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Overnight brought sharp turns: the U.S. canceled a planned Trump–Putin summit after Moscow reiterated maximalist terms on Ukraine, Senate leaders faced new pressure as the shutdown entered another day, and upbeat forecasts from Apple and Amazon lifted market sentiment.

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The administration canceled a planned meeting in Budapest after Russia restated demands that Ukraine surrender territory and abandon NATO membership. The move followed tense calls and ended hopes for near-term talks.

Washington’s stance hardened after Moscow’s memo, prompting new discussions on sanctions and additional energy restrictions.

Why it matters: The cancellation highlights the deep divide on Ukraine and keeps global energy and security risks elevated.

As the shutdown entered its 30th day, the president urged ending the filibuster to pass funding by simple majority. The move revived a decades-old debate about the Senate’s 60-vote rule.

The standoff that began Oct. 1 has sidelined hundreds of thousands of workers and slowed services as agencies ration resources.

Why it matters: Removing the filibuster could alter lawmaking for years, reshaping fights over spending, immigration, and the courts.

Apple projected double-digit iPhone growth, while Amazon posted stronger cloud results and a wide fourth-quarter forecast. The upbeat tone steadied markets after a volatile week.

Why it matters: Big Tech results drive market sentiment and influence capital spending across AI, chips, and cloud computing.

At a regional summit, the Pentagon chief met Chinese and Indian counterparts to strengthen Southeast Asian ties amid rising tension over Taiwan and the South China Sea.

Global shares wavered after a trade thaw between Washington and Beijing, with Europe lower and U.S. futures modestly higher.

Indonesia will lower import tariffs on consumer goods and raw materials to support demand as exports cool and inflation eases.

The World Health Organization released a guide urging cities to integrate health goals into transit, housing, and green-space design.

Japan’s Nikkei hit fresh highs while Chinese stocks lagged, reflecting currency strength and uneven regional growth.

Traders priced in limited movement for the S&P 500 over the next two months despite strong earnings volatility.

S&P 500 and Nasdaq futures rose on upbeat guidance from Apple and Amazon, reversing recent weakness in tech.

Emerging-market equities extended their winning run to ten months, driven by a soft dollar and Asian technology demand.

Apple forecast strong services growth and higher iPhone demand heading into the holiday quarter.

New research in Science maps hippocampal circuits that stabilize memory formation, offering insights into cognitive disorders and machine learning.

A WHO report calls for urban planners to embed health metrics into transport, housing, and climate-resilient infrastructure.

Malaria vaccines are rolling out across Africa through WHO and Gavi programs. Bharat Biotech and GSK plan to halve vaccine prices by 2028 to boost access.

Oklahoma City improved to 6–0 as Shai Gilgeous-Alexander scored 31 points in a win over Washington.

San Antonio closed on an 8–3 run to edge Miami behind balanced scoring and late defense.

Detroit beat Los Angeles as Lucas Raymond scored the deciding goal in the tiebreaker.

Domestic grosses fell to $425 million, the weakest October since the 1990s outside the pandemic, pressuring year-end releases.

Television producer Ben Winston will oversee the opening and closing ceremonies of the 2028 Los Angeles Olympics.

Ticket revenue at the Kennedy Center has dropped sharply amid leadership changes and soft audience recovery.

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The president called for ending the filibuster as the shutdown stretched into a second month, reigniting debate over the Senate’s 60-vote threshold.

The rule evolved from 19th-century procedures allowing unlimited debate. While reforms have narrowed its reach, most bills still need 60 votes. Supporters argue it ensures consensus; critics say it blocks governance.

Economic effects are mounting as federal workers go unpaid and contracts stall. Analysts warn of slowing growth and rising uncertainty if the stalemate persists.

Watch for whether leaders broker a bipartisan stopgap or escalate with rule changes that could reshape policy battles for years. See background.

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—The Five Minute Daily Team