President Trump's administration is making headlines for calling an inquiry into high beef prices and appealing a Supreme Court order on SNAP benefits, while simultaneously granting tax breaks to the wealthy and exempting Hungary from Russia oil sanctions; meanwhile, his MAGA coalition faces internal fractures, and corporate America defies his trade war warnings by posting strong earnings, reflecting a complex interplay of domestic policy, international relations, and political dynamics.

• As Beef Prices Remain High, Trump Calls for Inquiry Into Meatpackers — The New York Times Business -
• Trump’s Maga coalition fractures over far-right interview — Financial Times -
• How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy — The New York Times Business -

• In Cozying Up to Trump, Leaders Hedge Their Reliance on Moscow and Beijing — The New York Times Business -
• Corporate America posts best earnings in 4 years despite tariffs — Financial Times -
• ‘South Park’ Takes On Trump and Wins Bigly — The New York Times Business -
• Trump Administration Appeals to Supreme Court to Block Order to Pay Full SNAP Benefits — The New York Times Business -
• Trump exempts Hungary from Russia oil sanctions after meeting Orbán — Financial Times -
• Trump Calls for Antitrust Probe Over Rising Beef Prices — Wall Street Journal -

The aviation sector is experiencing significant disruption with the FAA ordering the grounding of MD-11 planes following a Kentucky crash which led UPS and FedEx to ground their fleets, compounded by government shutdown-induced flight restrictions leading to numerous cancellations and casting a shadow over Thanksgiving travel plans due to potential rising flight cancellations.

• FAA Orders Grounding of MD-11 Planes After Kentucky Crash — Wall Street Journal -
• UPS and FedEx Ground MD-11 Cargo Planes After Louisville Crash — The New York Times Business -
• FAA Flight Restrictions Are in Effect: Here’s What to Know — Wall Street Journal -

• Shutdown Casts a Shadow Over Travelers’ Thanksgiving Flight Plans — The New York Times Business -
• How the Government Shutdown Is Affecting Air Travel — The New York Times Business -
• Flight Cancellations Could Rise to 20% if Government Shutdown Continues — Wall Street Journal -

The AI boom is driving significant debt financing for infrastructure and pushing up electricity bills, while raising questions about AI's role in journalism and fueling warnings about an AI bubble, as companies increasingly mandate AI use and Chinese robotaxis challenge US dominance.

• Debt Has Entered the A.I. Boom — The New York Times Business -
• A.I. Isn’t the Only Thing Pushing Up Electricity Bills. (But It’s Mostly A.I.) — The New York Times Business -
• Is A.I. a Journalist or Just a Newsroom Tool? — The New York Times Business -

• AI bubble: don’t throw the baby out with the bathwater — Financial Times -
• Riding in a Chinese Robotaxi Is Pretty Smooth—That’s a Problem for Waymo — Wall Street Journal -
• The Boss Has a Message: Use AI or You’re Fired — Wall Street Journal -

Pfizer has secured **a $10 billion deal to acquire obesity drug start-up Metsera, ending a bidding war and highlighting Big Pharma's obsession with weight-loss drugs as Metsera's founders strike deal gold for a second time**.

• This Unlikely Duo Is Developing a Weight-Loss Pill. Big Pharma Is Obsessed. — Wall Street Journal -
• Pfizer and Metsera Reach Deal Expected to Top $10 Billion — Wall Street Journal -
• Pfizer to Acquire Obesity Drug Start-Up Metsera in $10 Billion Deal — The New York Times Business -

• Pfizer wins $10bn bidding war for weight-loss start-up Metsera — Financial Times -

Experts warn a salary sacrifice tax hit could dent savers' confidence, as over one million paid the highest rate of tax last year, sparking debate on whether the government should force Isa savers into UK stocks and concerns that more young adults will leave the UK due to low salaries and rising tax burden, while the UK bases new asylum rules on a stringent Danish model.

• Reeves’ salary sacrifice tax hit could dent savers’ confidence, experts warn — Financial Times -
• UK to base new asylum rules on stringent Danish model — Financial Times -
• More than 1mn paid highest rate of tax last year due to frozen thresholds — Financial Times -

• Government should force Isa savers into UK stocks, says Martin Gilbert — Financial Times -
• More young adults to leave UK because of low salaries and rising tax burden, wealth managers say — Financial Times -

Elon Musk's ambitious robot story looms large for Tesla, while a Disney-YouTube TV blackout causes customer frustration, Alaska's new mining rush targets strategic elements, US exporters eye the Chinese market post-Trump deal, BlackRock winds down a fund amidst an ESG pullback, the Defense Secretary warns contractors about competition, the unsettling message for investors from the financial cycle raises concerns, New York's affordability crisis reshapes its politics, as an unlikely hit novel captures attention.

• ‘A perfect storm’: how New York’s affordability crisis reshaped its politics — Financial Times -
• Elon Musk Has One Trillion Reasons to Finish His Robot Story — Wall Street Journal -
• Disney-YouTube TV Blackout Has Customers Scrambling and Getting Creative — Wall Street Journal -

• Alaska’s New Mining Rush Chases Something More Coveted Than Gold — Wall Street Journal -
• The unsettling message for investors from the financial cycle — Financial Times -
• Selling into China: US exporters circle market after Trump deal — Financial Times -
• She Almost Gave Up. Now She Has the Year’s Unlikely Hit Novel. — Wall Street Journal -
• BlackRock to wind down fund that invested in failed car lender Tricolor — Financial Times -
• Hegseth issues warning to big US defence contractors — Financial Times -

In a concerning development, Ukraine reports Russian missiles targeted its nuclear substations, while a contentious US and Israel plan to build 'New Gaza' sparks alarm, and Yuval Noah Harari emphasizes generosity as the key to securing peace between Israelis and Palestinians.

• Ukraine says Russian missiles targeted its nuclear substations — Financial Times -
• US and Israel’s contentious plan to build ‘New Gaza’ sparks alarm — Financial Times -
• Yuval Noah Harari: Only generosity can secure peace between Israelis and Palestinians — Financial Times -