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  • Jensen Huang says Nvidia went from 95% market share in China to 0%

    Jensen Huang says Nvidia went from 95% market share in China to 0%

    Nvidia CEO Jensen Huang urged nuance when it comes to regulating China’s access to U.S. technologies that are critical to developing artificial intelligence.

    In an interview with Citadel Securities on Tuesday, he warned that what harms China can often harm the U.S., and sometimes even in worse ways.

    “Before we leap towards policies that are hurtful to other people, take a step back and maybe reflect on what are the policies that are helpful to America,” Huang said.

    His words of caution come as Nvidia processors have become hot commodities in the AI race as well as political bargaining chips in the U.S.-China trade war.

    Huang said he’d like the world to run on U.S. know-how, but noted about half the world’s AI researchers are in China.

    “I think it’s a mistake to not have those researchers build AI on American technology,” he added.

    Trying to strike a balance between his goal of maintaining U.S. tech supremacy along with access to China will require nuance rather than an all-or-nothing approach, Huang said. But that’s not the case now, as Nvidia is “100% out of China.”

    “We went from 95% market share to 0%, and so I can’t imagine any policymaker thinking that that’s a good idea, that whatever policy we implemented caused America to lose one of the largest markets in the world,” he said.

    He didn’t name names, or administrations. But the Biden administration imposed rules in 2022 to restrict the export of Nvidia’s most advanced AI chips to China, leading the company to design a processor that met the new limits.

    In April, Nvidia said the Trump administration blocked the sale of some of its AI chips to China without licenses and would require them for future sales. Then in August, the administration granted export licenses for certain Nvidia and AMD chips to China in exchange for 15% of the revenues.

    But Chinese regulators have reportedly told domestic tech companies not to buy Nvidia chips that were designed to meet U.S. export requirements.

    Meanwhile, Beijing placed strict limits on exports of rare earths, a critical input for a wide range of advanced technologies, mimicking U.S. export rules on AI chips.

    That prompted President Donald Trump to fire back with an additional 100% tariff on Chinese goods. Officials from both sides are due to resume talks this week, ahead of a planned meeting with Trump and his Chinese counterpart later this month.

    For now, Huang told Citadel that all of Nvidia’s financial forecasts assume China will remain out of the picture.

    “If anything happens in China, which I hope it will, it’ll be a bonus,” he said. “But it’s a large market. China is the second largest computer market in the world. It is a vibrant ecosystem. I think it’s a mistake for the United States to not participate. So hopefully we’ll continue to explain and inform and hold out hope for a change in policy.”

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  • Week Ahead for FX, Bonds: U.S. Inflation, PMI -2-

    Week Ahead for FX, Bonds: U.S. Inflation, PMI -2-

    For September, retail sales, a key gauge of consumption, likely grew 3.0% on year, down from August’s 3.4% increase, the poll shows. Industrial production is estimated to have grown 5.3%, marginally above August’s 5.2%. Fixed-asset investment likely stayed flat in the first three quarters of the year, compared with a 0.5% rise through August. Property data due the same day are expected to show another weak month for the housing sector.

    The People’s Bank of China will also announce the country’s benchmark lending rates on Monday, which are widely expected to remain unchanged.

    Separately, China’s ruling communist elites are set to convene a meeting from Monday to Thursday to review the country’s 15th Five-Year Plan, mapping out key policy initiatives for the world’s second-largest economy for the rest of the decade. While detailed targets will be unveiled next March, economists at Morgan Stanley expect the focus to remain on “technological self-sufficiency, innovation and national security,” with limited market-moving surprises.

    Australia / New Zealand

    In Australia, attention will be focused on further communication from the Reserve Bank of Australia. While senior officials have recently signaled more interest-rate cuts, they may start rowing back those comments after data showed unemployment jumped to its highest level since late 2021.

    Even with inflation risks lingering, the rise in unemployment to 4.5% in September adds pressure on the RBA to keep lowering the official cash rate. The increase may reflect weaker government hiring and continued softness in the private sector, compounded by global trade uncertainty and China's tariff headwinds.

    A speech by RBA Gov. Michele Bullock on Friday will be a key focus in an otherwise light data week.

    In New Zealand, third-quarter inflation data on Monday will draw close attention. Policymakers appear increasingly attuned to signs of weakness, making further rate cuts all but certain.

