"Tech Prophet" Who Predicted the iPhone Now Predicts...

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before November 18's bombshell.

AP Business News Digest

SETH BORENSTEIN and MELINA WALLING
November 04, 2025

Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.

EU-Britain-Getty-Images-AI-Copyright

Stability AI largely wins UK court battle against Getty Images over copyright and trademark

SUMMARY: Stability AI has mostly prevailed against Getty Images in a British court battle over intellectual property. The judge's decision, released Tuesday, shows Getty narrowly winning its trademark infringement argument but losing its copyright claim. Both sides claimed victory. Getty says the ruling is a significant win for intellectual property owners, while Stability is pleased the copyright concerns are resolved. The case is part of a wave of lawsuits by creative industries against tech companies using their works to train AI. Getty is also pursuing a copyright lawsuit against Stability in the United States.

WORDS: 801 - MOVED: 11/04/2025 6:57 a.m. EST

https://newsroom.ap.org/detail/StabilityAIlargelywinsUKcourtbattleagainstGettyImagesovercopyrightandtrademark/fa2c561a33c7b6714a7657255a3fbdf1/text

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Financial Markets

Wall Street points lower with tech companies that fueled early week rally now in retreat

SUMMARY: Wall Street pointed toward losses before the opening bell as many of the same tech companies that lifted markets a day earlier were seeing their shares sold off. Futures for the S&P 500 slid 1% in premarket trading Tuesday, while the futures for the Dow Jones industrials fell 0.6%. Nasdaq futures tumbled 1.4%. Palantir Technologies lost some of its recent gains, falling 7% overnight even after its third-quarter earnings topped Wall Street targets. Chipmaker Nvidia also reversed course Tuesday, falling 1.7% before the bell. Amazon, whose shares jumped Monday after announcing a $38 billion agreement with OpenAI, fell 1.3%.

WORDS: 606 - MOVED: 11/04/2025 12:04 a.m. EST

https://newsroom.ap.org/detail/WallStreetpointslowerwithtechcompaniesthatfueledearlyweekrallynowinretreat/c339a15fc5beb5a9a95510bde3c8a726/text

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Tesla-Shareholders

Big Tesla investor will vote against Musk's massive pay package

SUMMARY: Norway's sovereign wealth fund, one of Tesla's biggest investors says it will vote against a proposed compensation package that could pay CEO Elon Musk as much as $1 trillion over a decade. There will be more than a dozen company proposals up for a vote Thursday during Tesla's annual meeting, but none have generated more division than Musk's potentially massive pay package. The fund has a 1.16% stake, the sixth largest holding among institutional investors. Baron Capital Management, which holds about 0.4% of Tesla's outstanding shares said Monday that it will vote in favor of the compensation package.

WORDS: 293 - MOVED: 11/04/2025 7:44 a.m. EST

https://newsroom.ap.org/detail/BigTeslainvestorwillvoteagainstMusksmassivepaypackage/2c5a5323a4cd95973d3879a17a3adb8f/text

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US--Boeing-Crash-Lawsuits

Boeing may face its first civil trial seeking damages for deadly Ethiopia crash

SUMMARY: More than six years after a Boeing 737 Max crashed in Ethiopia, the first civil trial related to the disaster is set to proceed. Boeing has settled most wrongful death lawsuits from the March 2019 crash, but two cases may open before a federal court jury as soon as Tuesday. The trial in Chicago wouldn't examine Boeing's liability since the company has already accepted legal responsibility for the crash and a similar one off the coast of Indonesia less than five months earlier. Instead, the jury will decide how much Boeing should pay to the families of a 28-year-old mother originally from Kenya and a 36-year-old United Nations consultant who was from India.

WORDS: 693 - MOVED: 11/04/2025 7:22 a.m. EST

https://newsroom.ap.org/detail/BoeingmayfaceitsfirstciviltrialseekingdamagesfordeadlyEthiopiacrash/84098e93821ccbaace391b3cf72dc866/text

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China-Netherlands-Nexperia

China blames Netherlands for chip supply tensions amid Nexperia standoff

SUMMARY: China's Commerce Ministry has blamed the Netherlands for what it called "chaos" in the semiconductor supply chain. It said Tuesday that a standoff between the two countries over control of chipmaker Nexperia could threaten global car production. Beijing recently allowed Nexperia's Chinese unit to resume exports of its computer chips after weeks of blocking shipments in response to the Dutch government's seizure of control of Nexperia. The Netherlands cited national security concerns in taking control of the company, which is owned by the Chinese company Wingtech. The Chinese Commerce Ministry said the Netherlands had "failed to demonstrate a constructive attitude" and should bear "full responsibility" for any disruptions in chip supplies.

