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DOJ issues subpoenas in probe of Alaska candidate with same name as Senate incumbent, source says
Reuters · 2026-08-18
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text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="SectionDropdown" href="/sustainability/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Browse Sustainability</a></h2><div class="nav-dropdown-module__sections__i94UN"><ul class="nav-dropdown-module__sections-group__CPSAa"><li><a data-testid="Body" href="/sustainability/boards-policy-regulation/" data-subnav="Sustainability_Boards, Policy & Regulation" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Boards, Policy & Regulation</a></li><li><a data-testid="Body" href="/sustainability/climate-energy/" data-subnav="Sustainability_Climate & Energy" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Climate & Energy</a></li><li><a data-testid="Body" href="/sustainability/land-use-biodiversity/" data-subnav="Sustainability_Land Use & Biodiversity" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Land Use & Biodiversity</a></li><li><a data-testid="Body" href="/sustainability/society-equity/" data-subnav="Sustainability_Society & Equity" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Society & Equity</a></li><li><a data-testid="Body" href="/sustainability/sustainable-finance-reporting/" data-subnav="Sustainability_Sustainable Finance & Reporting" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Sustainable Finance & Reporting</a></li><li><a data-testid="Body" href="/sustainability/the-switch/" data-subnav="Sustainability_The Switch" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">The Switch</a></li><li><a data-testid="Body" href="/sustainability/reuters-impact/" data-subnav="Sustainability_Reuters Impact" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Reuters Impact</a></li><li><a data-testid="Body" href="/sustainability/cop/" data-subnav="Sustainability_COP31" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">COP31</a></li></ul></div></div></div></div></div></div><span data-focus-scope-end="true" hidden=""></span></div></li><li class="nav-bar-module__nav-item__EUpy4"><div class="nav-bar-module__nav-button__mCZoN"><button data-testid="Text" type="button" tabindex="0" data-react-aria-pressable="true" aria-haspopup="true" aria-expanded="false" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__extra_small__8Buss nav-bar-module__button__YVhxE">More<svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 15 9" aria-hidden="true" focusable="false" role="presentation" data-testid="IconChevronDown" class="nav-bar-module__arrow__D1LfD nav-bar-module__more__C7bEy chevron-down"><path d="M14.093.337c-.411-.45-1.028-.45-1.44 0L7.2 6.3 1.749.337c-.411-.45-1.028-.45-1.44 0a1.16 1.16 0 0 0 0 1.576l6.171 6.75c.206.225.515.337.72.337.205 0 .515-.112.72-.338l6.172-6.75a1.16 1.16 0 0 0 0-1.575h.001Z"></path></svg></button></div><div class="nav-bar-module__hidden__1Qi40" data-testid="moreSectionDropdownContainer" role="presentation"><span data-focus-scope-start="true" hidden=""></span><div class="nav-bar-module__dropdown__bsmM6" id="react-aria-_R_l7ila_"><div class="nav-dropdown-module__container__X8zm-" data-testid="NavDropdownContainer"><div class="nav-dropdown-module__inner__VS6zv"><div class="nav-dropdown-module__submenu__-HR75"><div class="nav-dropdown-module__inner__VS6zv"><div class="nav-dropdown-module__more-sections__9LctJ"><div class="nav-dropdown-module__group-container__B7ZaS"><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e nav-dropdown-module__has-children__Wpz3R"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/legal/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Legal</a></h2><ul class="nav-dropdown-module__subsections__ElxDL"><li><a data-testid="Body" href="/legal/government/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Government</a></li><li><a data-testid="Body" href="/legal/legalindustry/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Legal Industry</a></li><li><a data-testid="Body" href="/legal/litigation/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Litigation</a></li><li><a data-testid="Body" href="/legal/transactional/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Transactional</a></li><li><a data-testid="Body" href="/legal/us-supreme-court/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">US Supreme Court</a></li></ul></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e nav-dropdown-module__has-children__Wpz3R"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/commentary/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Commentary</a></h2><ul class="nav-dropdown-module__subsections__ElxDL"><li><a data-testid="Body" href="/commentary/breakingviews/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Breakingviews</a></li><li><a data-testid="Body" href="/commentary/reuters-open-interest/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">ROI: Reuters Open Interest</a></li></ul></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e nav-dropdown-module__has-children__Wpz3R"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/technology/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Technology</a></h2><ul class="nav-dropdown-module__subsections__ElxDL"><li><a data-testid="Body" href="/technology/artificial-intelligence/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Artificial Intelligence</a></li><li><a data-testid="Body" href="/technology/cybersecurity/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Cybersecurity</a></li><li><a data-testid="Body" href="/technology/space/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Space</a></li><li><a data-testid="Body" href="/technology/disrupted/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Disrupted</a></li></ul></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/investigations/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Investigations</a></h2></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e nav-dropdown-module__has-children__Wpz3R"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/sports/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Sports</a></h2><ul class="nav-dropdown-module__subsections__ElxDL"><li><a data-testid="Body" href="/sports/world-cup/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">World Cup</a></li><li><a data-testid="Body" href="/sports/athletics/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Athletics</a></li><li><a data-testid="Body" href="/sports/baseball/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Baseball</a></li><li><a data-testid="Body" href="/sports/basketball/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Basketball</a></li><li><a data-testid="Body" href="/sports/cricket/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Cricket</a></li><li><a data-testid="Body" href="/sports/cycling/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Cycling</a></li><li><a data-testid="Body" href="/sports/formula1/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Formula 1</a></li><li><a data-testid="Body" href="/sports/golf/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Golf</a></li><li><a data-testid="Body" href="/sports/nfl/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">NFL</a></li><li><a data-testid="Body" href="/sports/nhl/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">NHL</a></li><li><a data-testid="Body" href="/sports/soccer/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Soccer</a></li><li><a data-testid="Body" href="/sports/tennis/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Tennis</a></li></ul></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/science/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Science</a></h2></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e nav-dropdown-module__has-children__Wpz3R"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/lifestyle/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Lifestyle</a></h2><ul class="nav-dropdown-module__subsections__ElxDL"><li><a