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US prepared for protracted stalemate with Iran

10/23/2026 • 14 min

Global stocks sold off as AI spending fears flare up, Brazilians will vote this weekend in a close presidential race, and the US is prepared for a lengthy stalemate in the war with Iran. Plus, how banks are reacting to a potential tax rise from UK chancellor John Healey, and why are western pharmaceutical companies heading to China? Mentioned in this podcast: Me… Play episode

Elon Musk’s $3.6tn gamble to merge SpaceX and Tesla
Israel pushes to restart strikes against Iran
Can Big Tech calm investors' AI jitters?
French government in crisis mode after a weekend of riots
Martin Wolf on the US midterms: Is American democracy safe?
Investors fret over AI debt
Zelenskyy doesn’t mince words about Trump
France’s Marine Le Pen readies for fight with EU
An election supercycle could push Europe to the right
Houthis attack Riyadh airport
SoftBank wants Gulf money to expand AI bet
Oil companies are full speed ahead in the Middle East
Skydance’s debt pile takes the spotlight
The bond sell-off comes for corporate America
The Tories go back to basics
Unhedged: An ode to stock picking
Zelenskyy says Putin’s gloves are off
US Big Tech gets the most facetime with EU
Trump shrugs off AI regulation
Nvidia turns to insurers to offset AI risks
Andy Burnham’s first Labour conference as prime minister
Bond rout pushes US mortgage rates past 7%
US Treasury yields soar
Will Trump and Xi extend their trade truce?
How a Russian forgery scheme evaded sanctions
Germany’s Merz vows to stay despite ‘disaster’
Reform UK mega-donors stir controversy
Fed interest rate rises are back
US billionaires bankroll Republican election push
What an AI slowdown could mean for investors
Fed and BoJ expect rate hikes as US bond market flails
Oil hits $108 ahead of Iran’s meeting with Gulf states
AI rewrites the venture capital playbook
DeepSeek mania spawns shadow market
Is the global maritime order breaking down?
A foldable iPhone: John Ternus’s first test as Apple CEO
Extended chat: Top US trade official defends Trump’s record
Top US trade official reveals ‘problem’ in UK negotiations
Uber teams up with driver unions to fight robotaxis
Russia secretly helping Iran develop supersonic missiles
How viable is Trump’s oil deal with Venezuela?
AI’s threat to consulting
EU policy could ice out closest trading partners
What Meta’s $18bn settlement means for social media
The risks of investing $7tn in AI data centres
US threatens Iran’s economic partners
Warsh heads to Jackson Hole as economic worries mount
Why the energy crisis won’t save western oil refineries
US Treasury tries to soothe the bond market

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