WORDS: 420 - MOVED: 11/04/2025 5:32 a.m. EST

https://newsroom.ap.org/detail/ChinablamesNetherlandsforchipsupplytensionsamidNexperiastandoff/ea07d6f972523a6f31aa05d468e2e018/text

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AS--Japan-Earns-Nintendo

Japanese game maker Nintendo reports zooming sales and profit on its hit Switch 2 machine

SUMMARY: Japanese video-game maker Nintendo's net profit jumped 85% in April-September from the previous year, as its sales more than doubled following the launch of its hit Switch 2 console in June. Nintendo, based in Japan's ancient capital of Kyoto, said Tuesday that its profit for the half-year totaled 198.9 billion yen, or $1.3 billion, up from 108.6 billion yen the year before. Nintendo raised its profit forecast for the full fiscal year through March 2026 to 350 billion yen, or $2.3 billion. It also raised its forecast for Switch 2 machine sales to 19 million units from the earlier 15 million. Nintendo has sold more than 10 million Switch 2 machines.

WORDS: 302 - MOVED: 11/04/2025 2:56 a.m. EST

https://newsroom.ap.org/detail/JapanesegamemakerNintendoreportszoomingsalesandprofitonitshitSwitchmachine/72d9b565b3f1c79191b2aa93144db419/text

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US--Kimberly-Clark-Kenvue

Tylenol, Kleenex, Band-Aid and more put under one roof in $48.7 billion consumer brands deal

SUMMARY: Kimberly-Clark is buying Tylenol maker Kenvue in an approximately $48.7 billion cash-and-stock deal, creating a massive consumer health goods company. The combined company will have a huge stable of household brands under one roof, putting Kenvue's Listerine mouthwash and Band-Aid side-by-side with Kimberly-Clark's Cottonelle toilet paper, Huggies and Kleenex tissues. It will also generate about $32 billion in annual revenue. The deal is expected to close in the second half of next year it it's approved by shareholders from both both companies.

WORDS: 985 - MOVED: 11/03/2025 7:21 a.m. EST

https://newsroom.ap.org/detail/TylenolKleenexBandAidandmoreputunderoneroofinbillionconsumerbrandsdeal/98d5fd39c12b25524e3188da2e840436/text

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EU--France-Shein-Childlike Sex Dolls

France threatens to block Shein over sale of childlike sex dolls ahead of Paris store opening

SUMMARY: French authorities are threatening to ban access to Shein after discovering the e-commerce site sold childlike sex dolls. France's consumer watchdog found the dolls last week, stating they had a child-pornographic nature. The matter has been referred to public prosecutors. Economy minister Roland Lescure said he would call for a ban if it happens again. The watchdog sent a formal notice to Shein, urging prompt action. Shein, founded in China in 2012, is facing criticism for labor practices and environmental issues. The company is set to open its first permanent shop in Paris.

WORDS: 621 - MOVED: 11/03/2025 6:31 a.m. EST

https://newsroom.ap.org/detail/FrancethreatenstoblockSheinoversaleofchildlikesexdollsaheadofParisstoreopening/0ea6afe1594f87fe37afb6a4e64ba4f8/text

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US--OpenAI-Amazon

OpenAI and Amazon sign $38 billion deal for AI computing power

SUMMARY: OpenAI and Amazon have signed a $38 billion deal to run OpenAI's systems on Amazon's cloud services. OpenAI will access hundreds of thousands of Nvidia's AI chips through Amazon Web Services. The deal was announced Monday, just days after OpenAI changed its partnership with Microsoft. Last week, California and Delaware regulators allowed OpenAI to move forward with a new business structure to raise capital and make a profit. Amazon stated that the demand for computing power has surged due to AI advancements. OpenAI will start using AWS immediately, with plans to expand further by 2027.

