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In one trading session, a household-name tech giant shed half a trillion dollars, and a famous starship lost its captain for good. Your grocery app may soon answer to a new owner, while two WNBA rivals head somewhere the league has never been.

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The Big Read

Alphabet Sheds More Than $500 Billion in a Single Day

Google parent Alphabet lost just over $500 billion in value on Thursday, its stock sliding to a six-month low after quarterly results rattled Wall Street investors. Revenue still grew 25% to $127.6 billion, but profits fell 25% and free cash flow turned negative by more than $9 billion amid heavy AI spending.

By the end of Thursday, the company's total stock market value had fallen to $3.46 trillion from $3.97 trillion one day earlier, a staggering single-session reversal. Google's search engine now defaults to AI summaries, and that change has cut into the search ads that make up the vast majority of Alphabet's business.

Record Early Turnout Tops 43 Million Ballots Ahead of the Midterms

With less than a week until the midterms, more than 43 million Americans have already voted, with four to five million early ballots arriving each day. That pace far exceeds most previous elections, and overall turnout looks on track to top 2020 or even 2018, which beat a 1914 midterm turnout record.

Texas leads the surge, with more than 5.8 million ballots already cast in the Lone Star State, surpassing its 2022 numbers by roughly 1.75 million voters. Among the roughly half of states tracking party registration, 44% of early ballots came from Democrats, 31.2% from Republicans and 24.7% from unaffiliated voters so far.

Sandy Hook Families Urge the Supreme Court to Uphold Rifle Bans

Relatives of Sandy Hook victims filed a brief urging the Supreme Court to uphold state and local bans on certain semiautomatic rifles, citing their devastating lethality. Parents of five of 20 first-graders killed in 2012 and relatives of one of six educators weighed in on cases from Connecticut and the Chicago area.

Justices will hear oral arguments in both cases in early December, and more than 40 other people and groups, most favoring the bans, also filed briefs. Gun rights advocates call banning the rifles, which millions of Americans legally own, unconstitutional under the Second Amendment, while supporters want them regulated like machine guns.

World View

A European Union peacekeeping helicopter crashed during routine training near Brcko in northern Bosnia on Thursday, killing four personnel aboard and injuring 11 others, the force said.

A Saudi airstrike in western Taiz killed at least 13 people, Houthi health officials said, while local leaders say a rebel siege has left the Yemeni city in famine.

Netanyahu's coalition lost its parliamentary majority, and his Likud party accused Arab-led parties of "stealing" the election, a claim opposition leader Gadi Eisenkot and Arab party leaders denounced.

Need To Know

Police said a shooting Thursday just outside Virginia's Republican Party offices in Richmond had nothing to do with the midterms, calling the wounded woman an innocent bystander.

The man behind the Boulder firebombing pleaded guilty to federal hate crime charges Thursday, months after admitting 101 state charges over the 2025 attack that injured at least 12 people.

Prediction market Polymarket paused its international platform after a third-party provider was hacked Thursday, as some users had funds stolen, and promised to reimburse any affected trader.

Gold Was $35 When This Mine Closed. Now It's $4,000.

The War Production Board shut this gold mine in 1942, and with gold fixed at $35 an ounce it never came back. Gold now trades above $4,000. A tiny company valued under $20 million owns it and started drilling again this summer. Get the free report and the ticker.

Money & Markets

The average 30-year mortgage rate dipped to 7.24%, declining for a second straight week to its lowest level in over a month, though still well above last year's 6.17%.

Amazon offered a cautious holiday outlook after third-quarter results came in below Wall Street expectations, sending shares down more than 5% after hours despite 39.3% cloud growth.

Starbucks' home-market turnaround kept gaining steam, though international cafes missed sales estimates and a forecast revenue dip of 1% sent shares down nearly 2% after hours.

Future Frontiers

Seabirds can get jet lag too, as researchers tracking GPS-tagged Manx shearwaters found the birds veer up to seven degrees off course when their internal clocks fall out of sync.

A mass die-off of Adélie penguins near the Antarctic Peninsula was driven by avian cholera bacteria rather than a virus, according to researchers who found 537-plus carcasses on one ramp.

