
Welcome back!
Here’s your must-read news this morning:
I’ve got all the details for you, so let’s dive in.
— Josh
MARKETS
Market Roundup
🏦 Economy
⭐ Editor’s Pick: An in-depth report detailing how Trump notched multiple major economic wins in his first year of a second term (BN)
An analysis dismantled a study claiming Americans bear 96% of U.S. tariff costs. (BN)
The Supreme Court will hear arguments Wednesday in a case testing Trump's authority to remove Fed Governor Lisa Cook. (FBN)
Trump signed an order blocking Wall Street from buying single-family homes. (INV)
Trump said he will issue a $2,000 “tariff dividend” without Congress. (TCS)
📈 Hot Stock Picks
⭐ Editor’s Pick: Bridgewater Associates added 10 new stock positions in its Q3 2025 13F filing. (IM)
Morningstar, citing long-term forecasts from firms including BlackRock and J.P. Morgan, recommended 10 undervalued stocks. (MS)
MarketBeat spotlighted five drone and defense stocks gaining major momentum in 2026. (MB)
The Motley Fool named FuboTV as the best pick to buy with $5 and hold for five years. (MF)
🏢 Industry
⭐ Editor’s Pick: Netflix revised its bid to all-cash $83 billion for Warner Bros. Discovery's assets, valuing WBD shares at $27.75. (NYP)
Wells Fargo will relocate its wealth management headquarters to West Palm Beach, Florida. (PBP)
GameStop will close 470 stores nationwide by month's end. (CBS)
Amazon will open its largest-ever physical retail store in Orland Park, Illinois. (WSJ)
🛢️ Energy & Commodities
⭐ Editor’s Pick: Japan restarted its largest nuclear plant 13 years after Fukushima. (OP)
Congo offered manganese, copper‑cobalt, and lithium assets to U.S. investors as part of a critical minerals partnership. (RTS)
Gold futures also climbed 2.4% to historic highs of $4,880.50/oz. (INV)
The U.S. military seized a seventh Venezuela-linked tanker operating in the Caribbean. (SOFX)
🌕 Crypto
⭐ Editor’s Pick: The Trump family added $1.4 billion in crypto-related assets to their fortune since inauguration. (BBG)
Bessent said all federally seized Bitcoin will be added to the Strategic Bitcoin Reserve. (BM)
Polymarket hit by fresh European crackdowns as Hungary, Portugal block access. (CT)
Mike Novogratz's Galaxy Digital is launching a $100 million hedge fund. (TB)
TECH
Tech Roundup
🧠 AI
⭐ Editor’s Pick: OpenAI is pitching advertisers on ChatGPT ads, with view-based pricing and initial commitments below $1 million. (TI)
xAI co-founder Greg Yang is stepping down from Elon Musk’s AI startup after a Lyme disease diagnosis. (BBG)
Thinking Machines Lab CEO Mira Murati sidelined and later fired co-founder Barret Zoph after learning of his undisclosed romantic relationship with a colleague. (WSJ)
OpenAI and ServiceNow struck a deal to integrate frontier models into ServiceNow’s platform, powering autonomous AI agents for IT, customer service, and operations. (WSJ)
Meta's Superintelligence Labs team delivered its first major AI models internally, with CTO Andrew Bosworth calling them "very good." (RTS)
Google DeepMind CEO Demis Hassabis said Chinese AI firms trail Western labs by about six months and called the response to DeepSeek's R1 a “massive overreaction.” (BBG)
Colleges are using AI to speed up admissions reviews, with Virginia Tech reporting its essay-scoring tool saved roughly 8,000 hours. (BBG)
🤖 Robots
⭐ Editor’s Pick: Engineers developed a robotic hand that can detach from its arm to crawl on its fingertips and grasp objects. (MSH)
Scientists developed an artificial nerve that could teach robots to “feel” pain. (CA)
Ford helps demonstrate how robots will work in tomorrow’s car factories. (TM)
Google DeepMind CEO Demis Hassabis said robotics is “on the cusp of a breakthrough moment in physical intelligence.” (BBG)
🚀 Defense & Space
⭐ Editor’s Pick: The Pentagon launched a $100 million prize challenge to develop "voice-controlled" drone swarms. (NGD)
Private German rocket Isar Aerospace will attempt a history-making launch today. (SP)
The next-generation M1E3 Abrams tank features a “Formula 1 cockpit” with a modular driver interface resembling an Xbox controller. (DN)
A U.S. Navy P-8 Poseidon flew a very rare Combat Air Patrol over Miami, providing overwatch for Trump. (TWZ)
💰Venture Capital
⭐ Editor’s Pick: Drone delivery startup Zipline raised more than $600 million in its latest funding round, led by Valor Equity Partners, reaching a $7.6 billion valuation. (RTS)
AI inference startup Baseten raised $300 million in its latest funding round at a $5 billion valuation, co-led by IVP and CapitalG. (SA)
Language learning platform Preply raised $150 million in Series D funding at a $1.2 billion valuation, led by WestCap. (AX)
Israeli startup DataRails, which provides financial planning and analytics software, raised $70 million in Series C funding led by One Peak at a $700 million valuation. (GL)
FREEDOM
Freedom Roundup
🏛️ Policy & Culture
⭐ Editor’s Pick: Australia’s Parliament enacted a broad new legal package targeting hate, sparking free speech concerns. (RTN)
Joe Lonsdale hosted Joe Gebbia, America's first Chief Design Officer, on his podcast to discuss digitizing federal retirement processes and modernizing thousands of .gov sites. (AO)
Kansas Senate President Ty Masterson introduced the KIRK Act, inspired by Charlie Kirk, to prohibit public colleges from discriminating against students based on political or ideological views. (KSN)
That's a wrap! You're officially caught up on all things tech, markets and freedom. Subscribe to CAPITAL below.
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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.




