NEW: JD Vance blames the Iran war for Republicans' midterm losses, writing 'the reason we lost is the war' and citing a pollster that ending the conflict and changing US ties with Israel were top of mind for Trump voters who swung to Democrats.
JUST IN: Morgan Stanley has tokenized US equities and Treasuries through the DTCC's newly launched Tokenization Service, with 20 Wall Street firms signed up to use it.
NEW: Elon Musk's record $474 million election bet backfires as Democrats sweep the midterms, with his $224 million poured into Texas failing to save Paxton and Abbott, sending Tesla and SpaceX shares lower and threatening his Texas empire.
JUST IN: SpaceX teams up with Qualcomm to build a nationwide Starlink Mobile 5G network, deploying Qualcomm's Dragonwing tech across tens of thousands of US cell sites, with first rollouts set for 2027.
JUST IN: $AMD's data center revenue nearly doubles in Q3, with revenue up 45% and beating estimates on booming AI chip sales, as CEO Lisa Su expects growth to accelerate.
JUST IN: SpaceX signs multiyear deal with Qualcomm to build base stations for its Starlink Mobile cellular network in the US, with rollout to begin next year.
JUST IN: Kraft Heinz to divest its North American coffee business, including Maxwell House and Gevalia, to One Rock Capital Partners in a deal valuing the unit at $650 million.
JUST IN: BMW issues its second profit warning of the year, slashing its 2026 profit margin forecast to between -0.5% and 0.5% as it counts the cost of 8,000 job cuts amid rising competition from China.
JUST IN: CVS to split off its drugstore business into a separate public company by 2028, reversing its $78 billion acquisition of Aetna and dismantling the healthcare conglomerate it built in 2018.