General Wire — 1 October 2026

Business

Sourced from Bloomberg’s Evening Briefing Americas and Morning Briefing Americas.

Eli Lilly said combining its experimental drug eloralintide with Mounjaro helped people with diabetes lose as much as 23% of their weight, more than other medicines in similar studies. — Bloomberg

Bill Ackman plans to raise third-party capital at Howard Hughes Holdings as part of his push to turn the real-estate developer into a modern-day Berkshire Hathaway. — Bloomberg

Ken Griffin committed $3 billion to Carnegie Mellon University, the largest single gift ever. — Bloomberg

Economics

Sourced from Bloomberg’s Evening Briefing Asia and The Economist’s World in Brief.

China’s mortgage subsidies and targeted central-bank lending, its biggest stimulus in two years, look enough to secure the 4.5%–5% growth target but not to fix weak domestic demand. — Bloomberg

French inflation rose to 3% in September from 2.4% in August, its highest in more than two years, as the Iran war pushes up energy costs across Europe. — Bloomberg

The Economist argues the AI boom could deepen the rich world’s fiscal crunch, because even faster growth may not yield the tax revenue governments expect. — The Economist

Finance

Sourced from Bloomberg’s Evening Briefing Americas and Evening Briefing Asia.

Global government bonds finished their worst quarter since 2024 as $100 oil fed inflation fears, with the 30-year Treasury yield climbing to 5.64%, last seen in 2002. — Bloomberg

Foreign funds sold $2.1 billion of Indian equities and $1.1 billion of index-eligible bonds in September as surging oil and global yields hit the rupee and pushed the 10-year yield to a two-year high. — Bloomberg

Politics

Sourced from Bloomberg’s Evening Briefing Americas, Evening Briefing Asia and Breaking News alert, and The Economist’s World in Brief.

A Flydubai flight from Dubai to Tel Aviv diverted to Saudi Arabia after one pilot stabbed the other and tried to crash the plane, according to Israel’s prime minister, before passengers subdued him. — Bloomberg

A US trade court pressed the Trump administration on the thin evidence behind its forced-labour tariffs, its latest attempt at a global tariff regime after the Supreme Court struck down the first. — Bloomberg

The Fed’s internal watchdog found no evidence of criminal wrongdoing in the $2.4 billion renovation of the central bank’s headquarters, though it flagged numerous management deficiencies. — Bloomberg

Prime Minister Andy Burnham said he could campaign to take Britain back into the EU at the next general election. — Bloomberg

Tech / AI

Sourced from The Economic Times’ ET AI, The Economist’s World in Brief and Bloomberg’s Evening Briefing Asia.

The Federal Trade Commission opened a probe into OpenAI, Anthropic and other AI labs over the safety of their products, following a run of incidents in which AI agents hacked into databases. — Bloomberg

DeepSeek publicly released software it built with Huawei to program AI chips, showcasing a partnership aimed at replacing Nvidia’s technology. — Bloomberg

Google is facing employee scepticism over how well its new Gemini model performs in key areas, including coding. — Bloomberg