WORDS: 381 - MOVED: 11/03/2025 9:28 a.m. EST

https://newsroom.ap.org/detail/OpenAIandAmazonsignbilliondealforAIcomputingpower/071e752773dee5713c8b1a10039d08aa/text

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Financial Markets-Box

How major US stock indexes fared Monday, 11/3/2025

SUMMARY: Nvidia and other AI superstar stocks propped up Wall Street. The S&P 500 rose 0.2% Monday, even though the majority of stocks within the index fell. The Dow Jones Industrial Average dropped 0.5%, and the Nasdaq composite rose 0.5%. Nvidia was the strongest force lifting the market, much as it has been throughout 2025. Another AI winner, Amazon, rallied after announcing a deal with OpenAI. They helped offset a big loss for Kimberly-Clark, which fell after saying it would buy Kenvue, the maker of Tylenol. Stock indexes ended mixed in Europe following a stronger finish in Asia.

WORDS: 215 - MOVED: 11/03/2025 4:20 p.m. EST

https://newsroom.ap.org/detail/HowmajorUSstockindexesfaredMonday/3150a93b1c62892a1629a7c63e27d496/text

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Financial Markets

AI darlings prop up Wall Street as most other stocks fall

SUMMARY: Nvidia and other AI superstar stocks propped up Wall Street. The S&P 500 rose 0.2% Monday, even though the majority of stocks within the index fell. The Dow Jones Industrial Average dropped 0.5%, and the Nasdaq composite rose 0.5%. Nvidia was the strongest force lifting the market, much as it has been throughout 2025. Another AI winner, Amazon, rallied after announcing a deal with OpenAI. They helped offset a big loss for Kimberly-Clark, which fell after saying it would buy Kenvue, the maker of Tylenol. Stock indexes ended mixed in Europe following a stronger finish in Asia.

WORDS: 739 - MOVED: 11/02/2025 11:23 p.m. EST

https://newsroom.ap.org/detail/AIdarlingspropupWallStreetasmostotherstocksfall/66f005545f7797d2831237efbd07c736/text

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Britain-Getty-Shutterstock

Getty's $3.7 billion attempt to buy Shutterstock faces in-depth investigation in the UK

SUMMARY: Britain's antitrust watchdog is intensifying its investigation into Getty Images' plan to buy Shutterstock. The $3.7 billion deal would create a visual content giant. On Monday, the Competition and Markets Authority (CMA) announced an in-depth merger investigation. The preliminary inquiry raised concerns about higher prices and lower quality of images. The deal was announced in January amid rising competition from AI-generated images. Getty expressed disappointment but remains committed to the deal. The CMA has until April 16 to decide. The U.S. Department of Justice is also reviewing the transaction.

WORDS: 325 - MOVED: 11/03/2025 12:52 p.m. EST

https://newsroom.ap.org/detail/GettysbillionattempttobuyShutterstockfacesindepthinvestigationintheUK/931d65495ee29345976edfed575eed45/text

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US--Microsoft-Nvidia-UAE

Microsoft to ship 60,000 Nvidia AI chips to UAE under US-approved deal

SUMMARY: Microsoft has announced it will ship Nvidia's advanced AI chips to the United Arab Emirates. The U.S. Commerce Department approved the deal in September. The company plans to send over 60,000 Nvidia chips, including the advanced GB300 Grace Blackwell chips, for use in UAE data centers. This move seems to contradict former President Donald Trump's recent comments about restricting exports of advanced chips. The UAE's access to these chips is linked to its pledge to invest $1.4 trillion in U.S. energy and AI projects. Microsoft's announcement is part of its $15.2 billion investment in UAE technology.

WORDS: 317 - MOVED: 11/03/2025 10:44 a.m. EST

https://newsroom.ap.org/detail/MicrosofttoshipNvidiaAIchipstoUAEunderUSapproveddeal/12ae42b88f4c5fec3cbbff3b4bd1ac0c/text

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US--Microsoft-AI Chips

Microsoft $9.7 billion deal with IREN will give it access to Nvidia chips

SUMMARY: Microsoft has entered into an approximately $9.7 billion cloud services contract with artificial intelligence cloud service provider IREN that will give it access to some of Nvidia's chips. The five-year deal, which includes a 20% prepayment, will help Microsoft as it looks to keep up with AI demand.

WORDS: 326 - MOVED: 11/03/2025 7:29 a.m. EST

https://newsroom.ap.org/detail/MicrosoftbilliondealwithIRENwillgiveitaccesstoNvidiachips/b3d7a6032ad69dcbea43ce88b007fe3f/text

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<END>

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