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Turkey season is back, but zooming out, it looks like consumers have been falling out of love with the big bird for decades. Since its 1996 peak, turkey consumption has dropped 25%, while chicken, pork, and beef now dominate Americans’ protein choices. Ironically, despite shrinking appetites for turkey, the birds themselves have kept growing, with today’s supersized turkey weighing nearly double what it did in 1960. We charted America’s long, slow breakup with turkey. 

The S&P 500, Nasdaq 100, and Russell 2000 all climbed higher despite Nvidia being one of the index’s worst performers. Energy was the worst-performing sector ETF, as oil prices fell on news of a possible Ukraine-Russia peace deal. The AI trade bifurcated today for reasons we’ll get into below. 

Google rose yesterday while Nvidia and Advanced Micro Devices dropped upon the revelation that the search giant may be muscling in on the chip designers’ turf.

Per the report, Meta is in discussions with Google to spend “billions of dollars” to use its AI chips in the social media company’s data centers starting in 2027, and to begin renting access to Google chips from its cloud business next year.

Shares of Nvidia dropped, and AMD, which sells GPUs for use in data centers, fell 4%. Broadcom, the custom chip specialist that partnered with Google to design these TPUs, finished up 2%. 

During Nvidia’s conference call last week, CEO Jensen Huang was asked about the competitive threat posed by custom chips. He responded by talking up the difficulty of inference (“How could thinking be easy?”). That’s a not-too-subtle nod to the idea that his company’s GPUs will be the more effective solution compared to more cost-effective options.

Kevin O’Leary is a paid spokesperson for StartEngine. See his 17(b) disclosure, here.

Charles Schwab and Morgan Stanley made headlines with their recent private market acquisitions.

Why? Everyday investors are demanding access to the private markets, and the old guard doesn’t want to be left behind.

StartEngine has been building that access for years. 

This leading alternative investment platform provides a comprehensive gateway into private markets, including exposure to dynamic, pre-IPO offerings¹ from companies like Kraken, Perplexity, and Stripe.²

These offerings have attracted strong investor interest — and record financials. StartEngine became profitable in H1 2025 with $4.9M GAAP ($11.9M adjusted EBITDA).³ After reaching $48M in annual revenue for 2024, they posted $70M revenue in the first half of 2025, up 3x YoY.⁴

Now, as Wall Street pays up to join the party, you can learn more about investing in StartEngine directly and own a piece of the platform with a track record of unlocking pre-IPO offerings.⁵

View Opportunity.

Since October, bitcoin has ranged from above $126,000 to as low as $80,500, while the price of the second-largest cryptocurrency, ethereum, rose to nearly $4,900 in August before dropping to a low of $2,800 this month. The volatility powered massive wipeouts in leveraged positions, with October 10 taking the crown for the largest liquidation event ever in a 24-hour period.

Liquidations occur when a trading platform’s risk engine forcibly closes a trader’s leveraged position because an asset’s price reaches a certain level and their margin account balance is insufficient to cover the open position. A handful of liquidated positions barely moves the market, but if thousands of positions with similar liquidation prices are closed, the effect on the asset’s market price can be substantial, creating a “cascading effect.”

So exactly what happens at different levels and what are those key price points? 

We broke it down for both bitcoin and ethereum in the best of times… and the worst of times.

There have been a lot of comparisons thrown around lately to the last crypto winter, which kicked off with the catastrophic demise of the “algorithmic stablecoin” TerraUSD and entered freefall with the collapse of FTX. But while we’re hearing phrases like “hasn’t seen a price decline like this since 2022” a lot, the space does have some material differences that may help avoid the worst-case scenarios.

In 2022, there were no spot ETFs; now, BlackRock’s IBIT holds more bitcoin than mega-holder Strategy. In 2021, Tesla was one of a very few public companies that held bitcoin on its balance sheet (it still does, for better and probably, in the short term, for worse), and now there’s a whole “pivot to bitcoin” narrative. That’s not to say these diversifications in holders and institutional investment will staunch bitcoin’s (and ethereum’s) bleeding, but the ecosystem is no longer a self-contained crypto-dome. That could also be bad, as Bloomberg’s Matt Levine points out! 

Sherwood News Business Reporter J. Edward Moreno sat down with Pfizer CFO Dave Denton, who told us how 2025 became a “watershed” moment for the pharmaceutical giant and how its Metsera deal fits into the company’s post-Covid plan. He also discussed how AI can aid drug discovery and why he believes Pfizer’s future growth depends on two key tracks.

How drug prices could improve