The Trahan-Obernolte discussion draft text has dropped. I'm going to publish a longer and more carefully considered piece on this in the near future, but quick takes for twitter: I think the substance of the catastrophic risk provisions (IVO-style auditing and SB 53-style transparency, both with fairly robust rulemaking authority; incident reporting; whistleblower protections) is quite good, for the most part. Not absolutely perfect, but better than any other federal cat-risk bill that's been introduced so far. Unfortunately, I also think that the preemption (all state laws regulating development) is far too broad, and that this makes the bill as drafted a bad deal overall. Currently, you're preempting (for example) a broad range of state child safety laws, in exchange for a federal framework that (from what I've seen so far; I have not yet read all 270 pages) doesn't include substantial federal child safety protections. And it's not just child safety, it's every possible current or future state law that regulates development. If you narrowed the preemption to avoid that kind of asymmetry between the policies you're implementing federally and the policies you're eliminating at the state level, I think I would strongly support a bill like this. It doesn't have to be completely 1:1, necessarily; something like @deanwball's proposal, which preempted five specific categories of state law in exchange for federal transparency, might be good enough (depending on the details). Tl;dr. -- the draft is quite good on substance, but quite bad on preemption, and therefore (IMO) a bad deal overall. My hope is that it's a step in the right direction, and that as discussion continues the preemption section can evolve into something that makes more sense in terms of both politics and policy.

KOSPI crossed 7,000 and then slipped back. The tape is still a chip tape. At 10:10 a.m. on Sept. 21, had the index at 6,993, up 99 points or 1.45%. It opened at 6,938.34 and briefly hit 7,007.1. US futures were mixed Friday. The Philadelphia semiconductor index jumped 2.78%. Nvidia, Micron, Broadcom, and AMD all rose. The 10-year Treasury yield sat back above 5%. On KOSPI, Samsung Electronics was up 3.45% at 270,000 won. SK Hynix was up 0.92% at 1.874 million. Samsung preferred, SK Square, Samsung C&T, and Samsung Electro-Mechanics also rose. LG Energy Solution and Hyundai Motor lagged. KOSDAQ was at 834.13, up 0.85%, after dipping to 823. Retail bought that market. Foreigners and institutions sold.

CPM Trade Signal - September 17, 2026 (Opinion) CPM Gold Trade Recommendation Time Stamp Prices as of 1:08 p.m. EDT 17 September 2026 $4,403.40 (Basis the December 2026 Comex contract). Recommendation: Buy Initial Target Price / Range: $4,590 Initial Timeframe: 17 September 2026 to 2 October 2026 Stop Loss: $4,270 Following the Fed’s decision yesterday gold prices fell below $4,300, but have since moved back to moving on either side of $4,400. Gold prices have been in a declining trend since 25 August, when prices peaked at $4,755. In CPM’s view this trend appears to be turning. Prices have managed to hold above support levels over the past several days, this week. Technicals appear to be gradually trending higher. This coupled with fundamentals and everything that is happening politically around the world could begin to push prices sharply higher in the months ahead. Can prices still fall in the very near term? Yes, but if they don’t then there is the possibility of potentially missing a large run up in prices.

HOLY CR*P 🚨 - Democrats did give MILLIONS of illegals Social Security Numbers - They were REGISTERING TO VOTE - Elon Musk has confirmation THEY DID VOTE - Democrats qualified illegals for MAX SOCIAL SECURITY BENEFITS - They enrolled in Medicaid with their new Social Security Numbers See graph in video: “Then you'll notice there's a strange, what jumped out at us when we saw these numbers. We're like, what is this? In 2021, you see 270,000 people, it goes all the way to 2.1 million and 2024. These are non-citizens that are getting social security numbers. This is a mind-blowing charge. This literally blew us away.” “If I hadn't seen this myself, I'm not sure I believed it. I went through it myself and mapped it. And Elon is right. This is true. The defaults in the system from social security to all of the benefit programs have been set to max inclusion, MAX PAY for these people and minimum collection. We found 1.3 million of them already on Medicaid as an example. We've gone through on every benefit program we went through, we found groups from this particular group of people, this 5.5 million people in those benefit programs. And then what was really, really disturbing us was why we're asking ourselves why. So we actually just took a sample and looked at voter registration records and we found people here registered to vote in this population. Yes. Who did vote? We found some by sampling that ACTUALLY DID VOTE. We have referred them to prosecution at the Homeland Security Investigation Service. Yeah. Already, already. That is already happening right now. The truly disturbing thing though, I just want you to know this, a truly disturbing thing to me, and the darkest thing about this, to me, the voter fraud is terrible.”

