Daily News Briefing

AI

• Anthropic told investors third-quarter revenue was $16.8 billion, the Financial Times reportsAnthropic told investors its third-quarter revenue jumped to $16.8 billion and that it turned a profit in the quarter, the Financial Times reported Wednesday, according to Reuters (single source). The Reuters report gives no profit figure.
  Sources: Reuters via Central Oregon Daily
• Nvidia announces cuPotential library and chipmaker partnerships at SEMICON WestNvidia announced on Oct. 14 in San Francisco, at SEMICON West, a new CUDA-X library called cuPotential for simulating how atoms and molecules interact, available in early access, according to the company's release. Nvidia said Applied Materials, Cadence, KLA, Lam Research, Synopsys and Siemens are using its CUDA-X and Omniverse libraries in chip design and manufacturing, and that Lam Research plans to use the open source NanoVDB library to speed up wafer-etch modeling by up to 30x.
  Sources: Nvidia via GlobeNewswire

Financial

Wednesday close, per the AP: the S&P 500 fell 86.51 points, or 1.1%, to 7,718.94, the Dow fell 48.62 points, or 0.1%, to 51,621.48, the Nasdaq fell 511.51 points, or 1.9%, to 26,692.87 and the Russell 2000 fell 53.84 points, or 1.9%, to 2,729.53. The AP said it was the stock market's worst day since July.

Source: AP via KRMG

• Consumer prices rose 0.6% in September and 3.7% over 12 months, BLS saysThe Consumer Price Index for All Urban Consumers rose 0.6 percent on a seasonally adjusted basis in September after rising 0.4 percent in August, the U.S. Bureau of Labor Statistics reported Wednesday; over the last 12 months the all items index rose 3.7 percent. The BLS said the index for all items less food and energy rose 0.3 percent in September and 2.6 percent over the year, and the energy index rose 5.2 percent in the month and 20.4 percent over 12 months.
  Sources: U.S. Bureau of Labor Statistics
• BlackRock reports third-quarter revenue of $7.75 billion and assets under management of $15.49 trillionBlackRock reported third-quarter GAAP revenue of $7,752 million, net income attributable to BlackRock of $1,659 million and diluted earnings of $10.57 per share, in its Oct. 14 earnings release. The company reported assets under management of $15,488,263 million at Sept. 30 and total net flows of $205,466 million for the quarter.
  Sources: BlackRock release (SEC filing)

Real estate

• MBA: mortgage applications fell 2.7% in the week ending Oct. 9; 30-year rate at 7.5%The Mortgage Bankers Association said Wednesday its Market Composite Index fell 2.7% on a seasonally adjusted basis for the week ending Oct. 9, with the Refinance Index down 0.4% and the seasonally adjusted Purchase Index down 4% from the prior week. "The 30-year fixed rate was 7.5%, the highest rate since November 2023," said MBA economist Joel Kan.
  Sources: MBA NewsLink

Los Angeles

• Red flag warnings for much of L.A. County Thursday through Friday night; county EOC to activate ThursdayThe National Weather Service issued red flag warnings for a large part of Los Angeles County from Thursday through Friday night, with gusts of 50 to 70 mph forecast in mountain areas, and a heat advisory for parts of the county Thursday through Saturday, MyNewsLA reported Wednesday. County officials said the Emergency Operations Center will activate Thursday morning and told residents to prepare for utility public safety power shutoffs; County Fire Chief Anthony C. Marrone said, "With strong winds capable of driving rapid wildfire growth, we urge residents to prepare immediately." Mayor Karen Bass urged residents to sign up for alerts at notifyla.org and lafd.org/alerts.
  Sources: MyNewsLA
• City Council votes 13-0 for nearly $610,000 in Posetano Road repairs in Pacific PalisadesThe Los Angeles City Council voted 13-0 on Wednesday to move nearly $610,000 into a new account for emergency repairs on Posetano Road in Pacific Palisades, MyNewsLA reported. The motion by Councilwoman Traci Park covers a slope failure above the road and removal of the remaining concrete staircase near 17570 Posetano Road, according to the report.
  Sources: MyNewsLA

Santa Clarita

• City Council approves $40,000 Old Town Newhall marketing campaign and picks $313,000 art wall designThe Santa Clarita City Council on Tuesday, Oct. 13, approved $40,000 for an Old Town Newhall Association marketing campaign with the city and selected the largest of three configurations for a $313,000 community art wall covering about 715 linear feet along Main Street, Market Street and Railroad Avenue, KHTS reported. Council approval of a spending plan is required before campaign money is spent, according to the report. Mayor Laurene Weste said, "This is a disaster of economic proportion."
  Sources: KHTS
• Red flag warning for the Santa Clarita Valley from 6 a.m. Thursday to 8 p.m. SaturdayThe National Weather Service in Los Angeles/Oxnard issued a red flag warning covering the Santa Clarita Valley from 6 a.m. Thursday to 8 p.m. PDT Saturday, with northeast to east winds of 20 to 30 mph, gusts of 45 to 55 mph and minimum relative humidity of 8 to 15 percent, according to the warning as published by KEYT.
  Sources: NWS warning via KEYT
• Prescription Drug Take Back Day set for Oct. 24 at the SCV Sheriff's StationThe Santa Clarita Valley Sheriff's Station will collect unwanted prescription drugs from 10 a.m. to 2 p.m. Saturday, Oct. 24, at 26201 Golden Valley Road for the DEA's National Prescription Drug Take Back Day, KHTS reported. "The collection is free and anonymous—no questions asked," according to the release.
  Sources: KHTS

