Good morning.

The Fast Five → The product lists for US, China $30B tariff deal, Trump to roll back Biden-era fuel economy standards, Jury: Apple owes record $5.7B in patent case, foreign investors buy into US equities at record rate, and Big Tech's AI bill is so big it's reshaping the bond market…

📌 ONE Stock to buy before the Midterms →
(from The Stansberry Research)

  • Today:
    None watched

  • Tomorrow:
    CB Consumer Confidence, 10A
    JOLTS Job Openings, 10A

Your 5-minute briefing for Monday, September 28:

BEFORE THE OPEN

As of market close 9/25/2026. Bitcoin as of 9/27/2026.

Pre-Market:

Market Wrap:

  • Futures: Dow -97 (-0.2%), S&P -0.2%, Nasdaq -0.2%

  • Week: Dow +0.3%, S&P +1.2%, Nasdaq +2.1%

  • Oil climbed as U.S.-Iran tensions remained elevated

  • Brent rose above $105, while WTI topped $93

  • Tech stocks led last week’s market gains

  • Treasury yields remain near multiyear highs

  • Focus shifts to PCE Wednesday and Friday’s jobs report

EARNINGS

None watched today. Full earnings calendar »

The Midterm Election Trade Wall Street
Isn't Talking About

The man CNBC dubbed "The Prophet" believes the 2026 midterm elections could create a major wealth-creation opportunity for investors who position themselves early enough.

While many investors may wait until the results are in, Whitney Tilson believes the biggest opportunity could come BEFORE Election Day.

That's why he's showing you how you can position your portfolio ahead of what could be one of the most important market catalysts of the year.

- A sponsored message from Stansberry Research -

HEADLINES

China said tariff reductions would take place simultaneously after fulfilling procedures required in domestic law.

  • Stock futures slip after winning week on Wall Street (more)

  • The 10-year Treasury yield is at its highest in nearly two decades (more)

  • Iran says won’t soften demands as Trump rejects Hormuz offer (more)

  • Trump set to roll back Biden-era auto fuel economy standards (more)

  • US Fed plans to raise bank oversight thresholds (more)

  • Trump confirms meeting with Anthropic's Amodei (more)

    • Bill Gates joins calls for AI safeguards, including legislation (more)

  • China weighs allowing ByteDance, Alibaba to buy new Nvidia chips (more)

  • Foreign investors buy into US equities at record rate (more)

  • Oil gains over 1% as Trump rejects Iranian proposal to reopen Hormuz (more)

  • US jury says Apple owes record $5.7B in patent case (more)

  • Tesla finally moves to electrify trucking (more)

  • Paramount Skydance to move stock listing to NYSE from Nasdaq (more)

  • UBS considers an exit from Switzerland (more)

  • Debt-hungry AI companies face increased risk as bond yields spike (more)

DEALFLOW

M+A | Investments

  • Databricks acquires enterprise spreadsheet startup Row Zero

  • Adlib agrees to acquire insurance AI startup Paperbox

  • Priority Technology agrees to $1.6B take-private led by its chairman, CEO

  • Geely to buy 30% stake in rival Nio's battery-swapping unit

  • Aligned Modern Health receives investment from Arcventis Health Partners

  • ION PT Network receives investment from 5th Century Partners

VC

  • Solcoa Industries, a rare earth metals producer, raised $75M in funding

  • HIFI, a fintech and stablecoin infrastructure platform provider, raised $37M in Series A funding

  • Mesa Quantum, a chip-scale quantum sensing platform, raised $11.8M in funding

  • Snag, a housing marketplace platform, raised $4M in Seed funding

  • Axio BioPharma, a platform connecting pharma companies and their manufacturing partners, raised $2.4M in Pre-Seed funding

  • Dash Dog Food, a premium fresh and frozen companion animal nutrition brand, raised $1.5M in Seed funding

  • Redefine Surgery, a medical tech company building physical AI for surgery, closed a Pre-Seed round bringing total capital raised to $10M

CRYPTO

  • US appeals court rules against Kalshi, says states can regulate (more)

  • Binance deal gives Circle a boost in stablecoin race with Tether (more)

  • How months of work on the Clarity Act all fell apart (more)

BULLISH BITES

💥 How to know when the AI boom is about to go bust.

👀 Stocks are defying surging bond yields—here’s what history says comes next.

🎥 China fuels rush to turn AI video into an industry.

💸 Free trials are costing Americans $540 a year, on average.

DAILY SHARES

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