Facts only. Every item links to its original source.
Monday, October 5, 2026
Evening edition
AI
NYC Council holds AI oversight hearing with OpenAI, Anthropic, Google and MetaThe New York City Council held an AI oversight hearing Monday at which former AI company employees testified and representatives of Meta, OpenAI, Anthropic and Google testified virtually, CBS New York reported. Former Anthropic employee Jacob Coxon said: "On the current path, I think it is more likely than not that humanity loses control to these AIs," according to CBS. The council is considering 10 bills to regulate AI in the city, and Speaker Julie Menin said SpaceX responded to a subpoena with a letter saying it would not attend the hearing and that the city is now pursuing legal action, CBS reported.
The Nasdaq composite rose 1.1% Monday to a record 27,477.31 and the S&P 500 rose 0.7% to within 0.3% of its summer record, the AP reported. Brent crude settled at $100.32, down 1.9%, and the 10-year Treasury yield rose to 5.31% from 5.28% late Friday, according to the AP.
Schneider Electric agrees to buy PTC for $205 a share in cashSchneider Electric of France said Monday it would pay $205 in cash for each PTC share in a deal valuing the software company at about $22.6 billion, the AP reported. Stocktwits reported the deal is expected to close by the third quarter of 2027, subject to regulatory approvals, and quoted Schneider CEO Olivier Blum saying it creates "the industry's most complete software and AI powerhouse."
C.H. Robinson to acquire RXOC.H. Robinson announced Oct. 5 that it will acquire RXO, with RXO stockholders receiving $17.25 in cash and 0.0856 shares of C.H. Robinson common stock per share, "representing an implied total consideration of $30.25 per share," according to the companies' press release filed with the SEC. The release puts the deal's implied value at $5.8 billion, says the combined company will have "an enterprise value of over $25 billion" and expects the deal to close in the first half of 2027, subject to regulatory and RXO stockholder approval.
ISM Services PMI at 54.9% for SeptemberThe Institute for Supply Management said Oct. 5 its Services PMI registered 54.9% in September, down 0.5 percentage point from August's 55.4%. The Prices Index was 74.0%, the Employment Index 50.1% and the New Orders Index 59.8%, according to the ISM report.
Average 30-year fixed mortgage rate at 7.456% MondayThe average rate on a 30-year, fixed-rate conforming mortgage in the U.S. was 7.456% on Oct. 5, down from the day before, and the 15-year fixed rate fell to 6.613%, Fortune reported, citing Mortgage Research Center data.
21st Taste of Soul festival on Crenshaw Boulevard Oct. 17The 21st annual Taste of Soul family festival takes place Saturday, Oct. 17, from 10 a.m. to 7 p.m. on Crenshaw Boulevard from Obama Boulevard south to Stocker Street, with free admission, according to the festival site of the Los Angeles Sentinel, which presents it with Bakewell Media.
Planning Commission takes up Princessa Crossroads plan Tuesday, Oct. 6The Santa Clarita Planning Commission will take up the draft Princessa Crossroads Specific Plan on Tuesday, Oct. 6, The Signal reported. The plan covers 146 acres south of the Santa Clarita Activities Center and north of Golden Valley High School, calls for 300 market-rate apartments on about 8 acres and includes a 1.2-mile road from Via Princessa's current end near Sheldon Avenue to Golden Valley Road, according to The Signal.
Teen FanFest at Canyon Country library Oct. 9The Santa Clarita Public Library will hold Teen FanFest on Friday, Oct. 9, from 3:30 to 5:30 p.m. at the Canyon Country Jo Anne Darcy Branch, KHTS reported. Listed activities include a 49-foot gaming truck, board games, face painting and performances by the Golden Valley Theatre Troupe and Music Lab.
Idaho Fish and Game restocking three area reservoirs this weekIdaho Fish and Game will stock 6,000 rainbow trout in Spring Valley Reservoir near Troy, 3,000 trout in Moose Creek near Bovill and 3,000 fish in Elk Creek Reservoir near Elk River the week of Oct. 5, Pullman Radio reported Oct. 2. The trout are "catchable size about eleven inches long," according to the report.
Free sheep festival at UI Sheep Center in Moscow Oct. 10The WSU College of Veterinary Medicine will hold "Sheep, Lamb, Wool, and Ewe! A Festival on Farm Road," a free event, on Saturday, Oct. 10, from 10 a.m. to 2 p.m. at the University of Idaho Sheep Center, 950 Farm Road, Moscow, according to the WSU events calendar. Listed activities include lambing barn tours and shearing and sheep herding demonstrations.
Supreme Court hears Boulder climate case on opening dayThe Supreme Court heard two hours of argument Monday in Suncor Energy v. Boulder County, the first case of its term, Colorado Newsline reported. Chief Justice John Roberts said, "Presumably if you prevail, the next day, a municipality in every single state will file a lawsuit," and Boulder's lawyer Kevin Russell said, "The deception claims are far outside anything the Clean Air Act is designed to deal with," according to Colorado Newsline.
Appeals court hears Harvard funding caseA three-judge panel of the First U.S. Circuit Court of Appeals in Boston heard arguments Monday over whether U.S. District Judge Allison Burroughs had authority to restore more than $2.6 billion in research funding the Trump administration cut from Harvard, the AP reported. Justice Department attorney Michael Velchik said, "The problem is that the district court lacked jurisdiction to order specific performance"; the judges did not immediately rule, according to the AP.
Former House Speaker Dennis Hastert dies at 84Former House Speaker Dennis Hastert died Saturday at his home while receiving hospice care, Kendall County Coroner Jacquie Purcell said Monday, the AP reported. Purcell said he died of natural causes; Hastert was speaker from 1999 until 2007 and later spent more than a year in prison, according to the AP.
Yemen: officials say government forces retook Dhubab and two other townsYemeni officials, speaking on condition of anonymity, said Monday that forces allied with the internationally recognized government retook the town of Dhubab just north of the Bab el-Mandeb Strait and captured the towns of Bab and Hadeid, the AP reported (single source). Presidential Leadership Council head Rashad al-Alimi said the operation, called "Yemen Dawn," aims at "recovering the remaining territories" held by the Houthis, according to the AP. Yemen ranks 6th of 179 countries in the Fund for Peace Fragile States Index (2024), in the top quarter.
Optogenetics pioneers win 2026 Nobel Prize in Physiology or MedicineThe Karolinska Institutet announced Monday that Karl Deisseroth of HHMI and Stanford University, Peter Hegemann of Humboldt University in Berlin and Georg Nagel of the University of Würzburg won the 2026 Nobel Prize in Physiology or Medicine "for their discoveries concerning light-gated ion channels and optogenetics," STAT reported. The prize is 12 million Swedish kronor, according to STAT.