data-testid="Body" href="/lifestyle/culture-current/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Culture Current</a></li></ul></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/city-memo/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">City Memo</a></h2></section></div><div class="nav-dropdown-module__group-container__B7ZaS"><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e nav-dropdown-module__has-children__Wpz3R"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/graphics/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Graphics</a></h2><ul class="nav-dropdown-module__subsections__ElxDL"><li><a data-testid="Body" href="/chart-of-the-week/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Chart of the Week</a></li></ul></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/pictures/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Pictures</a></h2></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/wider-image/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Wider Image</a></h2></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e nav-dropdown-module__has-children__Wpz3R"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/podcasts/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl 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1080w,https://www.reuters.com/resizer/v2/S6DII26KRRLH3LEL5YRJCYVTPU.jpg?auth=20cf2ea9dd47e4e03614f23dbe83c3103f1b878b851080ee72b3a1821e78932f&width=1200&quality=80 1200w" sizes="(min-width: 1024px) 560px, (min-width: 1440px) 700px, 100vw" width="3775" height="2517" alt="Congressional Tribute and Lying in State for The Honorable Donald Edwin Young" fetchPriority="high"/></div></div><div data-testid="Body" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__ultra_small__6-vhY body-module__full_width__kCIGb body-module__ultra_small_body__WelUC primary-image-module__caption__BFvVU"><span>U.S. Sen. Dan Sullivan (R-Alaska) gives a remembrance of Rep. Don Young (R-Alaska) as he lies in state in Statuary Hall at the U.S. Capitol in Washington, DC, U.S., March 29, 2022. 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button-module__round__QDFgq button-module__w_auto__Sem-F text-button-module__container__i-tuI base-widget-body-module__follow__3WVP9" type="button" data-testid="TextButton"><span class="button-module__container__7hKTY"><span data-testid="Text" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__bold__chuBM text-module__button_label__4BCvX text-button-module__btn-text__DeEhy text-button-module__button_label__0SF4u">Follow</span></span></button></div></div></div></li></ul></div></div><div data-testid="paragraph-0" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">Aug 18 (Reuters) - The U.S. Department of Justice has issued subpoenas in an investigation into whether a Senate candidate in Alaska with the <a data-testid="Link" referrerPolicy="no-referrer-when-downgrade" href="https://www.reuters.com/legal/government/alaska-investigates-us-senate-candidate-who-shares-name-with-incumbent-2026-06-09/" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC">same name</a> as a Republican incumbent entered the race to confuse voters, according to a source familiar with the probe.</div><div data-testid="paragraph-1" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">The grand jury subpoenas are part of a federal probe into the candidacy of Dan J. Sullivan, who is running against incumbent Dan S. Sullivan, the source said.</div><p data-testid="promo-box" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__promo-box__hVl8h"> <!-- -->Sign up<!-- --> <!-- --> <a data-testid="Link" referrerPolicy="no-referrer-when-downgrade" href="undefined?location=article-paragraph&redirectUrl=%2Fworld%2Fus%2Fdoj-issues-subpoenas-probe-alaska-candidate-with-same-name-senate-incumbent-2026-08-18%2F" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC">here.</a></p><div data-testid="element" class="article-body-module__element__5eCce"></div><div data-testid="paragraph-2" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">Both candidates are running in the state's nonpartisan Senate primary on Tuesday. The top four candidates will advance to the November election, which could cause further headaches for Senator Dan S. Sullivan if challenger Dan J. Sullivan makes the cut.</div><div data-testid="paragraph-3" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">The subpoenas were first reported by NBC News.</div><div data-testid="paragraph-4" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">An investigation does not always result in criminal charges.</div><div data-testid="paragraph-5" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">Dan J. Sullivan has denied in interviews with U.S. news outlets that his aim is to cause confusion or divert votes from Dan S. 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text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_on_hover__YTwYC"><span data-testid="TitleHeading" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS title-module__heading__ZrRzk">Republican attacks on El-Sayed seek to exploit Democratic fault lines</span></a></div><figure class=" image-container no-caption story-card-module__area-media__N2Hg6" data-testid="MediaImage"><a data-testid="MediaImageLink" aria-hidden="true" tabindex="-1" referrerPolicy="no-referrer-when-downgrade" href="/legal/government/republican-muslim-brotherhood-attacks-on-el-sayed-michigan-seek-exploit-2026-10-23/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_default__-okuC image-module__container__dqGwP story-card-module__image-link__4wq06"><div data-testid="Image" class="image story-card-module__image__NNKq2"><div class="styles-module__image-container__E0mCm styles-module__cover__SgyOM styles-module__center_center__bzABO styles-module__apply-ratio__u0jXJ styles-module__transition__joucY" style="--aspect-ratio:1.5"></div><noscript><img src="https://www.reuters.com/resizer/v2/J3UDKS2JI5OXZAJXDR2KIPTGGE.jpg?auth=fc10557d51156e64f9e190cd52140b01364c524d91b585acdff0cf8899d975fd&width=1200&quality=80" alt="Democratic nominee for US Senate Abdul El-Sayed and Republican nominee for US Senate Mike Rogers are seen on a screen in the media room during their US Senate debate" /></noscript></div></a></figure></div></li><li class="read-next-v2-module__item__F8aJ9" inert=""><div class="story-card-module__tpl-common__G5wYS story-card-module__tpl-full-media-on-top__ps3O2 story-card-module__transition-no-date-for-extra-wide-desktop__20m3z story-card-module__transition-no-date-for-desktop__b65V6 story-card-module__transition-no-date-for-tablet__2zqMx story-card-module__transition-media-on-right-for-mobile__ygju8 read-next-v2-module__story-card__Bus22" data-are-authors="true" data-has-multiple-authors="false" data-dir="ltr" data-testid="StoryCard" tabindex="-1"><time data-testid="DateLineText" dateTime="2026-10-24T01:41:43.536Z" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__light__ZYtNU text-module__ultra_small__6-vhY story-card-module__area-date__p9wlR"> ago</time><span data-testid="KickerLabel" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__light__ZYtNU text-module__extra_small__8Buss label-module__label__Sv2H2 label-module__kicker__jiI-y story-card-module__area-kicker__CYVuk"><a data-testid="KickerLink" referrerPolicy="no-referrer-when-downgrade" href="/business/" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_on_hover__YTwYC">Business<span style="border:0;clip:rect(0 0 0 0);clip-path:inset(50%);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px;white-space:nowrap">category</span></a></span><div data-testid="Title" class="title-module__title__Lr6MH story-card-module__area-headline__N6EZa"><a data-testid="TitleLink" referrerPolicy="no-referrer-when-downgrade" href="/business/media-telecom/democrat-us-fcc-urges-broadcast-industry-be-more-aggressive-confronting-agency-2026-10-24/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_on_hover__YTwYC"><span data-testid="TitleHeading" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS title-module__heading__ZrRzk">Democrat on US FCC urges broadcast industry to be more aggressive