$PGR（Progressive） 5.8.1 快照与技术选股归属：现价222.88，市值129.58B，52周区间189.2到239.38，现金及等价物138.0M，短期投资10005.0M，流动性合计10143.0M，季度经营现金流3607.0M为正，跑道不适用（经营现金流为正，不依赖现金消耗），年度财报12/31/2025收入87671.0M，净利润11308.0M，研发无M，资本支出-348.0M，季度财报6/30/2026收入23609.0M，净利润3311.0M，流动比率nan%，毛利率17.18%，营业利润率16.54%（数据来源：个股基本面快照，2026-10-14）；技术选股D组硬条件命中，分数58.55，获利盘93.15%，套牢盘6.85%，90%集中度6.92（数据来源：技术选股，2026-10-14）。 5.8.2 主营业务与产品技术亮点：Progressive是美国车险龙头，主营个人汽车保险、房屋保险与商业保险。核心技术亮点包括直接分销与代理人双渠道，基于驾驶行为的UBI定价技术，理赔数字化与快速结算能力。本条不写数字。 5.8.3 事件促发点：2026-10-14 Progressive发布财报，预期EPS为4.46，涉及季度业绩，量级判断重大，方向待定（数据来源：未来5日财报日历，2026-10-14）。暂无其他已公开促发点。 5.8.4 大行研报与消息汇总：目标价均值无，买入无，持有无，卖出无（数据来源：Nasdaq分析师库，2026-10-14）。Barclays目标价246上调至247，上调0.4%，头部国际大行，距现价16.4%（数据来源：MarketBeat 2026-10-07）；HSBC目标价221下调至216，下调-2.3%，非头部，距现价1.79%（数据来源：MarketBeat 2026-10-07）。消息面：Zacks对PGR发出混合展望（Foreign Policy Journal 2026-10-13）。 5.8.5 关键价位、触发与失效：日线支撑筹码峰206.04距现价8.17%，日线压力20日高223.78距现价0.4%，周线支撑周线MA10为216.7距现价2.77%，周线压力52周高239.38距现价7.4%（数据来源：个股筹码四元组与关键价位，2026-10-14）。触发条件为放量突破20日高223.78，失效条件为跌破筹码峰206.04。资金共振同向项数2项（数据来源：3.1节，2026-10-14）。 5.8.6 情景：牛档239.38（周线压力52周高），基准档223.78（日线压力20日高），熊档206.04（日线支撑筹码峰）。从现价到周线压力空间7.4%。 5.8.7 结论：等触发，1到2周期望幅度至223.78约0.4%，赔率中性，建议观察，最大风险是财报不及预期。第一目标223.78，第二目标239.38。 5.9 $BIIB（Biogen） 5.9.1 快照与技术选股归属：现价228.9，市值33.82B，52周区间138.0到238.24，现金及等价物3008.5M，短期投资807.2M，流动性合计3815.7M，季度经营现金流448.9M为正，跑道不适用（经营现金流为正，不依赖现金消耗），年度财报12/31/2025收入9890.6M，净利润1292.9M，研发1778.6M，资本支出-153.8M，季度财报6/30/2026收入2736.0M，净利润97.5M，流动比率267.9%，毛利率75.69%，营业利润率18.83%（数据来源：个股基本面快照，2026-10-14）；技术选股D组硬条件命中，分数38.68，获利盘97.73%，套牢盘2.27%，90%集中度11.81（数据来源：技术选股，2026-10-14）。 5.9.2 主营业务与产品技术亮点：Biogen是生物技术公司，主营多发性硬化、阿尔茨海默病与神经科学药物。核心技术亮点包括神经科学管线深度，阿尔茨海默病抗体药物，与Eisai等合作伙伴的全球商业化能力。本条不写数字。 5.9.3 事件促发点：2026-10-12 JPMorgan升级至Overweight，目标价210上调至300，涉及评级与目标价，量级判断重大，方向利多（数据来源：MarketBeat 2026-10-12）。暂无其他已公开促发点。 5.9.4 大行研报与消息汇总：目标价均值241.96，区间175.0到300.0，买入17家，持有6家，卖出1家，下期EPS预测12.41（Dec 2026），近4周EPS上修2家下修1家（数据来源：Nasdaq分析师库，2026-10-14）。JPMorgan升级至Overweight，目标价210上调至300，上调42.9%，头部五大，距现价32.91%（数据来源：MarketBeat 2026-10-12）；UBS目标价240上调至270，上调12.5%，头部国际大行，距现价21.7%（数据来源：MarketBeat 2026-10-09）；BMO目标价未披露至220，来源弱，非头部，距现价-5.12%（数据来源：MarketBeat 2026-10-12）。消息面：无。 5.9.5 关键价位、触发与失效：日线支撑筹码峰217.12距现价5.43%，日线压力20日高238.24距现价4.08%，周线支撑周线MA10为221.97距现价3.03%，周线压力52周高238.24距现价4.08%（数据来源：个股筹码四元组与关键价位，2026-10-14）。触发条件为放量突破20日高238.24，失效条件为跌破筹码峰217.12。资金共振同向项数3项（数据来源：3.1节，2026-10-14）。 5.9.6 情景：牛档238.24（周线压力52周高，与日线压力同位），基准档217.12（日线支撑筹码峰），熊档221.97（周线支撑周线MA10）。从现价到周线压力空间4.08%。 5.9.7 结论：可买，1到2周期望幅度至238.24约4.1%，赔率中性偏多，建议半仓，最大风险是神经科学药物竞争加剧。第一目标238.24，第二目标无更高参照，突破后重算。

