Trump says Russia-Ukraine energy ceasefire agreed but…

Hi there, this is your daily ☕️ Finpresso.

In today's newsletter:

🛢️ Trump says Russia-Ukraine energy ceasefire agreed but unconfirmed

🏦 New committee will investigate Fed governor Lisa Cook

🛒 Amazon may buy AI startup Decart for $7B

🏢 Nvidia eyes bigger stake in Reflection AI

📦 Super Micro contractor admits routing Nvidia chips to China

Plus: 🌍 9 macro stories, 🏢 10 corporate stories, and 📑 6 research & reports.

🛢️ Trump says Russia-Ukraine energy ceasefire agreed but unconfirmed LINK

President Donald Trump said yesterday that Russia and Ukraine have agreed to an immediate energy ceasefire, posting the claim on Truth Social without spelling out the terms or how it would be enforced.
The announcement gave no detail on which facilities are covered, how long the pause lasts, or any system for checking compliance, and Reuters reported neither Kyiv nor Moscow immediately confirmed it.
Ukrainian officials said they learned of the statement by reading it, and Zelensky's earlier offer to halt strikes on Russian diesel sites was conditional on Russia stopping first, leaving reciprocity, not a signed deal, as the open question.

🏦 New committee will investigate Fed governor Lisa Cook LINK

President Trump has reopened his push to remove Federal Reserve governor Lisa Cook, forming a committee on Friday to investigate whether she made false statements on at least one mortgage document.
The panel, staffed by Trump adviser Kevin Hassett and two federal officials, will hold a November 5 White House hearing, stemming from claims Cook named two different homes, in Michigan and Georgia, as her primary residence weeks apart.
Cook, appointed in 2022, survived Trump's 2025 firing attempt when Chief Justice Roberts upheld the Fed's "for cause" removal protections; her lawyers say there is no valid cause and vow to challenge this "latest pretext" to preserve the Fed's independence.

🛒 Amazon may buy AI startup Decart for $7B LINK

Amazon is in talks to buy AI startup Decart in a deal that could be worth about $7 billion, the Wall Street Journal reported yesterday, citing people familiar with the discussions.
The price marks a sharp step up from the roughly $4 billion valuation Decart carried in May; the startup makes software that lets developers move easily between different AI chips and builds models that generate 3D environments.
The talks come as Amazon pushes its own AI chip, Trainium3, as an alternative to Nvidia, having given Decart early access to the chip in 2025, with the Journal saying a deal could come together soon.

🏢 Nvidia eyes bigger stake in Reflection AI LINK

Nvidia is in talks to deepen its stake in or acquire Reflection AI, an open-source startup it already backs, the Financial Times reported on Saturday, citing people with direct knowledge.
Nvidia has already put $800 million into the startup, which was raising fresh capital at a $25 billion valuation before the new money, according to earlier comments from chief executive Misha Laskin.
Any deal could take the form of an acqui-hire, hiring staff and licensing technology rather than a full takeover, potentially sidestepping a lengthy regulatory review, though the talks are early and could still collapse.

📦 Super Micro contractor admits routing Nvidia chips to China LINK

A former Super Micro contractor, Ting-Wei "Willy" Sun, pleaded guilty in a Manhattan federal court on Thursday to illegally routing Nvidia AI servers to China, exposing Washington's difficulty policing restricted technology as it passes through third countries.
Prosecutors say a Southeast Asian intermediary bought nearly $2.5 billion of servers across 2024 and 2025, with at least $510 million secretly shipped to China in weeks in 2025 using falsified paperwork, repackaging, and dummy equipment to fool inspectors.
The case lands amid booming demand, TrendForce sees AI-server shipments up almost 31% this year, but CSIS warns that losing China sales would dent US chipmakers' revenue and research budgets, while tighter curbs could push Chinese buyers toward domestic alternatives.

🌍 Macro News

EU will limit Chinese hybrid-car imports to 350,000 annually starting December. LINK
EU backs 46 strategic minerals projects, requiring €21 billion by 2030. LINK
Iran attacked 11 tankers in Hormuz last week, a wartime record. LINK
Hurricane Isaias shut 1.3 million barrels daily, or 63% of Gulf output. LINK
China's central bank extended its gold-buying streak to 23 months amid dollar concerns. LINK
CFTC plans to regulate event contracts under existing derivatives rules. LINK
US may seize $1 billion in cryptocurrency linked to Iran this week. LINK
Americans' assessment of current conditions hit a record low, weakening sentiment. LINK
Houthi strikes killed 12 and disrupted operations at two Saudi airports. LINK

Netflix shares rose after reports it plans to cut 5% of staff. LINK
TypeSafe AI raised $870 million at a $7.5 billion valuation. LINK
Ramp reportedly reached a $60 billion valuation in its latest funding round. LINK
Tesla renamed Full Self-Driving as Assisted Driving across several European markets. LINK
Ledger confirmed a hidden wallet implant linked to suspected crypto thefts. LINK
Isomorphic Labs is reportedly seeking funding at a valuation above $40 billion. LINK
Son seeks as much as $100 billion from Gulf investors for AI. LINK
Blockchain.com seeks CFTC approval for US prediction markets and crypto derivatives. LINK
Standard Chartered launched institutional custody for Ripple's RLUSD stablecoin in Dubai. LINK
Kraken parent Payward won Dubai approval for dirham-denominated crypto trading. LINK

▲ Biggest winners

Moderna rose 14% after positive Phase 3 melanoma results for cancer vaccine intismeran autogene and Nasdaq-100 index return. LINK

▼ Biggest losers

AST SpaceMobile fell 10% after SpaceX's $8 billion 800 MHz spectrum deal. LINK

Verizon Communications fell 9% after SpaceX agreed to buy Grain Management's nationwide 800 MHz spectrum for Starlink Mobile. LINK

Four-hour batteries now undercut open-cycle gas turbines in all surveyed markets. LINK
Nearly one in five American families fell behind on loan payments. LINK
AI investment's next phase centers on electricity, data centers and financing. LINK
Watchdog warns weak stablecoin oversight and AI cyberattacks threaten financial stability. LINK
Goldman raised its December 2026 Brent forecast to $90, citing supply risks. LINK
AI infrastructure spending supports global growth and boosts Asian hardware suppliers. LINK