• Nvidia plans $2B European AI investment: Nvidia (NVDA) CEO Jensen Huang plans to announce $2B in European investments next week, aiming to strengthen the region’s AI capabilities. Source: Semafor.
• Bumble agrees to $1.3B takeover: Bumble (BMBL) is being acquired by Ithaca Holdings for $1.3B, following years of losses and declining user engagement. The new owners plan to leverage AI to revive growth, while founder Whitney Wolfe Herd remains involved. Source: BBC.
• Apple launches AI-powered home hub: Apple (AAPL) unveiled HomeView, a $299 smart home hub launching on November 13, featuring AI-powered Siri and personalized controls. New Apple TV 4K and HomePod Mini models were also announced. Source: CNBC.
• EU approves Kimberly-Clark's Kenvue deal: Kimberly-Clark (KMB) secured conditional EU approval for its $40B acquisition of Kenvue (KVUE) after agreeing to divest European feminine hygiene brands. Source: WSJ.
• Apple and OpenAI face legal showdown: Apple (AAPL) and OpenAI are facing a pivotal court hearing over alleged theft of hardware trade secrets. Apple seeks to block OpenAI's use of confidential information, while OpenAI denies wrongdoing and seeks dismissal. Source: Bloomberg.
• Walmart expands drug coverage: Walmart (WMT) will cover over 250 prescriptions for employees at no cost starting in 2027, including Ozempic (NVO) and Mounjaro (LLY) for diabetes. The move aims to improve employee retention while limiting premium increases. Source: CNBC.
• Goldman sees AI-driven growth across Asia: Goldman Sachs (GS) expects strong growth across Japan, India, and China, fueled by AI infrastructure investment and dealmaking. Source: Bloomberg.
• Hyundai plans $15.5B India investment: Hyundai Motor (KRX:005380) plans to invest $15.5B in India through 2032, expanding manufacturing, R&D, and local supply chains. Source: CNBC.
• Space startup funding hits a high: Global space startup investment surged to a record $20.8B in Q3, nearly tripling from Q2. Launch and infrastructure ventures attracted $16.4B, fueled by rising commercial demand and government defense spending. Source: Reuters.
• CSG acquires stake in MDA Space: Czech defense group CSG acquired a 9.5% stake worth approximately $434M in MDA Space (MDA), becoming its largest shareholder as it expands into space technology and explores European partnerships. Source: WSJ.

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• Bank of America: Bank of America (BAC) reported a 17% drop in Q3 profit to $6.93B after a $1.2B regulatory fine. Revenue missed estimates by $570M amid weaker-than-expected trading results, sending shares down over 4% premarket. The fine was for anti-money laundering and sanctions violations after failing to report over $5B in suspicious transactions. Sources: CNBC / BBC.
• ASML: ASML (ASML) raised its 2026 sales forecast to €44–45B and its margin outlook to 56% as AI-driven chip demand surged. Q3 net profit more than doubled to €4.96B, beating expectations. Source: WSJ.
• Morgan Stanley: Morgan Stanley (MS) reported Q3 EPS of $3.03 versus $2.91 expected, with revenue rising 12% to $20.34B. Equities trading revenue surged 41% to $5.79B, beating forecasts by $909M and offsetting weaker fixed-income trading. Source: CNBC.
• BlackRock: BlackRock (BLK) reported Q3 adjusted EPS of $15.93, beating the $14.13 forecast, as client inflows reached $205B and assets under management hit $15.49T. Strong ETF demand and easing private credit redemptions sent shares up 5% premarket. Source: Reuters.

• U.S. inflation higher than expected: September CPI rose 3.7% annually, exceeding the 3.6% forecast, with monthly prices up 0.6%. Core inflation rose 0.3% monthly, while energy prices surged 5.2%, reinforcing expectations of another Fed rate hike in December. Source: NY Times.
• Germany pushes broader Chinese import caps: Germany plans to seek EU quotas on Chinese chemicals, machinery, and potentially pharmaceuticals to protect domestic industries. The proposal follows a cap on Chinese hybrid vehicles. Source: Bloomberg.
• China's trade growth beats expectations: China's exports surged 36.3% in September, while imports rose 31%, both exceeding forecasts. AI-related demand and booming auto exports helped drive a $133.5B trade surplus. Source: CNBC.
• IEA warns diesel shortage will persist: The IEA expects diesel supplies to remain tight until late 2027 as the Iran war disrupts production and exports. Global diesel exports fell 700,000 barrels daily in September, driving record prices. Source: CNBC.

• Ukraine accuses SpaceX of disruption: Ukraine said SpaceX (SPCX) restricted high-speed Starlink connections without warning, disrupting military drone missions. Meanwhile, Russian strikes damaged over 30 energy facilities in Ukraine and left 600,000 people without power, escalating tensions with Washington. President Zelensky is meeting Britain's prime minister today. Sources: Reuters / NY Times.
• Pope Leo recovers after cancer surgery: Pope Leo XIV, 71, is recovering after successful surgery to remove part of his right lung following a lung cancer diagnosis. Source: AP.
• OpenAI engineer arrested for espionage: A Saudi OpenAI engineer was arrested for allegedly installing a covert recording device in an executive meeting room. OpenAI said nothing was stolen. Source: Reuters.
• Latest White House news: PresidentTrump said large-scale oil, gas, and mineral exploration is being prepared in Greenland, though provided no project details. A federal judge ruled that Trump's exclusion of CNN, MS NOW, and Politico from White House access likely violated free speech and due process rights. The President also forced Kimberly Guilfoyle to resign as U.S. ambassador to Greece following allegations of personal financial misconduct. Sources: Reuters / NPR / WSJ.
• SNAP fraud exposes security issues: An estimated $233M in U.S. food assistance benefits may have been stolen over two years, largely through card skimming. Federal funding cuts threaten states' efforts to upgrade outdated payment cards. Source: NPR.

