Spot palladium fell 2.00% intraday to $1,018.07/oz.

EU climate commissioner warned that expectations for COP31 are "very low".

Alex Popa and Charles Elkan are raising capital for Poesis and will open its first strategy, AI Clarity, to external clients early next year after managing it with their own money since August. AI Clarity targets 80–100 U.S. large-cap stocks with a ~3-year holding horizon; AI agents running quantitative models pick names and time trades and will short equity indices to hedge detected downside. Human teams set risk limits and review and approve trades. Popa previously spent more than 15 years at Capital Group as a U.S. growth fund PM; Elkan led machine learning at Goldman Sachs. The pair plan to add strategies and build a multi-strategy vehicle for institutional investors and could manage tens of billions of dollars with under 100 employees, implying lower operating costs than large multi‑strategy rivals such as Citadel and Millennium.