confronting the agency</span></a></div><figure class=" image-container no-caption story-card-module__area-media__N2Hg6" data-testid="MediaImage"><a data-testid="MediaImageLink" aria-hidden="true" tabindex="-1" referrerPolicy="no-referrer-when-downgrade" href="/business/media-telecom/democrat-us-fcc-urges-broadcast-industry-be-more-aggressive-confronting-agency-2026-10-24/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_default__-okuC image-module__container__dqGwP story-card-module__image-link__4wq06"><div data-testid="Image" class="image story-card-module__image__NNKq2"><div class="styles-module__image-container__E0mCm styles-module__cover__SgyOM styles-module__center_center__bzABO styles-module__apply-ratio__u0jXJ styles-module__transition__joucY" style="--aspect-ratio:1.5"></div><noscript><img src="https://www.reuters.com/resizer/v2/DWWL6FYBTRNYDLKZTFAX6RTL6I.jpg?auth=ead1bec4a87808b26fd9856474013e9ce5e8b8f63beb2beb0367121cea9450b6&width=1200&quality=80" alt="FCC Commissioner Anna Gomez speaks during a press conference in Washington" /></noscript></div></a></figure></div></li><li class="read-next-v2-module__item__F8aJ9" inert=""><div class="story-card-module__tpl-common__G5wYS story-card-module__tpl-full-media-on-top__ps3O2 story-card-module__transition-no-date-for-extra-wide-desktop__20m3z story-card-module__transition-no-date-for-desktop__b65V6 story-card-module__transition-no-date-for-tablet__2zqMx story-card-module__transition-media-on-right-for-mobile__ygju8 read-next-v2-module__story-card__Bus22" data-are-authors="true" data-has-multiple-authors="false" data-dir="ltr" data-testid="StoryCard" tabindex="-1"><time data-testid="DateLineText" dateTime="2026-10-23T20:26:38.718Z" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__light__ZYtNU 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href="/legal/government/detained-migrants-have-no-constitutional-right-bond-hearings-us-court-rules-2026-10-23/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_on_hover__YTwYC"><span data-testid="TitleHeading" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS title-module__heading__ZrRzk">Detained migrants have no constitutional right to bond hearings, US court rules</span></a></div><figure class=" image-container no-caption story-card-module__area-media__N2Hg6" data-testid="MediaImage"><a data-testid="MediaImageLink" aria-hidden="true" tabindex="-1" referrerPolicy="no-referrer-when-downgrade" href="/legal/government/detained-migrants-have-no-constitutional-right-bond-hearings-us-court-rules-2026-10-23/" 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text-module__dark-grey__UFC18 text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-module__inherit-line-height__1vd2c media-story-card-module__heading__xgKcP">Suspect arrested as fire engulfs Nazi guest house 'Eagle's Nest', German police say</a></h3><span data-testid="Label" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__light__ZYtNU text-module__default__R2Ckt label-module__label__Sv2H2 kicker_hero media-story-card-module__section__PyVDc"><a data-testid="Link" referrerPolicy="no-referrer-when-downgrade" href="/world/europe/" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_on_hover__YTwYC">Europe<span style="border:0;clip:rect(0 0 0 0);clip-path:inset(50%);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px;white-space:nowrap">category</span></a> · <time dateTime="2026-10-24T03:28:27.622Z">October 24, 2026 · 3:28 AM UTC</time> · ago</span><p data-testid="Body" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__large__03GSP body-module__base__o--Cl body-module__large_body__NQgnj media-story-card-module__description__DzXN2">German police said they had detained a suspect after fire broke out at a historic mountain guest house known as the "Eagle's Nest", used as a retreat by Nazi officials, including the dictator Adolf Hitler.</p></div></div></li><li class="story-collection-module__list-item__nvJUz story-collection-module__story__A3dpi story-collection-module__default__k3Xt2 story-collection-module__with-spacing__OhP-U" id="USWJTHZBBZJKDEV72OYLDFHNGY" data-testid="one_hero_and_two_columns"><div data-testid="MediaStoryCard" 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0.849976C6.15185 0.849976 2.62695 4.37487 2.62695 8.72305V11.7246C1.44574 11.7631 0.5 12.7328 0.5 13.9234V18.4465C0.5 19.6615 1.48497 20.6465 2.7 20.6465H5.03846C5.59075 20.6465 6.03846 20.1987 6.03846 19.6465V12.7234C6.03846 12.1711 5.59075 11.7234 5.03846 11.7234H4.52695V8.72305Z"></path></svg></div><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="https://www.reuters.com/podcasts/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Podcasts</span></a></li></ul></section></div><section data-testid="LinkGroup" class="site-footer-module__link-group__Hxt4R site-footer-module__hidden-mobile__5cjU9"><h3 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__light__ZYtNU text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6_light__klgho link-group-module__label__mDGn2">Latest</h3><ul class="link-group-module__list__yrOzI link-group-module__vertical__vGvtx"><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Home</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/sitemap/authors/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Authors</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/sitemap/topics/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Topic Sitemap</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/archive/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Archive</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/sitemap/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Article Sitemap</span></a></li></ul></section><section data-testid="LinkGroup" class="site-footer-module__link-group__Hxt4R"><h3 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__light__ZYtNU text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6_light__klgho link-group-module__label__mDGn2">Browse</h3><ul class="link-group-module__list__yrOzI link-group-module__vertical__vGvtx"><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/world/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">World</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/business/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Business</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/markets/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Markets</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/sustainability/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Sustainability</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/legal/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Legal</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/breakingviews/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Breakingviews</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/technology/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Technology</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/investigations/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Investigations</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/sports/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Sports</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/science/" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__default__R2Ckt link-module__link__INqxZ link-module__underline_on_hover__YTwYC link-group-module__link__BcHeN"><span data-testid="LinkGroupItem" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ">Science</span></a></li><li class="link-group-module__item__Za3t6"><a data-testid="Link" target="_self" referrerPolicy="no-referrer-when-downgrade" href="/lifestyle/" 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media-module__none__3jUM3"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 16 11" aria-hidden="true" focusable="false" role="presentation" aria-labelledby="react-aria-_R_16i7la_"><path d="M15.6665,1.5665 C15.4665,1.433 15.2,1.5 15,1.633 L11.3335,4.233 L11.3335,2.1665 C11.3335,1.033 10.467,0.1665 9.3335,0.1665 L2,0.1665 C0.8665,0.1665 0,1.033 0,2.1665 L0,8.833 C0,9.9665 0.8665,10.833 