US motor vehicle sales drop in October as EV subsidies expire

A potential government shutdown next week could lead to the closure of certain airspace in the United States, raising concerns about mass chaos in air travel. This situation is critical as it could disrupt flights, affect travelers, and create significant operational challenges for airlines and airports. The implications of such a shutdown extend beyond just inconvenience, potentially impacting the economy and safety in the aviation sector.

In an exciting development for the weight loss industry, Novo Nordisk and Pfizer are intensifying their bidding war for the US start-up Metsera. A US judge has decided not to intervene, stating that the ongoing competition is beneficial for Metsera's stockholders, which highlights the potential value and innovation in the weight loss sector. This situation not only reflects the growing interest in effective weight management solutions but also underscores the competitive landscape among major pharmaceutical companies.

In his first budget, Canadian Finance Minister Carney outlines ambitious plans for generational investments aimed at strengthening the economy amid ongoing trade tensions with the U.S. This budget is significant as it not only addresses immediate economic challenges but also sets the stage for long-term growth, reflecting a commitment to innovation and sustainability. Carney's approach signals a proactive stance in navigating complex trade relationships, which is crucial for Canada's economic resilience.

This year, America's wealthiest billionaires saw their fortunes swell by a staggering $698 billion, while the average home gained just $83,000. This stark contrast highlights the growing wealth gap, which could widen even further due to President Trump's tax policies, job shortages, and the threat of a recession. It's a concerning trend that raises questions about economic fairness and the future stability of the middle class.

The median age of first-time homebuyers in the US has reached a record-high of 40, highlighting the challenges many Americans face in achieving homeownership. With soaring prices and rising mortgage rates, more people are finding it difficult to enter the housing market, which could have long-term implications for the economy and individual financial stability.

Norma Group's Q3 2025 earnings call revealed a concerning decline in sales, leading to a drop in stock prices. This downturn is significant as it reflects broader challenges the company may be facing in the market, impacting investor confidence and future growth prospects.

Marathon Petroleum, a major US refiner, has reported disappointing earnings, missing profit estimates due to increased turnaround costs. This news is significant as it highlights the challenges faced by the refining sector, particularly in managing operational expenses. Investors and analysts will be closely watching how the company plans to address these cost issues moving forward.

U.S. natural gas futures have eased after a recent rally driven by expectations of colder temperatures. This shift is significant as it reflects the volatility in energy markets and the impact of weather forecasts on commodity prices, which can influence both consumers and producers.

The ongoing debate over SNAP funding has created significant anxiety among recipients, retailers, and food banks, as the possibility of suspended or delayed payments looms. This situation is critical because it affects millions who rely on these benefits for their daily sustenance, highlighting the urgent need for a resolution to ensure food security for vulnerable populations.

A historic restaurant group with 115 years of service has filed for Chapter 11 bankruptcy, highlighting the ongoing challenges in the seafood industry. The high costs of sourcing and shipping seafood have made it difficult for many establishments to thrive. This situation not only affects the employees and owners but also reflects broader economic pressures on the restaurant sector, particularly for those specializing in expensive ingredients.

The recent proposal by Policy and Resources to increase fuel duty by 4.3% has faced significant opposition and ultimately failed. This decision is crucial as it directly impacts consumers and businesses, potentially leading to higher transportation costs and affecting the overall economy.

COP30 President Andre Correa do Lago expressed his views on the absence of the American government at the upcoming COP30 summit in Brazil. He noted that while the US economy will still be represented through businesses and universities, he would have preferred a direct government presence. This highlights the ongoing discussions about the role of government versus private entities in addressing climate change, making it a significant point of consideration for the summit.

David Bookbinder has stepped down from representing Boulder County, Colorado, in its ongoing climate lawsuit against Suncor Energy and Exxon Mobil. This change in legal representation could impact the county's strategy and approach in the case, which is significant as it addresses the pressing issues of climate change and corporate accountability.

Embraer has reported earnings that exceeded expectations by $0.16, along with revenues that topped estimates. This positive financial performance highlights the company's strong market position and effective management strategies, which are crucial for attracting investors and boosting confidence in the aerospace sector.