Category: 3. Business

According to CoinDesk Research’s technical analysis data model, bitcoin BTC$109,781.59 slid to support, snapped back into resistance, and then settled into a tighter range as activity rose around key levels.

Technical analysis highlights

• Path and range: Trading spanned about $4,296, with price probing a $106,391 low and later testing $110,700 before easing.
• Sell wave: The first leg lower saw 19,395 BTC change hands, described as 78% above typical activity for that phase.
• Rebound impulse: A V-shaped recovery emerged from the low; a 954 BTC burst helped drive price through a nearby ceiling around $110,500 before profit-taking returned.
• Larger cap: The model notes four rejections from $117,500 since August, marking a durable ceiling.

What the patterns mean

• Buyers active at the shelf: Repeated responses near $106,400 indicate demand, but overhead supply continues to lean on rebounds.
• Two-way interest: Accumulation near support met steady selling into strength, keeping trade bounded.
• Range behavior: The bounce failed to stick above the upper band, leaving price action range-bound while positions reset.

Support and resistance map

• Support: $106,400 first, then $103,000 as a deeper demand zone.
• Resistance: $110,700 to $114,500 as the near-term cluster.
• Larger cap: $117,500 remains the level the model has flagged repeatedly since August.

Volume picture

• Initial selloff: 19,395 BTC on the first leg down, about 78% above average for that window.
• Rebound burst: 954 BTC on the push back through a nearby ceiling, consistent with aggressive dip buying.
• After the test: Activity cooled as trading compressed into a tight band.

Targets and risk framing

• If buyers press: A clean break above the $110,700 to $114,500 cluster turns focus to the $117,500 cap and, if cleared, the model’s $120,000 to $123,000 extensions.
• If sellers gain control: A loss of $106,400 exposes $103,000; the model also lists a measured-move risk toward $94,000 to $88,000 if weakness compounds.
• Tactical takeaway: With two-way flows and a narrower band, many traders look for a decisive break out of the current range before leaning harder.

CoinDesk 5 Index (CD5) context

CD5 climbed from $1,893.76 to $1,920.74, a 3.04% total swing over the session. A breakout occurred around 4 a.m. UTC to $1,924.98, with the index maintaining higher lows above the $1,920 threshold.

Community reaction on X

Halloween 2025 coincided with the 17th anniversary of the release of Satoshi Nakamoto’s Bitcoin white paper, and advocates weighed in.

The Bitcoin Policy Institute urged people not to “fear the ghosts of fiat,” framing bitcoin as an alternative to a failing system.

Metaplanet’s Phil Geiger called ignoring bitcoin “the spookiest thing,” a nod to long-term adoption themes.

Bitcoin Magazine posted a Halloween price history showing bitcoin at $204 in 2013, $6,317 in 2018, $61,318 in 2021, $20,495 in 2022, $70,215 in 2024 and $110,300 in 2025, underscoring long-run gains with sharp drawdowns, and closing with a HODL message.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Amgen executives and local members of the community recently gathered at the company’s global headquarters in Thousand Oaks, Calif., to celebrate the groundbreaking of a new state-of-the-art center for science and innovation. The $600 million investment, announced in September 2025, will bring together researchers, engineers and scientists across disciplines to enhance collaboration and accelerate the discovery of life-changing therapeutics for patients with serious diseases.

“Today’s groundbreaking is a marker of what comes next in our mission to serve patients,” said Amgen CEO Bob Bradway at the event. “With the first shovel in the ground we’re reaffirming something essential: We discover here, we manufacture here, we deliver for patients from Thousand Oaks to all around the world.”

Since 2017, Amgen has invested more than $40 billion in U.S. manufacturing and R&D, including nearly $5 billion in domestic capital projects. In addition to this expansion in California, Amgen has recently announced investments in North Carolina, Ohio, and Puerto Rico. The enactment of pro-growth tax policies has further facilitated Amgen’s ability to invest domestically in cutting-edge science and manufacturing.

Continued Innovation, More Jobs in Thousand Oaks

Amgen was founded in Thousand Oaks, a nearby suburb of Los Angeles, more than 45 years ago. The company has made meaningful contributions to the local community in the form of employee volunteerism and philanthropic donations. It has also grown to become a global leader in the development, manufacture and delivery of biologic medicines to help fight some of the world’s toughest diseases. This latest expansion will bring innovation, highly skilled jobs, and a strong community presence to Thousand Oaks and Greater Los Angeles.