    Indonesia

    Bank Indonesia is set to announce its policy decision on Wednesday and is widely expected to continue cutting interest rates to support growth.

    UOB economist Enrico Tanuwidjaja thinks the easing cycle is not complete, but the end is near. He expects a 25-basis-point cut to 4.50% in October, followed by another reduction in the first quarter of 2026, with rates likely to remain steady through the year after that.

    Malaysia

    Malaysia's September inflation data is likely to show a small uptick in price pressures but not enough to move the needle for the central bank.

    ANZ expects CPI to have edged up to 1.5% from 1.3% in August, driven by slightly higher utilities and transport costs. However, with the government reduction of fuel prices, transport inflation could ease in the coming months, ANZ said.

    Overall, inflation is expected to stay subdued, supported by weak global commodity prices and moderating domestic demand. ANZ doesn't anticipate Bank Negara Malaysia to cut rates again soon unless growth weakens significantly.

    South Korea

    The Bank of Korea is expected to hold rates when the monetary policy board meets on Thursday, keeping policy settings unchanged for a third consecutive session.

    Analysts have recently pushed back forecasts for the central bank to deliver a rate cut from October to November or later, citing continued financial stability risks tied to household debt and Seoul's overheated property market. Lower borrowing costs could further stoke mortgage lending, complicating the BOK's decision.

    Goldman Sachs economists said the government's latest housing stabilization measures-tightening mortgage and property transaction rules-support the case for the BOK to hold rates in October while signaling a dovish bias for November.

    The central bank may wait for home prices to stabilize before delivering another cut, Citigroup economist Jin-Wook Kim said.

    Singapore

    Singapore will release its September inflation data on Thursday. The central bank recently said core inflation, a measure excluding private road transport and accommodation, could bottom out soon and rise gradually in 2026.

    Core inflation cooled to 0.3% on year in August from 0.5% in July. ANZ Research expects September to mark the low point of weak inflation, forecasting a 0.2% on-year rise in core prices and a 0.6% gain in headline inflation.

    Any references to days are in local times.

    Write to Jessica Fleetham at jessica.fleetham@wsj.com and Jihye Lee at jihye.lee@wsj.com

    (END) Dow Jones Newswires

    October 19, 2025 17:14 ET (21:14 GMT)

    Copyright (c) 2025 Dow Jones & Company, Inc.

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  • LEGO Mandalorian Battle Set Hits New Record Low, Amazon Clears Stock of This Star Wars Set

    LEGO Mandalorian Battle Set Hits New Record Low, Amazon Clears Stock of This Star Wars Set

    LEGO rarely discounts its sets on its own website and prefers to maintain consistent pricing across its catalog. That’s what makes Amazon’s periodic deals so valuable for Star Wars fans. Right now, several iconic sets have dropped to…

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  • Multiple Small Bowel and Colonic Perforations Secondary to Cytomegalovirus Infection in a Newly Diagnosed AIDS Patient

    Multiple Small Bowel and Colonic Perforations Secondary to Cytomegalovirus Infection in a Newly Diagnosed AIDS Patient

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  • Pebble is officially back in the App Store and on Google Play.

    Pebble is officially back in the App Store and on Google Play.

    Pebble is officially back in the App Store and on Google Play.

    Earlier this month the Pebble app returned to iOS and Android with support not just for the new generation of Pebble smartwatches, but also the…

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  • Charles Leclerc takes your vote with Texas podium for Ferrari

    Charles Leclerc takes your vote with Texas podium for Ferrari

    A superb start from Charles Leclerc lifted him from P3 to P2 in Austin – and a masterclass in defensive driving kept the Ferrari man there for much of the afternoon, despite the best efforts of a marauding Lando Norris.

    Ultimately Leclerc had to…

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  • Getafe 0-1 Real Madrid (Oct 19, 2025) Game Analysis

    Getafe 0-1 Real Madrid (Oct 19, 2025) Game Analysis

    Kylian Mbappé continued his rampant form at the start of the LaLiga season to lead Real Madrid to a 1-0 victory on Sunday and retake top spot in the table.

