Hegseth reaffirms Vietnam partnership and hands over a leather box, belt and knife—wartime artifacts taken by U.S. soldiers

The Pentagon chief has called for stronger ties with Vietnam as discussions about arms supply continue. This is significant as it highlights the growing partnership between the U.S. and Vietnam, particularly in defense, amidst regional security concerns. Strengthening these ties could enhance stability in the Asia-Pacific region and foster cooperation on various security issues.

In a recent interview with 60 Minutes, former President Donald Trump stated that Nvidia is prohibited from selling advanced AI chips to China. This decision highlights ongoing tensions between the U.S. and China regarding technology and trade, as the U.S. seeks to maintain its competitive edge in artificial intelligence. The implications of such restrictions could significantly impact the global tech market and the future of AI development.

The dollar is nearing a three-month peak as investors eagerly anticipate upcoming US data releases. This trend reflects growing confidence in the US economy, which could influence monetary policy decisions. As traders keep a close eye on these developments, the dollar's strength may impact global markets and investment strategies.

The White House has announced that China is set to restart exports of three essential metals, including gallium, to the United States as part of a trade truce. This development is significant as it marks a step towards easing trade tensions and could benefit various industries reliant on these metals, fostering better economic relations between the two countries.

Dr. George F. Tidmarsh, the chief of the FDA's drug unit, has resigned, citing a toxic work environment amid an ethical dispute over his criticisms of a drug and a new fast-track approval program for medications. This resignation raises concerns about the internal culture at the FDA and the potential impact on drug approval processes, which are crucial for public health.

In September, Australia saw a modest rise in household spending, indicating a slight improvement in consumer demand. However, the overall demand remains patchy, suggesting that while some sectors may be recovering, others are still struggling. This trend is important as it reflects the ongoing challenges in the economy and the varying levels of consumer confidence across different regions and industries.

The US Supreme Court is set to make a landmark decision regarding the legality of many tariffs imposed by former President Trump. This ruling could have significant implications for the extent of presidential power in economic matters and could affect billions of dollars in trade. As the world watches, the outcome may reshape future tariff policies and the balance of power between the executive branch and Congress.