• Market recap: All 3 main indices rallied yesterday following several days of declines, with the Dow in particular climbing 316 points. Tech stocks led gains, Intel (INTC) and AMD (AMD) standing out with surges of 6–8%. Source: CNBC.
• Buffett ends chairmanship: Warren Buffett, 96, stepped down as Berkshire Hathaway (BRK.B) chairman and became chairman emeritus, though he remains a director. His son Howard was elected chairman. Source: StockAnalysis.com.
• SEC greenlights tokenized stock trading: The SEC created a 5-year exemption allowing certain U.S. platforms to offer tokenized stocks with full shareholder rights, potentially accelerating 24/7 trading. Robinhood (HOOD) and Coinbase (COIN) — which are pursuing tokenized equities — gained over 5%. Source: CNBC.
• Nvidia expects chip sales to double: Nvidia (NVDA) CEO Jensen Huang expects the company to sell twice as many chips next year as AI investment accelerates globally. Shares gained 2.5%. Source: CNBC.
• GM enters defense supply chain: GM (GM) has begun supplying missile-housing parts for Lockheed's (LMT) Patriot interceptors as the Pentagon pushes to replenish depleted inventories. GM expects $700M in defense revenue this year. The move comes as Lockheed revealed a new air-to-air missile. GM gained 2.8%. Sources: WSJ / Reuters.
• Xenon falters on drug setback: Pharma company Xenon (XENE) paused trials for one of its drugs after a clinical setback, sending shares plunging 23% premarket. If losses hold, it would be the company's worst day in 9 years. Source: Barron's.
• Paramount scouts TN offices: Paramount Skydance (PSKY) is seeking about 400K square feet of Nashville office space as it weighs shifting operations away from LA. The possible move comes amidst an antitrust fight over its $111B Warner (WBD) acquisition. PSKY fell 5%. Source: Politico.
• Toyota weighs $6.4B automation push: Toyota (TM) estimates that factory modernization could cost $6.4B annually, noting that 400K robots are needed across its supply chain. Source: Reuters.
• Russia seizes Nestlé's operations: Russia placed Nestlé’s (SWX:NESN) local unit under external administration, raising asset-loss risks for Western companies. Shares fell 2% on the news. Source: WSJ.

• Gas prices climb despite oil's decline: The average price of U.S. gas rose $0.16 WoW to $4.43 a gallon, more than $1 above last year's level. The news comes even as oil prices briefly dipped below $100 per barrel. Sources: AAA / CNBC.
• Bank of Japan raises rates: The Bank of Japan is raising its key rate by 25 basis points to a 31-year high of 1.25% as it responds to inflation and a weak yen, continuing its shift away from decades of ultra-low borrowing costs. Source: BBC.
• U.K. retail sales rebound: British retail sales volumes rose 0.5% in August, beating forecasts for a 0.1% decline, as online and department-store sales strengthened. Source: WSJ.
• Eurozone industrial output declines: Eurozone industrial production fell 0.1% in July, though this number beat forecasts for a 0.4% drop. Higher energy costs remain a key headwind. Source: WSJ.

• OpenAI dealt legal setback: A federal judge tossed out OpenAI's petition to access Apple’s (AAPL) confidential settlement with xAI (SPCX). Elon Musk’s companies have dropped their own claims against Apple. Source: Politico.
• Other major AI updates: OpenAI and Anthropic are exploring small-scale data center deals to deploy AI capacity faster as power constraints slow larger projects. Separately, Anthropic has set up a wet lab to expand AI-driven biology research. Sources: CNBC / Reuters.

• Center-left wins narrowly in Sweden: Sweden’s center-left parties prevailed in recent elections, ousting a right-wing government helmed by PM Ulf Kristersson. The left-wing bloc won by just 50K votes, while the country's far-right party lost ground. Sources: BBC / Politico.
• Malaysian ex-PM granted conditional pardon: Malaysia’s king allowed former Prime Minister Najib Razak, who was convicted on corruption charges, to serve his remaining sentence at home if he pays a $12.2M fine. A separate 15-year sentence remains under appeal. Source: NY Times.
• U.S. sells fighter jets to Saudis: The State Department approved a $24.3B sale of around 50 fighter jets to Saudi Arabia. The deal still requires Congressional approval. Source: Reuters.
• Trump withdraws ICE nominee: The White House scrapped the nomination of onetime Oklahoma state trooper Lance Schroyer to lead ICE after a GOP senator sought info on civilian deaths during enforcement operations. ICE remains without a Senate-confirmed leader. Source: AP.

• 9:15 AM: Industrial Production MoM

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

ABIVAX Société Anonyme (ABVX) will report Monday after market close.

• Analysts estimate revenue of $1.86M (-75.93% YoY).
• EPS is estimated to be -$1.08.
• Financials · As Reported · Metrics

AutoZone (AZO) will report Tuesday.

• Analysts estimate revenue of $6.71B (+7.53% YoY).
• EPS is estimated to be $54.37 (+11.62% YoY).
• Financials · As Reported · Metrics

Cintas (CTAS) will report Wednesday.

• Analysts estimate revenue of $2.98B (+9.49% YoY).
• EPS is estimated to be $1.36 (+13.33% YoY).
• Financials · As Reported · Metrics

Paychex (PAYX) will report Wednesday.

• Analysts estimate revenue of $1.63B (+5.54% YoY).
• EPS is estimated to be $1.32 (+8.20% YoY).
• Financials · As Reported · Metrics

General Mills (GIS) will report Wednesday.

• Analysts estimate revenue of $4.33B (-4.05% YoY).
• EPS is estimated to be $0.72 (-16.28% YoY).
• Financials · As Reported · Metrics

Costco (COST) will report Thursday.

• Analysts estimate revenue of $94.86B (+10.10% YoY).
• EPS is estimated to be $6.53 (+11.24% YoY).
• Financials · As Reported · Metrics

Darden Restaurants (DRI) will report Thursday.

• Analysts estimate revenue of $3.21B (+6.69% YoY).
• EPS is estimated to be $2.05 (+4.06% YoY).
• Financials · As Reported · Metrics

TD SYNNEX (SNX) will report Thursday.

• Analysts estimate revenue of $18.76B (+19.85% YoY).
• EPS is estimated to be $4.62 (+29.05% YoY).
• Financials · As Reported · Metrics

• Confirmed today: Electra Therapeutics, Inc. (ETRA), a biopharma company focused on immune diseases and cancer.
• Confirmed today: Holtec Nuclear Corporation (HNUC), an energy company with $564.19M in TTM revenue and -24.7% revenue growth YoY.
• Confirmed today: Orion180 Insurance Group Inc. (OIG), a specialty insurance group with $153.14M in TTM revenue and 38.3% revenue growth yoY.