🗞️New Qatar Air Force facility coming to Idaho

...plus mass firings of federal workers has begun and Maria Corina Machado wins Nobel Peace Prize

October 10th, 2025

What happened today 🇺🇸,

  • Defense/War Secretary Hegseth announced that Qatar will build an air force facility at the U.S. Mountain Home Air Force Base in Idaho, where Qatari F-15 fighter jets and pilots will train alongside American military personnel

  • The Trump administration has begun mass firings of federal workers as the government shutdown continues…White House budget director, Russell Vought, announced that "reductions in force" have started

  • President Trump finalized a drug pricing deal with AstraZeneca aimed at lowering medication costs in the U.S., AstraZeneca will supply drugs to Medicaid patients at prices no higher than those in other developed countries through a "most-favored nation" pricing model and will invest $50 billion in U.S. manufacturing and research over the next five years

  • California Governor Newsom signed Senate Bill 79 (SB 79), which is a housing bill aimed at tackling California’s high housing costs by encouraging denser and more residential development near major transit stops in big cities…read more here 

  • The Trump administration has reportedly narrowed its shortlist for the next Federal Reserve chair to five candidates following a series of interviews conducted by Treasury Secretary Scott Bessent, the five candidates include Fed Governor Christopher Waller, Vice Chair Michelle Bowman, White House economic adviser Kevin Hassett, former Fed Governor Kevin Warsh, and BlackRock Fixed Income CIO Rick Rieder

  • President Trump announced new 100% tariffs on China starting November 1st and export controls on "any and all critical software” due to China’s recent export controls on critical rare earth minerals

  • The prediction market platform, Kalshi, has raised $300 million in a Series D funding round led by Sequoia Capital and Andreessen Horowitz, resulting in a $5 billion valuation as the company expands access to users in over 140 countries

  • Morgan Stanley will allow all clients, including those with retirement accounts, to invest in cryptocurrency funds starting October 15th, ending its previous restrictions that limited crypto investments to high-net-worth investors

  • Orvis, the outdoor and sporting goods retailer, announced it will close 31 stores and five outlets by early 2026

  • The latest U.S. consumer sentiment (how Americans are feeling about the economy and their personal finances) data from the University of Michigan for October showed the index at 55.0, slightly down from 55.1 in September

  • DOW down 1.90% / S&P down 2.71%

  • Maria Corina Machado, a prominent Venezuelan opposition leader, has been awarded the 2025 Nobel Peace Prize

Bonus: A look at the best place for air quality in every state

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