Several companies, including Under Armour and Disney, are undergoing restructuring or reporting mixed earnings, while the US credit market shows signs of strain and Applied Materials forecasts growth driven by AI demand.

• Under Armour Ditches Curry Brand Amid Restructuring Effort — Wall Street Journal -
• Applied Materials Forecasts Higher Sales in Second Half of 2026 on Surge in AI Demand — Wall Street Journal -
• Health Care Roundup: Market Talk — Wall Street Journal -

• Energy & Utilities Roundup: Market Talk — Wall Street Journal -
• Auto & Transport Roundup: Market Talk — Wall Street Journal -
• Tech, Media & Telecom Roundup: Market Talk — Wall Street Journal -
• Disney Stock Drops as Revenue Disappoints — Wall Street Journal -
• Disney shares slump as sales at film and TV units slide — Financial Times -
• Allianz Sees 2025 Earnings at Top End of Target Range, Maybe Higher — Wall Street Journal -
• The golden age of US credit card rewards may be at an end — Financial Times -
• ‘Big Short’ investor Michael Burry to close fund as he warns on valuations — Financial Times -
• A BlackRock-Backed Roofing Conglomerate Goes Bust — The New York Times Business -
• To see how the US credit boom could end, turn to Chapter 7 — Financial Times -
• Michael Burry names FT Alphaville charts quiz winner as successor — Financial Times -
• The curious rise of 4iG — Financial Times -
• EY Nominates Executive Behind Audit Cleanup as New U.S. Leader — Wall Street Journal -
• Virgin Atlantic borrows $745mn against Heathrow slots in Apollo deal — Financial Times -
• Germany’s Merck KGaA Shares Rise After Semiconductor, Pharma Demand Boost Results — Wall Street Journal -
• Brookfield Earnings Rise With Growth Across Wealth Solutions — Wall Street Journal -
• Adnoc Gas Earnings Jump Despite Lower Prices, Initiates Third-Quarter Dividend — Wall Street Journal -
• Italian Insurer Generali Benefited From Fewer Natural Catastrophe Claims — Wall Street Journal -
• Siemens Expects Currency Headwinds to Weigh on Results — Wall Street Journal -
• Burberry Revamp Proves the Right Style as Streak of Falling Sales Ends — Wall Street Journal -
• Basic Materials Roundup: Market Talk — Wall Street Journal -
• Singapore Airlines Profit Plunges on Air India Losses — Wall Street Journal -
• Flutter Entertainment Shares Slip on Guidance Cut — Wall Street Journal -
• JD.com Profit Slumps as Heavy Food-Delivery Spending Bites — Wall Street Journal -
• The Luxury Electric Vehicle Is in Trouble — The New York Times Business -
• Endeavour Mining Earnings Jump on Higher Gold Prices — Wall Street Journal -
• Hapag-Lloyd Narrows Guidance Further as Higher Demand Counters Falling Freight Rates — Wall Street Journal -
• Kim Kardashian’s Skims Is Worth an Extra Billion Dollars — The New York Times Business -
• Rolls-Royce Backs Outlook on Strong Demand for Engines, Power Generation — Wall Street Journal -
• Deutsche Telekom Nudges Up Guidance Again, Raises Dividend as U.S. Unit Boosts Growth — Wall Street Journal -
• Banco de Sabadell Posts Lower Net Profit, But Sees Targets on Track — Wall Street Journal -
• Does the K-shaped economy theory even make sense? — Financial Times -
• China ‘Singles’ Day’ Sales Show Modest Growth — Wall Street Journal -
• The decade-old deal haunting Cinven — Financial Times -
• A Company Sold Investors $1 Billion in Art. Did it Paint Too Rosy a Picture? — The New York Times Business -

The US is implementing tariff exemptions to lower food prices and forging new trade deals, alongside labor actions by Boeing and Starbucks workers and significant job cuts at Verizon, while the penny is retired and housing shortages are addressed in Massachusetts.

