Cotton Bounce Higher on the Midweek Session

Cotton prices are down 30 to 40 points so far on Thursday morning. This follows a turnaround on Wednesday, where futures contracts closed with gains of 20 to 25 points across the front months.

The US dollar index fell by $0.400 on Tuesday, reaching 98.410, while crude oil prices edged up by $0.05 per barrel. Meanwhile, Tuesday’s online auction from The Seam reported just 45 bales sold at an average price of 47.24 cents per pound.

The Cotlook A Index dropped another 35 points on October 14, settling at 74.95 cents. ICE certified cotton stocks remained unchanged on the same date, with the certified stocks level steady at 16,593 bales.

Here is a snapshot of recent cotton futures performance:

– December 2025 Cotton closed at 63.76 cents, up 25 points, but is currently down 40 points.
– March 2026 Cotton closed at 65.33 cents, up 24 points, currently down 34 points.
– May 2026 Cotton closed at 66.55 cents, up 24 points, currently down 36 points.

Stay informed on commodity trends— from crude oil to coffee— by signing up for Barchart’s best-in-class commodity analysis, available for free.

*Disclosure:* On the date of publication, Austin Schroeder did not hold positions (directly or indirectly) in any of the securities mentioned in this article. All information and data provided are for informational purposes only. For more details, please see the [Barchart Disclosure Policy](#).

**More news from Barchart:**

– Will Cotton Ever Rally?
– As China Shuns U.S. Ag Products, Make This 1 Trade Now
– Corn, Soybean, Wheat, Cotton: Let’s Break Down What You Need to Be Watching This Week
– Can Cotton Break Out from Its Bearish Trend?

*The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.*
https://www.nasdaq.com/articles/cotton-bounce-higher-midweek-session-0

Tesla Is Still Fighting For Elon Musk’s $56 Billion Payday

Happy Thursday! It’s October 13, 2025, and welcome to *The Morning Shift*, your daily roundup of the top automotive headlines from around the world—all in one place. Here, you’ll find the most important stories shaping the way Americans drive and get around.

In this morning’s edition, we’re looking at Tesla’s ongoing efforts to pay Elon Musk a massive compensation package, Canada’s displeasure with Stellantis over plans to move Jeep production to the United States, threats to federal funding for General Motors and Stellantis, and yet another Ford recall.

### Tesla’s $56 Billion Pay Package Battle Continues

Remember when Elon Musk’s $56 billion pay package was approved, then rescinded, then reinstated, and then rescinded again? Well, Tesla isn’t ready to give up just yet.

According to Reuters, a Tesla attorney argued before the Delaware Supreme Court on Wednesday that Musk’s pay package should have been restored by a shareholder vote last year. This legal battle is entering its final stage after a lower court judge invalidated the CEO’s record-breaking compensation in January 2024.

Tesla is also appealing the court’s rejection of the shareholder vote to reinstate Musk’s pay. This case highlights a familiar dynamic in corporate America: while companies try to pay workers as little as possible, executives often secure enormous compensation packages justified by the need to attract “top talent.”

Of course, executives themselves often set their own pay rates—and that talent attraction rarely trickles down to other roles.

### Canada Threatens Legal Action Over Stellantis Jeep Production Shift

Stellantis manufactures many vehicles in Canada, but after tariffs imposed during the Trump administration, the company has started considering shifting some production to the U.S. Unsurprisingly, Canada isn’t happy.

*Automotive News* reports that Canada has threatened legal action following Stellantis’ announcement to move Jeep Compass SUV manufacturing from Brampton, Ontario, to Belvidere, Illinois.

Canada’s Industry Minister Melanie Joly labeled the move “unacceptable,” pointing out that Stellantis had previously received federal and provincial support based on an agreement to maintain its full Canadian footprint, including the Brampton plant.

Joly demanded Stellantis quickly identify new production mandates for the Brampton facility to keep it central to the company’s manufacturing footprint and ensure contracts with Canadian suppliers are honored.

While Canada may care less about the Compass specifically, the government is adamant that the Brampton factory continues operating. If it switches to making something else, that’s fine, but it has to stay active.

