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MARKETS
💰 JPMorgan Pledges $1.5 Trillion to U.S. Security Industries
(Credit: LinkedIn News/Screenshot)
The Scoop: JPMorgan Chase & Co. has pledged $1.5 trillion over the next decade to bolster U.S. economic security and resiliency, ramping up investments in critical industries like rare earth minerals, pharmaceuticals, and robotics, while hiring specialized bankers to support the initiative, Bloomberg News reports.
The Details:
The $1.5 trillion includes $500 billion beyond JPMorgan’s existing commitments, targeting sectors like defense, aerospace, and energy technologies such as drones and battery storage.
CEO Jamie Dimon emphasized the need to reduce U.S. reliance on foreign supply chains, particularly from China, amid escalating trade tensions and new tariff threats.
The initiative involves loans, direct investments, stock and bond sales, and third-party financing, with JPMorgan’s asset and wealth management arm playing a key role.
Up to $10 billion will be allocated for equity and venture capital to help companies expand and innovate in strategic manufacturing.
What’s Next: JPMorgan’s initiative could reshape U.S. industrial policy by channeling significant capital into domestic supply chains and critical technologies. The bank will hire dedicated bankers and an investment team to work with companies and governments on these efforts.
Market Roundup
🏦 Economy
⭐ Editor’s Pick: China vowed to "fight to the end" against Trump's threatened 100% tariffs on imports. (CNA)
The European Union is pursuing a strategic alliance with the U.S. and G7 partners to counter China's export curbs on rare earth minerals. (RTS)
Despite trade tensions, Bessent said Trump is on track to meet China’s Xi Jinping at the G20 summit in South Korea next month. (INV)
Philadelphia Fed President Anna Paulson endorsed two additional quarter-point interest-rate cuts in 2025. (BBG)
📈 Hot Stock Picks
⭐ Editor’s Pick: Billionaire Philippe Laffont's Coatue Management predicts Arm Holdings' market cap could quadruple to $787 billion by 2030, a 340% surge, driven by strong growth in custom silicon. (MF)
Morningstar recommends buying four undervalued stocks—Microsoft, Salesforce, Danaher, and Ventas—before their upcoming earnings reports, citing their potential to beat guidance amid AI-driven growth. (MS)
If an investor could buy shares in only one $1 trillion company through the end of 2026, Broadcom stands out as the premier growth pick, propelled by 90% share gains over the past year. (YF)
D-Wave Quantum and Rigetti Computing stand out as premier investment picks in quantum computing and robotics as the market starts pivoting to this long-term opportunity. (MF)
🏢 Industry
⭐ Editor’s Pick: Doug Lebda, founder and CEO of LendingTree, died unexpectedly at age 55 in a weekend ATV accident. (FBN)
Google plans to invest $9 billion in expanding its data center in South Carolina, creating 200 high-paying jobs. (CBS19)
David Zaslav, CEO of Warner Bros. Discovery, is rebuffing Paramount Global's $20 billion merger offer as undervaluing the company's $40 billion asset trove. (NYP)
Buc-ee's plans to break ground in 2026 on a massive 75,000-square-foot store and 120-pump gas station along Interstate 10 in Tallahassee, Florida, is being hailed as a game-changer. (MYSA)
🛢️ Energy & Commodities
⭐ Editor’s Pick: Nuclear startup Deep Fission plans to build a reactor one mile underground in Kansas, aiming to meet the “explosive demand for power from artificial intelligence.” (KCUR)
The Pentagon is allocating up to $1 billion to stockpile critical minerals essential for munitions and defense technologies. (GD)
Ukraine's drone strikes on Russian oil refineries have slashed the country's fuel exports by up to 15%, straining Moscow's economy. (OP)
Gold prices soared to a fresh record above $4,100 an ounce. (INV)
🌕 Crypto
⭐ Editor’s Pick: The mysterious Hyperliquid trader who presciently shorted Bitcoin ahead of Trump's tariff announcements escalated the bet with a $496 million position. (CC)
J.P. Morgan will allow its wealth management clients to trade cryptocurrencies, signaling a significant embrace of digital assets by a major Wall Street firm. (CT)
California became the first state to enact legislation protecting unclaimed crypto from forced liquidation. (CN)
Prediction-market platforms Polymarket and Kalshi notched a record $1.4 billion in combined September trading volume. (TB)
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TECH
💻 Anduril Unveils AI-powered Headset for U.S. Troops
(Credit: Anduril)
The Scoop: Anduril revealed its Eagle Eye augmented-reality headsets at the AUSA annual meeting, competing for the Army’s Soldier Borne Mission Command (SBMC) program with modular, mission-customizable designs aimed at enhancing warfighter capabilities, Defense One reports.
The Details:
Eagle Eye includes four headset variants, two on display, designed for day/night operations and varying ballistic protection levels, with two more in development.
The headsets feature modular components, allowing customization (e.g., hyperspectral cameras for bomb detection) while maintaining 90% component commonality.
A leading variant integrates ballistic AR glasses with a helmet-mounted processor and battery for lighter wear, targeting large-scale deployment (hundreds of thousands of units).
Another variant offers a fully sealed, rifle- and frag-rated helmet with night-focused mixed-reality, designed to reduce traumatic brain injury risks.