2,10.833 L9.3335,10.833 C10.467,10.833 11.3335,9.9665 11.3335,8.833 L11.3335,6.7665 L14.9335,9.3665 C15.067,9.433 15.2,9.5 15.3335,9.5 C15.467,9.5 15.5335,9.5 15.667,9.4335 C15.867,9.3 16.0005,9.1 16.0005,8.8335 L16.0005,2.167 C16.0005,1.9005 15.867,1.7005 15.667,1.567 L15.6665,1.5665 Z M10,8.8335 C10,9.2335 9.7335,9.5 9.3335,9.5 L2,9.5 C1.6,9.5 1.3335,9.2335 1.3335,8.8335 L1.3335,2.167 C1.3335,1.767 1.6,1.5005 2,1.5005 L9.3335,1.5005 C9.7335,1.5005 10,1.767 10,2.167 L10,8.8335 Z M14.6665,7.5665 L11.8,5.5 L14.6665,3.4335 L14.6665,7.567 L14.6665,7.5665 Z"></path></svg></div><a data-testid="Link" 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C1.13728125,18 0,16.8302396 0,15.3000337 L0,5.3999325 C0,3.8697266 1.13728125,2.69996625 2.625,2.69996625 L5.6877187,2.69996625 L7.1754375,0.3597705 C7.3506562,0.18022275 7.6131562,0 7.8756562,0 L13.1256562,0 Z M12.6013125,1.79952751 L8.3140312,1.79952751 L6.8263125,4.1397233 C6.6510937,4.319271 6.3885937,4.4994938 6.1260937,4.4994938 L2.6263125,4.4994938 C2.1013125,4.4994938 1.75153125,4.8592643 1.75153125,5.3992575 L1.75153125,15.2993588 C1.75153125,15.839352 2.1013125,16.1991225 2.6263125,16.1991225 L18.3763125,16.1991225 C18.9013125,16.1991225 19.2510937,15.839352 19.2510937,15.2993588 L19.2510937,5.3992575 C19.2510937,4.8592643 18.9013125,4.4994938 18.3763125,4.4994938 L14.8765312,4.4994938 C14.6140312,4.4994938 14.3515312,4.319946 14.0890312,4.1397233 L12.6013125,1.79952751 Z M10.5013125,5.3999325 C12.95175,5.3999325 14.8765312,7.3796828 14.8765312,9.9001012 C14.8765312,12.4205197 12.95175,14.40027 10.5013125,14.40027 C8.050875,14.40027 6.1260937,12.4205197 6.1260937,9.9001012 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They're continuing to do what a boring, safe bank does. And so, I think investors should be more interested in a bank like PNC or maybe even Goldman Sachs, which is pulled back as well, than they were three or six months ago. We think now is a good time to go fishing for some of those businesses that maybe you wanted to buy earlier this year but were too expensive. Investors have fled toward consumer staples and healthcare stocks over the last few weeks. And now you find healthcare valuations higher than technology valuations, which is very rare. I don't think you want to keep chasing healthcare stocks right now. I think it's a better idea to look at the stuff that's really struggled over the last couple weeks or last couple months.'","transcript_new":"no"},"published_time":"2026-10-23T20:42:33Z","updated_time":"2026-10-23T20:42:35Z","thumbnail":{"url":"https://ajo.prod.reuters.tv/api/v2/img/6adbc641e4b09da2a1ed6691","caption":"Jed Ellerbroek, portfolio manager at Argent Capital Management, says financial stocks offer a good opportunity right now, while investors should steer clear of the healthcare sector.","type":"image","resizer_url":"https://ajo.prod.reuters.tv/api/v2/img/6adbc641e4b09da2a1ed6691"},"source":{"hls":"https://ajo.prod.reuters.tv/v3/playlist/791116/master.m3u8"},"channels":[{"id":"6ffc0233e09c26943b265ef3abd575b2d872818b","name":"Business","regions":["US"]},{"id":"Markets","name":"Markets","regions":["US"]},{"id":"MarketsNow","name":"Markets Now","regions":["US"]}],"advert_info":{"advert_params":[{"key":"adfriendly","value":true}],"advert_zone":"/4735792/reuters.com"},"meta_data":[{"key":"link","value":"tag:reuters.com,2026:newsml_RW269523102026RP1:4"},{"key":"byline","value":"SAINT LOUIS, MISSOURI, UNITED STATES"},{"key":"hidden","value":"false"},{"key":"region","value":"Remote"},{"key":"dateline","value":"Reuters, Reuters, OCT 23"},{"key":"lmp-feed","value":"lp"},{"key":"copyright","value":"(c) 2026 Thomson Reuters, unless otherwise identified. Full statement available at https://www.thomsonreuters.com/en/policies/copyright.html"},{"key":"package-mood","value":"Neutral"},{"key":"package-notes","value":"financials, industrials, healthcare, stocks, PNC Financial, Goldman Sachs"},{"key":"package-format","value":"Other"},{"key":"publisher-name","value":"reuters.com"},{"key":"upstream-title","value":"Buy financials, avoid healthcare stocks, says portfolio manager"},{"key":"external-asset-id","value":"285_RW269523102026RP1"},{"key":"package-no-social","value":"Yes"},{"key":"package-restrictions","value":"Broadcast: None. Digital: None.. For Reuters customers only."},{"key":"upstream-description","value":"Jed Ellerbroek, portfolio manager at Argent Capital Management, says financial stocks offer a good opportunity right now, while investors should steer clear of the healthcare sector."},{"key":"upstream-channel-code","value":"CLE548"}],"usn":"RW269523102026RP1"},{"id":"RW269323102026RP1","type":"video","subtype":"application/x-mpegURL","external_id":"RW269323102026RP1","title":"Portfolio manager prefers Microsoft, Amazon, Google in AI trade","description":"Jed Ellerbroek, portfolio manager with Argent Capital Management, says he thinks Google (Alphabet), Microsoft, and Amazon are the best-positioned AI stocks and should remain strong investments.","duration":70.36,"transcript_data":{"transcript":"'Some of our favorite investments today are the big cloud computing giants. We like them because we think their stocks are reasonably priced. So I'm talking about Microsoft and Google and Amazon for the most part. All three of those companies I think are reasonably priced stocks today. Their businesses are growing. They're gonna continue to grow. And their growth depends on the usage of AI by businesses and consumers, not the construction of new data centers. And so we like the sustainability and predictability of those revenue and profit streams. And because the demand for computing power is greater than the supply, we think that their really heavy investments, building new data centers is going to pay off and will continue to pay off in the future. And we think they're running the business responsibly and investing responsibly. So we like Google, Microsoft, Amazon, what's more volatile and risky are the companies that are involved in building the data centers because what those companies need is for more data centers to be built next year and the year after that. And that's a more tenuous, lower likelihood thing, in our opinion.'","transcript_new":"no"},"published_time":"2026-10-23T20:42:33Z","updated_time":"2026-10-23T20:42:35Z","thumbnail":{"url":"https://ajo.prod.reuters.tv/api/v2/img/6adbc636e4b09da2a1ed668f","caption":"Jed Ellerbroek, portfolio manager with Argent Capital Management, says he thinks Google (Alphabet), Microsoft, and Amazon are the best-positioned AI stocks and should remain strong investments.","type":"image","resizer_url":"https://ajo.prod.reuters.tv/api/v2/img/6adbc636e4b09da2a1ed668f"},"source":{"hls":"https://ajo.prod.reuters.tv/v3/playlist/791115/master.m3u8"},"channels":[{"id":"6ffc0233e09c26943b265ef3abd575b2d872818b","name":"Business","regions":["US"]},{"id":"Markets","name":"Markets","regions":["US"]},{"id":"MarketsNow","name":"Markets Now","regions":["US"]}],"advert_info":{"advert_params":[{"key":"adfriendly","value":true}],"advert_zone":"/4735792/reuters.com"},"meta_data":[{"key":"link","value":"tag:reuters.com,2026:newsml_RW269323102026RP1:5"},{"key":"byline","value":"SAINT LOUIS, MISSOURI, UNITED STATES"},{"key":"hidden","value":"false"},{"key":"region","value":"Remote"},{"key":"dateline","value":"Reuters, Reuters, OCT 23"},{"key":"lmp-feed","value":"lp"},{"key":"copyright","value":"(c) 2026 Thomson Reuters, unless otherwise identified. 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For Reuters customers only."},{"key":"upstream-description","value":"Jed Ellerbroek, portfolio manager with Argent Capital Management, says he thinks Google (Alphabet), Microsoft, and Amazon are the best-positioned AI stocks and should remain strong investments."