Johnson Steps Aside, BoE Hikes, Beijing Blocks SoftBank, Micron Pauses

Johnson won't seek the House GOP leader post as Scalise and Jordan race to win back the majority

Trump says he can work with Democrats on 'many more things than people understand' but keeps tariffs

Trump told CNBC by phone on November 4: "I can work with them on many things, many more things than people understand." He named mutually beneficial financial items as common ground but ruled out dropping tariffs.

Mississippi's Senate race is within a quarter point with no recount law and a November 13 certification deadline

Mississippi's Senate race remains uncalled. Republican Sen.

Iran's Guard claims four tankers hit mines near Hormuz, naming no ships, as CENTCOM has rebutted similar claims

Iran's Revolutionary Guard said on November 4 that four oil tankers were destroyed by naval mines after taking a "prohibited" route south of the Strait of Hormuz, and that two other vessels were seized.

Russia fired 289 drones and 76 missiles on US Election Day as the aid-site death toll rose to 40

Zelensky said Russia launched 289 attack drones and 76 missiles overnight on US Election Day, aimed mainly at the power grid.

Beijing blocks SoftBank's $5.4 billion purchase of ABB's robotics unit, citing data that could train AI

The Financial Times reported that China blocked SoftBank's roughly $5.375 billion purchase of ABB's robotics unit.

Bank of England votes 8-1 to hike to 4%, its first rise since August 2023, and sees inflation near 5%

The Bank of England voted 8-1 on November 5 to raise Bank Rate by 25 basis points to 4%, from 3.75%. It is the first hike since August 2023 and ends a run of six holds.

AI hardware sell-off hits Asia: Kospi drops 5.28%, Kioxia falls 13% and Qualcomm slides 7% after hours

South Korea's Kospi triggered a sell-side sidecar at 10:16 a.m. on November 5 and closed down 5.28% at 5,383.80.

Micron pauses its up-to-$4.5 billion Taoyuan fab as a union demands 15% of operating profit in cash

Bloomberg reported on November 5 that Micron has all but halted construction of its Fab 11E in Taoyuan, keeping only basic site security.

Democrats' new Senate majority splits as at least three incoming senators refuse to back Schumer

Democrats hold at least 54 Senate seats, but a leadership fight is already public.

Google will switch off Gemini and Search by default for K-12 student accounts from early 2027

Google said on November 3 that from early 2027, Gemini, Gemini Notebook, Gemini in Classroom and Google Search will be off by default for K-12 student accounts, with administrators enabling each one.

As open enrollment begins, 48% of Americans use AI to compare health plans and 85% of them follow it

ACA open enrollment began on November 1. An eHealth survey of more than 1,000 adults, taken October 7-9, found 48% have used an AI tool to review health insurance options.