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November 2, 2025, 3:25 PM
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Hadriana Lowenkron / Bloomberg:
The White House says China has agreed to effectively end rare earth export controls issued in 2025 and 2022, and will also close probes of US chip companies  —  China will effectively suspend implementation of additional export controls on rare earth metals and terminate investigations targeting US companies …
James Shotter / Financial Times:
Israel unveils tax incentives to reverse tech brain drain that increased during the war in Gaza and tax breaks for investors in Israeli funds and tech firms  —  Measures aim to lure back high-skilled workers who moved abroad after 2023 war with Hamas  —  Israel has unveiled tax incentives …
David Jeans / Reuters:
Anduril conducts the first flight of its jet-powered unmanned drone, flying it “semi-autonomously”, as the US Air Force plans swarms of unmanned jet drones  —  Anduril's jet-powered drone flew for the first time on Friday, the company and the U.S. Air Force said …
Reuters:
Nexperia's China unit says it has “sufficient inventories” to sustain order fulfillment “through year-end and beyond”, after the parent suspended wafer supplies  —  Dutch chipmaker Nexperia's China unit said on Sunday that it had established “sufficient inventories …
@bg2pod:
Q&A with Sam Altman and Satya Nadella about the Microsoft-OpenAI partnership, OpenAI's restructuring and $100B revenue target for 2027, $3T AI buildout, more  —  BG2. All things AI w @sama & @satyanadella. A Halloween Special. 🎃🔥@bg2pod @altcap — (00:00) Intro (02:28) Microsoft's Investment in OpenAI (03:19) The Nonprofit Structure and Its Impact (05:46) Health, AI Security, and Resilience (07:50) Models, Exclusivity, and [video]
Nina Bambysheva / Forbes:
A profile of David Bailey, Trump's informal crypto advisor who organizes the Bitcoin Conference, as he seeks to turn a Utah health clinic into a bitcoin bank  —  Bitcoin Magazine publisher David Bailey believes he can turn a tiny Utah healthcare clinic into the Berkshire Hathaway of bitcoin.
Jackson Chen / Engadget:
An Italian law requiring porn sites, including Pornhub, YouPorn, and OnlyFans, to verify the ages of their users will go into effect on November 12  —  The age verification process is required for every visit and will be done through “certified third parties.”
George Steer / Financial Times:
Big Tech's dominance on the S&P 500 is becoming more extreme; the eight biggest tech stocks account for 60% of the gains since the market bottomed in April 2025  —  In a week when Nvidia's value reached $5tn, investors in even the broadest index of global companies are now heavily exposed to the AI boom
Austin Carr / Bloomberg:
Microsoft's AI tools still lag behind OpenAI's, as Microsoft struggles to create a cohesive AI experience and add new features by integrating OpenAI models  —  Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg's journalists around the world.
Financial Times:
Analysis: sports volumes on Kalshi approach $1B a week, with open interest in sports contracts regularly above $100M, significantly higher than other categories  —  Open interest in Kalshi sports contracts has surged past any other category as lawsuits threaten operations

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From Mediagazer

New York Times:
WaPo begins widespread layoffs, cutting into international coverage and more; sources: it is laying off 30% of its employees, including 300+ of 800 journalists

Todd Spangler / Variety:
Ex-WaPo Executive Editor Marty Baron says “this ranks among the darkest days in the history of” the paper; WaPo laid off Amazon beat reporter Caroline O'Donovan

Allie Canal / NBC News:
Trump says he will stay out of the Netflix-Paramount battle over WBD, a reversal from his December statement that he would be involved in the approval process

More News

Anatoly Kurmanaev / New York Times:
How the Venezuelan government is using crypto and stablecoins like USDT to manage the downturn; Venezuela sells most of its oil to China and is paid in crypto
Baris Balci / Bloomberg:
Turkish state media reports that Faruk Fatih Ozer, the former CEO of failed crypto exchange Thodex, has been found dead in his prison cell

Earlier Picks

Brian Steinberg / Variety:
ESPN plans to make its College Gameday telecast available on host Pat McAfee's X account, as Disney and YouTube TV continue to spar over a new carriage deal
Reuters:
Nvidia says it will supply 260K+ of its most advanced AI chips to the South Korean government and major companies, including Samsung, Naver, and SK Group
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