},{"key":"upstream-channel-code","value":"CLE548"}],"usn":"RW269323102026RP1"},{"id":"RW249423102026RP1","type":"video","subtype":"application/x-mpegURL","external_id":"RW249423102026RP1","title":"Market Talk: ECB could rescue everyone but France","description":"French borrowing costs have surged to 5%, fuelling fears of a new euro zone debt crisis and raising the question of how far the turmoil would have to spread before the ECB steps in. Carsten Brzeski from ING told Reuters the central bank could deploy its crisis-fighting tools to shield the rest of the euro zone - while effectively leaving France out in the cold, in an attempt to contain the fallout and prevent contagion.","duration":353,"transcript_data":{"transcript":"The ECB looks set to pause, but with a French accent. So could it be a faux pas? The European Central Bank has a lot to worry about right now. Political and fiscal turmoil in France, a war in the Middle East keeping energy prices above $100 and the ever-present threat of inflation. An interest rate hold at this Thursday's meeting looks like a safe bet, but with so many spinning plates. How long before the ECB has to make a move? Well let's ask Carsten Brzeski, Global Head of Macro for ING. So Carsten, ECB's Philip Lane recently played down the risk that higher energy costs would feed through into wages and broader prices. So will the ECB still be comfortable with that view? Yeah, it's interesting that Philip Lane said that because when you look back at the September meeting and the projections of the ECB staff, there was a clear increase in core inflation expected for 2027. So, so far, even though we don't see any of these knock-on effects of higher energy prices to the rest of the economy, ECB staff was still expecting it for next year. I would currently more sympathize with Mr. Lane, because I think there are very little reasons to see that these energy prices will be passed on, because the labor market is clearly not strong enough. Final demand is simply not strong enough. So I agree that there will be very little reasons for the ECB to be afraid or be concerned about a wage price spiral. Well, the Eurozone's private sector this morning slowed more than expected in October, with France a key drag. So will France continue to create a more sustained hit to the bloc's growth? Oh, definitely. Because the interesting thing is when you look at the last 20 years of Eurozone growth, France was normally always kind of really leading for Eurozone growth. And when you look at the big two, Germany and France, it was Germany that had been fluctuating up and down. But France was normally very much bang on Eurozone growth. So now with this political and fiscal chaos in France, it is indeed very likely that the French economy will fall into stagnation or even worse and will pull down the entire Eurozone economy with it. So in such a scenario, the ECB will no longer cheer European economic resilience, but will rather be afraid of a slowing European economy, and a slowing European economy does clearly not call for higher interest rates. So what does that mean for the ECB next week at its meeting? Will they directly address these concerns or just answer around them? You need to see where the ECB is coming from. And the September meeting, the ECB was very hawkish. So it all looked as if the ECB was fully willing to hike interest rates more often. That's also what financial markets had priced in back then. But the situation has changed. So we have the French situation where now also the bond market has taken over the ECB's job. So higher bond yields, not only in France, but across the eurozone, mean that there is already a more restrictive monetary policy stance currently happening in the eurozone. That is one thing. The negative impact of everything happening in France on eurozone growth is another element for the ECB to stay on hold, not only next week, but probably or maybe also beyond that. So currently, I would say, argue that the ECB would like to hike one more time probably in December but with everything going on right now we could get a situation in which even this one last rate hike could be moved off the table before the end of the year. Well, the ECB also has a potential backstop in its transmission protection instrument, but it's never used it. So what would it take for France's turmoil to trigger intervention? How close are we to that point? Remember that one of the preconditions, even though these preconditions are a bit vague, but one of the preconditions is clearly that a country should be compliant with European fiscal rules. As long as French politics is not willing or able to agree on some kind of austerity measures or at least on a more sustainable path for public finances, the ECB cannot use the TPI. What I actually could imagine, that, of course, at next week's meeting, the ECB, Christine Lagarde, will have to say something. So she cannot exclude also helping France. But another way out could be the ECB saying that it could use the transmission protection instrument for all the other European countries. So, for the eurozone, but France. With such a scenario, then the ECB would still keep pressure on French politics to do something, but would help the rest of the eurozone to prevent contagion. Remember, during the euro crisis, there was another fashionable word, and there was ring fencing. So, the TPI could indeed be used to ring fence France in the current situation. Finally, Carsten, Lagarde's term is due to end next October, but could an early departure before France's spring presidential election influence the ECB's rate decisions? It requires more than only Christine Lagarde to move the needle in one or the other direction. So no, any earlier departure would not have an impact on the rate decisions. It might, if anything, it might have an impact on the ECB's decision to start asset purchases again, but this will also depend on who will be the successor of Christine Lagarde. That was Carsten Brzeski from ING, don't forget you can watch more videos on Reuters.com.","transcript_new":"no"},"published_time":"2026-10-23T10:50:03Z","updated_time":"2026-10-23T10:50:06Z","thumbnail":{"url":"https://ajo.prod.reuters.tv/api/v2/img/6adb3a92e4b0225f3aea0f3e","caption":"French borrowing costs have surged to 5%, fuelling fears of a new euro zone debt crisis and raising the question of how far the turmoil would have to spread before the ECB steps in. Carsten Brzeski from ING told Reuters the central bank could deploy its crisis-fighting tools to shield the rest of the euro zone - while effectively leaving France out in the cold, in an attempt to contain the fallout and prevent contagion.","type":"image","resizer_url":"https://ajo.prod.reuters.tv/api/v2/img/6adb3a92e4b0225f3aea0f3e"},"source":{"hls":"https://ajo.prod.reuters.tv/v3/playlist/791066/master.m3u8"},"channels":[{"id":"6ffc0233e09c26943b265ef3abd575b2d872818b","name":"Business","regions":["US"]},{"id":"HPUS","name":"RCOM Homepage US","regions":["US"]},{"id":"Markets","name":"Markets","regions":["US"]},{"id":"MarketsNow","name":"Markets Now","regions":["US"]},{"id":"market-talk","name":"Market Talk","regions":["US"]}],"advert_info":{"advert_params":[{"key":"adfriendly","value":true}],"advert_zone":"/4735792/reuters.com"},"meta_data":[{"key":"link","value":"tag:reuters.com,2026:newsml_RW249423102026RP1:4"},{"key":"byline","value":"London, UK"},{"key":"hidden","value":"false"},{"key":"region","value":"Remote"},{"key":"dateline","value":"Reuters, Reuters, OCT 23"},{"key":"lmp-feed","value":"lp"},{"key":"copyright","value":"(c) 2026 Thomson Reuters, unless otherwise identified. Full statement available at https://www.thomsonreuters.com/en/policies/copyright.html"},{"key":"package-mood","value":"Neutral"},{"key":"package-notes","value":"ECB, Interest Rates, Inflation, France, Debt, Euro, Macron, Lagarde"},{"key":"package-format","value":"Other"},{"key":"publisher-name","value":"reuters.com"},{"key":"upstream-title","value":"Market Talk: ECB could rescue everyone but France"},{"key":"external-asset-id","value":"285_RW249423102026RP1"},{"key":"package-no-social","value":"Yes"},{"key":"package-restrictions","value":"For Reuters platforms only. . For Reuters customers only."