• AI stocks slide on slowdown fears: Nvidia (NVDA), AMD (AMD), SpaceX (SPCX), Meta (META), and Amazon (AMZN) fell as AI chiefs urged slower development, raising concerns over infrastructure demand and valuations. Source: Reuters.
• Airbnb launches housing fund: Airbnb (ABNB) is committing $250M to provide below-market gap financing for affordable and mixed-income housing projects, aiming to unlock stalled developments and support broader housing construction. Source: WSJ.
• Amazon suspends 21 Air: Amazon (AMZN) suspended cargo flights with 21 Air after its Boeing (BA) 767 overran a Miami runway on Sept. 6, killing five people. Source: AP.
• Novo rebrands amid obesity battle: Novo Nordisk (NVO) is rebranding to “Novo” and simplifying its culture as it tries to regain obesity-drug share from Eli Lilly (LLY). Shares are down about 15% this year despite strong Wegovy pill uptake. Source: CNBC.
• Electra targets $978M IPO value: Electra Therapeutics (ETRA) is seeking up to $346.7M in a Nasdaq IPO at a valuation of as much as $977.6M, with proceeds funding late-stage drug trials and pipeline development. Source: Reuters.
• GM pushes domestic battery tech: General Motors (GM) is developing U.S.-sourced sodium-ion batteries for energy storage and future EVs, aiming to reduce dependence on China. Source: CNBC.
• Pfizer targets air-traffic fees: Pfizer (PFE) won approval to place liens on air-traffic control fees to recover $2.2B owed by Poland and Romania for unwanted Covid-19 vaccines. Source: WSJ.
• Kimberly-Clark readies EU concessions: Kimberly-Clark (KMB) is preparing asset sales to address EU antitrust concerns over its $40B acquisition of Kenvue (KVUE). Source: Reuters.
• Apollo eyes J&J orthopedics: Apollo (APO) is in talks to buy Johnson & Johnson’s (JNJ) DePuy Synthes hips-and-knees business for about $20B as J&J shifts toward higher-growth healthcare areas. Source: WSJ.
• Defense SPAC activity accelerates: Six defense and space firms have announced SPAC mergers in 2026 — double 2025’s total — as investor demand, rising U.S. defense spending, and SpaceX (SPCX) fuel capital-market interest. Source: Reuters.

• AI leaders call for slowdown: Anthropic CEO Dario Amodei is calling for slower frontier AI development and independent safety evaluators, citing risks from recursive self-improvement. Likewise, OpenAI CEO Sam Altman called for federal safety rules and evaluators, warning that unchecked progress could lead to loss of control. Sources: CNN / CNBC.
• Trump White House resists: President Trump and House Speaker Mike Johnson are rejecting calls for an AI moratorium, arguing the U.S. must stay ahead of China. Source: NPR.
• China also rejects slowdown: China’s Global Times called the slowdown call a “Cold War” tactic aimed at curbing China. Source: Reuters.
• King Charles convenes AI leaders: King Charles is hosting executives from Nvidia (NVDA), OpenAI, Anthropic, and Google (GOOGL) DeepMind this week to discuss shared AI principles. Source: Reuters.

• Saudi pipeline outage threatens supply: Saudi Arabia could lose up to 4% of global oil supply if its East-West pipeline remains offline beyond 5–7 days, deepening a global crude shortage. Sources: Reuters / CNBC.
• Fed poised for first Warsh rate hike: Markets expect the Federal Reserve to raise rates by 25 basis points to 3.75%–4.00% on Wednesday as hotter inflation and $100 oil weaken the disinflation case, with another hike this year increasingly likely. Source: Reuters.
• Indian inflation keeps rising: India’s August inflation rose to 4.82% from 4.45%, its 10th straight monthly increase, as food and transport costs climbed. Persistent energy shocks are increasing pressure on the Reserve Bank of India to consider rate hikes. Source: CNBC.

• Houthis tighten Red Sea grip: Gulf states canceled talks with Iran as Houthis attacked a Saudi airbase and the East-West pipeline remained offline. The Houthis are also seizing strategic Yemeni islands near the Bab el-Mandeb Strait. Sources: AP / Reuters.
• Russian strike raises escalation risk: A Russian drone struck a Ukrainian train near Poland shortly after senior Western officials passed through the area. Ukraine says the diplomatic train may have been the target, raising concerns of a broader escalation against rail and border infrastructure. Source: NY Times.
• Trump urges halt to refinery strikes: President Trump urged Ukraine to stop attacking Russian refineries as disrupted fuel supplies helped push U.S. diesel above $6 a gallon and Brent crude climbed. Source: CNBC.
• Indonesia searches for ferry survivors: Indonesian authorities are searching for 129 people missing after a ferry carrying more than 240 people capsized in rough Java Sea conditions. At least 6 died, and 108 were rescued. Source: NPR.
• CDC declares record outbreak over: The CDC said the largest U.S. cyclosporiasis outbreak has ended after 12,833 cases in 21 states. The outbreak was linked to shredded iceberg lettuce. Source: CNBC.
• Trump lifts Irish whiskey tariff: President Trump pledged to remove the 10% U.S. tariff on Irish whiskey, benefiting an industry that sells about one-third of its global volumes to the U.S. Source: WSJ.

• Wednesday: Retail Sales MoM, Fed Interest Rate Decision, FOMC Economic Projections, Fed Press Conference
• Thursday: Building Permits Prelim., Housing Starts

• There are no major recent earnings to report today, but you can check the earnings calendar for a complete list.

Trip.com Group (TCOM) will report tomorrow after market close.

• Analysts estimate revenue of $2.29B (+10.36% YoY).
• EPS is estimated to be $0.91 (-9.90% YoY).
• Financials · As Reported · Metrics

Forgent Power Solutions (FPS) will report tomorrow before market open.

• Analysts estimate revenue of $429.07M (n/a YoY).
• EPS is estimated to be $0.23 (n/a YoY).
• Financials · As Reported · Metrics

Lennar (LEN) will report Wednesday.

• Analysts estimate revenue of $8.36B (-5.08% YoY).
• EPS is estimated to be $1.30 (-35.00% YoY).
• Financials · As Reported · Metrics

The Progressive Corporation (PGR) will report Friday.

• Analysts estimate revenue of $22.51B (+7.96% YoY).
• EPS is estimated to be $4.02 (-0.99% YoY).
• Financials · As Reported · Metrics

• Estimated Friday, Sept. 18: Holtec Nuclear Corporation (HNUC), an energy company with $564.19M in TTM revenue and -24.7% revenue growth YoY.
• Estimated Friday, Sept. 18: Orion180 Insurance Group Inc. (OIG), a specialty insurance group with $153.14M in TTM revenue and 38.3% revenue growth yoY.