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What you need to know today · Monday, 12 October 2026

Midterm politics shape two stories today: a Russian diesel import deal and a Michigan Senate debate over anti-Muslim rhetoric. Also in focus are a scrapped AI data center IPO, new pediatric obesity drug guidelines and the 49ers' 5-0 start.

  1. 1 49ers' Perfect Start Tests NFL Competitive BalanceThe 49ers are 5-0 after five weeks, prompting questions about whether NFL scheduling and salary cap rules truly level the playing field.
  2. 2 Trump Eyes Russian Diesel Deal Before MidtermsA surprise Russian diesel import deal has Wall Street weighing the effect on refiners and fuel prices ahead of November's midterm elections.
  3. 3 Global Health Bodies Restrict Pediatric Weight-Loss DrugsNew international guidelines discourage weight-loss drugs for children under 10, raising questions for US drugmakers targeting pediatric obesity.
  4. 4 Michigan Senate race tests limits of anti-Muslim rhetoricA heated Michigan Senate debate over anti-Muslim rhetoric draws scrutiny as both parties sharpen their messaging weeks before the midterms.
  5. 5 Nvidia-backed Firmus scraps IPO amid AI data center doubtsNvidia-backed Firmus scrapped its IPO citing market volatility, adding doubts about the sustainability of AI data center valuations.

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