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Top story Democrats take Congress in blue wave; Texas turns blue as Abbott loses to Hinojosa
The Hollywood Reporter

A Democratic sweep of Congress reshapes the outlook for taxes, regulation and dealmaking, with Texas flipping and Silicon Valley bracing for new scrutiny.

full coverage →politicsmarketsregulation
CNBCDemocrats take Congress in a blue wave. Here's what it means for your moneyBloombergDemocrat Gina Hinojosa Beats Texas Governor Abbott in Shock WinThe Wall Street JournalTrump-Friendly Silicon Valley Braces for Possibility of Democratic ProbesThe VergeNot even $200 million could help Elon Musk buy TexasVarietyMidterm Elections: Americans Have Wagered $1.9 Billion on Prediction Markets on U.S. Races - With Democrats Favored to Win House and SenateFoxnewsTed Cruz says 'blue tsunami' took over Texas after Democrats swept statewide racesThe GuardianUS voters rebuke Trump as Democrats win control of Congress in ‘blue wave’CbcOhio and Texas went from red to blue in the midterms, but may not stay that way in 2028TexastribuneDemocrats flip Texas House amid generational waveThe New York TimesHow a Democratic Blue Wave Delivered a Republican Wipeout in a Rebuke to TrumpCnnTexas Democrats pull off the breakthrough they’ve chased for decadesReutersBlue wave crashes through US state government racesUsatodayTrump will never admit he's to blame for the Republican wipeout | OpinionTimeWhat Just Happened in Texas Changes Everything
China blocks SoftBank's $5.4 billion acquisition of ABB's robotics unit
Bloomberg

Beijing's veto deals a setback to SoftBank's plans to expand into physical AI and robotics.

full coverage →m&aroboticschina
ReutersChina blocks SoftBank’s $5.4 billion takeover of ABB’s robotics division, FT reportsInvestingSoftbank’s $5.4 bln takeover of ABB robotics unit blocked by China- FTDealroomChina blocks SoftBank's $5.4B takeover of ABB's robotics division, FT reportsInvestingliveChina blocks SoftBank’s $5.4 billion ABB robotics deal, FT says, in blow to Son’s AI pushStartupfortuneChina blocks SoftBank's $5.4 billion bid for ABB's robotics unitBusinesstimesSoftBank acquisition of ABB robot unit blocked by China regulator that opposed Meta’s Manus deal: FTFinimizeChina Put SoftBank’s ABB Robotics Deal On IceTradersunionSoftBank takeover of ABB robotics unit blocked in ChinaMSNChina blocks SoftBank’s $5.4 billion takeover of ABB’s robotics division, FT reports
Alphabet's Isomorphic Labs in talks to raise about $5 billion for AI drug discovery
Bloomberg

The funding talks underscore how much capital is flowing into AI-driven pharmaceutical research.

full coverage →aifundinghealthcare
MarketscreenerAlphabet's Isomorphic Labs in Talks to Raise $5 BillionFourweekmbaGoogle’s Isomorphic in Talks for $5B at $50B, 2.4x May RoundYahooAlphabet's Isomorphic Labs seeks valuation of at least $40 billion in new funding roundStartupfortuneGoogle's Isomorphic Labs seeks $2 billion for AI drug discoveryYahooAlphabet Inc. (GOOGL) stock price, news, quote and history
AI inference startup Fal raises capital at a $16 billion valuation
Bloomberg

The round highlights investor appetite for infrastructure that serves trained AI models at scale.

full coverage →aifundingstartups
TechCrunchAI inference startup Fal doubles its valuation to $16B as demand surgesSiliconangleGenerative media inference startup fal raises $1.3B at a $16B valuationTradingviewAI Inference Startup Fal Raises Capital At $16 Billion Valuation- Bloomberg NewsTechbuzzFal Raises $1.3B, Doubles Valuation to $16B on AI SurgeInvestingFal raises $1.3 billion at $16 billion valuation on demand - BloombergDealroomFal raises $1.3B at $16B valuation to expand AI inference capacityTokenpostFal Raises $1.3 Billion in Series F at $16 Billion ValuationStartupfortuneFal Doubles To A $16 Billion Valuation As AI Inference Demand SoarsUaStartup Fal raises $1.3 billion at a $16 billion valuation - TechCrunchWowtaleGenerative Media Inference Platform fal Raises $1.3B Series FShiftdeleteFal Funding: $1.3B Round Values AI Startup at $16BTradersunionFal raises $1.3 billion at $16 billion valuation as AI inference demand acceleratesTechjuiceAI Inference Startup Fal Doubles Valuation to $16B in $1.3B RoundBharatfastFal Raises $1.3 Bn At $16 Bn Valuation As AI Inference Demand Outruns Capacity
Qualcomm slides on weak profit forecast as supply costs bite; bets big on data centers
Bloomberg

The smartphone chipmaker is pivoting toward AI data centers as phone sales slump about 20%.

full coverage →chipsearningsai
The VergeQualcomm is betting big on data centers as smartphone sales sinkShatteredQualcomm Earnings: Shares Slide 6%+ on Cost Squeeze [2026]SedailyQualcomm, Arm Shares Slide as Smartphone Slump BitesReutersQualcomm shares slide as memory chip shortage hits smartphone marketChannelnewsasiaQualcomm shares slide as higher costs, Apple-related weakness cloud profit forecast
Sequoia Capital plans to close its London office and cut some staff
Tech-insider

The retreat trims the venture giant's European footprint amid a tougher fundraising environment.

