Settle ‘Wheel of Fortune’ and ‘Jeopardy!’ Fight — Wall Street Journal -
• Comcast’s Sky in Talks to Buy Broadcasting Arm of U.K.’s ITV — Wall Street Journal -

• Tech, Media & Telecom Roundup: Market Talk — Wall Street Journal -
• Why Everyone in Hollywood Wants Their Movie in IMAX — Wall Street Journal -
• News Corp Revenue Rises on Dow Jones, Digital Real Estate Results — Wall Street Journal -

Tech stocks slide amid jitters over AI valuations, KKR defies a private-equity fundraising slump, and concerns rise over non-bank lenders potentially retreating in a crisis, while the Fed faces pressure amid tight funding markets.

• Energy & Utilities Roundup: Market Talk — Wall Street Journal -
• KKR Defied Private-Equity Fundraising Slump in the Third Quarter — Wall Street Journal -
• Non-bank lenders may be fair-weather friends — Financial Times -

• Money too tight — Financial Times -
• The Astonishing Bull Market Will End One Day. Are You Ready? — The New York Times Business -
• Enbridge Quarterly Profit Slides — Wall Street Journal -
• Can I make more money working for myself? — Financial Times -
• Italy’s Monte dei Paschi Posts Profit Rise Ahead of Mediobanca Integration — Wall Street Journal -
• Pressure on the Fed — Financial Times -
• Macquarie profits hit by weak performance in linchpin commodities unit — Financial Times -
• COP makes me excited about emerging companies again — Financial Times -
• What economics gets wrong about human behaviour, with Richard Thaler — Financial Times -
• KKR doubles down on India investments — Financial Times -