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Top stories today:

1. Amazon revenue +13% to $143.1B in Q3, margins improve
2. SBF gives vague testimony without jury present
3. GDP +4.9% in Q3, better than 4.3% expected
4. OpenAI announces team to counter bio, nuclear threats
5. Israel: U.S. conducts 2 strikes in Syria, no ground invasion yet

0. Data and calendar

1. Amazon revenue +13% to $143.1B in Q3, as margins improve in all segments

Operating income jumped +4.4x to $11.2B, as margins improved overall

AWS revenue growth has stabilized at 12%

The stock is +5% in the pre-market

Read more: CNBC, Amazon earnings, Amazon slides

2. SBF gives vague testimony without jury present; judge to rule on jury testimony today

• Judge Kaplan wanted to hear SBF's testimony first himself, before ruling on what was admissible.

  • “Interesting way of responding to questions:” how the judge described Bankman-Fried.

• SBF was evasive, saying lawyers had approved most of his decisions, and casting blame on FTX's former chief regulatory officer Dan Friedberg. - Bloomberg's live feed

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4. GDP +4.9% in Q3, better than 4.3% expected

• GDP price index: 3.5% QoQ, vs. 2.5% expected, from 1.7% in the previous quarter. - BEA

5. OpenAI announces preparedness team to counter “chemical, biological, radiological, nuclear” threats

• Led by MIT professor Aleksander Madry.

• UK AI Safety Summit: this announcement was presented as a “contribution” to next week's summit. - Techcrunch, OpenAI

6. Israel: U.S. conducts 2 strikes in Syria as Israeli cabinet remains divided on ground invasion

• U.S. conducts 2 strikes in eastern Syria facilities linked to Iran.

• “Targeted raids” conducted for 2nd night: IDF.

• Israeli cabinet divided over how, whether to conduct Gaza invasion.

• Hamas: hostages won't be released before ceasefire.

• Iran: Hamas ready to exchange 200 civilian hostages for 6K prisoners.

  • Threatens U.S.: “will not be spared from these fires” if war continues.

• House to consider $14.5B Israeli aid bill separately from Ukraine's.

• 900 U.S. troops being deployed to Middle East (not Israel).

• 9 Arab countries condemn Israel's attacks on Gaza.

• Qatar, U.S. agree to revisit Qatar's relationship with Hamas.

• Qatar sentences 8 Indians to deaths, on charges of spying for Israel.

• DeSantis: we are sending drones, weapons, ammunition to Israel.

7. Anduril, Shield AI have optimistic growth projections, helping encourage defense VC

8. Disney Parks raise prices, offering luxury packages, increasing per-capita spending by 40% vs. pre-pandemic

9. How Taylor Swift $1B fortune is spread out

10. Interesting videos, posts, and memes

11. Other headlines

AI

• Google Maps gets AI-powered search updates, other features.

• KPMG spinout Cranium.ai raises $25M for AI security, trust.

• UK PM Rishi Sunak confirms AI Safety Institute.

Tech

• X will challenge Youtube, LinkedIn: Elon to staff.

• Huawei revenue +2% to $62.3B YTD.

• Uber testing self-driving Waymo cars in Phoenix.

• Cruise pauses all driverless robotaxis to “rebuild public trust.”

• WeWork creditors SoftBank, King St. fight for control, bankruptcy in Nov.?

• Intel revenue -8% to $14.2B in Q3, as adj. gross margin expands to 45.8%.

• Apple's Journal app available on iOS 17.2 Beta.

• Tesla raises Model Y's price in China by $2K, after series of cuts.

• Ford postpones $12B EV investment as customers not willing to pay premium.

• Sidebar is a leadership program that accelerates your career.*

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Tech & law

• UK approves law that critics say will prohibit E2E messaging.

• Meta ignores own ethics board's advice to take down drug posts.

• Apple Watch imports could be banned after U.S. patent ruling.

• Sundar Pichai to testify in U.S. v. Google on Monday.

Biotech

• HER4 gene in golden retrievers strongly correlated to longevity.

• BioAge announces Phase 2 trial of obesity drug azelaprag.

• Alzheimer's: more links to gut microbiome discovered in rats.

Business

• Yellen: “tremendous robustness” suggests rates “higher for longer.”

• Steve Cohen predicts “fake scare” recession, higher rates.

• Berkshire sued for allegedly changing accounting rules in $10B Pilot deal.

Crypto

• Solana Incubator launched by Labs to encourage startups.

• Taiwan introduces crypto regulatory bill.

• Ken Griffin denies claim it helped tank Do Kwon's Terraform.

U.S. politics

• Rep. Dean Phillips (D-MN) to challenge Biden in run for president.

• Navy's 12 new ICBM subs to cost $120B, from $100B original budget.

• Trump: prosecutors move against efforts to extend gag order pause.

• Blake Masters announces House run in AZ-8, after losing Senate race in 2022.

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World

• Former CCP premier (#2) Li Keqiang dies.

• U.S. journalist charged by Russia with foreign agent law, faces 5 years.

• Taiwan: pro-China parties seek alliance to beat pro-independence frontrunner.

• Russian military executing soldiers who don't follow orders: U.S.

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