full coverage →ventureeuropelayoffs
ShatteredSequoia Closes London Office It Opened in 2020 [2026]BusinessinsiderVC firm Sequoia is flattening its partner structure and closing its London officeUaSequoia closes London office and shuts down Arc and Scouts programs - TechCrunchInvestingSequoia Capital closes London office citing lack of need for local presence By Investing.comCityamSequoia scraps London office as UK employees face axeTechCrunchA comprehensive list of 2025 tech layoffsBusiness InsiderCompanies laying off staff this year include Meta, Amazon, and Dropbox - see the listReutersCrypto exchange Gemini plans to lay off up to 200 staff, exit Europe and AustraliaBizjournalsDaily Digest: What local election results reveal, Oakland Coliseum manager to lay off 1,600FiercebiotechFierce Biotech Layoff Tracker 2026: Ultragenyx lays off 20%; Molecular Partners trims 44%GlobalbankingandfinanceSequoia Capital to Close London Office, Refocuses on Silicon ValleyTechThese Companies Have Already Replaced Workers with AI in 2025 and 2026
Oil prices fall as post-midterm traders reassess Middle East and Iran war outlook
Bloomberg

Crude sank as investors read the U.S. election result as raising the odds of a shift in Middle East policy.

full coverage →energymarketspolitics
The Wall Street JournalOil Prices Sink as U.S. Midterms Raise Market Hopes for Middle East SolutionYahooTech hit by new AI worries on positive day for most marketsEconomictimesUS oil prices crash below $90 as JD Vance blames Iran War for GOP election loss: WTI falls to $88.92, BrenIheartOil Prices Tumble After Midterm Elections and Iran War DevelopmentsMitradeWTI Crude Oil Price Forecast: Can Oil Hold $100 After OPEC+ Decision and Ahead of US Midterms?StraitstimesUS midterms: What investors can expect after Democrats shatter Republican strongholdsReutersCOMMENTARY: Cash-rich oil majors face post-Iran strategy rethinkCbsnewsTrump promises not to resume strikes before midterm electionsEuronewsOil tops $105 as Trump weighs return to Iran combat operationsSubstackThe Blue Wave Turns Wall Street Green: Oil Crashes, Bonds Rally and the Bulls Get Their Second WindThe GuardianUS stocks rise, dollar slides as investors digest Democrats’ midterm victoriesBusinesstimesUS midterms: What investors can expect after Democrats shatter Republican strongholdsCNBCTrump could attack Iran in days - what's at stake for the oil marketGeoOil prices crash nearly 9% after Democrats sweep US midterms
South Korea posts record current-account surplus on semiconductor export boom
Bloomberg

AI-driven demand for chips is powering a record external surplus for Asia's fourth-largest economy.

full coverage →tradechipsmacroeconomy
KedglobalS.Korea’s current account surplus hits record $61 bn; Global IBs hike GDP growth forecastsCnbctv18South Korea posts record $61.5 billion current-account surplus in September on chip boomMtKorea posts record $61.4 billion current account surplus in September as chip exports surge 260%KoreajoongangdailyKorea posts world's No. 2 current account surplus in first half, behind ChinaEbcUSD/KRW Nears 1,336 as Korea Posts a $46.1 Billion Surplus. Can Record Overseas Buying Cap the Won Rally?MkKorea posts record current account surplus in May on chip export boomBiggoSouth Korea's Semiconductor Boom a 'Party for the Few': Corporate Income Jumps 18.5% While Wages Rise Just 1.9%KoreaheraldS. Korea posts record current account surplus in 2025 on chip boom
Sony lifts profit outlook after Spider-Man and PlayStation hits
Bloomberg

Entertainment franchises drove better-than-expected September quarter results.

full coverage →earningsgamingmedia
AsahiJapan entertainment and electronics giant Sony says profit up 11% on strong sensor and games salesYahooJapan's Sony sees profit grow on demand for games, but quake damage still unclearInvestingEarnings call transcript: Sony beats on Q1 2026 profit and lifts full-year outlookThewrapSony Raises 2024 Sales Outlook As Gaming Boosts Q2 Revenue to $19 BillionThehinduSony raises its profit forecast after saying it expects less damage from Trump’s tariffsTradersunionSony raises full-year outlook after Q2 profit jumps on games and movies
Circle lays off 5% of staff as revenue and profit beat estimates
Bloomberg

The stablecoin issuer is cutting jobs while leaning harder into AI across its operations.

full coverage →cryptolayoffsearnings
YahooCircle Layoffs Hit 5% of Staff in a Profitable Quarter: Why Now?CoindeskCircle beats earnings expectations on strong revenue, but cuts 5% of its workforceCryptonomistCircle Q3 Earnings Beat Forecasts Despite Workforce ReductionRoundtableCircle crushes Q3 estimates as staff shrinks 5%ThestreetCircle crushes Q3 estimates as staff shrinks 5%BiggoCircle Q3 Revenue Rises 17% Year-over-Year; ARC Token Presale Contributes $182 Million, Premarket Shares Up Over 3%247wallstAmEx Raised Its Profit Forecast and Announced Layoffs on the Same DayCryptobriefingCircle cuts 5% of workforce as USDC circulation climbsTipranksRIOT Stock Jumps 14%, Defies AI Selloff After Democrats’ Congress Win - Here’s WhyStartribuneA ‘leaner’ 3M emerges as CEO hands off company to new leader
Chip startup Tenspresso, three months old, in talks for $500 million valuation
Bloomberg

Investors are betting early on founders from Google's AI chip ranks as demand for custom silicon surges.

full coverage →chipsfundingstartups
InvestingChip startup Tenspresso eyes $500M valuation - BloombergStartupfortuneTenspresso, a three month old chip startup, is in talks for a $500 million valuationBiggoTenspresso, a 3-Month-Old AI Chip Startup, Seeks $50 Million at $500 Million Valuation
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