### Federal Funding at Risk for GM and Stellantis Amid Political Shifts

Since the Trump administration prioritized rolling back climate-focused programs, the future of federal funding for progressive initiatives has become uncertain. These programs, often dismissed as “leftist” or “socialist,” include projects supporting electric vehicles and green technology.

*Automotive News* shares that the Department of Energy recently terminated funding for 233 projects described as part of “the Left’s climate agenda.” Included in a leak published by news outlet Semafor on October 7 are several awards tied to automotive giants: five for General Motors, two for Stellantis, plus others involving Bosch and Plug Power.

While the list has not been officially confirmed, Semafor has a reliable track record.

If GM and Stellantis begin losing federal funding—especially given that the U.S. has pushed them to conduct business domestically, sometimes at the expense of international advantages—their financial outlook and strategic calculations could change drastically.

Stay tuned for more updates throughout the day!
https://www.jalopnik.com/1998560/tesla-still-fighting-for-elon-musk-56-billion-dollar-package/

Firmware Notice: Speedlite EL-1, EL-5 and ST-E10

**Firmware Notice: Speedlite EL-1, EL-5, and ST-E10**

Canon has released new firmware updates for the Speedlite EL-1, EL-5, and ST-E10 transmitter. Although this is a small update, it could be very beneficial for anyone using these Speedlites.

**Firmware Versions:**
– EL-1: Version 1.1.0
– EL-5 and ST-E10: Version 1.2.0

This update improves wireless communication stability, enhancing the performance and reliability of your Speedlite units.

You can download the firmware update [here](#).

**Canon Speedlite EL-5**

**About the Author:**
Craig is the founder and editorial director of Canon Rumors. He has been writing about all things Canon for more than 17 years. When he’s not writing, Craig enjoys shooting professional basketball and traveling the world in search of his next wildlife adventure. The Canon EOS R1 is his camera of choice.
https://www.canonrumors.com/firmware-notice-speedlite-el-1-el-5-and-st-e10/

Multiply Group宣布擬透過股權置換收購2PointZero和Ghitha Holding

阿聯阿布達比–(BUSINESS WIRE)–(美國商業資訊)– 總部位於阿布達比、在全球投資和營運業務的投資控股公司 Multiply Group (ADX: MULTIPLY) 今日宣布,其董事會已核准一項提案,擬透過股權置換交易收購 2PointZero 和 Ghitha Holding。

根據擬議條款,Multiply Group 將以發行股票的方式收購 2PointZero 和 Ghitha Holding,隨後透過增發新股完成交易。目前該交易正處於審核階段,仍需獲得股東和主管機關的核准。

2PointZero 是一家變革型投資公司,在能源、礦業和金融服務領域擁有可規模化資產,同時兼具 AI 賦能與能源轉型加速能力,致力於推動更智慧、更永續的未來發展。

Ghitha Holding 是一家首屈一指的綜合企業集團,業務涵蓋農業、食品生產和經銷,在保障糧食安全方面扮演關鍵角色。

這兩家企業分別在能源與消費領域具備互補優勢,而這兩大領域是所有經濟體的核心支柱,既支撐日常生活運轉,也協助全球向更潔淨、更智慧的系統轉型。

此次交易可望透過在單一上市平台整合互補資產,提升 Multiply Group 整個投資組合的價值與競爭力。
http://www.businesswire.com/news/home/20251015061927/zh-HK/?feedref=JjAwJuNHiystnCoBq_hl-Rc4vIAVcHHkbDcwJimU8QtrtlakeQ9hNboBqTAWIjTge3KWq9s9jif-UkBjBsFRyYAbRTSLTc1mgvhPlnaBA55M-oupQnbXnhKsYk8RmHF_kAy2gZikaX3QWV6xOvgFlA==

How The Pieces Add Up: DFUS Headed For $81

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we compared the trading price of each holding against the average analyst 12-month forward target price. From this, we computed the weighted average implied analyst target price for the ETF itself.

For the Dimensional U.S. Equity Market ETF (Symbol: DFUS), we found that the implied analyst target price based on its underlying holdings is $80.80 per unit. With DFUS trading at a recent price near $72.40 per unit, this suggests that analysts see an 11.60% upside for this ETF by looking through to the average analyst targets of its underlying holdings.