• Boeing Defense Workers Approve New Five-Year Contract — Wall Street Journal -
• Trump Officials Prepare Tariff Exemptions, Seeking to Lower Food Prices — The New York Times Business -
• US announces new trade deals in attempt to cut costs for consumers — Financial Times -

• U.S. Mint Presses Final Penny After More Than 200 Years — The New York Times Business -
• Canadian Pacific Kansas City Reaches Tentative Agreement With U.S. Engineer Union — Wall Street Journal -
• FirstFT: Toyota pledges to invest additional $10bn in US — Financial Times -
• Some South Korean Workers Return to Georgia Factory After U.S. Reissues Visas — The New York Times Business -
• Starbucks Workers Are Striking at Dozens of Stores on ‘Red Cup Day’ — The New York Times Business -
• Boeing Defense Workers Approve New Contract — The New York Times Business -
• How Unemployment Can Take a Toll on Our Mental Health — The New York Times Business -
• Verizon to Cut About 15,000 Jobs — Wall Street Journal -
• The California Campaign to Introduce a First-of-Its-Kind Billionaire’s Tax — Wall Street Journal -
• A War on Top Investor Advisers Is Growing — The New York Times Business -
• Can New Jersey’s next governor actually freeze utility rates? — Financial Times -
• Toyota to invest up to $10bn in US over next five years — Financial Times -
• Wall Street chiefs flock to White House dinner with Trump — Financial Times -
• Trump signs spending bill to end longest-ever US shutdown — Financial Times -
• Even When the Shutdown Ends, Flight Cancellations Won’t — Wall Street Journal -
• Food Stamps May Face Lasting Damage From Trump’s Halt to Funds in Shutdown — The New York Times Business -
• Massachusetts Offered a Solution to Housing Shortages. Is It Working? — The New York Times Business -

The **tech and media industries are buzzing with M&A talks for Warner Bros. Discovery, Netflix is expanding into TV video games, Blue Origin successfully launched a NASA mission, and the AI sector continues to see both demand surges and concentration concerns, amid EU antitrust probes into Google and Red Bull**.

• Paramount, Comcast, Netflix Prepare Bids for Warner as Deadline Approaches — Wall Street Journal -
• Blue Origin Launches Its First NASA Mission, Lands Rocket Booster — Wall Street Journal -
• Bezos’s Blue Origin pulls off first landing of its largest reusable rocket — Financial Times -

• Netflix Is Bringing Video Games to Users’ TVs — The New York Times Business -
• Inside Tom Freston’s Wild Ride From ‘I Want My MTV!’ to $3 Billion in Revenue — Wall Street Journal -
• AI bubble trouble talk is overblown — Financial Times -
• AI concentration does not breed strength — Financial Times -
• Russian Humanoid Robot Falls on Its Face in Hyped Debut — The New York Times Business -
• Will China win the AI race? You asked, we answered — Financial Times -
• Is hiring becoming less meritocratic? — Financial Times -
• Tencent Posts Strong Profit, Revenue Growth on Game Demand, AI Push — Wall Street Journal -
• EU Investigates Alphabet’s Google over Publishers’ Ranking Policy — Wall Street Journal -
• Bertelsmann Names 35-Year-Old Scion as CEO in Generational Shift — Wall Street Journal -
• Todd Boehly leads $250mn Gopuff deal as valuation drops to $8.5bn — Financial Times -
• Accenture and Jeffrey Katzenberg’s WndrCo Invest in AI Marketing Startup — Wall Street Journal -
• Electric-Truck Maker Harbinger Raises $160 Million — Wall Street Journal -
• SMIC Posts Profit Growth Amid China’s Chip Self-Reliance Drive — Wall Street Journal -
• NBCUniversal Launching New Cable Sports Channel — Wall Street Journal -
• Younger brother beats older sibling in Bertelsmann succession battle — Financial Times -
• Liberty Global chief says EU has its ‘foot on our neck’ — Financial Times -
• Gen Z and millennials are saving the cruise industry — Financial Times -
• ‘Phantom’ data centres muddy forecasts for US power needs — Financial Times -
• The battle for AI supremacy — Financial Times -

The UK economy unexpectedly contracted, potentially influencing a December rate cut, while the Labour party faces internal leadership challenges and aims for fiscal stability, and Scotland plans a bond issuance as Britain approves a new nuclear reactor.

