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Top stories today:
- House approves GOP budget plan as holdouts give in
- OpenAI expands Deep Research to all paying ChatGPT users
- Apple promises to fix glitch that replaces āRacistā with āTrumpā
- Alibaba releases Wan2.1 open-weight AI video model family
- U.S. consumer confidence falls to 98.3, most since Aug. 2021
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. House approves GOP budget plan as holdouts give in
$1.5T-$2T spending reductions over 10 years and $4T-$4.5T in tax cuts.
$300B proposed in defense and border security funding.
217-215 vote delivered the win for House Speaker Mike Johnson.
The planned reductions are not enough for federal programs including Medicaid, some House Republicans concerned.
House leaders will need to gather votes again once the resolution returns from the Senate.
The Senate has favored larger tax cuts and is set to alter the House plan.
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3. OpenAI expands Deep Research to all paying ChatGPT users
ChatGPT Plus users get 10 Deep Research queries, while Pro users get 120, up from the previous 100.
āRicher insightsā have also been introduced to embed images alongside citations in the output.
Better understanding of file types.
Deep Research for launched earlier this month for Pro users, with an object to generate in-depth reports via ChatGPT.
