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Good Afternoon. From Dubai students inventing AI airbags for planes to shoppers trimming holiday budgets, todayโ€™s stories are all about people reshaping markets in big and small ways. Some save money, some save lives and most just want their coffee to be cheaper. Letโ€™s get into it.

โ€”Rosie, Wyatt, Evan & Conor

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๐Ÿ” Section Focus

๐Ÿ”ฅ Whatโ€™s Hot: ๐Ÿ”ฅ

  • Teslaโ€™s Momentum: Tesla stock is back in the fast lane, breaking past $390 as traders bet on tax-credit-fueled sales and robotaxi approvals.

๐Ÿฅถ Whatโ€™s Not: ๐Ÿฅถ

  • Holiday Cheer?: According to PwCโ€™s 2025 Holiday Outlook, consumers are planning their steepest seasonal spending cuts since 2020. Retailers may need Santa-sized discounts to move inventory.

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๐Ÿ‡บ๐Ÿ‡ธ U.S. News

1. Tesla Stock Surges as Robotaxi Expansion Gains Steam

The News: Tesla shares jumped over 6.0% Friday, extending a two-day rally that lifted the stock above $390 for the first time since February. The move outpaced the S&P 500 and Dow, driven by optimism around rate cuts, technical trading momentum, and anticipation of stronger Q3 sales before the $7,500 EV tax credit expires at monthโ€™s end. Adding fuel, Tesla secured approval to test its robotaxis on public roads in Nevada, its third state after Texas and California, marking a key step toward Elon Muskโ€™s goal of covering half the U.S. population by year-end.

Why It Matters: The rally underscores how Tesla is trying to turn political headwinds and softening car sales into a mobility play, one where robotaxis could become as common as rideshares. For investors, itโ€™s a reminder that Teslaโ€™s stock trades on narrative as much as numbers. Short-term momentum comes from tax creditโ€“boosted demand and Fed rate cut bets, while the long-term thesis hinges on robotaxis and autonomy. Whether Nevada testing leads to commercial success remains to be seen, but the market clearly believes Musk still has more road to run.
Source: barrons.com

2. Coffee Prices Surge 20% on Tariffs and Droughts

The News: U.S. coffee prices have climbed more than 20% year-over-year, the steepest increase since the 1990s, with August alone seeing a 3.6% jump to $8.87 per pound. The spike follows President Trumpโ€™s new tariffs, 50% on Brazilian imports, 20% on Vietnam, 10% on Colombia, disrupting supplies from the worldโ€™s largest producers. Shipments from Brazil, which supplies a third of U.S. coffee, dropped 80% this summer. Companies like J.M. Smucker have seen coffee profits fall 22% and raised prices repeatedly, while cafes from New Orleans to New York are passing higher costs to customers.

Why It Matters: If youโ€™ve noticed your morning coffee got more expensive, youโ€™re not alone. For now, Starbucks may delay increases, but smaller roasters and chains have less cushion. For investors, tariffs and climate shocks are reshaping the $100B global coffee trade, squeezing margins for packaged brands while opening doors for other exporters outside of Brazil to gain share. Tariff exemptions could eventually ease pressure, but for now, Americaโ€™s caffeine habit is colliding with geopolitics, and itโ€™s costing more to stay awake. If prices get out of hand, keep an eye on tea sales as people look to get a cheaper caffeine fix.
Source: newsweek.com

3. California passes first-in-nation AI chatbot safety bill

The News: California lawmakers passed SB 243, a first-in-the-nation bill regulating AI โ€œcompanion chatbotsโ€ to protect minors and vulnerable users. The measure, now on Governor Gavin Newsomโ€™s desk, would take effect January 1, 2026 if signed. It bans chatbots from engaging in conversations about self-harm or sexual content, requires recurring reminders that users are talking to AI, and mandates annual transparency reports. Companies like OpenAI, Character.AI, and Replika could face lawsuits for violations, with damages up to $1,000 per infraction. The bill gained momentum after teen suicides linked to chatbot interactions.

Why It Matters: If you or someone you know is having suicidal thoughts or facing emotional distress, help is available, call or text 988, the U.S. Suicide & Crisis Lifeline. For everyday users, this could mean safer boundaries when chatting with AI companions, with systems forced to redirect vulnerable users toward crisis resources instead of deepening harmful conversations. For investors, the bill signals that AI regulation is no longer an abstract debate, itโ€™s arriving in concrete, state-level rules with legal and financial liability attached. California often sets the template for national tech policy, so this could foreshadow similar measures elsewhere. Companies betting on AI companionship as a growth driver will now need to balance engagement with compliance or risk being sued over every unsafe conversation.
Source: techcrunch.com

4. Holiday Spending Set for Biggest Cut Since 2020

The News: U.S. consumers plan to trim holiday budgets by 5% this year, the steepest cut since the pandemic, according to PwCโ€™s 2025 Holiday Outlook. Average planned spend: $1,552 per person. Gen Z is leading the pullback, slashing budgets by 23%. Deloitte projects holiday retail sales growth of just 2.9%โ€“3.4%, down from 4.2% last year, though e-commerce should remain strong at 7%โ€“9% growth. The restraint comes amid rising tariffs, cooling but uneven inflation, and consumer sentiment that just dropped to a four-month low of 55.4, well below economist expectations.

