Plus, Trump’s war on the left.

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Daily Briefing

Daily Briefing

By Kate Turton

Hello. Today's top story is the rejoicing in Israel and Gaza after a ceasefire and hostage deal was announced. We also look inside the plan to investigate liberal groups, and asked Americans who is to blame for the ongoing government shutdown?

Plus, Musk's record Tesla package will pay him tens of billions even if he misses most goals.

 

Today's Top News

 

A Palestinian girl reacts after Israel and Hamas agreed on the first phase of a Gaza ceasefire, Khan Younis, Gaza Strip October 9, 2025. REUTERS/Ramadan Abed

  • Israelis and Palestinians rejoiced after a ceasefire and hostage deal was announced under the first phase of US President Donald Trump's initiative to end the war in Gaza. Here's what we know about the deal. For the latest on geopolitics, energy and finance in the Gulf, sign up to our brand new Gulf Currents newsletter.
  • Americans blame both Republicans and Democrats for the ongoing government shutdown and are worried services could falter as a third of the federal workforce sits on unpaid leave, according to a new Reuters/Ipsos poll.
  • 2025 has already been a bad year for the US travel industry. The federal government shutdown is making it worse. Travelers are starting to cancel trips and avoid airports until lawmakers find a way to reopen the government.
  • French President Emmanuel Macron is searching for his sixth prime minister in under two years, as outgoing Prime Minister Sebastien Lecornu plans a wealth tax to try and win the Socialist opposition's backing for his budget. Carmel Crimmins explains the pitfalls of wealth taxes on the Reuters World News podcast. 
  • A man was arrested in Florida on charges of intentionally igniting what would become California's devastating Palisades Fire, which killed 12 people and wiped out a wealthy enclave of Los Angeles at the start of the year.
  • Pope Leo urged the world's Catholics to help immigrants in his first major document, which invoked one of the late Pope Francis' strongest criticisms of Trump's anti-immigration policies.
  • Cameroonian President Paul Biya is running for an eighth term that could keep him in office until he is nearly 100, seeking to overcome frustration with his decades-long rule and a spirited challenge from a former government mouthpiece.
  • New Zealand's parliament was suspended for a short period when people in the public gallery broke into a haka, a traditional Maori dance, after the newest member of parliament for the Maori party finished her maiden speech.
 

Business & Markets

 

A view of an electric vehicle powertrain system as the new electric technology, Maranello, Italy, in this handout image released on October 8, 2025. Ferrari/Handout via REUTERS

    • Ferrari has unveiled the technology which will power its hotly-anticipated first electric car, the Elettrica, as the 78-year-old luxury Italian sportscar maker looks to add battery power to its hybrid and petrol-engine models.
    • When Tesla directors offered Elon Musk the biggest executive pay package in corporate history, it reassured investors that he would have to achieve the equivalent of “Mars-shot milestones” to earn $878 billion in Tesla stock over 10 years. Yet Musk could reap tens of billions of dollars without meeting most of those targets.
    • From railways and automobiles to metals, coal, diamonds and cement, some of Russia's biggest industrial companies are putting employees on furlough or cutting staff as the war economy slows, domestic demand stalls and exports dry up.
    • China tightened its rare earth export controls, expanding restrictions on processing technology and spelling out its intention to limit exports to overseas defence and semiconductor users.
    • Novo Nordisk has agreed to buy Akero Therapeutics for up to $5.2 billion, giving the Danish drugmaker access to the US-based company's experimental liver disease drug.
    • Saudi Arabia’s sovereign fund and private equity firm Silver Lake are pouring vast resources into their $55 billion acquisition of the ‘FC’ videogame developer. In this Viewsroom podcast, Breakingviews columnists discuss how the record deal turns received M&A wisdom on its head. 
 

Trump’s war on the left: Inside the plan to investigate liberal groups

 

White House Deputy Chief of Staff Stephen Miller speaks to reporters outside the West Wing of the White House, Washington, D.C. October 6, 2025. REUTERS/Kent Nishimura

President Donald Trump's threatened crackdown on the finances and activities of liberal non-profits and groups opposed to his agenda is a multi-agency effort with top White House aide Stephen Miller playing a central role, according to officials.

The Trump administration plans to deploy America's counter-terrorism apparatus - including the FBI, the Department of Homeland Security and the Justice Department - as well as the Internal Revenue Service and the Treasury Department against certain left-wing groups it accuses of funding and organizing political violence, the officials said.

Read our Insight
 

And Finally...

Dolly Parton performs at the 58th Academy of Country Music Awards, Texas, May 11, 2023. REUTERS/Mario Anzuoni

 Country singer Dolly Parton sought to reassure fans about her health after comments by her sister stoked concern that the Grammy winner was near death.

"I ain't dead yet," Parton said in the caption to an Instagram video.

Read more