Three of DFUS’s underlying holdings stand out with notable upside potential to their analyst target prices:

– **Iovance Biotherapeutics Inc (Symbol: IOVA)**
IOVA has recently traded at $2.24 per share, while the average analyst target price is $9.10 per share—representing a potential upside of 306.25%.

– **Dianthus Therapeutics Inc (Symbol: DNTH)**
DNTH’s recent share price is $36.20, with an average analyst target of $62.73 per share. This indicates a potential upside of 73.28%.

– **Orion SA (Symbol: OEC)**
OEC is currently trading at $6.21 per share. Analysts expect it to reach a target price of $10.50 per share, which is 69.08% above the recent price.

Below is a summary table outlining the current analyst target prices for these stocks:

| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|————————————|——–|————–|—————————-|——————–|
| Dimensional U.S. Equity Market ETF | DFUS | $72.40 | $80.80 | 11.60% |
| Iovance Biotherapeutics Inc | IOVA | $2.24 | $9.10 | 306.25% |
| Dianthus Therapeutics Inc | DNTH | $36.20 | $62.73 | 73.28% |
| Orion SA | OEC | $6.21 | $10.50 | 69.08% |

*Note: A twelve-month price history chart comparing the stock performance of IOVA, DNTH, and OEC is available below.*

**Are Analysts’ Targets Justified?**

Are analysts justified in these targets, or could they be overly optimistic about where these stocks will trade 12 months from now? Do the analysts have a valid basis for their targets, or might they be behind the curve on recent company and industry developments?

A high price target relative to a stock’s current trading price can reflect optimism about the future. However, it can also be a precursor to target price downgrades if the targets were set based on outdated information.

These questions highlight the importance of conducting further research before making investment decisions.

**Related Content:**

– 10 ETFs With Most Upside To Analyst Targets
– CVI Price Target
– Top Ten Hedge Funds Holding ERJ
– AX Market Cap History

*Disclaimer: The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.*
https://www.nasdaq.com/articles/how-pieces-add-dfus-headed-81

Nintendo (NTDOY) addresses recent hacking claims by Crimson Collective

Last week, a group of hackers calling itself the Crimson Collective claimed to have infiltrated Nintendo’s systems and secured a wealth of private data. This week, Nintendo has responded to these allegations.

The gaming giant shared that it has investigated the purported breach. While some servers hosting Nintendo’s webpages may have been defaced, there is no indication that personal or business data were compromised. This information comes from the Japanese publication The Sankei Shimbun, which Nintendo provided an official statement to regarding the matter.

In the statement, Nintendo assured fans that it has found no evidence of any compromised business or user data. The original claim from Crimson Collective surfaced on Twitter on October 11, 2025. The group posted a screenshot showcasing folders organized into categories such as “production,” “staging,” and “dev.”

Despite these claims, Nintendo remains confident that no critical information related to its games or services was leaked or stolen during the incident. Fans can rest assured that Nintendo is handling the situation and maintaining the security of its systems.
https://www.shacknews.com/article/146373/nintendo-ntdoy-crimson-collective-hack

Deepika Padukone becomes Meta AI’s first Indian voice, joins global roster including Awkwafina, Judi Dench and more!

Deepika Padukone has created history by becoming the first Indian to lend her voice to Meta AI, the virtual assistant integrated into Meta’s ecosystem, including the Ray-Ban Meta smart glasses. She joins a prestigious global lineup of voices for the AI assistant, featuring Hollywood celebrities such as Awkwafina and Judi Dench.

This collaboration marks a powerful intersection of technology and culture, positioning Deepika as a bridge between global innovation and Indian identity. Meta announced that users in India will now be able to interact with Meta AI through Deepika’s voice, available in Indian English. Alongside this, the company introduced full Hindi language support and UPI Lite payments, making the experience more localized and personal.

The biggest talking point remains Deepika’s voice — warm, poised, and unmistakably familiar. Known for her global influence and grounded presence, Deepika brings authenticity and emotion to a space often dominated by synthetic tones. Her voice adds a human touch to artificial intelligence, turning digital interactions into something relatable and distinctly Indian.