Oceanographer Sylvia Earle is calling for an end to Antarctic krill fishing as 27 governments negotiate a possible deal to dramatically expand catches of the crustacean whales rely on.

The Score

The Atlanta Dream forced Game 7, as Allisha Gray scored 23 points in an 80-69 win over Golden State, setting up the first Game 7 in WNBA Finals history Saturday.

The Chicago Bears acquired All-Pro Jeffery Simmons from the Tennessee Titans for two first-round draft picks, making him the first defensive tackle since 1967 dealt for multiple first-rounders.

Kimi Antonelli, F1's possible youngest champion, skipped Thursday's Mexico City media duties with a viral illness, though a ninth-place finish Sunday would seal the title on his own terms.

Alexander Zverev will become world No. 1, locking in the date Thursday by beating Tallon Griekspoor in Vienna, and will replace a sidelined Jannik Sinner atop Monday's rankings.

Life & Culture

Sir Patrick Stewart has died at 86, a stage and screen great who moved from Shakespeare to commanding the USS Enterprise and playing Professor Xavier in the X-Men films.

Agatha Christie's abandoned Baghdad home sits padlocked and falling down on the Tigris, and Iraq's government says anyone willing to restore the mystery writer's house can have it.

Home Depot's 12-foot Skelly skeleton has become a Halloween staple since 2020, towering over lawns from California to New Jersey with glowing eyes and a $299 price tag.

Deep Dive

What DoorDash's $17 Billion Instacart Deal Means for Your Groceries

What it is: DoorDash agreed to buy Instacart for $17 billion in a deal expected to become final in about a year, combining restaurant meals and weekly grocery shops under one roof. Instacart shoppers would be able to buy from 150,000 stores, up from the current 100,000, while DoorDash would reach beyond its restaurant roots into retail, the firms said.

The detail: The deal values Instacart at $65 per share, and at least 75% of the price will be paid in cash, with stockholders choosing cash, DoorDash stock or a mix. Instacart is estimated to control 58% of the US third-party grocery delivery market, a share that could raise antitrust red flags with the Trump administration's Federal Trade Commission.

Why it matters: The American Economic Liberties Project urged regulators to block the deal, warning it would "squeeze worker compensation on the way in and drain consumer wallets on the way out." DoorDash chief Tony Xu said the companies could give stores of every size more delivery tools, arguing that "when more people shop local, more dollars stay local."

What to watch: The FTC on Thursday also ordered nine companies spanning airlines, ride-hailing and food delivery, including DoorDash and Instacart, to explain how they use personal data to set prices. Watch whether regulators fold that pricing inquiry into their merger review, and whether grocers and delivery drivers mount organized opposition before the deal's expected close next year.

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Today's Trivia

Slovenia and Slovakia, two European countries frequently confused for each other, differ in one key geographic feature. Which one is entirely landlocked with no sea coast at all?

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Extra Bits

A deer barged into Winston-Salem's Wishy Washy Laundry, crashing through a window and climbing atop the washers and dryers before escaping, and the owner said nobody was hurt.

A runaway sheep led Virginia police on a "food pursuit" through a Manassas Park neighborhood, and officers joked that no charges were filed but they suspect "a few outstanding baaa-violations."

Record-hoarding Idahoan David Rush moved more than 2 pounds of ice between two trays using only his mouth in 30 seconds, adding to his 200-plus Guinness titles.

On This Day

Sir Walter Raleigh is beheaded at Westminster (1618) · Ballpoint pens go on sale in the US at Gimbels (1945) · Cassius Clay wins his first pro fight in Louisville (1960) · Thieves steal the Star of India sapphire from New York's natural history museum (1964) · Guitarist Duane Allman dies in a Macon motorcycle crash (1971)

"He's awfully good for an 18 year old and as fast as a middleweight" — Tunney Hunsaker, Cassius Clay's first professional opponent (1960)

That's all for today. Thanks for reading Five Minute Daily. Share it with a friend, and we'll see you tomorrow.

—The Five Minute Daily Team