The groundbreaking event was attended by Thousand Oaks Mayor David Newman, Ventura County Supervisor Jeff Gorell and City Manager Drew Powers, along with other local policy and business leaders, as well as patient advocates who shared their appreciation for Amgen’s commitment to life-changing innovation.

“As a global leader in biotech, Amgen could locate anywhere on the planet, but it chose Thousand Oaks,” Mayor Newman said. “This is the kind of high-value, innovation-driven investment that defines our city’s economic future.”

“The $600 million expansion of the Amgen center for science and innovation is more than investing in jobs and economic growth,” said County Supervisor Jeff Gorell. “It represents a renewed commitment by Amgen to this community and a powerful step forward in their extraordinary life-saving mission.”

Building Towards the Future

The new center for science and innovation will integrate teams from both Research & Development and Process Development to foster a seamless transition from drug discovery to commercial manufacturing, accelerating the delivery of transformative therapies to patients.

“The vision for this building is very much the way we work here at Amgen, where chemists, biologists, physicians, patients, patient advocates and manufacturing operators all work together to reimagine solutions to some of the toughest diseases,” said Jay Bradner, executive vice president of R&D at Amgen, describing a space that bridges science and engineering in meaningful ways.

Esteban Santos, executive vice president of Operations at Amgen, added: “This investment in science and innovation furthers the promise of Amgen’s commitment to the Thousand Oaks community, as well as for the patients we serve around the world.”

The flexible, future-ready facility will incorporate advanced automation and digital capabilities, empowering researchers, scientists, and engineers to collaborate more efficiently and push the boundaries of science. It will also meet LEED Gold standards, reflecting Amgen’s dedication to sustainability and environmental stewardship.

Upon completion, the facility will be the most sustainable building on Amgen’s Thousand Oaks campus.

Emirate announces exclusive offers this winter with My Emirates Pass; with access to over 700 exclusive offers across Dubai. In addition to year-round benefits, Emirates has introduced seasonal offers giving travellers even more ways to make the most of their Dubai visit.

Running until 31st March 2026, passengers flying, through, or to Dubai can unlock discounts on top culinary experiences, world-class shopping experiences, unmissable leisure attractions, and tranquil luxury spas. Whether it’s an unforgettable family trip, a relaxing couples retreat, or a solo adventure, My Emirates Pass will offer those visiting Dubai unforgettable experiences no matter the season.

Using My Emirates Pass is as easy as ever, customers will simply need to show their physical or digital boarding pass along with a valid ID at participating venues to enjoy the benefits.

Passengers who check in online and download their boarding pass to the Emirates App or Wallet should remember to screenshot it before landing, as it will no longer be accessible afterwards.

Unmissable Seasonal Offerings

Whether passengers are seeking Dubai’s beautiful golden beaches, world-class hospitality or cultural attractions, the city caters for all visitors. My Emirates Pass offers unrivalled access with huge savings to some of the most exciting experiences including the Arte Museum Dubai and the Messi Experience..

Dubai Shopping Festival

The Dubai Shopping Festival is back again starting from 5th December 2025 and will run to 11th January 2026 bringing out of this world experiences to visitors, including exceptional shopping, A-list performances, family fun, unforgettable prizes, and spectacular citywide celebrations, all enjoyed with exciting discounts through your My Emirates Pass. This highly anticipated festival promises an unmatched line-up of live shows, immersive experiences, exclusive deals, and one-of-a-kind moments, making it a season of excitement for everyone.

For more information or to purchase ticket, visit emirates.com. Tickets can be purchased through Emirates Sales Office, via travel agents or through online travel agents.

Global law firm K&L Gates LLP served as legal counsel to Federated Hermes, Inc. (NYSE: FHI) in its agreement to acquire a majority stake in FCP Fund Manager, LP, a privately held real estate investment manager headquartered in Chevy Chase, Maryland.

The transaction, which is expected to close in the first half of 2026 pending regulatory approval and customary closing conditions, marks Federated Hermes’ second private markets acquisition of 2025. It follows the firm’s April purchase of Rivington Energy Management and underscores its continued expansion into alternative asset classes.