For millions of users, hearing Deepika guide them through tasks or respond to questions adds a sense of comfort and connection rarely found in technology. This partnership also represents India’s growing significance in the global tech landscape. By featuring Deepika, Meta acknowledges India’s cultural power and linguistic diversity.

This move goes beyond mere convenience; it celebrates representation and the inclusion of an Indian identity within a global product. For Deepika, this step expands her influence beyond cinema into the realm of digital innovation. It’s another milestone in a career defined by versatility, intelligence, and impact.

With this collaboration, she becomes not just the voice of Meta AI but the voice of a new era where technology feels a little more human, and a lot more Indian.

**Also Read:**
Deepika Padukone’s 8-hour work rule sparks debate: Hansal Mehta, Hema Malini, and Sharmila Tagore weigh in

**BOLLYWOOD NEWS LIVE UPDATES**
https://www.bollywoodhungama.com/news/bollywood/deepika-padukone-becomes-meta-ais-first-indian-voice-joins-global-roster-including-awkwafina-judi-dench/

Salesforce jumps 4% after giving new revenue target of $60 billion by 2030

Salesforce (NYSE: CRM) saw its stock price climb approximately 3.6% during after-market trading on Wednesday.

This surge followed the company’s announcement of new long-term revenue targets during its Investor Day at Dreamforce. The updated guidance reflects Salesforce’s growth strategy and future outlook for the coming years.
https://seekingalpha.com/news/4504605-salesforce-jumps-4-after-giving-new-revenue-target-of-60-billion-by-2030?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news

ChainUp Marks 8-Year Anniversary as Institutional Demand for Crypto Infrastructure Surges

SINGAPORE, Oct. 16, 2025 /PRNewswire/ — As the digital asset industry matures from a speculative frontier into a core pillar of global finance, ChainUp is marking its eight-year anniversary by reinforcing its commitment to building the secure, compliant infrastructure that powers this new era. This milestone underscores a strategic vision to meet the accelerating demand for institutional-grade digital asset solutions, with a clear focus on scaling in the world’s most dynamic markets.

“The demand for institutional-grade solutions is driving the next wave of global digital asset growth. This is no longer an industry of a few pioneers, but an ecosystem built for sophisticated businesses that require trust and security at their core,” said Sailor Zhong, Founder & CEO of ChainUp. “Our focus has always been on providing the essential infrastructure that builds trust in this industry, and the market’s overwhelming response validates that vision.”

### Institutional Momentum Reshaping the Market

The broader digital asset landscape is entering a new growth phase, driven by regulated products, tokenized assets, and participation from traditional finance. Key indicators of this structural shift include:

– **ETF Expansion:** The global Bitcoin ETFs have surpassed US$153 billion, highlighting soaring institutional interest. This momentum is creating a powerful spillover effect into corporate treasury strategies, providing treasurers and CFOs with the confidence and validation to consider holding digital assets directly on their balance sheets. As new approvals for crypto-related exchange-traded products (ETPs) accelerate, this trend is further normalizing digital assets as a core component of modern financial portfolios.

– **Regulatory Clarity:** Landmark events such as the passage of the GENIUS Act — which provided crucial clarity to stablecoins — and new frameworks streamlining spot ETF approvals are creating a more predictable and favorable environment for digital asset adoption in major global markets.

– **Tokenization’s Ascent:** Assets Under Management (AUM) for tokenized funds has nearly quadrupled over the past year, as institutions embrace on-chain liquidity. This signals a clear transition toward a financial system built on secure, digital rails.

– **Market Convergence:** Leading crypto exchanges are advancing toward a Universal Exchange (UEX) model that unites digital assets, tokenized securities, and traditional markets in one ecosystem.

### A Strategic Roadmap for a Digital-First Future

With institutional adoption accelerating, ChainUp is positioned to lead the industry’s next chapter by delivering the infrastructure required for secure, compliant, and scalable digital finance. The company’s strategic vision is anchored by a multi-pillar approach:

#### The Foundation of Trust: Institutional Custody

The institutional digital asset custody market is experiencing a period of unprecedented growth. This surge in capital is driven not only by ETFs but a fundamental shift in how corporations manage their reserves. With over $113 billion in Bitcoin held in corporate treasuries, the demand for secure, professional crypto asset management is now at an all-time high.