},{"key":"upstream-description","value":"French borrowing costs have surged to 5%, fuelling fears of a new euro zone debt crisis and raising the question of how far the turmoil would have to spread before the ECB steps in. Carsten Brzeski from ING told Reuters the central bank could deploy its crisis-fighting tools to shield the rest of the euro zone - while effectively leaving France out in the cold, in an attempt to contain the fallout and prevent contagion."},{"key":"upstream-channel-code","value":"vty454"}],"usn":"RW249423102026RP1"},{"id":"RW238622102026RP1","type":"video","subtype":"application/x-mpegURL","external_id":"RW238622102026RP1","title":"S&P 500, Nasdaq end lower as revived AI doubts spark tech selloff","description":"US stocks tumbled on Thursday and the Nasdaq posted its steepest daily drop since June as a batch of high-profile earnings reports ignited fresh fears about the AI spending race. Alex Cohen has more.","duration":134.53,"transcript_data":{"transcript":"US stocks tumbled Thursday. The Dow finished flat but the S&P 500 fell more than one percent and the Nasdaq plummeted more than two and a half percent. That was the tech-heavy index’s steepest loss since early June. High-profile earnings reports ignited fresh fears about the AI spending race. Results from Meta Platforms beat analyst expectations, but its stock slumped 7% after the Facebook parent posted its first cash outflow in more than a decade due to its AI-related expenditures. It also announced plans to issue non-voting shares in a two-for-one split to raise capital to spend on AI. Meanwhile, chip stocks also declined. Mike Mussio, president of FBB Capital Partners, says investors should stick with tech stocks but should also make sure they remain well diversified. 'So we think there continues to be opportunity for investors to have risk assets or equities. But we think that steep down days like this or the last few weeks with some increased volatility on the riskier part of the market or the faster growing part of market is always a good reminder that they should be placing bets around the market and some of those sectors that have been a little bit more out of favor, be it healthcare, consumer staples, utilities, they should have some exposure across the different sectors of market.' Data from the Labor Department showed initial claims for unemployment benefits kept drifting along near multi-decade lows. Signs of labor market stability will allow the Fed to focus on fighting inflation, and traders are now betting the central bank will raise interest rates by another quarter point before year-end. Other stocks on the move Thursday included Procter & Gamble which added 5.5% after beating analyst estimates though it warned that rising cost pressures would take an increasing bite out of profit. Lockheed Martin advanced 7% after the aerospace and defense company raised its annual sales and profit forecast. And Tesla shares slid 3% even though the electric car maker unexpectedly posted positive free cash flow in the quarter and cut its 2026 capital spending plans.","transcript_new":"no"},"published_time":"2026-10-22T23:05:37Z","updated_time":"2026-10-22T23:05:38Z","thumbnail":{"url":"https://ajo.prod.reuters.tv/api/v2/img/6ada9617e4b0a4eeb5073998-1792710217576","caption":"US stocks tumbled on Thursday and the Nasdaq posted its steepest daily drop since June as a batch of high-profile earnings reports ignited fresh fears about the AI spending race. Alex Cohen has more.","type":"image","resizer_url":"https://ajo.prod.reuters.tv/api/v2/img/6ada9617e4b0a4eeb5073998-1792710217576"},"source":{"hls":"https://ajo.prod.reuters.tv/v3/playlist/791022/master.m3u8"},"channels":[{"id":"6ffc0233e09c26943b265ef3abd575b2d872818b","name":"Business","regions":["US"]},{"id":"Markets","name":"Markets","regions":["US"]},{"id":"MarketsNow","name":"Markets Now","regions":["US"]}],"advert_info":{"advert_params":[{"key":"adfriendly","value":true}],"advert_zone":"/4735792/reuters.com"},"meta_data":[{"key":"link","value":"tag:reuters.com,2026:newsml_RW238622102026RP1:4"},{"key":"byline","value":"NEW YORK, NEW YORK, USA + VARIOUS "},{"key":"hidden","value":"false"},{"key":"region","value":"Remote"},{"key":"dateline","value":"Reuters, Reuters, OCT 22"},{"key":"lmp-feed","value":"lp"},{"key":"copyright","value":"(c) 2026 Thomson Reuters, unless otherwise identified. Full statement available at https://www.thomsonreuters.com/en/policies/copyright.html"},{"key":"package-mood","value":"Neutral"},{"key":"package-notes","value":"S&P 500, AI STOCKS, DOW, LOCKHEED MARTIN, NASDAQ, CHIP STOCKS, META PLATFORMS, TESLA, PROCTER & GAMBLE"},{"key":"package-format","value":"Other"},{"key":"publisher-name","value":"reuters.com"},{"key":"upstream-title","value":"S&P 500, Nasdaq end lower as revived AI doubts spark tech selloff"},{"key":"external-asset-id","value":"285_RW238622102026RP1"},{"key":"package-no-social","value":"Yes"},{"key":"package-restrictions","value":"Broadcast: Must not obscure courtesy. No resales. Digital: Must not obscure courtesy. No resales.. For Reuters customers only."},{"key":"upstream-description","value":"US stocks tumbled on Thursday and the Nasdaq posted its steepest daily drop since June as a batch of high-profile earnings reports ignited fresh fears about the AI spending race. Alex Cohen has more."},{"key":"upstream-channel-code","value":"CLE548"}],"usn":"RW238622102026RP1"},{"id":"RW237922102026RP1","type":"video","subtype":"application/x-mpegURL","external_id":"RW237922102026RP1","title":"Financials, pharma stocks provide non-AI opportunities, says investor","description":"Mike Mussio, president of FBB Capital Partners, says he sees upside potential for pharmaceutical stocks and financials and thinks these are places to look outside technology stocks. ","duration":112.36,"transcript_data":{"transcript":"So whether it's, you know, pharma companies and health care, you've seen a rally in health care managed care companies that have just gotten crushed by you know, past year, and in some cases, two years, you've seen a rally a little bit in utilities. And of course, you know, energy has had a huge rally this year, not because of like the antithesis of the tax trade, but because of the exposure obviously to oil and what's happening in Iran. And so those are three examples of kind of pretty far away from tech, if you will, that have done well. But the one that has not done as well of late is in the financials area. And that's just been more of an interest rate story than anything else at this point. But there's, there's opportunity there as well. Financials, I think banks are down 11 or 12% in the last month. Rates went up as a complex, as rates went up to 530 or 540 on the 10-year, people were buying the 10-year today. Pushed it back down below 5% for the first time in a month. You've got pretty good news, particularly out of the money center banks from an earnings standpoint in terms of like their actual flow of business as it pertains to the investment banking side of things stable companies not trading at obscene multiples and then the other side within financials that's been just again the kind of dead money for the better part of a year is the insurance you know business, a little bit more cyclicality there but pretty low multiples, again, compared to the market. And so if, folks are looking for diversification and a pretty solid service business, that's probably going to benefit from. They're probably going to be a benefactor for sure of what AI does to them in terms of productivity. Some of these companies are in high single, low double digit multiple areas.","transcript_new":"no"},"published_time":"2026-10-22T20:31:11Z","updated_time":"2026-10-22T20:31:12Z","thumbnail":{"url":"https://ajo.prod.reuters.tv/api/v2/img/6ada7210e4b0a4eeb5073952","caption":"Mike Mussio, president of FBB Capital Partners, says he sees upside potential for pharmaceutical stocks and financials and thinks these are places to look outside technology stocks. ","type":"image","resizer_url":"https://ajo.prod.reuters.tv/api/v2/img/6ada7210e4b0a4eeb5073952"},"source":{"hls":"https://ajo.prod.reuters.tv/v3/playlist/791011/master.m3u8"},"channels":[{"id":"6ffc0233e09c26943b265ef3abd575b2d872818b","name":"Business","regions":["US"]},{"id":"Markets","name":"Markets","regions":["US"]},{"id":"MarketsNow","name":"Markets