FCP specializes in US multifamily real estate, deploying both equity and select debt strategies. Since its founding, the firm has invested in, operated, or financed more than US$14.6 billion in gross asset value, including more than 75,000 apartment units. FCP’s team of more than 75 professionals will continue to manage the business from its six US offices, maintaining deep coverage across 19 high-growth metro areas.

The deal was led by Chicago partner Brent Williams with relationship partners Clair Pagnano, leader of the firm’s global Asset Management and Investment Funds practice, and Michael Caccese, firm co-chair.

Pagnano stated: “This acquisition underscores Federated Hermes’ strategic commitment to expanding its private markets platform and strengthening its position in real estate investment management. We’re proud to be advising Federated Hermes on this transaction with FCP and look forward to a successful closing and supporting their continued success in this dynamic space.”

“On behalf of Federated Hermes, we would like to thank K&L Gates for their expert advice, counseling and active support in the lead up to, and execution of, the definitive transaction agreement between Federated Hermes and FCP Fund Manager, LP. We look forward to continuing to work with K&L Gates towards a successful closing of the transaction,” said George Magera, Federated Hermes’ general counsel.

Jaguar Land Rover has not drawn down any of a £1.5bn loan facility guaranteed by the government, with suppliers expressing anger over ministers’ claims to have supported the carmaker’s supply chain after a crippling hack.

Britain’s biggest automotive employer was forced to shut down all of its wholly owned factories from 1 September for more than a month, after cyber-attackers compromised key computer systems.

Liam Byrne, the Labour MP who heads of parliament’s business select committee, on Friday wrote to the business secretary, Peter Kyle, asking for clarification as to whether any money had reached JLR, and whether the aid was requested by the carmaker.

Suppliers to JLR have privately expressed anger about the government’s messaging, which appeared to take credit for helping them. An executive at one parts maker said: “In some ways the government played a blinder with everyone thinking they bailed out JLR. They did nothing.”

JLR was able to restart limited production only in early October. It has since been focusing on ramping up output, with a full rate of production expected by early December.

The shutdown caused chaos in the UK automotive industry, which was already under pressure after an extended period of low demand. Suppliers laid off thousands of workers to save cash, and this month the Guardian revealed JLR’s plan to pay upfront for parts in order to get money into the supply chain quickly after a month without orders.

JLR is on track to avoid the worst-case scenario of a shutdown lasting into the new year. However, the Confederation of British Metalforming (CBM), a lobby group representing many of the company’s suppliers, said financial support to parts makers still needed to be accelerated.

Most suppliers work on 60-day payment terms, meaning some will start to feel the worst of the financial pressure next week, two months after the attack halted orders.

The crisis prompted calls by MPs for government intervention, before the Labour party conference at the end of September. The evening before the conference, Kyle announced that government-controlled UK Export Finance (UKEF) would guarantee a £1.5bn loan, in effect promising to cover 80% of the debt if JLR were to default.

The size of the guarantee was “outside of UKEF’s normal risk appetite”, its chief executive warned the business secretary.

Announcing the loan guarantee, Kyle said it had “the explicit intention that that is to support the supply chain into JLR as well”. In its announcement the government said it would “bolster JLR’s cash reserves so it can support its supply chain which has been greatly impacted by the shutdown”.

In his conference speech two days later, Kyle trumpeted the government’s intervention. He said: “I’ve announced £1.5bn support – a huge amount of money to help a hugely important company.”

The Financial Times reported that JLR only formally agreed the loan covered by UKEF this month, with HSBC, Mitsubishi UFJ Group and NatWest acting as potential lenders. Several sources told the Guardian that none of that loan facility had gone into JLR’s accounts, nor had any gone to any of its suppliers. Instead, the carmaker used its existing large cash reserves for its scheme to help suppliers.

The ability to access a loan readily, even if not used, may have helped JLR marginally by lowering the risk of it breaching other banking agreements. However, the loan guarantee is unlikely to have helped suppliers.

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A government spokesperson said: “We acted quickly and decisively to put support in place for JLR through a loan guarantee at a critical moment to help the company and its supply chain stabilise the situation.

“We continue to work closely with JLR, the industry and major banks to keep a close eye on the supply chain through this challenging period.”

Even after JLR’s own support scheme – which received no help from the government – some suppliers have raised concerns that it is taking some time for payments to trickle down through the “tiers” of the supply chain. While tier 1 suppliers have generally received cash from JLR’s scheme, the carmaker is reliant on them to keep making payments to the lower tiers.

