- Riyadh-based BNPL startup Tabby completes a secondary share sale of existing shareholders' stakes, valuing it at $4.5B ahead of a possible IPO (Reuters)
- EU officials are scrambling to resolve a growing trade clash with China over rare earths and chips, as the bloc gets caught between Beijing and Washington (Financial Times)
- NXP reports Q3 revenue down 2% YoY to $3.17B, vs. $3.16B est., automotive revenue flat YoY to $1.83B, and expects above estimates Q4 revenue of $3.20B to $3.40B (Juby Babu/Reuters)
- Meta and TikTok say they will comply with Australia's under-16 social media ban, taking effect on December 10, but warn the landmark law may be hard to enforce (Agence France-Presse)
- Grokipedia, a Grok-powered online encyclopedia, launches with over 885K articles; Elon Musk has touted it as a less biased alternative to Wikipedia (Washington Post)
- Sources: the Netherlands took control of Nexperia over fears its ex-CEO Zhang Xuezheng was dismantling its European operations and moving production to China (Toby Sterling/Reuters)
- A US judge decertifies a class action that accused Apple of monopolizing the market for iPhone apps, citing errors in the plaintiffs' damages model (Jonathan Stempel/Reuters)
- PayPal and Bilt, which offers rewards points for rent payments, say Bilt customers will be able to use Venmo to make rent and mortgage payments starting in 2026 (Paige Smith/Bloomberg)
- Chegg plans to cut 388 roles, or about 45% of the workforce, citing the "new realities of AI", and says executive chairman Dan Rosensweig returns as CEO (Vallari Srivastava/Reuters)
- Toronto-based Wealthsimple, an online investment management service, raised CA$750M co-led by Dragoneer and GIC at a post-money valuation of CA$10B (Josh Scott/BetaKit)
- NextEra Energy and Google sign a 25-year power supply deal, which includes restarting the 615MW Duane Arnold nuclear plant in Iowa, shut down in 2020 (Vallari Srivastava/Reuters)
- Sources: Forge Global, a leading platform for trading stakes in private startups, is exploring a sale, after its stock fell 90% since its 2021 IPO (Financial Times)
- A look at Anthropic's success with corporate AI, which makes up ~80% of its revenue; a July report put its enterprise API market share at 32% vs. OpenAI's 25% (Asa Fitch/Wall Street Journal)
- OpenAI urges the US to commit to building 100GW of new energy capacity each year to stay ahead of China in AI, and says "electrons are the new oil" (Ashley Capoot/CNBC)
- Sources: SAP is considering a new bid for software company BlackLine, after its previous offer of $66 per share, or nearly $4.5B, was rejected in June (Milana Vinn/Reuters)