OpenAI’s Sora Launch
According to WIRED, “OpenAI’s New Sora App Lets You Deepfake Yourself for Entertainment”, OpenAI released Sora, an invite-only iOS app that generates short AI videos and personal likenesses, spotlighting user safety and moderation as DEEPFAKE risks rise. [WIRED](https://www.wired.com/story/openai-sora-app-ai-deepfakes-entertainment/)
California Enacts AI Law
According to Reuters, “California’s Newsom signs law requiring AI safety disclosures”, Governor Newsom signed SB 53 on Sept 29 requiring large AI firms to publish safety plans and report critical incidents, increasing regulatory TRANSPARENCY while industry urges a federal approach. [Reuters](https://www.reuters.com/legal/litigation/californias-newsom-signs-law-requiring-ai-safety-disclosures-2025-09-29/)
Market Bubble Warning
According to Business Insider, “The AI boom could burst like a bubble if tech companies miss their growth forecasts, top economist Steve Hanke says”, economist Steve Hanke warned on Oct 1 that overheated AI valuations risk a market DISRUPTION if firms fail to meet revenue expectations. [Business Insider](https://www.businessinsider.com/steve-hanke-ai-boom-dotcom-bubble-tech-stocks-growth-forecasts-2025-10)
Scope warns on US credit — According to Reuters, “US government shutdown negative for credit rating, Europe’s Scope warns” Scope said the October 1 shutdown and deepening political polarization are credit‑negative, raising the risk of fiscal strain and market volatility tied to the debt outlook. [Reuters](https://www.reuters.com/business/us-government-shutdown-negative-credit-rating-europes-scope-warns-2025-10-01/)
Pharma rally lifts indexes — According to The Wall Street Journal, “Drug Stock Rally Helps Push Dow and S&P 500 to Records” a surge in drug stocks after a White House drug‑pricing move drove stocks to record closes, propping markets even as the shutdown and delayed data cloud the economic picture. [The Wall Street Journal](https://www.wsj.com/finance/stocks/global-stocks-markets-dow-news-10-01-2025-bf78f02f)
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