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Sunday, November 1, 2026
Morning edition Business briefing
Listen · 2 min 52 s
Trump defamation suit against Murdoch, WSJ dismissed
A federal judge dismissed Donald Trump's $10 billion defamation lawsuit against The Wall Street Journal and Rupert Murdoch over a story about his ties to Jeffrey Epstein. The judge said Trump was 'grasping at straws.'
Why it matters: The dismissal ends a high-profile legal battle over media coverage of Trump's connections to Epstein.
Sources: CNBC · NPR Business
Wendy's losing burger wars and facing takeover interest
Wendy's has fallen to third place in the burger wars behind Burger King, according to its new CEO, who says quality has slipped. The company is now a potential takeover target for Nelson Peltz.
Why it matters: Wendy's decline in market position highlights challenges in the fast-food industry and may lead to changes in ownership.
Sources: Fortune
German cost of living protests turn violent with shop looting
Shops were looted during violent cost of living protests in several German cities. Similar protests occurred in France on the same day.
Why it matters: The protests highlight growing public frustration over rising living costs in Europe.
Sources: BBC Business
China views yuan as secondary to dollar in global markets
An expert compares the yuan to Pepsi and the dollar to Coke, stating the yuan is not a market leader but can be used when needed. The expert notes the yuan cannot replace the dollar without more accessible renminbi assets.
Why it matters: The yuan's limited role highlights challenges for China in competing with the dollar globally.
Sources: Fortune
Phillies Catcher Garrett Stubbs Updates Fans After Being Cut
Garrett Stubbs, a former Philadelphia Phillies catcher, shared his plans after being released by the team. Fans are reacting to the news of his departure.
Why it matters: Stubbs' move highlights the dynamic nature of professional baseball and the impact of roster changes on players and fans.
Sources: Forbes Business
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