AI Policy & Government Oversight

Voluntary AI Accord Signed: Tech firms agreed to external audits and self-policing controls under the White House AI Accord. David Sacks, President Trump's technology advisor, stated that the administration does not need to wait for new legislation to implement these standards.
Government Engagement: Google confirmed its participation in the U.S. government's voluntary review process for AI models.

Google & AI Developments

Gemini 4 Argon Launch & Pricing: Alphabet CEO Sundar Pichai introduced Gemini 4 Argon, setting pricing at $2 per million input tokens and $10 per million output tokens.
Internal Performance Concerns: Reports highlight internal skepticism among Google employees regarding Gemini 4's performance on real-world coding and core tasks, despite solid benchmark figures. Additionally, Google previously scrapped plans for a June release of Gemini 3.5 Pro to prioritize Gemini 4.

Micron Technology ($MU) Q4 Results:
Adjusted EPS: $33.42 (vs. $31.83 expected)
Adjusted Revenue: $54.23 billion (vs. $51.49 billion expected)
Q1 Guidance: Expects revenue between $60B and $63B (vs. $56.77B expected) and EPS between $37.15 and $39.15 (vs. $36.02 expected).
Outlook: Prepared remarks indicated that memory and storage supply-demand conditions are projected to be significantly tighter in fiscal 2027 and 2028 compared to 2026.

#US Market Wrap

End-of-Month Market Turbulence: Equities surrendered early gains driven by cooler inflation data (PCE rising a lower-than-expected 0.2% in August), leaving the S&P 500 largely flat. Money markets reflect less than a 40% probability of an October Fed rate hike.
Labor & Economic Strength: Hiring expanded in September with consumer spending rising at its fastest rate in over a year. The upcoming Friday government employment report is expected to show 90,000 job additions.

Jordan Airway Incident: Israel's N12 News reported an incident where a pilot allegedly planned to seize control of an aircraft over Jordan to crash it inside Israeli territory.
Defense Briefing: U.S. Secretary of Defense Pete Hegseth concluded public remarks.