Today was a big day. 45 Cybercabs hit the Texas commercial AV registry in ONE day. Specifically for Austin. Go back to June 22, 2025. Tesla launched paid Robotaxi service in Austin with roughly 10-20 Model Ys. I was there. I was one of the first people Tesla invited to ride, and I took my first Robotaxi ride that day. There was still a safety monitor in the car. And there was no public VIN list. For almost a year, you basically had to watch Tesla build this thing from the outside. Then May 28, 2026. The public registry showed up: 42 Model Ys. Then the numbers start growing little by little... Fast forward to August 27... 270 Tesla Robotaxis registered. This was more than a year of Tesla slowly building the Model Y Robotaxi fleet. A few here. A few there. Test, learn, improve. People called it slow, said it would be a failure. Then today happened. August 31, 2026. 45 Cybercabs appeared on that same list in a SINGLE DAY. 269 Model Ys. 45 Cybercabs. Now there are 314 Tesla Robotaxis registered in Texas, Austin. Cybercab already represents about 14% of the registered fleet. And every single one of those 45 Cybercabs was added today. Probably some people are looking at this 45 number and are thinking... “That's it?” But for me, I'm looking at the shape of the graph, I built with my Grok Bot - Grok Build. For more than a year, almost everything is blue. Model Y... Model Y... Model Y. Then suddenly an entirely new vehicle appears on top of it. 45 of them... in one day. It's slow at first. Then it's all of a sudden. For those that have followed this story, know that this has been the Elon playbook for years. You first start small. Then you prove that it works. Then you make it safer. Then you make it better. Then you attack scale. For example... The Roadster came first. Then the Model S and X. Then the Model 3 and Model Y took Tesla to volume. Also... Autopilot crawled before FSD could run. FSD spent years improving before Robotaxi. Robotaxi started with Model Ys and a person sitting in the car. Then came unsupervised operation. And now the purpose-built Cybercab is entering the commercial fleet with no wheel and no pedals. It's the same pattern. The Model Ys and the Tesla fleet did the groundwork. These robot-on-wheels collected the miles. They taught the software. They helped Tesla learn how to operate an actual Robotaxi network. And now the vehicle designed specifically for that network is starting to show up. Giga Texas is listed with installed capacity for more than 125,000 Cybercabs per year. 45 is simply the first day we can actually see a meaningful Cybercab fleet showing up on paper. That's the part investors should be paying attention to. Bc if this follows the same Tesla pattern we've watched for years, the important number is what comes AFTER the 45. I think these numbers are going to look like peanuts in years. This feels like the beginning of something very different. Today was a historic day in my books. And now we got the official Cybercab launch in 3 days. LFG Tesla. LFG Elon. Me and many people that have been here since day 1 are rooting for you. See you soon for this monumental day.

George Kirby owns a 1.67 ERA (5 ER, 27.0 IP) over his last 4 home starts since June 17, ranking 5th in @MLB during that span (min. 25.0 IP at home). ⚾️: 6:50 p.m. PT (vs. Rays) 📺: 📻: @SeattleSports 📝:

270M+ miles. 841 fewer injury-causing crashes. Our latest safety data shows the Waymo Driver continues to make roads safer for everyone. Compared to human drivers across 5 territories, it reduced: 📉 Injury crashes by 82% 📉 Serious injury crashes by 95% Full data: