German regulator revokes license of Bank Saderat Iran in Hamburg - Reuters

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• Big pharma accused of ‘free-riding on nature’ as global fund attracts just $7,000

  A landmark biodiversity fund aiming to raise $1 billion annually has attracted just $7,085 in commitments since its launch in February 2025, with major pharmaceutical companies failing to contribute despite their reliance on genetic information from nature. The Cali Fund, which invites businesses to make voluntary contributions of 1% of their profits or 0.1% of revenue, has received only $10,656 in total commitments. The top 15 pharmaceutical companies could have contributed $756 million based on their performance…

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• How long does it take to save up for a starter home? Twice as long as it did in 2019

  The cost of saving for a first home has doubled since 2019, with median-income renters needing an additional 16 years to save for a down payment and closing costs, and Black renters needing 21 years. This highlights the growing financial burden on aspiring homeowners, especially those in lower-income brackets.

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• Meta Q3 results: Net income jumps 264% to $9.86 bn, but legal charge limit profits

  Meta Platforms reported a net income of $9.86 billion in the third quarter of 2026, up 264% from the same quarter last year. Meta expects revenue in the fourth quarter to be between $73 billion and $76 billion, with a revised full-year 2026 expense outlook of $175-179 billion, including the legal charge. The company plans to increase its capital expenditure forecast for 2026 to $135-145 billion, with AI investments expected to support strong overall revenue growth through 2027.

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