Writing the summary…
We're adding to a consumer staples stock in advance of a big catalyst
Source: CNBC
Original reporting
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CNBC
Kimberly Guilfoyle resigns as ambassador to Greece at White House's request
Guilfoyle's announcement came after new White House press secretary Katie Zacharia said in her debut briefing that the ambassador had been asked to resign.
The Guardian
Elon Musk becomes biggest political donor of US midterms cycle with $366m spent
Musk’s midterm donations, mostly for rightwing candidates and causes, surpass his contributions to Trump in 2024 Elon Musk has become the biggest political donor of the 2026 US midterm elections cycle, funneling about $366m into political groups and campaigns as he backs conservative candidates and rightwing causes. The world’s richest person has poured more than $276m into politics since July alone, some of the most rapid political spending in US history. He’s targeting key races that will determine which party controls the US Senate. The New York Times first reported the spending numbers, which will be released in a federal filing on Thursday. Musk’s spending outpaces his 2024 presidential election contributions, in which he sunk nearly $300m into Donald Trump’s re-election campaign. Continue reading...
CNBC
Walmart to cover some GLP-1s, inhalers and insulin for employees at no cost as it expands benefits
Walmart will offer Novo's Ozempic and Lilly's Mounjaro without charge for people with Type 2 diabetes after a new prior authorization.
CNBC
Trump's diesel deal with Russia equals less than two weeks of U.S. demand
President Donald Trump's diesel deal with Russia comes as he is under pressure to reduce fuel prices with the U.S. midterm elections less than a month way.
CNBC2 outlets
Apple releases HomeView smart home hub with screen as showcase for Siri AI
New products from Apple include the HomeView, an iPad-like device that acts as a hub for other smart home gadgets Apple on Tuesday began showing off a new round of smart home products, including an iPad-like device dubbed the HomeView, meant to hang on walls or perch on tabletops and act as a hub for other smart home devices. The HomeView device starts at $299 and will begin shipping next month. It will feature a 7in screen and face recognition, will help users control doorbells, thermostats and smart locks in a market where Apple has tinkered for a decade without major success. The device will also showcase Apple’s AI-upgraded Siri virtual assistant. Continue reading...
The Guardian
The Conservatives’ ‘better tomorrow’ only includes rich people | Letters
Terry Peach responds to Kemi Badenoch’s conference speech, while Penelope Turton writes on her promise to cut inheritance tax Kemi Badenoch’s conference speech rehearsed the argument that Andy Burnham’s economic policies were warped by his “nostalgia” for the 1970s, unlike her own forward-looking programme for “a better tomorrow” ( Tories accused of prioritising rich voters as Badenoch lays out inheritance tax cut plan, 7 October ). She appears not to see that her preference for a lesser-regulated capitalist market economy, with lower public expenditure, taxes and national debt, coupled with “tough love” welfare policies, is itself harking back to arguments that have circulated for centuries. Continue reading...