Bloomberg

The Biden administration has informed Congress of plans to cancel $4.65 billion of Ukraine's debt, according to a letter obtained by Bloomberg News. This move forgives half of a $9 billion loan provided as part of a $60 billion aid package approved in April.

Chinese President Xi Jinping expressed readiness to work with Donald Trump to strengthen US-China relations. During a meeting with Joe Biden, Xi highlighted the importance of long-term peaceful coexistence between the two nations.

Benoit Bosc and Michael Bressler, former executives at Millennium Management LLC and Pimco, have launched a digital-asset consultancy called x2B. Their consultancy will focus on advising clients on token launches and funding.

Markets are showing a surge in optimism amid Trump’s projected victory, with stocks and digital currencies rising as investors anticipate pro-business policies. While this response suggests confidence in near-term growth, there remains uncertainty about the potential impacts on global trade and economic stability.

Apple has initiated an internal study, code-named "Atlas," to gather insights on current smart glasses, indicating a potential entry into this emerging tech space. Led by Apple’s Product Systems Quality team, the study gathers employee feedback and plans future focus groups to explore the possibilities of smart eyewear. This move aligns Apple with competitors like Meta in the race for innovative wearable tech.