Now","regions":["US"]}],"advert_info":{"advert_params":[{"key":"adfriendly","value":true}],"advert_zone":"/4735792/reuters.com"},"meta_data":[{"key":"link","value":"tag:reuters.com,2026:newsml_RW237922102026RP1:4"},{"key":"byline","value":"BETHESDA, MARYLAND, UNITED STATES"},{"key":"hidden","value":"false"},{"key":"region","value":"Remote"},{"key":"dateline","value":"Reuters, Reuters, OCT 22"},{"key":"lmp-feed","value":"lp"},{"key":"copyright","value":"(c) 2026 Thomson Reuters, unless otherwise identified. Full statement available at https://www.thomsonreuters.com/en/policies/copyright.html"},{"key":"package-mood","value":"Neutral"},{"key":"package-notes","value":"pharmaceutical stocks, energy stocks, utilities, financials, earnings"},{"key":"package-format","value":"Other"},{"key":"publisher-name","value":"reuters.com"},{"key":"upstream-title","value":"Financials, pharma stocks provide non-AI opportunities, says investor"},{"key":"external-asset-id","value":"285_RW237922102026RP1"},{"key":"package-no-social","value":"Yes"},{"key":"package-restrictions","value":"Broadcast: None. Digital: None.. For Reuters customers only."},{"key":"upstream-description","value":"Mike Mussio, president of FBB Capital Partners, says he sees upside potential for pharmaceutical stocks and financials and thinks these are places to look outside technology stocks. "},{"key":"upstream-channel-code","value":"CLE548"}],"usn":"RW237922102026RP1"},{"id":"RW237822102026RP1","type":"video","subtype":"application/x-mpegURL","external_id":"RW237822102026RP1","title":"Investors shouldn't ignore risks in AI trade, investor says","description":"While massive AI spending by companies such as Meta creates opportunities across the sector, Mike Mussio, president of FBB Capital Partners, warns shareholders should not ignore risks tied to how that investment is financed.","duration":126.93,"transcript_data":{"transcript":"There are plenty of pros and cons or things in the con column to think about when you're investing within the AI trade, right? I mean, these companies that are doing the financing the build out, whether it's Microsoft or Amazon or Meta, but the dollar amounts that these companies are investing is really difficult to comprehend, right? Like Meta took up the 2026, the current year number that the bottom level of the current year number to $140 billion in terms of capital expenditures, that's like more than a target, right? That's probably more than like two targets, almost two targets. Almost as much as a McDonald's by market cap and so to comprehend like the degree of this invest you have you have to think within the context of like these are trillion, $2 trillion, $4 trillion companies, but they're investing in size amounts that are the equivalent of companies that are in the top 50. or certainly the top 100 of the S&P 500. And so that is a really big tailwind to the companies that are going to be down the value chain receiving that capital. That doesn't mean that rational investors shouldn't look at some of the negatives and some of the question marks like circular financing, like where is the 140 billion or or next year you know more than that coming from how much of that is coming from free cash flow how much of it's now coming from the debt market, how much of it may be coming from the equity market, and as an equity shareholder, how is that going to impact me? And so I think there's again, I think there's something for everybody, bulls, bears, and in between. But I do think, just like I don't think you can ignore the circular financing as a risk. I don't think you can, we don't think you can ignore the actual, the ultimate size of the invest as a continued opportunity. Doesn't mean we're in the early innings, but we don't feel like we're in the top of the ninth either.","transcript_new":"no"},"published_time":"2026-10-22T20:30:54Z","updated_time":"2026-10-22T20:30:54Z","thumbnail":{"url":"https://ajo.prod.reuters.tv/api/v2/img/6ada71cfe4b0225f3aea0dcd","caption":"While massive AI spending by companies such as Meta creates opportunities across the sector, Mike Mussio, president of FBB Capital Partners, warns shareholders should not ignore risks tied to how that investment is financed.","type":"image","resizer_url":"https://ajo.prod.reuters.tv/api/v2/img/6ada71cfe4b0225f3aea0dcd"},"source":{"hls":"https://ajo.prod.reuters.tv/v3/playlist/791010/master.m3u8"},"channels":[{"id":"6ffc0233e09c26943b265ef3abd575b2d872818b","name":"Business","regions":["US"]},{"id":"Markets","name":"Markets","regions":["US"]},{"id":"MarketsNow","name":"Markets Now","regions":["US"]}],"advert_info":{"advert_params":[{"key":"adfriendly","value":true}],"advert_zone":"/4735792/reuters.com"},"meta_data":[{"key":"link","value":"tag:reuters.com,2026:newsml_RW237822102026RP1:4"},{"key":"byline","value":"BETHESDA, MARYLAND, UNITED STATES"},{"key":"hidden","value":"false"},{"key":"region","value":"Remote"},{"key":"dateline","value":"Reuters, Reuters, OCT 22"},{"key":"lmp-feed","value":"lp"},{"key":"copyright","value":"(c) 2026 Thomson Reuters, unless otherwise identified. 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For Reuters customers only."},{"key":"upstream-description","value":"While massive AI spending by companies such as Meta creates opportunities across the sector, Mike Mussio, president of FBB Capital Partners, warns shareholders should not ignore risks tied to how that investment is financed."},{"key":"upstream-channel-code","value":"CLE548"}],"usn":"RW237822102026RP1"},{"id":"RW223122102026RP1","type":"video","subtype":"application/x-mpegURL","external_id":"RW223122102026RP1","title":"Market Talk: 'It pays not to be French' as debt costs soar","description":"The cost of France's 10-year government borrowing has passed 5% for the first time since 2002 as ongoing street protests add to concern about the country's ability to repair its public finances. Chris Beauchamp of IG told Reuters that ultimately the ECB will be forced to step down - but things may have to get worse first. ","duration":274.8,"transcript_data":{"transcript":"France's 10-year cost of borrowing has risen over 5% as investor nerves about the size of its debt break into the open. The yield on France's 10-year bonds has climbed over 5% for the first time since 2002, as the premium charged by investors to hold that debt over Germany's safer bonds has tripled since February. IMF projects France's budget deficit will be 5.4% this year, while violent riots on streets of French cities at the weekend have increased investor fears. Chris Beauchamp is Chief Market Analyst at IG. Chris, France's debt yields have stretched far above southern European economies that were once seen as the Eurozone's problem child, like Greece and Italy. But how bad is the debt situation really? Are bond investors exaggerating? I think the political situation is quite dire for France, and it's very hard to see. I think they will find a resolution, but it's very hard to see the way forward from here for them, at least in the short term. But bond markets, they're quite good at catastrophizing. And one thing we've learned over the past decade or more is that usually if a way needs to be found to save a Eurozone country, a way is found. It might take a few more disturbances, to put it mildly. But the ECB certainly has no interest in seeing one of the key pillars of the Eurozone go to the wall. So how much worse do things have to get? What if the French government can't pass its budget? At what point might the ECB step in? Oh, France not passing a budget is nothing new, particularly. I think the questions are, is this just a taster of what we get next April with the presidential election? Who wins that? Do we have a surprise win from, say, one of the less extreme candidates perhaps manages to squeeze through? And in which case, does that give them the mandate to move on? We have been here of course before with the eurozone and I think it does require a lot more in terms of drama to really push markets and policy