Pullman-Moscow

• WSU and USDA open 100,000-square-foot Plant Bioscience Research Building in PullmanWashington State University and the U.S. Department of Agriculture held a ribbon-cutting Wednesday morning for the 100,000-square-foot USDA Plant Bioscience Research Building on the WSU Pullman campus, Pullman Radio reported. The building houses research on wheat, potatoes, soil science and weed control and replaces Johnson Hall, which was demolished in 2022 and 2023, according to the report.
  Sources: Pullman Radio
• Whitman County to mail special ballots to Uniontown voters for Fire District 14 levyWhitman County Auditor Sandy Jamison said Tuesday her office will mail special ballots to Uniontown voters so they can vote on the Whitman County Fire District 14 levy, which was left off the mail-in ballots sent to Uniontown the previous week, Pullman Radio reported. Jamison said her office had no record that Uniontown had been annexed into the district in the early 2000s; ballots must be received by the end of election day, Nov. 3.
  Sources: Pullman Radio
• Burlington opens its Moscow store Friday at Palouse PlaceBurlington will open its new Moscow store Friday at Palouse Place, formerly the Palouse Mall, with hours of 9 a.m. to 10 p.m. daily, Pullman Radio reported Wednesday.
  Sources: Pullman Radio
• Moscow's fall burning season runs Friday through Dec. 13Moscow's fall burning season begins Friday and runs through Dec. 13, with open burning limited to garden waste, tree trimmings and brush, Pullman Radio reported Wednesday, citing city fire officials. Piles must be at least 25 feet from buildings, fires must be attended at all times and burning after dark is not allowed, according to the report.
  Sources: Pullman Radio
• RTOP opens "The Addams Family" musical Thursday in PullmanThe Regional Theatre of the Palouse opens "The Addams Family" musical at 7:30 p.m. Thursday, Oct. 15, at its theater on North Grand Avenue in downtown Pullman, with performances through Oct. 25, Pullman Radio reported. Tickets are at rtoptheatre.org, according to the report.
  Sources: Pullman Radio

US politics

• Ninth Circuit orders preliminary injunction against California law requiring federal agents to show IDA unanimous Ninth Circuit panel of Judges Mark Bennett, Jacqueline Nguyen and Daniel Collins ruled Wednesday that California's No Vigilantes Act, which requires federal officers in the state to display identification, violates the Supremacy Clause, and directed the district court to issue a preliminary injunction, Courthouse News and The Signal reported. "The supremacy clause prohibits states from directly regulating federal operations," Bennett wrote. The California attorney general's office said, "We're disappointed in today's decision and reviewing the court's opinion."
  Sources: Courthouse News, The Signal
• Justice Department gives California 48 hours to review list of suspected noncitizen votersActing Deputy U.S. Attorney General Trent McCotter sent a letter Tuesday to California Secretary of State Shirley Weber, with a similar letter to the Los Angeles County registrar, giving the state 48 hours to determine whether any citizens are on a list of suspected noncitizen voters and warning that otherwise "the United States will have no choice but to seek emergency relief," the AP reported Wednesday. L.A. County Registrar Dean Logan said removing a voter must be based on "verifiable information, not assertions of unconfirmed data matching." Weber's office did not respond to the AP's requests for comment.
  Sources: AP via WTOC
• Supreme Court hears Salazar v. Paramount Global on the Video Privacy Protection ActThe Supreme Court heard argument Wednesday in Salazar v. Paramount Global, No. 25-459, in which Michael Salazar alleges Paramount's 247Sports.com shared his video-viewing information with Facebook in violation of the Video Privacy Protection Act, SCOTUSblog reported. Lower courts dismissed the suit, finding Salazar was not a "consumer" under the law; SCOTUSblog said a decision is expected next year.
  Sources: SCOTUSblog, Supreme Court day call

Global risks

• Pakistan's parliament ratifies federal emergency rule in Khyber PakhtunkhwaPakistan's National Assembly and Senate on Wednesday ratified the presidential proclamation of emergency in Khyber Pakhtunkhwa issued Oct. 11, Business Recorder and Arab News reported; PTI members walked out of the Senate in protest. Law Minister Azam Nazeer Tarar said the government acted over internal disturbances and the provincial administration's failure to address militancy, according to Arab News. Pakistan ranks 27th of 179 countries in the Fund for Peace's 2024 Fragile States Index.
  Sources: Business Recorder, Arab News, Fragile States Index 2024

Catastrophic events

Good news

• FDA expands approval of Anktiva for BCG-unresponsive bladder cancerThe U.S. Food and Drug Administration on Oct. 14 approved an expanded indication for Anktiva (nogapendekin alfa inbakicept-pmln) with BCG for adults with BCG-unresponsive non-muscle invasive bladder cancer, adding high-grade papillary-only tumors, according to the FDA. The FDA said the complete response rate in the 77-patient trial was 62%.
  Sources: FDA
• Golden Valley High's National Honor Society chapter named a National Chapter of DistinctionThe National Honor Society named Golden Valley High School's chapter a National Chapter of Distinction, the William S. Hart Union High School District announced Wednesday, The Signal reported. Members logged 2,660 community service hours in the 2025-26 school year, according to the release.
  Sources: The Signal