Shanghai Release, citing China Railway Shanghai Group, says the Yangtze River Delta rail network expects to carry 3.72 mln passengers on Oct. 3. Since the holiday transport period began on Sept. 23 through Oct. 2 the network has carried 33.505 mln passengers, averaging about 3.35 mln per day, indicating strong travel demand.

SEC filing shows Qualcomm (QCOM.O) filed a prospectus to reoffer up to 25 million common shares.

U.S. Treasury Secretary Bessent said the recent rise in U.S. Treasury yields is consistent with a global trend and does not warrant overreaction. In an Axios interview Saturday he said he would be worried only by an idiosyncratic spike and that he has not seen flows selling U.S. Treasuries to buy Bunds or JGBs. He added he cannot control the bond market and can only urge market participants to pause and reassess. Bessent praised U.S. financial intervention in Argentina, said he is open to similar assistance in future, and called Argentina’s stabilization potentially generational for Latin America’s alignment with the U.S. He also dismissed concerns of an AI bubble, noting heavy investment from Microsoft, Google and Meta and marked revenue growth at Anthropic and OpenAI.