    The game hinged on a bizarre turn of events in the second half when Getafe’s Allan Nyom…

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  • A Raspberry Pi is a better addition to your TV than a Chromecast

    A Raspberry Pi is a better addition to your TV than a Chromecast

    Chromecast was revolutionary when it launched because it turned your normal TV into a system capable of running multiple streaming apps. Even a smart TV that dropped support for apps could gain a new life with a Chromecast. However, there have…

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  • Trodelvy Improves Survival in EGFR-Mutated Non-Small Cell Lung Cancer

    Trodelvy Improves Survival in EGFR-Mutated Non-Small Cell Lung Cancer

    Trodelvy (sacituzumab govitecan) led to a 51% reduction in the risk of progression or death compared with chemotherapy in patients with nonsquamous epidermal growth factor receptor–mutated non–small cell lung cancer that developed epidermal growth factor receptor tyrosine kinase inhibitor resistance, according to phase 3 results of the OptiTROP-Lung04 study presented during the European Society of Medical Oncology Congress 2025.

    Results showed that, at a median follow-up of 18.9 months, the median progression-free survival assessed by blinded independent central review was 8.3 months with Trodelvy and 4.3 months with chemotherapy. The 12-month progression-free survival rates were 32% and 8%, respectively. The benefit with Trodelvy was observed across all prespecified subgroups.

    The investigator-assessed median progression-free survival was 8.4 months with Trodelvy and 4.8 months with chemotherapy. The 12-month rates were 35% and 11%, respectively.

    “Trodelvy demonstrated statistically significant and clinically meaningful improvements in progression-free and overall survival compared to platinum-based chemotherapy,” lead study author Dr. Li Zhang, professor of medical oncology at Sun Yat-sen University Cancer Center in Guangzhou, China, said in an oral presentation of the data. “The results of the OptiTROP-Lung04 study support Trodelvy as a promising new treatment option for patients with EGFR-mutated non–small cell lung cancer with epidermal growth factor receptor tyrosine kinase inhibitor resistance.”

    Trodelvy is a TROP2 antibody-drug conjugate with a unique biofunctional linker that maximizes delivery of a belotecan-derivative topoisomerase I inhibitor payload to tumor cells. TROP2 is highly expressed in patients with EGFR-mutated non–small cell lung cancer, and preclinical data have shown that Trodelvy internalization and uptake are enhanced by EGFR mutations.

    Glossary

    Progression-free survival (PFS): time during and after treatment that a patient lives without cancer growing or spreading.

    Overall survival (OS): time from treatment start or diagnosis until death from any cause.

    Objective response rate (ORR): percentage of patients whose cancer shrinks or disappears after treatment.

    Disease control rate (DCR): percentage of patients whose cancer shrinks, disappears, or remains stable after treatment.

    Duration of response (DOR): length of time a treatment keeps cancer under control after it first responds.

    Investigator-assessed PFS: progression-free survival measured by the trial’s treating investigators rather than an independent review.

    Current standard options for patients who relapse on third-generation EGFR tyrosine kinase inhibitors remain platinum-based chemotherapy, but more options are needed.

    In the multicenter, open-label, phase 3 OptiTROP-Lung04 trial, 376 patients with nonsquamous stage 3B/3C or 4 non–small cell lung cancer with EGFR-sensitive mutations were randomly assigned 1:1 to receive Trodelvy at five milligrams per kilogram intravenously every two weeks or Alimta at 500 milligrams per square meter plus carboplatin area under the curve 5 or cisplatin at 75 milligrams per square meter every three weeks for up to four cycles, followed by Alimta maintenance at 500 milligrams per square meter every three weeks. Treatment was given until disease progression, intolerable toxicity, or patient request to discontinue therapy.

    To be eligible for enrollment, patients needed to have an Eastern Cooperative Oncology Group performance status of zero or one and progression after third-generation tyrosine kinase inhibitor therapy or progression after first- or second-generation tyrosine kinase inhibitors with T790M-negative mutations.

    Stratification factors included prior EGFR tyrosine kinase inhibitor therapy (third-generation in frontline versus second line versus no third-generation) or brain metastases (yes versus no).

    The primary end point was progression-free survival assessed by blinded independent central review; secondary end points were overall survival, investigator-assessed progression-free survival, objective response rate, disease control rate, duration of response, and safety.

    A total 148 patients on Trodelvy discontinued treatment due to disease progression (125 patients), patient or guardian withdrawal (12 patients), death (6 patients), side effects (2 patients), or other (3 patients). In the chemotherapy arm, 179 patients discontinued treatment due to disease progression (140 patients), patient/guardian withdrawal (16 patients), death (9 patients), side effects (5 patients), protocol deviation (2 patients), or other (7 patients). A total 69 and 102 patients in each arm, respectively, discontinued from the study due to death (67 and 101 patients) or were lost to follow-up (2 and 1 patients).

