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Here’s your must-read news this morning:

I’ve got all the details for you, so let’s dive in.

NOTE: There will be no newsletter Tuesday and Wednesday and will resume Thursday.

— Josh

MARKETS

💰 Trump Imposes $100,000 Fee on New H-1B Visa Petitions

(Credit: Tia Dufour/White House)

The Scoop: The Trump administration has introduced a $100,000 fee on new H-1B visa petitions, effective Sunday, as part of efforts to ensure the program prioritizes high-skilled, high-wage workers and protects U.S. labor markets.

The Details:

  • The fee applies solely to new petitions in the upcoming H-1B lottery and excludes renewals or re-entries for current visa holders, with case-by-case waivers available for hires deemed in the national interest, such as those in critical technology sectors.

  • Major employers, including Microsoft, Amazon, and Goldman Sachs, have issued guidance to H-1B staff on travel considerations, reflecting routine precautions amid the policy transition.

  • The executive order directs the Departments of Labor and Homeland Security to develop verification protocols and revise prevailing wage guidelines, focusing approvals on applicants offering competitive compensation.

What’s Next: Companies may adjust hiring strategies to emphasize domestic talent or higher-wage foreign hires, potentially influencing global mobility patterns, as the policy seeks to balance innovation with labor protections through 2026 and beyond.

Market Roundup

🏦 Economy & Industry

  • Editor’s Pick: The Senate voted against a GOP-backed stopgap funding bill, heightening the risk of a government shutdown after September 30 as Democrats demanded additional healthcare subsidies. (RTS)

  • Trump will sign an executive order later this week greenlighting the TikTok deal framework, averting a forced U.S. divestiture by ByteDance. (WSJ)

  • Egypt’s richest man, Nassef Sawiris, plans to invest up to $50 billion in U.S. infrastructure projects. (FT)

  • U.S. officials are mulling a Trump-branded website to let patients buy discounted prescription drugs directly from manufacturers in a bid to slash prices. (BBG)

  • Disney+ and Hulu cancellation pages crashed amid a torrent of subscriber defections spurred by ABC affiliates Nexstar and Sinclair pulling "Jimmy Kimmel Live!" from their lineups. (BN)

  • Trump Media & Technology Group plans to launch five "Truth Social Funds" ETFs focused on America-First themes like domestic brands, defense, energy, and red-state real estate. (FBN)

🛢️ Energy & Commodities

  • Editor’s Pick: ExxonMobil and Chevron are aggressively expanding their LNG trading in Europe with new 7 million-ton annual supply pacts each. (OP)

  • Mexico confirmed a new case of New World screwworm in Sabinas Hidalgo, Nuevo Leon—less than 70 miles from the U.S. border. (USDA)

  • Spot gold touched a fresh record high of $3,711.55 an ounce, rising 0.7% to $3,709.29 as investors ramped up bets on two more rate cuts in October and December. (RTS)

  • Bank of America forecasts nuclear power evolving into a $10 trillion industry to combat global electricity shortages fueled by AI data centers and electrification. (YF)

🌕 Crypto

  • Editor’s Pick: European Union finance ministers endorsed a roadmap for the digital euro that would empower them to set individual holding limits. (TB)

  • BitGo, the digital-asset custodian safeguarding $90.3 billion for institutional clients, filed for a U.S. initial public offering. (CN)

  • Coinbase CEO Brian Armstrong outlined plans to transform the crypto exchange into a "super app" rivaling banks. (CT)

  • Metaplanet vaulted into the ranks of the fifth-largest publicly listed Bitcoin holders by snapping up 5,419 BTC for $632.53 million, pushing its total stash to 25,555 coins valued at $2.71 billion. (CD)

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TECH

💻 Report: Trump To Sign Order Approval TikTok Deal This Week

(Credit: Anton/Pexels)

The Scoop: The Trump administration and ByteDance have outlined a preliminary agreement for TikTok's U.S. operations, enabling continuity under American-led ownership without a new app download. President Donald Trump plans executive order approval this week, extending the deadline by 120 days, a White House official told the Wall Street Journal.

The Details:

  • Oracle and Silver Lake-led investors would control about 80%, with ByteDance below 20% to satisfy national security rules.

  • ByteDance would license and retrain its algorithm under Oracle and government oversight.

  • Oracle would secure data for 170 million U.S. users, blocking Chinese access, while the government expects a multibillion-dollar facilitation fee; the seven-member board limits ByteDance to one non-security vote.

What’s Next: Finalizing investors, legal steps, and Chinese approvals could extend into 2026. The deal seeks to resolve security issues under the 2024 law while preserving TikTok's innovation role, amid ongoing congressional scrutiny.

