The FCC proposed to apply utility-like regulations to U.S. internet service providers, bringing them under so-called net-neutrality rules. https://ift.tt/4AIfdyh

The IRS opened an escape hatch from one of its major tax-enforcement campaigns, giving employers the ability to withdraw pending claims for a pandemic-era tax credit that has become a headache for the agency. https://ift.tt/qL3f5re

China formally arrested a Japanese pharmaceutical executive who had been detained since March, Tokyo said, in a move likely to further chill business travel to the nation. https://ift.tt/5vRimN2

Sidney Powell, a lawyer who played a leading role in the effort to reverse Trump’s 2020 election loss, cut a deal to testify against him and others who Georgia prosecutors allege engaged in a criminal enterprise to subvert democracy. https://ift.tt/kqcQH7l

Russian authorities detained an editor for Radio Free Europe/Radio Liberty for failing to register as a foreign agent, marking the second detention of an American journalist in Russia this year. https://ift.tt/D9FvpsJ

U.S. forces in the Middle East came under attack several times this week, a potential sign of heightened aggression toward the U.S. following Hamas’s terrorist attack on southern Israel. https://ift.tt/az7Sobg

President Biden declared the world at an “inflection point in history” in an Oval Office address, linking Israel’s battle against Hamas to Ukraine’s fight against Russia and stressing the need for the U.S. to continue funding both wars, a day after his trip to Tel Aviv. https://ift.tt/U6FxZtH

Union Pacific’s profit fell 19% in the third quarter to $1.5 billion, while the company reported declining freight rail volumes and revenue across key industrial commodities. https://ift.tt/RAJ9Q6M

Hong Kong Exchanges & Clearing Third-Quarter Profit Rose 30% https://ift.tt/GnBqLFo

China Restricts Exports of Some Graphite Products https://ift.tt/KtsxJUe