    Patient baseline characteristics were generally well balanced between the Trodelvy (188 patients) and chemotherapy arms (188 patients). The median age was 60 years and 59 years, and 31% and 27% were at least 65 years. Most had a performance status of 1 (81% and 77%), had no smoking history (77% and 72%), had stage 4 disease (97% and 98%), and at least three metastatic sites (68% and 67%). A total 18% and 19% had brain metastases, and 13% and 18% had liver metastases. The majority in each arm had exon 19 deletions (56% and 63%), had unknown T790M mutation status (59% and 60%), and received a prior third-generation EGFR tyrosine kinase inhibitor in the frontline setting (63% and 62%).

    The interim analysis showed that for Trodelvy, the median overall survival was not reached compared with 17.4 months with chemotherapy, leading to a 40% reduction in the risk of death. The 18-month overall survival rates were 66% and 48%, respectively. Overall survival was improved with Trodelvy across all prespecified subgroups.

    Dr. Zhang also reported on subsequent anticancer treatment from the trial; 72% of patients on Trodelvy and 86% of those on chemotherapy received at least one subsequent treatment. In the Trodelvy and chemotherapy groups, respectively, these included chemotherapy (42%; 54%), specifically Alimta-based chemotherapy (37%; 13%), an EGFR tyrosine kinase inhibitor (43%; 40%), an anti-angiogenic agent (35%; 48%), immunotherapy (17%; 25%), or an antibody-drug conjugate (1%; 20%).

    When assessed via blinded independent central review, the objective response rate with Trodelvy was 61% compared with 43% with chemotherapy; the disease control rate was 87% and 80%, respectively. The median duration of response was 8.3 months with Trodelvy and 4.2 months with chemotherapy; the 12-month rates were 36% versus 8%, respectively.

    Regarding safety, treatment-related side effects occurred in 100% and 98% of Trodelvy– and chemotherapy-treated patients, respectively. Grade 3 or higher side effects occurred in 58% and 54% of patients, and serious side effects occurred in 9% and 18% of patients, respectively. Side effects that led to dose reductions and interruptions occurred in 30% and 37% of patients on Trodelvy; there were no side effects that led to discontinuation or death. In the chemotherapy arm, these rates were 23% and 33%; one patient each experienced side effects leading to discontinuation or death.

    The median duration of exposure was 9.6 months with Trodelvy and 4.9 months with chemotherapy. The most common side effects in both arms were hematologic; Trodelvy had higher incidence of stomatitis that were mostly grade 1 or 2 (any-grade 62%; grade ≥3 5%). Ocular surface toxicities also occurred in 10% of patients on Trodelvy, all grade 1 or 2. No cases of interstitial lung disease or pneumonitis were reported on the Trodelvy arm.

    Phase 3 trials are currently exploring Trodelvy alone and in combination with Tagrisso in patients with EGFR-mutant non–small cell lung cancer.

    References

    1. “Sacituzumab tirumotecan versus platinum-based chemotherapy in EGFR-mutated non-small cell lung cancer following progression on EGFR-TKIs” by Dr. Zhang, et al., presented at the 2025 ESMO Congress.
    2. “Sacituzumab tirumotecan in advanced non-small-cell lung cancer with or without EGFR mutations” by Dr. Zhao, et al., Nat Med.

    For more news on cancer updates, research and education, don’t forget to subscribe to CURE®’s newsletters here.

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  • ESMO 2025: Disitamab Vedotin plus Toripalimab Versus Chemotherapy in First-Line Locally Advanced or Metastatic Urothelial Carcinoma (la/mUC) with HER2-Expression – UroToday

    1. ESMO 2025: Disitamab Vedotin plus Toripalimab Versus Chemotherapy in First-Line Locally Advanced or Metastatic Urothelial Carcinoma (la/mUC) with HER2-Expression  UroToday
    2. Loqtorzi Extends Survival in HER2-Positive Advanced Urothelial Cancer  CUREtoday.com
    3. Disitamab Vedotin/Toripalimab Combo Prolongs Survival in Frontline HER2+ Urothelial Cancer  CancerNetwork
    4. RC48-C016: DV + Toripalimab Boosts Survival in HER2+ UC  Oncodaily

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