• Brain-dead Labour retreats to its comfort zone: campaigning — Financial Times -
• BBC apologises to Trump for edit of speech but refuses to pay compensation — Financial Times -
• Starmer and Reeves ditch plan to increase income tax rates in the Budget — Financial Times -

• BBC crisis turns spotlight on role of Sir Robbie Gibb — Financial Times -
• Self-inflicted leadership crisis unites Labour factions against Starmer — Financial Times -
• Alarm grows over household energy bill arrears — Financial Times -
• Opinion | The BBC Goes the Way of Shag Carpeting — Wall Street Journal -
• How Reeves can deliver a Budget for business and workers — Financial Times -
• Police and crime commissioners to be abolished in England and Wales — Financial Times -
• UK economy unexpectedly contracted by 0.1% in September — Financial Times -
• EVs to start paying London congestion charge next year — Financial Times -
• U.K. Gives Go-Ahead to Smaller Nuclear Reactor in Wales — The New York Times Business -
• Scotland to sell £1.5bn of ‘kilts’ bonds after getting same credit rating as UK — Financial Times -
• Labour unrest hardens belief Starmer has to go — Financial Times -
• Weaker UK growth boosts December rate cut chances — Financial Times -
• Scottish kilts set to enter the bond market — Financial Times -
• Prime minister aims to reassure UK plc of government’s stability — Financial Times -
• Britain Gives Go-Ahead to Smaller Nuclear Reactor in Wales — The New York Times Business -

Global climate leadership faces a vacuum ahead of COP30, the oil market shows a growing surplus, and geopolitical tensions are high with Germany planning military service, EU ministers discussing Ukraine aid, and concerns over Russia's influence on UniCredit.

• The Global Climate Leadership Vacuum — The New York Times Business -
• India and Pakistan need mediators not arms suppliers — Financial Times -
• U.S. Crude Oil Stockpiles Rise as Production Hits Record — Wall Street Journal -

• IDF soldiers provide shocking testimony in Breaking Ranks: Inside Israel’s War — Financial Times -
• UniCredit boss fears Kremlin will take over its Russian unit — Financial Times -
• Coalition rallies for COP30 ‘road map’ on how to cut oil and gas — Financial Times -
• G20 ‘dormant’ as Trump plans boycott of South Africa summit — Financial Times -
• Alternative data suggests US inflation was steady in October — Financial Times -
• Energy-Drink Maker Red Bull Faces EU Antitrust Probe — Wall Street Journal -
• Far right and centre right unite in EU parliament to undermine green rules — Financial Times -
• US rebukes backers of Sudanese paramilitary force behind ‘horrific’ atrocities — Financial Times -
• Red Bull hit by EU antitrust probe — Financial Times -
• FirstFT: Trump fights for control of Maga — Financial Times -
• How democrats can fight back — Financial Times -
• Germany finalises plans for military service and larger army — Financial Times -
• Oil Market Faces Growing Surplus as Inventories Climb, IEA Says — Wall Street Journal -
• EU finance ministers wrestle with €140bn Ukraine loan as other options fizzle — Financial Times -
• US drew $900mn from IMF account as Argentina debt payment loomed — Financial Times -
• Nigeria’s inept diplomacy is to blame for Trump’s military threats — Financial Times -
• Europe is falling short in its quest for global economic clout — Financial Times -
• The elite Russian unit hunting Ukraine’s drone warriors — Financial Times -
• India boosts homegrown WhatsApp rival in tech nationalism drive — Financial Times -

Donald Trump's political influence is under scrutiny with Epstein email revelations and a presidential pardon for Joe Lewis, alongside the extradition of a scam compound operator and the passing of former ABC News correspondent Jim Avila.

• Jim Avila, Former ABC News Correspondent, Dies at 70 — The New York Times Business -
• Trump pardons former Tottenham Hotspur owner Joe Lewis — Financial Times -
• A Farmer, a Designer and a Dating App Unite to Save Some ‘Gay Sheep’ — The New York Times Business -

• An insider guide to Carona, Meret Oppenheim’s creative refuge — Financial Times -
• Epstein’s network: ‘Life among the lucrative and louche’ — Financial Times -
• Man Accused of Running Southeast Asia Scam Compound Is Extradited to China — The New York Times Business -
• Trump faces fresh Epstein claims in new emails released by Democrats — Financial Times -
• Trump fights for control of Maga movement as Epstein emails widen schism — Financial Times -
• Michael Wolff, Chronicler of Elites, Provided Epstein With Advice on Trump — The New York Times Business -
• After Trump Split, Epstein Said He Could ‘Take Him Down’ — The New York Times Business -