Axios

Estée Lauder's stock plummeted Thursday after the beauty company withdrew its fiscal year outlook and cut its dividend.

The big picture: The retailer is getting roughed up in China, saying "worsened consumer sentiment" there was the primary driver of its 5% quarterly decline in overall organic net sales.

The Biden administration is ratcheting up pressure on the Israeli government to meet a set of demands from the U.S. to address the humanitarian crisis in Gaza.

Why it matters: If Israel fails to fully implement the U.S. demands by Nov. 13, the U.S. could suspend its military assistance to Israel — a step the Biden administration has avoided so far but is gaining more support inside the State Department, according to a U.S. official.

Former President Trump stopped for a rally in the nation's most Hispanic state on Thursday, drawing a diverse crowd of enthusiastic Latino and Native American supporters.

Why it matters: The Trump campaign has been besieged in the last days of the 2024 election after his New York rally Sunday featured speakers spewing racist and sexist remarks echoing Nazi language, and the Albuquerque, N.M., visit gave the campaign a chance for a visual reset.

Israeli intelligence suggests Iran is preparing to attack Israel from Iraqi territory in the coming days, possibly before the U.S. presidential election, two Israeli sources tell Axios.

Why it matters: Israel and Iran have been engaged in an escalating tit-for-tat for weeks. Carrying the attack out through pro-Iranian militias in Iraq and not directly from Iranian territory could be an attempt by Iran to avoid another Israeli attack against strategic targets in Iran.

1. The trial against the confessed killers of Brazilian activist and Rio de Janeiro council member Marielle Franco started yesterday, six years after her murder.

• The state attorney's office is asking for a prison sentence of 84 years for the two former police officers accused of shooting Franco.
• Three others — one police chief and two politicians— were arrested earlier this year, accused of masterminding the killing.
• Franco was an renowned advocate against police violence and for Afro-Brazilians and housing rights.

2. Sandra Gutiérrez, the Bolivian district attorney in charge of a case against former President Evo Morales, said yesterday she's been receiving anonymous threats over the investigation.

Major congrats are in order for Nicole Op Den Bosch, who was recently promoted to vice president of operations and publisher for Pushkin Industries, an audio entertainment company!

• Nicole, a proud immigrant from the Dominican Republic, is overseeing content strategy, acquisition, development, production and operations in her new role.
• She started her career as a customer service rep for Audible.com in 2009 and joined Pushkin in 2022.

Felicidades, boss!

🎤 Please send us your pachanga nominations by filling out this form or replying to this email!

Latinos are in an uphill battle to keep seven of their congressional seats in Tuesday's election, but their number may rise via a crop of new candidates.

Why it matters: Latinos make up nearly 20% of the U.S. population but only 2% of all elected officials in the country, which limits their political power.

Israel's ultranationalist finance minister will sign on Thursday an extension authorizing financial correspondence between banks in Israel and the occupied West Bank for one more month only, the minister's spokesperson said.

Why it matters: The U.S. and other Western countries are worried Israel will cut Palestinian banks off from the Israeli financial system and cause an economic collapse in the West Bank that would destabilize the region even further.

U.S. political candidates can appeal to prospective voters until polls close, but that wasn't the case in most recent elections worldwide.

Why it matters: Swaying voters in the election's final homestretch could be crucial in the razor-thin race between former President Trump and Vice President Harris.

U.S. politicians talk a big game about changing the tax treatment of carried interest. But then they fold.

• Apparently it's not just an American condition.

Lost in the U.S. election drama: The next commander-in-chief will inherit new, alarming and worsening global threats.

• North Korean troops arrived near the Russia-Ukraine border, a major Chinese hack rattled U.S. intelligence agencies, Israel expanded its war in Lebanon and Canada accused India's second-most powerful man of ordering an assassination.

Why it matters: Major wars are raging on multiple continents, with adversaries moving closer together and key allies seemingly going rogue.

ALBUQUERQUE — Former President Trump heads to Albuquerque on Thursday to court Latino voters, push his plans to stop illegal immigration — and once again pitch his ideas with a state he's unlikely to win as the backdrop.

Why it matters: Trump's Halloween visit to the nation's most Hispanic state — where violence marked two of his rallies in previous campaigns — reflects his push to capitalize on Republicans' slight gains recently among Latinos, especially men.