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MARKETS
💰 Trump, Australian Prime Minister Sign $8.5 Billion Critical Minerals Agreement

(Credit: The White House)
The Scoop: President Donald Trump and Australian Prime Minister Anthony Albanese signed a landmark $8.5 billion agreement on rare earths and critical minerals at the White House on Monday, aiming to counter China's dominance in global supply chains for materials essential to technology, electric vehicles, and defense, Fox Business reports.
The Details:
Each country will invest at least $1 billion over the next six months into mining, processing projects, and a new Australian refinery for gallium extraction, while streamlining permitting to accelerate development and establish a minimum price floor for stability.
The pact includes joint efforts on geological mapping, mineral recycling, and blocking national security-risk asset sales; initial projects feature the Alcoa-Sojitz gallium venture in Western Australia and Arafura Nolans rare earths site, with U.S. equity investment.
China produced 270,000 tons of rare earths in 2024 with 44 million tons in reserves, dwarfing U.S. output of 45,000 tons and Australia's 13,000 tons, prompting the U.S. to condemn Beijing's export controls as a supply chain threat.
What’s Next: Further joint ventures with allies like Japan and Britain could expand the pipeline, reducing Western reliance on China amid escalating trade tensions.
Market Roundup
🏦 Economy
⭐ Editor’s Pick: Morgan Stanley's Mike Wilson asserts the U.S. economy is transitioning to an early-stage recovery poised for a boom over the next six to 12 months. (FOR)
Trump threatened to impose tariffs as high as 155% on Chinese goods starting November 1 unless a trade deal is reached. (X)
White House economic advisor Kevin Hassett indicated that the government shutdown could conclude as early as this week. (CNBC)
Canada amended its surtax remission order to exempt select U.S. and Chinese steel and aluminum imports from tariffs. (INV)
📈 Hot Stock Picks
⭐ Editor’s Pick: ASML Holding, a linchpin in semiconductor manufacturing with its photolithography machines, is poised for a decade of growth as chip demand surges, according to Motley Fool. (MF)
Morningstar recommended buying five undervalued stocks—Microsoft, Deere & Co., Huntington Ingalls Industries, Medtronic PLC, and The Hershey Co., citing their discounts to fair value of 11% to 14%. (MS)
MarketBeat highlighted three overlooked growth stocks—Weave Communications, PubMatic, and Zeta Global—where analyst upside potential exceeding 50% outweigh risks. (MB)
Billionaires like David Tepper, Michael Platt, and Philippe Laffont ramped up Nvidia stakes in Q2, betting on the AI chip leader's trajectory toward a potential $10 trillion market cap. (MF)
🏢 Industry
⭐ Editor’s Pick: Michelle Ritter, 31, the former mistress of ex-Google CEO Eric Schmidt, 70, has sued him alleging stalking, abuse, and digital surveillance in a dispute over a $100 million AI investment and access to his $61 million Bel Air mansion. (NYP)
U.S. steelmaker Cleveland-Cliffs is pivoting into domestic rare earth mineral production at Michigan and Minnesota sites to counter China's tightening export controls. (FBN)
Disney+ and Hulu subscribers doubled their cancellation rates to 8% and 10%, respectively, in September following the suspension of "Jimmy Kimmel Live!" (THR)
Din Tai Fung, America's most successful restaurant chain by average sales, is fueling the nation's dumpling craze with plans to expand from West Coast malls to East Coast downtowns. (WSJ)
🛢️ Energy & Commodities
⭐ Editor’s Pick: U.S. gas prices have dipped below $3 per gallon for the first time under Trump's current term, averaging $2.96 nationally. (NW)
A Louisiana state court revoked the permit for Commonwealth LNG's $11 billion export terminal on the Gulf Coast, citing the state's failure to adequately assess its potential environmental impacts. (OE)
Japan rebuffed Bessent's request to cease Russian energy imports. (OP)
The Department of Energy unveiled the Fusion Science and Technology Roadmap, aiming to deliver commercial fusion power to the grid by the mid-2030s. (INN)
🌕 Crypto
⭐ Editor’s Pick: Bitcoin faces dire quantum computing threats that could undermine its cryptographic security, requiring proactive upgrades to safeguard its future, venture capitalist Nic Carter argues. (MUR)
Solana co-founder Anatoly Yakovenko launched Percolator, a decentralized perpetuals exchange with CEX-level speeds, challenging Hyperliquid. (CN)
Coinbase acquired a $25 million NFT to revive the UpOnly podcast, with CEO Brian Armstrong confirming the purchase to launch a new season. (CT)
Gemini unveiled a Solana-themed edition of its Mastercard credit card, enabling users to earn up to 4% back in SOL tokens on purchases. (TB)
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TECH
💻 Study: "Revolutionary" Bionic Chip Cures Blindness