• 7:00 AM: MBA 30-Year Mortgage Rate
• 8:30 AM: Core Inflation Rate MoM & YoY, Inflation Rate MoM & YoY
• 8:30 AM: CPI
• 4:30 PM: API Crude Oil Stock Change
• Thursday: PPI MoM, Retail Sales MoM, Fed Chair Warsh Speech

ASML Holding (ASML) has released its quarterly earnings.

• Revenue of $13.42B (+52.72% YoY) beats by $241M.
• EPS of $14.88 (+131.78% YoY) beats by $2.41.
• Financials · As Reported · Metrics · Press Release

Bank of America (BAC) has released its quarterly earnings.

• Revenue of $29.96B (+6.08% YoY) misses by $597.62M.
• EPS of $1.08 (+1.89% YoY) misses by $0.03.
• Financials · As Reported · Metrics · Press Release

BlackRock (BLK) has released its quarterly earnings.

• Revenue of $7.75B (+19.10% YoY) beats by $247.20M.
• EPS of $15.93 (+37.92% YoY) beats by $1.68.
• Financials · As Reported · Metrics · Press Release

Fastenal Company (FAST) has released its quarterly earnings.

• Revenue of $2.46B (+15.49% YoY) beats by $13.07M.
• EPS of $0.35 (+20.69% YoY) beats by $0.01.
• Financials · As Reported · Metrics · Press Release

TSMC (TSM) will report tomorrow before market open.

• Analysts estimate revenue of $45.62B (+37.84% YoY).
• EPS is estimated to be $4.45 (+52.40% YoY).
• Financials · As Reported · Metrics

The Bank of New York Mellon Corporation (BNY) will report tomorrow before market open.

• Analysts estimate revenue of $5.56B (+9.70% YoY).
• EPS is estimated to be $2.26 (+18.32% YoY).
• Financials · As Reported · Metrics

U.S. Bancorp (USB) will report tomorrow before market open.

• Analysts estimate revenue of $8.01B (+9.69% YoY).
• EPS is estimated to be $1.32 (+8.20% YoY).
• Financials · As Reported · Metrics

PNC Financial (PNC) will report tomorrow before market open.

• Analysts estimate revenue of $6.59B (+11.47% YoY).
• EPS is estimated to be $4.91 (+12.87% YoY).
• Financials · As Reported · Metrics

Marsh & McLennan Companies (MRSH) will report tomorrow before market open.

• Analysts estimate revenue of $6.64B (+4.56% YoY).
• EPS is estimated to be $1.97 (+6.49% YoY).
• Financials · As Reported · Metrics

Commercial Metals Company (CMC) will report tomorrow before market open.

• Analysts estimate revenue of $2.54B (+20.07% YoY).
• EPS is estimated to be $1.96 (+43.07% YoY).
• Financials · As Reported · Metrics

The Travelers Companies (TRV) will report Friday.

• Analysts estimate revenue of $11.30B (-9.41% YoY).
• EPS is estimated to be $7.29 (-10.44% YoY).
• Financials · As Reported · Metrics

Truist Financial (TFC) will report Friday.

• Analysts estimate revenue of $5.35B (+2.09% YoY).
• EPS is estimated to be $1.07 (+2.88% YoY).
• Financials · As Reported · Metrics

Fifth Third Bancorp (FITB) will report Monday.

• Analysts estimate revenue of $3.34B (+44.94% YoY).
• EPS is estimated to be $0.87 (-6.45% YoY).
• Financials · As Reported · Metrics

3M Company (MMM) will report Tuesday.

• Analysts estimate revenue of $6.62B (+5.03% YoY).
• EPS is estimated to be $2.39 (+9.13% YoY).
• Financials · As Reported · Metrics

General Motors Company (GM) will report Tuesday.

• Analysts estimate revenue of $48.52B (-0.14% YoY).
• EPS is estimated to be $3.58 (+27.86% YoY).
• Financials · As Reported · Metrics

Northrop Grumman (NOC) will report Tuesday.

• Analysts estimate revenue of $11.11B (+6.58% YoY).
• EPS is estimated to be $7.17 (-6.52% YoY).
• Financials · As Reported · Metrics

• Estimated Thursday, October 15: Iambic Therapeutics, Inc. (IAM), a biotech firm focused on small molecule cancer therapies with $18.25M in TTM revenue and 689.4% revenue growth YoY.
• Estimated Friday, October 16: City Therapeutics, Inc. (CTY), a clinical-stage biotech company focused on RNA interference with $14.34M in TTM revenue and 388.2% revenue growth YoY.