UBS: If the ongoing parliamentary process ultimately confirms the outcome, the Council of States' decision today would cause Swiss capital requirements to tighten further, excessively.

Axios reports Trump's 'Peace Commission' will unveil at a members' meeting on Wednesday a six-month, $2.45 billion Gaza recovery plan covering 66 projects. Compiled over a year by the commission and dozens of Palestinian technocrats, the proposal outlines early post-war reconstruction and governance priorities with planned spending on temporary housing, rubble clearance, hospital repairs, economic revival and deployment of multinational security forces. The commission, which includes 28 member states, says the plan requires cooperation from Israel and Hamas and aims to begin once Israel's Oct. 27 election concludes and a new government is formed.

At the recent 11th (Autumn) Central SOE Investment and Development Conference, NPC Standing Committee member and vice chair of the Financial and Economic Affairs Committee Weng Jieming proposed creating technology-focused state capital management companies to monetize high-quality, stable-cash-flow equity held by SOE investors. Dividend income from existing equity holdings would be used to provide funding for early-stage, high-risk investment in emerging industries.