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• On Wednesday, GOP Rep. Mike Johnson became the newest speaker of the House.
• He's succeeding former Speakers Mike McCarthy and Nancy Pelosi

The spectacle of Mike Flanagan’s The Fall of the House of Usher is undeniable. It’s lush and richly produced, a reinterpretation of Poe’s works that may not offer much that’s different in regards to the plotlines of the integrated stories, but nevertheless offers an incredibly satisfying viewing experience. But Usher…

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• Eric Schmidt invested $100 million in Steel Perlot, a company led by Michelle Ritter, Forbes reported.
• Schmidt, the former CEO of Google, has been romantically linked to Ritter.
• He is a "very, very active chairman," Ritter, the company's CEO, told Forbes of Schmidt.

The former Google CEO

On March 14, just around a month after Russian troops stormed across Ukraine’s western to begin a year’s long bloody battle, Ukrainian president Vladimir Zelensky appeared on a Ukrainian television station and announced his unconditional surrender. The president, wearing his now iconic military green long-sleeve shirt…

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• Donald Trump has a growing number of former allies that may soon become state witnesses.
• The news that former White House chief of staff Mark Meadows is cooperating should concern Trump.
• "The walls to some extent are caving in on him more and more," a former prosecutor

• US stocks fell on Wednesday, dragged down by a sharp sell-off in mega-cap technology stocks.
• Alphabet stock fell 10% after it reported a slowdown in revenue growth for its cloud division.
• Interest rates jumped with the 10-Year US Treasury yield approaching 5% after a weak auction.

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• A startup mass extinction event started earlier this year. 
• It's resulted in a wave of startup bankruptcies and shutdowns. 
• This is beginning to impact the cloud industry. 

In June, we told you about a startup mass extinction event that was just beginning.

Four months later, this wave of shutdowns is rising fast, and it's beginning to drag on

• Ruffer Investing has big positions in the Japanese yen, the world's worst performing currency.
• Though the fund cited poor performance this year, it expects the yen to appreciate "violently."
• Ruffer is known as the "50 Cent" fund for its profitable bets made in the volatility market.

Ruffer Investing, whose winning bets in the volatility market earned it the nickname "50

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• In the United States, roundabouts have only become popular in the past couple decades.
• Experts say that this road feature reduces traffic and car crashes.
• Roundabouts have been popular in other parts of the world for quite a while. 

If you live on the East Coast, you may have driven through roundabouts in your

• Billionaire investor Bill Ackman netted $200 million by betting against 30-year Treasurys, sources told the Financial Times.
• The profit helped Pershing Square's flagship fund gain 11.6% through the year to mid-October.
• Ackman announced on Monday that he closed his short positions, citing growing risks. 

Billionaire

Big changes are coming to Spotify’s royalty model, according to Music Business Worldwide (MBW). If and when they are implemented in early 2024, it will raise the bar for who gets paid from music streaming on the platform — and direct more money to major labels and artists.

Two of the three proposed changes should be relatively uncontroversial. According to