ChainUp’s zero-incident security record over the past 8 years underpins its commitment to providing the ultimate safeguard for digital assets. Leveraging advanced technologies like multi-party computation (MPC), ChainUp’s institutional-grade custody solution serves as the essential bridge between traditional finance and the crypto economy.

#### Driving Value: Real-World Assets (RWAs) Tokenization

Tokenization of real-world assets has emerged as a key trend, with the market projected to reach $10 trillion by 2030. ChainUp’s infrastructure directly addresses this burgeoning market by providing the secure, scalable models needed to unlock trillions in value.

The company’s white-label tokenization platform enables the creation, management, and secure custody of tokenized assets such as private equity, commodities like gold, real estate, fine art, intellectual property, and more.

#### A Regulatory Backbone: Compliance-First Infrastructure

Navigating a complex and evolving regulatory landscape remains a top priority for institutional clients. ChainUp’s infrastructure is designed to meet this challenge head-on, offering modular solutions that can quickly adapt to new international standards.

Complemented by a suite of compliance tools and advisory services, this approach enables businesses to achieve regulatory clarity, mitigate legal risk, and conduct robust due diligence and risk assessments in an increasingly regulated environment.

#### Real-World Utility of Crypto: Infrastructure for the Digital Economy

The global stablecoin market is projected to exceed US$3.7 trillion by 2030, establishing it as a key driver of transactional volume. ChainUp is positioned to power this growth by providing secure infrastructure for crypto real-world utility.

This includes next-generation payment solutions designed to seamlessly integrate digital assets into daily transactions for both businesses and consumers.

### A New Frontier: Global Strategic Expansion

With key markets like North America and Europe at the forefront of regulatory clarity and institutional adoption, they represent a central pillar of ChainUp’s expansion. The company is committed to building a strong presence in these dynamic markets, leveraging recent regulatory progress to accelerate its delivery of secure and compliant infrastructure.

This strategic move is aimed at attracting a broader client base and accelerating ChainUp’s global scaling.

### Pioneering the Future of Digital Assets

In conjunction with its 8-year milestone, ChainUp recently hosted “The All-Time High (ATH) Night” in Singapore. The exclusive event, held ahead of the globally-acclaimed TOKEN2049 conference, convened over 400 industry leaders and partners to discuss the critical infrastructure needed for mainstream digital asset adoption.

Commenting on the industry’s maturation and ChainUp’s role within it, Chung Ho, Chief Operating Officer of ChainUp, remarked:
“This is an industry moving from promise to purpose. Our focus remains on empowering our clients to drive the future of digital assets by delivering trusted, secure, and scalable solutions needed to turn their vision into value in every major market, from Asia to EMEA and the U.S.”

### About ChainUp

ChainUp, a leading global provider of digital asset solutions, empowers businesses to navigate the complexities of this evolving ecosystem. Founded in 2017 and headquartered in Singapore, ChainUp serves a diverse clientele ranging from Web3 companies to established financial institutions.

ChainUp’s comprehensive suite of solutions includes crypto exchange solutions, liquidity technology, white-label MPC wallets, KYT crypto tracing analytics tools, asset tokenization, crypto asset management, and Web3 infrastructure such as mining, staking, and blockchain APIs.
https://blocktelegraph.io/chainup-marks-8-year-anniversary-as-institutional-demand-for-crypto-infrastructure-surges/

Apex Mining resumes Maco mine activities after Davao quakes

MANILA, Philippines — Apex Mining Co. Inc. has resumed operations at its Maco mine in Davao de Oro as of Wednesday. This follows a temporary closure that was implemented due to recent earthquakes in the area.

The Razon Group’s listed mining company initially suspended operations at the Maco mine last week after receiving an order from the provincial government. The suspension was a precautionary measure to ensure safety and assess any potential damages caused by the seismic activity.

For more details on the recent developments, read: Ports tycoon Razon takes over Apex Mining.

https://business.inquirer.net/552832/apex-mining-resumes-maco-mine-activities-after-davao-quakes