(Credit: Eren Li/Pexels)
The Scoop: A groundbreaking clinical trial has restored reading ability in patients with dry age-related macular degeneration (AMD) using the PRIMA eye implant, a “revolutionary” wireless microchip paired with augmented reality glasses, marking a new era in artificial vision, NBC News reports.
The Details:
The PRIMA system, developed by Science Corporation, features a 378-cell photovoltaic microchip implanted under the macula to replace damaged retinal cells, converting infrared light patterns into electrical signals for the brain to interpret as vision.
In a European trial involving 38 patients with central vision loss, 84% regained the ability to read letters, numbers, and words, including five lines on a vision chart, after months of training with the device.
The microchip implantation takes less than two hours, with a month-long recovery before activation. Patients use AR glasses and a handheld computer to process visual data, enabling tasks like reading and navigation.
What’s Next: The findings, published in the New England Journal of Medicine, offer hope for the million Americans with geographic atrophy. Further studies and refinements could expand access to this technology, potentially transforming the quality of life for AMD patients worldwide.
Tech Roundup
🧠 AI
⭐ Editor’s Pick: Tech billionaires are pouring tens of millions into AI-driven smart homes that anticipate residents' needs, automate chores from lighting to meal prep. (DM)
OpenAI pledged to strengthen safeguards against deepfakes generated by its Sora 2 video model after actor Bryan Cranston and SAG-AFTRA protested unauthorized clips mimicking his likeness. (CNET)
AI system ByteTrack analyzes children's eating patterns from video to predict obesity risk with 71% accuracy, enabling targeted interventions. (NM)
Adobe unveiled AI Foundry, a bespoke generative AI service that trains custom models on clients' own intellectual property, enabling brands to scale content creation safely while adhering to unique aesthetic guidelines. (ZDNT)
OpenAI investor Reid Hoffman praised Anthropic as a responsible AI player, sparking a clash with Trump AI adviser David Sacks, who criticized the startup for regulatory fear-mongering. (CNBC)
🤖 Hardware & Robotics
⭐ Editor’s Pick: North Carolina State University’s breakthrough 3D-printed origami robots, equipped with magnetic “muscles,” can crawl inside the body to deliver medicine. (IE)
Fresh Del Monte Produce is piloting AI-powered Servi robots from Bear Robotics in three suburban Chicago Jewel-Osco stores to autonomously sell bananas. (CHI)
University of Maryland researchers are equipping Boston Dynamics' Spot robot dog with AI to autonomously evaluate casualties in emergencies. (WTOP)
Logan Arcade in Chicago's Logan Square has become the unlikely home to the Biscuits, the world's only robot dog house band. (TO)
Automation and AI are reshaping the Philippines' offshoring sector by generating skilled tech roles for Filipinos to remotely oversee robots in Japan. (ROW)
🚀 Defense & Space
⭐ Editor’s Pick: China accused the National Security Agency of a prolonged cyberattack on the country's critical timekeeping infrastructure. (CS)
A private contractor's 20-foot manned aerial craft, featuring four wings and erratic flight patterns, may explain the November 2024 drone and UFO sightings over New Jersey. (NYP)
U.S., China, and Russia are testing weapons to attack satellites and interfering with orbits, showing real space warfare is already happening. (SP)
Russian troops in Ukraine's Kharkiv region surrendered to a Ukrainian land drone packed with 138 pounds of explosives after weeks of defense. (WAPO)
💰Venture Capital
⭐ Editor’s Pick: OpenEvidence, an AI chatbot developer for medical professionals featuring ad-supported models, raised $200 million at a $6 billion valuation in a round led by Google Ventures. (NYT)
LangChain, the early AI darling behind open-source tools for LLM applications, secured $125 million in Series B funding led by IVP to reach a $1 billion valuation. (FOR)
AI enterprise platform Nexos raised €30 million ($35 million) in Series A funding co-led by Index Ventures and Evantic Capital. (TC)
Y Combinator alum Cercli, an AI-native HR and payroll platform for MENA businesses modeled on Rippling, raised an oversubscribed $12 million Series A led by Picus Capital. (TC)
FREEDOM
🇯🇵 Conservative Sanae Takaichi Makes History as Japan’s First Female Prime Minister

(Credit: TRT/Screenshot)
The Scoop: Sanae Takaichi is set to become Japan’s first female prime minister after securing a coalition with the Japan Innovation Party (JIP), replacing Shigeru Ishiba in a parliamentary vote on Monday, the Japan Times reports. A conservative, Takaichi opposes same-sex marriage, separate surnames for married couples, and supports male-only imperial succession.
The Details:
Takaichi’s leadership follows a three-month political vacuum triggered by the Liberal Democratic Party’s (LDP) electoral losses and the departure of its long-standing coalition partner, Komeito.
The new coalition holds a minority in parliament, requiring support from other opposition groups to pass legislation.
Takaichi faces immediate challenges, including rising prices, economic stimulus demands, and diplomatic tests with President Donald Trump and regional summits. Her policies emphasize short-term economic relief.
What’s Next: Takaichi’s Cabinet is expected to launch immediately, with a policy speech planned later this week. She must navigate a fragile coalition, align economic policies with JIP’s fiscal conservatism, and prepare for high-stakes talks with Trump, who may demand increased Japanese military spending.
Freedom Roundup
🏛️ Policy & Culture
⭐ Editor’s Pick: U.S. Bible sales surged 36% to 2.4 million units in September—the year's highest—following the assassination of Charlie Kirk. (WSJ)
British comedian Graham Linehan was cleared of charges after his Heathrow Airport arrest in connection to his social media posts that were critical of transgender people. (RTN)
DEI professionals, once in high demand, are facing vanishing job opportunities as companies like Amazon, McDonald's, and Goldman Sachs scale back programs. (BBG)
Piers Morgan declared "woke culture" on its last legs after convincing people "black is white, green is blue, men are women," while teasing a potential run for prime minister. (LES)
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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.