What’s Next: Success in the SBMC program may accelerate adoption across the Army, potentially setting a standard for interoperable AR systems and influencing broader defense technology markets over the next decade.
Tech Roundup
🧠 AI
⭐ Editor’s Pick: California became the first state to regulate AI companion chatbots, enacting a groundbreaking law to set guardrails on their development and use. (TC)
OpenAI is collaborating with SoftBank, Arm Holdings, and Broadcom to develop a custom AI chip, aiming to reduce dependence on Nvidia's high-cost GPUs. (TI)
Google Cloud launched Gemini Enterprise, an agentic AI platform designed to automate workplace tasks, integrating with Gmail and Docs to boost productivity for businesses. (TNG)
Microsoft unveiled MAI-Image-1, its first fully in-house text-to-image AI model, which excels at photorealistic outputs like intricate lighting and landscapes. (VER)
🤖 Hardware & Robotics
⭐ Editor’s Pick: Surgical robots, led by Intuitive Surgical’s da Vinci system, are revolutionizing healthcare by enabling life-saving operations with enhanced precision, reducing complications by up to 20%. (INN)
Australia's Hadrian X bricklaying robot aims to revolutionize construction with its ability to lay 1,000 bricks per hour, six times faster than human masons. (IE)
Austin, Texas, has deployed the Daxbot, an AI-driven robot patrolling entertainment districts to enhance public safety and deter crime. (NN)
Northwestern University engineers unveiled an actuator that morphs from soft silicone to steel-like rigidity, enabling millimeter-scale robots to lift objects 1,000 times their weight. (IE)
🚀 Defense & Space
⭐ Editor’s Pick: SpaceX notched another milestone in its Mars ambitions with the successful 11th test flight of its Starship megarocket. (SP)
Boeing showed off a new family of tiltrotor combat drones designed for autonomous missions, blending fixed-wing speed with vertical takeoff capabilities to enhance U.S. military operations. (TWZ)
Australian defense firm Skyborne Technologies outfitted a four-legged robotic dog with a grenade launcher, enhancing unmanned ground vehicles with lethal firepower for urban combat. (DEF)
💰Venture Capital
⭐ Editor’s Pick: Goldman Sachs will acquire Industry Ventures, a multi-stage venture capital firm managing $7 billion in assets, for $665 million in cash and equity plus up to $300 million in performance-based consideration. (RTS)
Ukrainian drone swarm startup Swarmer raised $17.9 million, the largest public investment in a Ukrainian defense tech firm since 2022, with a $15 million Series A led by Broadband Capital Investments. (DXL)
Flow Engineering, a startup founded to enable agile hardware development, raised $23 million in a Series A round led by Sequoia. (FOR)
Arbio raised €31 million ($35.8 million) in a Series A round led by Eurazeo to accelerate its AI-native platform for automating holiday rental operations. (EUS)
FREEDOM
🇺🇸 Podcast "Powerhouse": Is Former Navy SEAL Shawn Ryan the Next Joe Rogan?
(Credit: The Shawn Ryan Show)
The Scoop: Shawn Ryan, a former Navy SEAL and host of “The Shawn Ryan Show,” —referred to as a “powerhouse podcast”—has built a conservative media empire from his Tennessee studio, blending veteran stories and political interviews, while securing a lucrative media deal that could position him as the next Joe Rogan, the Wall Street Journal reports.
The Details:
Ryan’s podcast, started in 2019, features long-form interviews with veterans, top political figures like Donald Trump and Tulsi Gabbard, and eclectic guests like exorcists and UFO witnesses.
His conservative persona—rooted in military service, self-reliance, and skepticism of institutions—has earned him a spot near Trump’s inner circle and a No. 10 ranking on Spotify.
A new deal with Daylight Media could net Ryan over $10 million annually, bolstered by his YouTube channel’s 5 million+ subscribers and Vigilance Elite’s merchandise, including gummy bears and a $14.99 PSYOPs audio series.
Ryan’s studio, on a Tennessee property with a shooting range, hosts raw conversations, like one with former SEAL Pete Scobell discussing depression and suicidal thoughts.
What’s Next: Ryan’s growing influence could solidify his role as a conservative media powerhouse, especially with his strategic media partnerships and political connections.
Freedom Roundup
🏛️ Policy & Culture
⭐ Editor’s Pick: California Gov. Gavin Newsom (D) vetoed the AB 1828 bill, which would have mandated social media platforms to report so-called hate speech within 24 hours or face heavy fines. (POL)
OpenAI is refining ChatGPT to curb leftwing biases, with upcoming models showing 30% lower scores on internal tests of political and social impartiality. (TD)
UK media regulator Ofcom fined 4chan £300,000 ($400,000) under the Online Safety Act, marking the first penalty against the anonymous imageboard since the law's enforcement began. (RTN)
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DISCLAIMER: The CAPITAL newsletter is for informational purposes only and does not constitute financial, investment, or professional advice. Readers should conduct their own research and consult a qualified financial advisor before making investment decisions. The CAPITAL newsletter and its owner and operator, Josh Caplan, are not liable for any loss or damage resulting from reliance on this information. The CAPITAL newsletter is solely owned and independently operated by Josh Caplan, separate from any employer affiliations.