Byrne, a Labour MP in a Birmingham constituency that is home to many JLR workers, also asked for more information on how the government was monitoring whether adequate support was going beyond the first tier, and why the government thought a loan guarantee was the best option to help the supply chain.

Stephen Morley, the president of the CBM, said some parts makers had received much-needed cashflow but others further down the chain would start feeling the worst of the squeeze imminently, two months after their last invoices became due.

“From 1 September, no matter when you get paid, there’s no sales to invoice,” Morley said. “Depending on your payment terms, come 1 November the majority of invoices would have been due. This is a critical pinch point as there is nothing to invoice.”

However, he added that the recovery was going better than expected overall. He said: “JLR has done well so far, but there’s work to do.”

Subscribers to YouTube TV have lost access to ESPN, ABC and other Disney channels, as the two companies struggle to negotiate a licensing deal.

Disney said the online pay-TV platform, which is owned by the tech giant Google and available only in the US, had refused to pay fair rates for the content, which also include National Geographic and the Disney channel.

In its own statement, YouTube TV said that Disney’s proposed terms “disadvantage our members while benefiting Disney’s own live TV products”.

After tense negotiations, the channels vanished from YouTube TV just before midnight on Thursday – the deadline to reach a new deal. The blackout affects roughly 10 million subscribers.

If Disney channels remain suspended for an “extend period of time”, YouTube TV said it would offer subscribers a $20 credit.

YouTube and Disney-owned Hulu are among the biggest online TV platforms in the US.

Their stand-off follows similarly contentious talks this year between YouTube and other media companies, which had also threatened to limit the shows available to YouTube TV subscribers.

Google struck a deal at the last minute with Comcast-owned NBCUniversal earlier this month to keep shows like “Sunday Night Football” on YouTube TV. It has also reached agreements with Paramount and Fox in recent months.

In separate statements, both Google and Disney said they were working toward a resolution to restore Disney content to YouTube TV.

Still, the companies remain divided on fees.

“With a $3 trillion market cap, Google is using its market dominance to eliminate competition and undercut the industry-standard terms we’ve successfully negotiated with every other distributor,” a Disney spokesperson said in a statement.

But YouTube said in a statement that Disney was proposing “costly economic terms” that would lead to higher prices for YouTube TV customers and limit their options for content, benefiting Disney’s own live TV offerings like Hulu+ Live TV.

ISLAMABAD:

The government has reduced Liquefied Petroleum Gas price by Rs5.88 per kilogram. The new rates will take effect from November 1, 2025.

According to the Oil and Gas Regulatory Authority notification, the price of an 11.8-kg domestic LPG cylinder has been reduced by Rs69.44.

Following the revision, the new price for the household cylinder has been fixed at Rs2,378.89, down from Rs2,448.33 in October.

Read More: Govt lifts ban on new gas connections

The adjustment comes as part of OGRA’s monthly price review, reflecting changes in international market trends and domestic distribution costs.

Recently, Prime Minister Shehbaz Sharif announced the launch of the process allowing regasified liquefied natural gas (RLNG) connections to domestic consumers, responding to a longstanding public demand for the restoration of household gas supply.

The government had imposed a ban on new gas connections in 2021, citing rapidly depleting reserves across the country. The restriction forced consumers to shift from piped gas to alternatives and often more expensive sources of fuel for cooking and heating.

During 2022, when the Shehbaz-led Pakistan Democratic Movement (PDM) coalition took office, the government came under heavy public pressure to resume gas connections.

According to the prime minister, gas availability had been a major challenge at the time, but funds were later released and infrastructure laid down, enabling RLNG supply to a large number of pending applicants.

Also Read: PSX rises almost 5,000 points on ceasefire optimism

The announcement has been made in the wake of recent discoveries of new oil and gas reserves in the country. Last month, Pakistan Petroleum Limited (PPL) reported a ‘significant discovery’ of oil and gas in the eastern Attock district.

In February, Mari Energies, a domestic exploration firm, uncovered fresh hydrocarbon reserves in Khyber-Pakhtunkhwa, with initial testing indicating a flow of 12.96 million standard cubic feet per day (MMSCFD) of gas and around 20 barrels per day (bbl/d) of condensate.