Business News

AM Business Notebook 

For: September 11, 2026

>>Watching Wall Street    

(New York, NY)  --  The opening bell rings this morning on Wall Street, rung by people closely connected to the tragic events of September 11th, 2001.  Stocks closed lower on Thursday amid rising oil prices as the conflict between the U.S. and Iran continues.  Elsewhere, August's producer price index rose a seasonally adjusted point-four-percent for the month as we await word today on the latest data from the consumer price index.  At yesterday's closing bell, the Dow Jones Industrial Average lost 316 points to 52-064.  The S&P 500 fell 44 points to 75-91. The Nasdaq dropped 171 points to 26-081.

 

>>Trump Announces $500 ACA Refunds For Eligible Enrollees

(Dallas, TX)  --  President Trump says nearly a million people will be getting 500-dollar Obamacare refunds starting in October.  The money will go to people in 30 states that use the federally-operated exchange to buy insurance plans under the Affordable Care Act, the formal name for Obamacare.  The money comes after enrollees were hit with massive insurance premiums after Congress let subsidies expire at the end of 2025.  Recipients would mostly be those in middle-income households that don't currently receive federal assistance to pay for insurance premiums.  The 500-million in payments come just before the November midterm elections.  President Trump has also said the government would pay every adult American citizen five-thousand dollars, a total cost of about one-point-two trillion dollars, if Republicans maintain control of Congress.  

>>First Flights Of Air Taxis Starting In Texas 

(San Antonio, TX)  --  Air taxis are taking to the skies in Texas.  The state is launching the first test flights for a pilot program, which has been dubbed Project Nexus.  The state transportation department says the goal is to connect urban centers, rural communities and neighboring states.  They say these initial flights will not carry passengers.  They are designed to collect data on safe flight routes.

 

>>Law Banning Addictive Social Media Features Signed By California Governor

(Sacramento, CA)  --  Tech companies in California will soon be banned from offering addictive social media features to children.  Governor Gavin Newsom has signed several laws, including Assembly Bill 1709, as part of a larger effort to protect kids online.  AB 1709 bans online and social media platforms from offering features that encourage compulsive use to anyone under 16.  Banned features include infinite scroll, autoplay, and any other features the state attorney general may add later.  Some groups criticize the law for limiting young people's access to the internet.  The Electronic Frontier Foundation says the law also raises privacy concerns as companies could be forced to collect more personal information for age checks.  With the dozens of digital safety laws Newsom signed into law Thursday, California now has the strongest online protections for young users in the United States.

 

>>OpenAI Calls For Mandatory AI Safety Requirements

(San Francisco, CA)  --  OpenAI is calling for mandatory safety requirements for its artificial intelligence technology after a series of model hackings and warnings from researchers. In a Wednesday blog post, OpenAI's chief global affairs officer said the industry has "reached a new chapter in AI capabilities" that necessitates new policies. The ChatGPT maker says it's hoping to work with Congress on national AI safety regulation.  It comes after a safety researcher at Anthropic said the chance that AI kills all humans within the next decade is greater than ten percent.  


 

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