makers in the right direction so it's not going to be pleasant I think for investors or for the French people generally but it may be the necessary medicine if we're finally to see France get his house in order. What might intervention look like? Do we mean ECB bond buying or is the French economy too big for that to be much help? I think you have to show willing on the ECB's front. We previously thought this was impossible, but Mario Draghi showed the way. I think if a way has to be found, a way will be found, because if the choice is between that or the collapse of the eurozone, then things will be done, put it that way. We've seen the Bank of Japan clearly has had some success in arresting the weakness in the yen, and I think if the Bank of Japan can do it, the ECB can find the way to do it as well. What's the risk of contagion spreading to other eurozone bonds? Well, if you look at Southern Europe, of course, they have done really getting their house in order. And this is perhaps the message of of these ECB interventions, that it can really provide the firebreak markets need. I think the big worry is that France is the warm up for what might go with Germany and the political situation. They're far more stable by comparison and certainly not the history of civil unrest that you have in France going back for 200 years. But in Germany, there are political risks as well. And this could become something far more acute and how that really interacts. There are too many moving parts beyond next year's president's election to really make a safe prediction. But I think it's something that bond investors need to be thinking about now. The euro has fallen recently, especially against sterling. Is the UK starting to look like a better investment than the eurozone? Less bad is probably the way I'd put it. And we're talking about this with some other investors that every time it seems like the UK is in the market's crosshairs, someone else comes along and provides the cover and to allow the UK to make a temporary escape. But the problem is that it's not a long term fix. And I think what we're expecting from the budget next week is or hoping to get is an ambitious plan that sees a way out of Britain's current travels. Problem is for the UK, they've been lucky in getting away with this for too long, and they can always point across channel and say at least we're not France. This isn't really a long term strategy. And I think it requires a willingness to deal with the hard facts and have that conversation with the British public. But certainly for the moment, it pays not to be French. That was Chris Beauchamp of IG. Don't forget you can watch more videos on Reuters.com.","transcript_new":"no"},"published_time":"2026-10-22T10:51:48Z","updated_time":"2026-10-22T10:51:49Z","thumbnail":{"url":"https://ajo.prod.reuters.tv/api/v2/img/6ad9e9e6e4b0475e875178dc","caption":"The cost of France's 10-year government borrowing has passed 5% for the first time since 2002 as ongoing street protests add to concern about the country's ability to repair its public finances. Chris Beauchamp of IG told Reuters that ultimately the ECB will be forced to step down - but things may have to get worse first. 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"},{"key":"upstream-channel-code","value":"vty454"}],"usn":"RW223122102026RP1"},{"id":"RW211321102026RP1","type":"video","subtype":"application/x-mpegURL","external_id":"RW211321102026RP1","title":"Nasdaq leads Wall Street gains as SpaceX, Super Micro aid AI sentiment","description":"The tech-heavy Nasdaq led Wall Street to a higher close on Wednesday after quarterly results from SpaceX and Super Micro Computer improved investor appetite for artificial intelligence-related stocks. Alex Cohen has more.","duration":130,"transcript_data":{"transcript":"Wall Street stocks finished higher Wednesday with the Dow advancing about seven-tenths of one percent, the S&P 500 climbing nearly six-tenths and the Nasdaq gaining one percent. Quarterly results from SpaceX and Super Micro Computer improved investor appetite for artificial intelligence-related stocks. SpaceX shares rallied nearly 8% after Elon Musk's rocket and space technology firm posted its first profit as a public company. Musk said a merger of SpaceX and Tesla would be 'a good idea,' also boosting Tesla shares. The car maker rose in after-hours trading when it reported quarterly revenue that topped estimates, while Super Micro shares jumped 9.5% after the AI server maker forecast quarterly revenue and profit margin above Wall Street estimates, signaling that AI demand remained resilient. Also, Meta rose in after-hours trading when it said quarterly sales topped estimates. Liz Miller, founder and president of Summit Place Financial Advisors, says she believes this earnings season will show AI gains have moved beyond the giant technology companies. 'Investors are trying to figure out month by month. What sector of companies are going to benefit now and next. And I think what we may see this season is a little bit more in the industrial area where companies maybe are starting to really see some innovation and some profitability in robotics off of AI. We may see some prizes in healthcare as it starts being a core that drives business. Certainly, we will see it in the hyperscalers still. That's where we've seen it before. But it's this opportunity to get glimpses as to the next growth engines when we hear from companies this earnings cycle.' Other stocks on the move included Netflix, which dropped more than 5% after the video streaming company issued a weaker-than-expected forecast for its fourth-quarter profit. And Abbott Laboratories shares declined almost 2% after the medical device maker cut its 2026 sales growth forecast.","transcript_new":"no"},"published_time":"2026-10-21T22:51:49Z","updated_time":"2026-10-22T10:21:28Z","thumbnail":{"url":"https://ajo.prod.reuters.tv/api/v2/img/6ad94126e4b0475e8751774a","caption":"The tech-heavy Nasdaq led Wall Street to a higher close on Wednesday after quarterly results from SpaceX and Super Micro Computer improved investor appetite for artificial intelligence-related stocks. 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We think of SpaceX for literally it's, you know, rockets that go, but you saw some AI earnings really coming through and the role the company can play in that with its Starlink and with its other assets playing a role, really starting to look beside the hyperscalers. And I think that that's what led to this enthusiasm of investors today. And a feeling that there's pockets of innovation and opportunity going on at lots of companies. And while SpaceX was always viewed as potentially a big play in this space, I think it reminds investors that there's a lot of companies getting into the AI space, maturing what they're business looks like in it and that perhaps the earnings from SpaceX this morning are the start of a great earnings cycle not just from the core AI companies but for some of the companies on the periphery. Investors are trying to figure out month by month what sector of companies you know are going to benefit now and next. And I think what we may see this season is a little bit more in the industrial area where companies maybe are starting to really see some innovation and some profitability in robotics off of AI. We may see some prizes in healthcare as it starts being a core that drives business. Certainly, we will see it in the hyperscalers still. That's where we've seen it before. But it's this opportunity to get glimpses as to the next growth engines when we hear from companies this earnings cycle.","transcript_new":"no"},"published_time":"2026-10-21T20:39:25Z","updated_time":"2026-10-22T10:21:31Z","thumbnail":{"url":"https://ajo.prod.reuters.tv/api/v2/img/6ad92299e4b0475e87517714","caption":"The strong profit from AI related business reported by SpaceX is a sign that the benefits from the technology are moving beyond the giant companies building data centers like Microsoft, Alphabet, and Amazon. 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