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What you’ll read?

• Robinhood Launches Margin Investing in the U.K. After Regulator Approval

• Fed Rate Cuts Signal Potential Rebound for Commercial Real Estate

• Today in AI & Tech

• Cuban Criticizes Musk’s Voter Giveaway

  and more…

BUSINESS

Robinhood Launches Margin Investing in the U.K. After Regulator Approval.

Robinhood announced Monday it is launching margin investing in the U.K., allowing users to borrow cash against their assets to buy more securities. This move follows approval from Britain’s Financial Conduct Authority, as margin trading is rare and controversial in the U.K. due to its risks. The rollout comes after Robinhood introduced securities lending in the U.K. in September, with "competitive" interest rates on margin loans ranging from 6.25% to 5.2%.

Fed Rate Cuts Signal Potential Rebound for Commercial Real Estate

The Federal Reserve's recent rate cut is boosting optimism for commercial real estate, where stalled deals may pick up as borrowing costs decrease. Lower interest rates are expected to support property sales and refinancing, helping to reverse declines in value and transactions since the pandemic. Though not a quick fix, analysts believe this policy shift could pave the way for gradual recovery in the sector.

U.S. Stocks Pull Back from Record Highs Amid Market Pause

U.S. stocks dipped Monday, with the S&P 500 falling 0.5% and the Dow down 325 points after hitting record highs last week. Higher Treasury yields impacted rate-sensitive sectors like real estate, halting Wall Street's long rally. Investors remain optimistic, expecting the Federal Reserve's rate cuts to support further gains, though concerns over high stock valuations persist as more companies prepare to report earnings.

Musk's $1 Million-A-Day Giveaway Sparks Legal Concerns

Elon Musk announced a plan to award $1 million daily to registered voters who sign a petition for his pro-Trump PAC, aiming to drive voter turnout in swing states. Unveiled at an America PAC event in Pennsylvania, the initiative has raised legal questions, with experts warning it may violate federal election laws prohibiting payments for voter registration or voting. Pennsylvania Gov. Josh Shapiro expressed concern, urging law enforcement to investigate.

TECH

Today in AI & Tech

GE HealthCare Unveils AI Tool CareIntellect for Oncology to Streamline Cancer Diagnosis and Treatment

On Monday, GE HealthCare introduced CareIntellect for Oncology, an AI application designed to streamline the diagnosis and treatment process for cancer patients. The tool enables oncologists to quickly access a patient's history and disease progression, significantly reducing the time spent sifting through records. Additionally, it helps identify relevant clinical trials for patients, allowing oncologists to focus more on patient care. Set for a 2025 launch in the U.S., the app will initially target prostate and breast cancers, with plans for further AI integrations and additional CareIntellect applications in the future.

Apple's AirPods Pro 2 to Launch Hearing Test Features, Boosting Accessibility for Users with Hearing Loss.

Apple announced new features during a September event, set to be available through a free software update next week. The AirPods Pro 2 will offer a clinically validated hearing test and function as an over-the-counter hearing aid if necessary, along with built-in loud sound reduction capabilities. With over 1.5 billion people experiencing hearing loss globally, this move could boost sales of the $249 AirPods Pro 2. The hearing health features are user-friendly and can be set up at home, making them a cost-effective alternative to traditional hearing aids.

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Other

Exonerated Five Sue Donald Trump for Defamation Over False Claims in Debate.

Five men, known as the Exonerated Five, who were wrongfully convicted as teenagers in the Central Park jogger rape case, sued Donald Trump for defamation on Monday. The lawsuit claims Trump falsely stated during a debate with Kamala Harris that the men killed someone and pleaded guilty, which is demonstrably false. The suit alleges Trump’s statements continue a pattern of outrageous conduct and seeks over $75,000 in damages. The men were exonerated in 2002 after DNA evidence cleared them, and they previously settled a lawsuit with New York City for $41 million.

Boeing and Machinists’ Union Reach New Contract Deal, Strike May End Soon.

Boeing and its machinists’ union have reached a new contract proposal, potentially ending a monthlong strike that has disrupted aircraft production. The deal includes 35% wage increases over four years, a $7,000 signing bonus, and higher 401(k) contributions, with a ratification vote set for Wednesday. Acting U.S. Secretary of Labor Julie Su assisted in the negotiations.

Cuban Criticizes Musk’s Voter Giveaway, Praises Harris as Pro-Business Candidate Over Trump

Billionaire Mark Cuban said Vice President Kamala Harris is campaigning more against Elon Musk than Donald Trump, calling her the pro-business choice. Cuban criticized Musk’s $1 million-per-day voter giveaway as "innovative" but "desperate," though he predicted Harris could mend ties with Musk if she wins. Cuban argued Harris’ policies on taxes, healthcare, and immigration benefit small businesses, contrasting them with Trump’s proposals, including his mass deportation plan and reliance on tariffs, which Cuban called "insane" and harmful to the economy.

It's a Wrap!

Thank you for joining us in this journey through the latest updates and insights. Your engagement and support mean the world to us. We hope you found this newsletter both informative and inspiring. Stay tuned for more exciting news and stories in our next edition.

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Sarah