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September 24, 2026

Thursday, September 24, 2026: Trump, Xi Summit Extends Tariff Truce, Launches AI Talks

The Daily Briefing · Thursday, September 24, 2026
Trump, Xi Summit Extends Tariff Truce, Launches AI Talks
Trump, Xi Summit Extends Tariff Truce, Launches AI Talks
The Washington summit produced a tariff pause through January 10 and a structured AI dialogue framework, sending semiconductor and China ADR stocks to their highest levels in months.
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Also today
Paramount, WBD $10B Merger Clears Final Legal Hurdle
Paramount, WBD $10B Merger Clears Final Legal Hurdle
California AG Rob Bonta's settlement removes the last regulatory barrier to Paramount's $10B merger with Warner Bros. Discovery, closing by early October 2026.
Trump Rejects Global AI Rules, Coins 'Super Intelligence'
Trump Rejects Global AI Rules, Coins 'Super Intelligence'
Trump rejected global AI rules at UNGA and ordered all agencies to adopt the term Super Intelligence, as OpenAI and Anthropic CEOs urged the UN Security Council to act.
Oracle Invokes Force Majeure on Project Jupiter
Oracle Invokes Force Majeure on Project Jupiter
Oracle Corp. triggered a force majeure clause on Project Jupiter, its 2.45, gigawatt Stargate AI data center in New Mexico, after a six, month regulatory delay on an Energy Transfer natural gas…
AVAV, KTOS Win Wedbush Double Outperform in Drone Era
AVAV, KTOS Win Wedbush Double Outperform in Drone Era
Wedbush initiates AeroVironment and Kratos Defense at Outperform, naming both long, term winners as drone warfare and NATO spending drive a structural shift to autonomous defense systems.
More headlines
Lennar Q3 2026 Miss Deepens Housing Crisis Signal
Lennar's Q3 EPS miss and 9.2% new, order decline prompt a FY26 delivery cut to 80,000, 81,000 homes, confirming 7% mortgage rates have strangled housing demand.
SNX Q3 2026: AI Hardware Orders Put to the Test
TD SYNNEX reports fiscal Q3 results before the bell September 24, with consensus at $4.70 EPS and $18.91B revenue — the sharpest real, world test of whether enterprise AI hardware is shipping at scale.
Jabil Q4 FY2026: AI Revenue and FY27 Outlook at Open
Jabil Inc. reports Q4 FY2026 before the open Wednesday as Wall Street focuses on $3.6B in quarterly AI revenue, a third hyperscaler ramp, and raised FY27 guidance.
Boeing Rises on Tentative Union Deal, $3.4B FMS Order
Boeing shares advanced Wednesday as a new tentative machinists' contract and a $3.4 billion foreign, military, sales expansion simultaneously reduced two of the jet maker's most pressing near, term…
Alphabet Slides 4% as AI Rotation Favors Meta's Muse
Alphabet dropped 3.8% on September 23 as institutional investors rotated into Meta Platforms, widening a 30, day gap in which META gained 37% against GOOG's near, flat showing ahead of…
McDonald's Drops 4% After $8.5B Franchisee Pledge
MCD fell 4% at its 2026 Investor Day after pledging $8.5 billion in franchisee support through 2036 and pushing its 50,000, restaurant global target back a full year to 2028.
Langone Eyes $2,000 for Eli Lilly in 3, 4 Years
Ken Langone told CNBC that Eli Lilly (LLY) could reach $2,000 in three to four years, citing a $17, 18B annual R&D budget and pipeline depth well beyond GLP, 1s.
Market briefs
MGM Stock Falls 10% After People Inc. Drops $8B Buyout Bid
MGM Resorts (MGM) drops as Barry Diller's People Inc. scraps its $8.30, a, share, $8B buyout offer.
MGM · 6 sources
Chinese EV Stocks Fall 3% as Li Auto Margin Halves
Li Auto (2015.HK) and peers fell 3% in HK; battery costs halved its Q2 vehicle margin to 9.4%.
2015.HK · 9866.HK · 9868.HK · LI:NASDAQ · 6 sources
New Home Sales Rise to 615K as Fed Rate Hike Stalls Housing Recovery
August's 615,000 pace barely topped July's floor; rates rose from 6.67% to 7.25% after the Fed hike.
DHI · LEN · PHM · NVR · 6 sources
ServiceNow Stock Gains 2% as Agentic AI ACV Hits $1B
ServiceNow (NOW) climbs 2% despite 5% yields after agentic AI contracts hit $1B and Cantor raises to $174.
NOW:NYSE · 6 sources
From the startup desk
Cyera Raises $400M From Goldman at Flat $12B
Cyera (Israel) raised $400M in a Series G extension from Goldman Sachs, securing the Israeli cybersecurity firm's role as a trust and security layer for AI agents across large enterprises.
TEKEVER's $580M Series D Hits $6.4B Valuation
TEKEVER (Portugal/UK) closed a $580M Series D at a $6.4B valuation, backing the AI drone maker's global defense expansion after its systems proved battle-tested in Ukraine.
Snorkel AI Raises $350M at $3.5B, ARR Up 18x
Snorkel AI (USA) raised $350M at a $3.5B valuation, scaling its AI training data factory that supplies complex datasets to frontier AI labs, growing ARR from $20M to $350M in one year.
Video of the day
Commodity Term Structure
Commodity Term Structure
The Daily Briefing from Pomegra. Market news, educational content only. Nothing here is investment advice.
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