$NVDA - NVIDIA HIRES TOP WALL STREET LAW FIRM TO INVESTIGATE JENSEN HUANG Nvidia has hired Wachtell Lipton to investigate CEO Jensen Huang's admitted affair with a Chinese executive accused of espionage, according to The New York Times. The investigation will be led by Joon H. Kim, a former acting US attorney who helped investigate former New York Governor Andrew Cuomo. Nvidia's board says it has no reason to believe company secrets or national security were compromised, but will examine all available evidence. Huang has pledged full cooperation. The investigation puts Nvidia's co-founder and CEO under unprecedented board scrutiny.

DEMOCRATIC SENATE LEADER SCHUMER CALLS TRUMP'S DEFENSE OF NVIDIA'S HUANG "TROUBLING" SCHUMER SAYS FULL ACCOUNTING FOR TRUMP’S ALLEGED "FAILURE TO ADDRESS FOREIGN ESPIONAGE IN THE AMERICAN TECH INDUSTRY" NEEDED

US 10-YEAR TREASURY AUCTION SEES WEAKER DEMAND AS YIELD TOPS 5% The US Treasury sold $42 billion in 10-year notes at a high yield of 5.02%, above the 5.010% when-issued yield before the auction. The bid-to-cover ratio fell to 2.46 from 2.77 at the previous auction, signaling weaker investor demand. The auction tailed by 1 basis point, as investors demanded a higher yield to absorb the debt. Treasury yields are back above 5%, adding pressure to bonds, borrowing costs and equity valuations.

GERMANY FACES NEW JOB CUTS AS ECONOMIC RECOVERY FALTERS Nearly one-third of German companies plan to cut jobs in 2027, according to a survey of more than 1,000 firms by the German Economic Institute (IW). 32% expect layoffs, up from 29% in spring, while only one in six plans to hire. Nearly 40% intend to reduce investment, and 80% expect production to stagnate or decline. Germany's GDP growth slowed to 0.2% in Q3, while 47% of industrial firms report worsening business conditions. IW warns Germany's brief recovery could end in 2027, with business expectations stuck in their longest slump since 2005.