Rep. McHenry, who was briefly temporary speaker this year, won’t seek re-election. https://ift.tt/Yqz4Zfa

U.S. negotiators made a fresh offer to Russia recently for the release of two American prisoners, including the WSJ’s Gershkovich, but it was rejected. https://ift.tt/jMz3CKv

Israeli forces closed in on southern Gaza’s largest city, Khan Younis, in what is becoming a decisive battle of the war with Hamas in the militant’s group’s last bastion. https://ift.tt/3XQAldV

Developers are launching a series of residential projects in San Francisco, including a 71-story tower, as the city tries to create more housing. https://ift.tt/CZ95TvI

Musk’s AI company, xAI, is looking to raise $1 billion, according to a new filing it made with the SEC. https://ift.tt/lm6yruf

Yields on 10-year notes fell to their lowest level since the summer. The Nasdaq rose 0.3%, while the S&P 500 and Dow industrials lost 0.1% and 0.2%, respectively. https://ift.tt/8loJSTt

A group of activist nuns filed a shareholder lawsuit to pressure Smith & Wesson to drastically change the way it makes and sells its version of the AR-15 rifle. https://ift.tt/XAKfFqP

Procter & Gamble is booking a $1.3 billion charge on its Gillette business, adjusting the value of a shaving giant that it took over nearly two decades ago. https://ift.tt/JxUKNVT

The prospect of Fed rate cuts has helped propel the price of gold to a record—passing a three-year-old mark—as the investing advantage of bonds declines. https://ift.tt/BSMupiL

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