Wednesday came with major global and economic headlines as aid trucks finally rolled into Gaza, as tensions eased, and Israel reopened the Rafah crossing.
In the US, Treasury Secretary Scott Bessent says market swings won’t shake trade talks with China.
Apple’s new M5 chip is turning heads with big AI boosts, and Stellantis is betting $13 billion on reviving American manufacturing.
A glance at major developments on Wednesday.
Gaza residents receive aid
Aid trucks finally rolled into Gaza on Friday, after days of tension.
Israel agreed to reopen the main Rafah crossing, which had been shut amid a dispute over the return of the bodies of deceased hostages, a disagreement that nearly derailed the fragile ceasefire with Hamas.
Overnight, Hamas returned more bodies, paving the way for aid deliveries to resume.
Around 600 trucks carrying food, medical supplies, fuel, and materials to repair basic infrastructure are expected to cross the border.
Still, big challenges remain as Hamas hasn’t agreed to disarm, and the question of who will govern Gaza is unresolved.
Meanwhile, the humanitarian crisis is worsening: almost the entire population has been displaced, and famine conditions are being reported.
The reopening of Rafah is seen as a crucial step to get life-saving aid in and allow medical evacuations, all under international supervision.
Trump administration on stock market decline due to the tussle with China
Treasury Secretary Scott Bessent made it clear that the recent ups and downs in the stock market won’t change the US government’s firm stance in trade talks with China.
Speaking at the CNBC Invest in America Forum, Bessent brushed off reports claiming that China expects the US economy to crack under prolonged trade tensions.
He said the negotiations are focused on what’s best for the US economy, not on short-term market swings.
Even with markets reacting to tariff threats and export restrictions, Bessent emphasized that the administration remains committed to solid, long-term economic policies, including major investments in artificial intelligence.
He also noted that while President Trump certainly values a strong stock market, he sees it as the outcome of good policy, not the driver of it.
Apple’s new M5 chip is here
Apple unveiled its new 14-inch MacBook Pro, and it’s powered by the all-new M5 chip, a serious upgrade.
The company says the M5 delivers up to 3.5 times faster AI performance and 1.6 times better graphics than the previous M4 chip.
The chip packs a next-gen GPU with a Neural Accelerator built into every core, plus a 16-core Neural Engine designed to handle AI and machine learning tasks right on the laptop, no cloud needed.
The users will get up to 24 hours of battery life, twice the SSD speed, and a whopping 150GB/s of memory bandwidth.
The MacBook Pro runs on macOS Tahoe, which comes loaded with new AI-driven features. Prices start at ₹1,69,999, and it hits stores on October 22.
Stellantis announces $13 billion US investments
Stellantis is going big on its US manufacturing comeback, as the company just announced a massive $13 billion investment plan over the next four years under CEO Antonio Filosa.
The goal? To boost vehicle production by 50% and add more than 5,000 new jobs across factories in Michigan, Illinois, Indiana, and Ohio.
As part of the plan, Stellantis will roll out five new models, including a midsize truck built in Toledo and a refreshed Dodge Durango coming out of Detroit.
The company also plans to reopen its Belvidere plant to produce new Jeep models.
The investment isn’t just about making more cars; it’s also fueling R&D and supplier partnerships to strengthen its US footprint.
And while Stellantis shares are down about 24% this year, the automaker says it’s keeping its focus on long-term growth and staying aligned with America’s manufacturing push.
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