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Top Overnight News
US President Trump posted that House Republicans should vote to release the Epstein files, via Truth Social.
Trump signaled support for Senate legislation to sanction countries doing business with Russia, potentially targeting major consumers like China and India. BBG
China slow-walks U.S. soybean purchases as stockpiles hit multi-year highs, undermining Trump’s trade deal claims. CNBC
China escalated tensions with Japan over PM Sanae Takaichi’s Taiwan remarks. The state broadcaster warned of “substantive retaliation” including sanctions and trade curbs as Beijing cautioned against travel to Japan. BBG
Japan moved on Monday to tamp down an escalating row with China over Taiwan that has prompted Beijing to urge citizens to halt travel to its East Asian neighbor. The dispute erupted after Prime Minister Sanae Takaichi told Japanese lawmakers this month that a Chinese attack on Taiwan threatening Japan's survival could trigger a military response. RTRS
New York Federal Reserve President John Williams met with Wall Street banks this week to discuss a key short-term lending facility: Reuters.
Trump administration officials, including Health Secretary Robert F. Kennedy Jr., discussed scaling back the role of FDA Commissioner Marty Makary; RFK Jr. also considered installing a new leader to manage the agency day to day: WSJ.
Japan’s economy shrank at an annualized rate of 1.8% in the latest quarter, as US tariffs hit exports and housing investment plunged ahead of a major stimulus package expected this month to boost the struggling economy. The decline in real GDP for July to September period was less severe than economists’ median forecast of 2.5%. FT
The euro-area economy will maintain its moderate expansion, with output rising 1.3% in 2025, 1.2% in 2026 and 1.4% in 2027, European Commission forecasts showed. Inflation is seen sticking close to the ECB’s 2% target over the next two years. BBG
The UK will today unveil proposals to make it easier to remove migrants with no rights to stay in the country. BBG
The Federal Aviation Administration said it would lift its flight restrictions related to the government shutdown, clearing the way for normal operations to resume at U.S. airports after weeks of delays and cancellations. WSJ
GOOGL +430bps pre mkt after regulatory filings show Berkshire Hathaway acquired 17.9 shares during 3rd quarter and ahead of release of Gemini 3.0 AI model which may arrive as soon as this week. BBG
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