SpaceX has proposed deploying up to 1 million satellites in low-Earth orbit to build solar-powered, space-based AI data centers.

At the morning open, China’s commodity front-month futures were mostly lower. 20# rubber fell more than 2% and rubber nearly 2%; Shanghai silver, synthetic rubber, Shanghai nickel, soda ash and caustic soda declined over 1%; white sugar slipped about 1%. Advancers included container shipping to Europe, up over 4%; styrene (EB), low-sulfur fuel oil (LU) and ethylene glycol (EG) each rose more than 1%; Shanghai aluminum and foundry aluminum gained about 1%.

The Wall Street Journal, citing people familiar with the matter, reports a former Morgan Stanley employee filed a whistleblower complaint alleging they were pressured to approve mortgages for wealthy clients (MS.N).