Nasdaq Sets Record, Norway Targets AI Glasses and Huawei Renews Qualcomm Deal: What’s Going On Today

Markets

US shares advanced on Monday, October 5, with the Nasdaq closing at a record high as Nvidia and Microsoft helped lift the index and investors looked ahead to earnings. Treasury yields stayed near multiyear highs while oil prices eased, Reuters reported.

Tech

Norway’s government proposed a temporary ban on AI glasses in selected public places, citing privacy concerns. Reuters reported the proposal, and the Associated Press independently reported the planned measure and privacy debate.

Huawei agreed to a broad, multi-year patent licensing deal with Qualcomm, the companies said on October 5, Reuters reported. The agreement settles a long-running licensing issue between the companies, though the financial terms were not disclosed in the report.

Sources

Reuters, Associated Press.