Tech Roundup

🧠 AI

  • ⭐ Editor’s Pick: Researchers unveiled the world's first fully AI-designed viral genome, engineering bacteriophages that precisely target and destroy antibiotic-resistant E. coli strains. (FP)

  • OpenAI tapped Luxshare, a major assembler for Apple devices, to manufacture a prototype pocket-sized AI consumer gadget that integrates deeply with its models. (TI)

  • Animeta launched an AI film studio to generate scalable, high-quality promotional videos that blend human creativity with advanced generative models. (VAR)

  • A 28-year-old woman is mourning her so-called 10-day AI chatbot “romance” forged via DeepSeek as a "cyberspace widow" after memory limits erased their conversations. (MP)

🤖 Hardware & Robotics

  • ⭐ Editor’s Pick: Israel's military ramped up the use of remote-controlled, explosive-laden armored robots to autonomously demolish terror infrastructure in Gaza. (IN)

  • China unveiled the world's largest known radiation-proof robot, dubbed Kuafu, for servicing nuclear fusion reactors. (SCMP)

  • Abu Dhabi and Nvidia unveiled the Middle East’s inaugural Nvidia AI Technology Center, a collaborative robotics and next-generation AI research hub. (KI)

  • MEIKO Group unveiled a dishwashing robot that employs robotic arms to autonomously pre-clean soiled dishware before loading it into industrial washers. (TH)

🚀 Defense & Space

  • ⭐ Editor’s Pick: The Trump administration plans to seek congressional approval for nearly $6 billion in new arms sales to Israel. (WSJ)

  • Lockheed Martin's Skunk Works unveiled Vectis, a large reusable stealth autonomous drone boasting best-in-class survivability, targeting a first prototype flight by late 2027. (BD)

  • Earth’s next mini-moon, brimming with rare metals such as platinum, cobalt, iron, and gold, could yield trillions in value. (SP)

  • Radia is repurposing its colossal cargo plane, designed to boast 10 times the volume of a Boeing 777, for U.S. military use, aiming to transport up to six Chinook helicopters or four F-35 jets at once. (BI)

💰Venture Capital

  • ⭐ Editor’s Pick: Cardless, the co-branded credit-card issuer partnering with Coinbase and Bilt Rewards, raised $60 million in a growth round led by Spark Capital. (BBG)

  • ANYbotics raised over €127 million ($206 million) to scale its world's first explosion-proof quadruped robot for autonomous inspections in oil, gas, and mining. (EUS)

  • Tide, the neobank serving 1.6 million micro and small enterprises—half of them in India—raised $120 million in a funding round led by TPG, lifting its valuation to $1.5 billion. (TC)

  • Mycroft, a startup offering agentic AI to automate security and compliance for B2B SaaS firms, secured a $3.5 million all-equity seed round led by Luge Capital. (BETA)

FREEDOM

🇺🇸 Lip Reader Decodes What Trump and Musk Discussed in Reunion at Charlie Kirk's Memorial

(Credit: Turning Point USA/YouTube Screenshot)

The Scoop: President Donald Trump and Elon Musk reconciled publicly at conservative activist Charlie Kirk's memorial service on Sunday at Arizona's State Farm Stadium, shaking hands amid over 60,000 mourners months after their high-profile dispute.

The Details:

  • Lip reader Nicola Hickling told Daily Mail that Trump greeted Musk with "How are you doing?" and "I've heard you wanted to chat," proposing they "get back on track" as Musk nodded; Trump concluded with "I've missed you" while shaking his hand.

  • Musk shared a photo on X of him with Trump with the caption, “For Charlie.”

  • Speaking to Norwegian media, the world’s richest man called Kirk a “man of peace” and said he was killed by “the dark” because he brought “the light.”

  • Their feud erupted in June when Musk criticized the One Big Beautiful Bill Act and alleged Trump was in the Epstein files before deleting the post.

  • Trump responded by floating a review into government contracts held by Musk’s SpaceX.

  • Musk threatened to launch a third party, the America Party, but has since reportedly pumped the brakes on the plan.

What’s Next: The reconciliation positions Musk to bolster Trump's policy priorities, including regulatory reforms, while potentially ramping up financial backing for GOP candidates in the 2026 midterms through expanded super PAC efforts.

Freedom Roundup

🏛️ Policy & Culture

  • Editor’s Pick: The State Department formally shuttered the rebranded Global Engagement Center following domestic censorship during the 2020 election. (RTN)

  • Texas A&M University president Mark Welsh resigned amid backlash over his initial reluctance to fire a professor's classroom lessons on gender identity in children's literature. (CF)

  • A coalition of 17 Republican state attorneys general warned university presidents against exploiting the assassination of Charlie Kirk to curtail free speech. (FOX)

NOTE: There will be no newsletter Tuesday and Wednesday and will resume Thursday.

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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.

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