Why It Matters: This means holiday shopping will be more about stretching dollars than splurging, expect aggressive discounting, early promotions, like Black Friday in October, and heavier reliance on coupons and online deals. For investors, the retrenchment highlights how tariffs and economic uncertainty are reshaping retail: strong e-commerce players may gain, but brick-and-mortar chains that rely on seasonal sales could face margin pressure. Holiday sales normally account for nearly a fifth of annual retail revenue, so a slowdown here generates a big impact for these companies. While Santaโ€™s sleigh is looking a little lighter this year, hopefully you can cash in on some great deals.
Source: cbsnews.com

5. Gemini Soars 43% in Nasdaq Debut

The News: Gemini Space Station, commonly referred to as just โ€œGemini,โ€ the crypto exchange founded by Tyler and Cameron Winklevoss, surged 43% Friday in its Nasdaq debut under the ticker GEMI. Priced at $28 a share, the stock jumped to $40 after a brief volatility halt, raising $425M and valuing the firm at $3.3B, less than half its $7.1B 2021 peak. The IPO follows a wave of crypto listings fueled by surging bitcoin prices and political tailwinds, with Trump openly embracing digital assets. Despite strong trading volumes, $285B lifetime, Gemini has racked up losses of $320M in 2023, $159M in 2024, and $282M in the first half of 2025.

Why It Matters: Geminiโ€™s debut means another major exchange with deeper backing and retail access via apps like Robinhood and SoFi, potentially making crypto investing feel more mainstream. For investors, the IPO shows appetite for risk assets continues, even in companies with heavy losses, as the crypto boom and IPO market heat up in tandem. Whether Gemini sustains momentum depends on turning trading fees into profitability, but for now, Wall Street seems happy to bet that the Winklevoss twins can ride the bitcoin tide once more.
Source: wsj.com

๐ŸŒŽ World News

1. In surprise twist, Armaniโ€™s Will Paves Way for Sale of Fashion Empire

The News: Giorgio Armani, the iconic fashion designer who passed away on September 4 at 91, had fiercely resisted buyout offers for decades. Now itโ€™s come to light that Armaniโ€™s will directs heirs to sell major stakes in his โ‚ฌ5โ€“12B ($5.9โ€“14B) fashion house or pursue a stock market listing, ending the brandโ€™s long-held independence. Within 18 months, heirs must sell a 15% stake, followed by 30%โ€“54.9% within five years. The will prioritizes luxury giants LVMH, Lโ€™Orรฉal, and EssilorLuxottica as potential buyers, all existing commercial partners. The Fondazione Giorgio Armani, a non-profit organization, and his partner Pantaleo Dellโ€™Orco retain 70% voting control to safeguard the brandโ€™s creative vision.

Why It Matters: A sale could reshape Armaniโ€™s products, with potentially more collaborations, broader distribution, and higher prices if a luxury conglomerate like LVMH takes over. For investors, Armani represents one of the last great independent luxury houses, and consolidation could strengthen whichever buyer gains it in a slowing sector. With luxury sales expected to contract up to 5% this year, the acquisition of a globally revered brand could be both a defensive play and a long-term crown jewel. The era of the lone fashion king is over with Armaniโ€™s empire is set to join the houses of empire-builders like Arnault. Even In fashion, legends eventually get tailored into someone elseโ€™s portfolio.
Source: reuters.com

2. France Moves to Charge TikTok Over Child Safety

The News: A French parliamentary committee is urging prosecutors to criminally charge TikTok for โ€œendangering the livesโ€ of minors, after a six-month inquiry concluded the platform knowingly exposes children to harmful content. Lawmakers allege TikTok executives committed perjury in testimony and describe the app as a โ€œproduction line of distress.โ€ The report recommends 43 measures, including banning social media for under-15s, a โ€œdigital curfewโ€ for teens, and even creating a parental โ€œdigital negligenceโ€ offense. The Paris prosecutor will decide whether to pursue charges, which could set a European precedent.

Why It Matters: For parents, Franceโ€™s crackdown reflects growing concern about how much control social platforms have over kidsโ€™ mental health and whether algorithms amplify dangerous content. For investors, this marks a sharp escalation in regulatory risk for TikTokโ€™s Chinese parent ByteDance, already under scrutiny across the U.S. and EU. If France pushes ahead with criminal charges, other regulators may follow, raising compliance costs and potentially reshaping how platforms engage with users. If regulators succeed, TikTok may find its For You page increasingly filled with compliance paperwork.
Source: bbc.com

3. Dubai Students Design AI Airbag System for Plane Crashes

The News: Two engineering students in Dubai have developed Project REBIRTH, an AI-powered crash survival system designed to make plane crashes more survivable. Inspired by Juneโ€™s Air India Flight 171 tragedy, the system automatically deploys external airbags around an aircraft when a crash becomes inevitable below 3,000 feet. Simulations show the airbags can cut impact forces by more than 60%. The system also uses gas thrusters, reverse thrust, and impact-absorbing โ€œsmart fluidsโ€ in seats and walls to protect passengers. The invention is a finalist for the James Dyson Award 2025, with results due November 5.

Why It Matters: For travelers, Project REBIRTH offers a radical shift in aviation safety, preparing not just to prevent crashes, but to help people survive them. For investors, it highlights the potential of student-led innovation to disrupt a highly regulated, slow-moving industry like aerospace. If the technology proves viable, it could open new markets in retrofitting existing planes and reshaping global safety standards. Aviation has long chased โ€œzero crashes.โ€ This project suggests a parallel goal: making the rare crash less than a death sentence. The studentsโ€™ idea may never reach mass adoption, but if it does, the future of air travel could be measured not just in miles flown but instead, lives saved.
Source: jamesdysonaward.org

๐Ÿฅธ Dad Joke of The Day

Q: What do you call a dog magician?

A: A labracadabrador.

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๐Ÿ“– PMPยฎ Vocab Word of the Day

Budget at Completion (BAC):

The total approved budget allocated for completing a project.

โ€œThe BAC was set at $2 million, and any overruns required executive approval.โ€

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