JPMorgan announced Monday that it's planning a $1.5 trillion investment initiative aimed at bolstering sectors critical to the U.S. economy over the next decade, including up to $10 billion in direct equity and venture investments.
Why it matters: The announcement comes on the heels of President Trump's threat to impose 100% tariffs on Chinese goods in response to Beijing's expansion of rare earth export controls — one of the most heated exchanges since the trade war began.
Twelve people were killed, and at least 40 people were injured after shootings marred three different high school events in two states over the weekend.
The big picture: The shootings mark another devastating weekend in America, and underscore the pervasiveness of gun violence across the country.
An unusual and dramatic meeting last Wednesday between President Trump's envoys and Hamas leaders helped get the Gaza peace deal across the line, three sources with direct knowledge tell Axios.
Why it matters: One barrier to a deal was that Hamas leaders feared Israel would resume the war once its hostages were freed.
Smithsonian museums and the National Zoo closed Sunday due to the government shutdown, with their websites urging visitors to check back for updates on when they'll reopen.
The big picture: All of the Smithsonian's institutions, including its research centers, 21 museums and the National Zoo, are affected by the temporary closure. The zoo emphasized on its site that its beloved pandas and other animals "will continue to be fed and cared for."
When President Trump announced a new deal Friday to lower prescription drug costs, it was the clearest sign yet that he'd paused his commerce secretary's push to slap 100% tariffs on pharmaceuticals that aren't manufactured in the U.S.
Why it matters: Prescription drug policy and tariffs are big priorities of Trump's administration. But after the two issues collided in a conflicting series of White House messages recently, Trump set aside the tariffs idea, which could have made drugs more expensive for many Americans.
"Today is the last day I believe anything I see on the internet," X, TikTok and YouTube commenters joked on September 30, the day OpenAI released its Sora video app.
Why it matters: The latest version of Sora has unleashed a torrent of fake videos into the feeds of every place people scroll. The sophisticated, high-quality videos can make it hard to distinguish AI from real footage.
From viral leggings to Oreo lookalikes to counterfeit toys, dupes are reshaping retail and forcing brands — and courts — to react.
Why it matters: These cheaper products have exploded into mainstream shopping, driven by consumer hunger for lower prices, plus a heavy dose of social media hype.
