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Pennsylvania prosecutors detail a 14-person cocaine operation tied to Penn State, spanning suppliers to packaging and delivery with members from Delta Upsilon and Sigma Chi; the alleged hierarchy includes a top leader and several distributors and packaging crews, and charges range from felonies to misdemeanors as investigators relied on confidential informants; all defendants are presumed innocent until proven guilty.
Treasury Secretary Scott Bessent announced an expansion of long-term debt buybacks to at least $4 billion per operation (Sept. 9–Nov. 4) to ease a selloff in 10- and 30-year Treasuries. Markets briefly rallied, but yields soon drifted higher again, underscoring analysts’ view that the move is a limited liquidity fix rather than a cure for the broader forces pushing up long-term borrowing costs—inflation, deficits, and other fiscal and global pressures ahead of the midterms.
Bloomberg's Mark Gurman says Apple is developing a second-generation foldable iPhone for 2027 and a third-generation model with larger cover and inner displays, while the first foldable (rumored to be the iPhone Ultra) is expected to launch this September. The initial device is rumored to have about a 5.5-inch cover and a 7.8-inch inner screen, with sizes for future generations not disclosed.
Despite rising tensions over Iran, stock futures stay near flat and rates drift as oil climbs modestly, with analysts noting mixed signals and disinformation in leaks; the market appears to be pricing in uncertainty while a potential deal could emerge if diplomatic efforts advance, particularly around today’s cabinet meeting with Trump, though risks remain if escalation continues.