Qualcomm Takes On Nvidia in the AI Chip Race

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Here's Joel Dixon, Global Head of Advice Methodology at Vanguard, on how investors can grow their wealth beyond investment returns.

Joel Dixon (0:07)

Oftentimes, people think about tax efficiency, and it's just like, defer taxes as long as possible. As long as you're doing that, you're in good shape. That couldn't be more incorrect in many cases.

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Get more insights from Vanguard on how you can navigate an uncertain market at vanguard.com.

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The information contained herein does not constitute tax advice and cannot be used by any person to avoid tax penalties that may be imposed under the Internal Revenue Code. Each person should consult an independent tax advisor about their individual situation before investing.

Alex Ossola (0:38)

The Caribbean prepares for the arrival of Hurricane Melissa, which has strengthened to a Category 5 storm. Plus, what a battle over whether to gate a road in a wealthy Miami neighborhood shows about how the rich are thinking about their safety.

Catherine Clark (0:52)

We see people investing more heavily in home security systems and the private security on site at their homes. This is something that's very front and center for the wealthy at the moment.

Alex Ossola (1:04)

And what backing from private capital means for curing Dr. Pepper's plans to split the company. It's Monday, October 27th. I'm Alex Ossola for The Wall Street Journal. This is the PM Edition of What's News, the top headlines and business stories that move the world today. Hurricane Melissa has strengthened to a Category 5 storm, with sustained winds of 160 miles an hour. Flash floods are projected to sweep through Jamaica today and tomorrow. And according to the National Hurricane Center, parts of the island are expected to receive as much as 40 inches of rain. Joseph De Avila covers breaking news for The Journal and is here now with more. Joseph, what kind of impact is Jamaica expecting and how are they preparing for it?

Joseph De Avila (1:49)

Jamaica is expecting a pretty devastating storm that could cause some widespread flooding and really damaging winds. The island is basically buckling down. They've ordered evacuations in a number of communities and authorities are essentially telling residents and visitors there to not leave any safe shelter that they're in while this storm is passing through.

Alex Ossola (2:15)

That seems pretty dire. Where else is likely to be affected by the storm? Is Jamaica expected to kind of take the brunt of it?

Joseph De Avila (2:22)

Jamaica is going to be the first one, but Cuba will also see some impacts as well as Haiti and the Dominican Republic, and it's also going to be going through Turks and Caicos. But it looks like Jamaica right now is the one that is going to be taking the brunt.

Alex Ossola (2:38)

We are towards the end of hurricane season in the Atlantic. It ends November 30th. What kind of season has it been for hurricanes?

Joseph De Avila (2:46)

This is the fourth major hurricane of the 2025 Atlantic hurricane season, and this is what the National Weather Service and NOAA have been projecting. They thought they would be around three to five major hurricanes this year in the Atlantic. They have not, however, been very destructive in terms of life loss or damage to homes, businesses and infrastructure. So, this storm, Melissa, is shaping up to be kind of the most powerful and has the most risk to life and also to infrastructure and places where people live and do business.

Alex Ossola (3:24)

That was WSJ Reporter Joseph De Avila. Thanks, Joseph.

Joseph De Avila (3:28)

Thank you.

Alex Ossola (3:35)

Sudanese rebels have captured the last government stronghold in Darfur, seizing full control of a region where they have twice been accused of committing genocide. The rebel victory marks a pivotal moment for a country that has been divided by uprisings in the past 14 years. According to aid workers, more than 12 million people have been uprooted from their homes. And the US estimates that as many as 150,000 people may have been killed in the conflict.

Major US stock indexes hit new records today after the US and China touted constructive trade talks ahead of a leader's summit later this week. Big tech stocks led the gains, pushing the NASDAQ up about 1.9 percent. The S&P 500 added 1.2 percent and the Dow rose 0.7 percent. Keurig Dr. Pepper has struck a deal with private capital firms to invest in their Keurig beverage and coffee businesses, which will eventually separate into two public companies. The deal comes after Keurig Dr. Pepper said in August it would acquire JDE Peets for $18 billion, laying the groundwork for Keurig Dr. Pepper to unwind the 2018 transaction that united them. Laura Cooper covers beverage and tobacco companies for the journal and joins me now. Laura, let's get into some of the details of this deal. Who's involved and how much money is on the table here?