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Friday, October 31, 2025

MORNING NEWS UPDATE: WEDNESDAY OCTOBER 31, 2025

 

 MORNING NEWS UPDATE: OCTOBER 31, 2025

U.S. NewsPoliticsWorld Affairs
  • Israel has broken a ceasefire by attacking Gaza, resulting in over 100 deaths, including many children, described as a "Groundhog Day" scenario.
  • Russia deployed a missile in Ukraine that prompted the U.S. to exit a nuclear treaty under Trump, according to Kyiv reports.
  • Remains of two hostages were returned to Israel, amid ongoing regional tensions.
  • Proposals to name hurricanes after fossil fuel companies highlight climate activism in global discussions.
  • US-China Trade Truce: Following a breakthrough meeting between U.S. President Trump and Chinese President Xi Jinping in South Korea, both sides agreed to ease some tariffs, resume soybean trade, and pause certain export restrictions for a year.

  • APEC Summit: Chinese President Xi Jinping took center stage at the Asia-Pacific Economic Cooperation (APEC) summit in South Korea, defending global free trade, while U.S. President Trump snubbed the major forum after his separate meeting with Xi.

  • Hurricane Melissa Damage: The death toll from Hurricane Melissa has risen to at least 49, with major destruction reported in Jamaica and Haiti.

  • UK Monarchy: King Charles III has reportedly stripped his brother, Prince Andrew, of his Prince title over the lingering fallout from the Jeffrey Epstein scandal.

Education
  • The government shutdown is providing schools with a preview of operating without the U.S. Department of Education, causing anxiety for educators.
  • The Daily Record released its 2025 Higher Education Power List, recognizing leaders shaping the future of academia.
  • The government launched an AI course, alongside free JEE Main 2026 crash courses, to boost tech education access.
  • Universities have been warned that self-testing 'rape kits' are unsafe for students, amid campus safety concerns.
  • AI and Higher Education: Northeastern University President Joseph E. Aoun outlined a roadmap for higher education in the age of Artificial Intelligence (AI) at a global summit, emphasizing that the university's role is to teach how to navigate the human aspects of an AI world.

  • Controversial Education Department Rule: The Trump administration set new rules advocates say allow the Education Department to politically punish groups working on issues like immigration and transgender care by barring them from loan relief programs.

  • Google and Amazon 'Project Nimbus' Report: A new investigation alleges that tech giants Google and Amazon violated their own terms of service in their $1.2 billion "Project Nimbus" contract with the Israeli government, which provides cloud computing and AI services.

Economy
  • U.S. stock markets declined, with the Dow Jones falling 0.2% and the S&P 500 dropping 1%, amid mixed earnings reports.
  • The Federal Reserve lowered interest rates but tempered expectations for further cuts, influencing global finance.
  • The government shutdown is estimated to cost the economy $14 billion, with lost productivity not fully recoverable.
  • Exxon and Chevron reported robust profits despite low oil prices, increasing production in the third quarter.
  • Stock Market Consolidation: Benchmark indices, like the Nifty, are showing a period of sideways consolidation, following a robust rally and amidst tracking developments on US–China and US–India trade negotiations. The US Federal Reserve recently delivered a second consecutive rate cut, bringing the federal funds rate down to 3.75–4.00%.

  • Global Layoffs: Global firms are laying off thousands of workers to reduce costs amidst economic pressures.

Technology
  • Big Tech companies like Google, Meta, Microsoft, and Amazon are accelerating AI spending, planning billions more despite bubble risks.
  • Key MarTech developments include announcements from Treasure Data, Amplitude, and Forethought.
  • FinTech highlights feature Fiserv, Monzo, Barclays, and Bunq in the week's top stories.
  • Tech stocks slid due to Meta's AI investments and upcoming Apple and Amazon earnings.
Health
  • Scientists successfully reversed Alzheimer's in mice using groundbreaking nanotechnology, offering hope for future treatments.
  • Dr. Casey Means' Senate confirmation for U.S. Surgeon General was postponed after she went into labor.
  • The Trump administration seeks to reinstate medical debt on credit reports, reversing Biden-era protections.
  • MSK research identified unique genetic signatures in non-European cancer patients and linked social adversity to health outcomes.
  • Cardiovascular Drug Data: Amgen announced that late-breaking results from the Phase 3 VESALIUS-CV clinical trial for Repatha (evolocumab}, a cholesterol-lowering PCSK9 inhibitor, will be presented at the American Heart Association Scientific Sessions. The drug met its primary endpoints, showing a significant reduction in major adverse cardiovascular events (MACE) in high-risk patients who have never had a heart attack or stroke.

  • Transgender Youth Healthcare: New proposals by the Trump administration's Department of Health and Human Services would dramatically restrict access to gender-affirming care for transgender youth by prohibiting federal Medicaid and CHIP reimbursement for patients under age 18 or 19.

  • Surgeon General Nominee: The Senate confirmation hearing for President Trump's Surgeon General nominee, Dr. Casey Means, was postponed after she went into labor with her first child.

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