Nobel economics prize goes to 3 researchers for explaining innovation-driven economic growth

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By KOSTYA MANENKOV and MIKE CORDER, Associated Press

STOCKHOLM (AP) — Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for their research into the impact of innovation on economic growth and how new technologies replace older ones, a key economic concept known as “creative destruction.”

The winners represent contrasting but complementary approaches to economics. Mokyr is an economic historian who delved into long-term trends using historical sources, while Howitt and Aghion relied on mathematics to explain how creative destruction works.

Professor John Hassler, from left, Hans Ellegren, Permanent Secretary of the Academy of Sciences and Professor Kerstin Enflo, announce Joel Mokyr, Philippe Aghion and Peter Howitt as the recipients of the Nobel Memorial Prize in Economics during a press conference at the Royal Swedish Academy of Sciences in Stockholm, Sweden, Monday, Oct. 13, 2025. (Anders Wiklund/TT News Agency via AP)

Dutch-born Mokyr, 79, is from Northwestern University; Aghion, 69, from the Collège de France and the London School of Economics; and Canadian-born Howitt, 79, from Brown University.

Mokyr was still trying to get his morning coffee when he was reached on the phone by an AP reporter, and said he was shocked to win the prize.

“People always say this, but in this case I am being truthful — I had no clue that anything like this was going to happen,” he said.

His students had asked him about the possibility he would win the Nobel, he said. “I told them that I was more likely to be elected Pope than to win the Nobel Prize in economics — and I am Jewish by the way.”

Mokyr will turn 80 next summer but said he has no plans to retire. “This is the type of job that I dreamed about my entire life,” he said.

Aghion said he was shocked by the honor. “I can’t find the words to express what I feel,” he said by phone to the press conference in Stockholm. He said he would invest his prize money in his research laboratory.

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Asked about current trade wars and protectionism in the world, Aghion said that: “I am not welcoming the protectionist way in the US. That is not good for … world growth and innovation.”

The winners were credited with better explaining and quantifying “creative destruction,” a key concept in economics that refers to the process in which beneficial new innovations replace — and thus destroy — older technologies and businesses. The concept is usually associated with economist Joseph Schumpeter, who outlined it in his 1942 book “Capitalism, Socialism and Democracy.”

The Nobel committee said Mokyr “demonstrated that if innovations are to succeed one another in a self-generating process, we not only need to know that something works, but we also need to have scientific explanations for why.”

Aghion and Howitt studied the mechanisms behind sustained growth, including in a 1992 article in which they constructed a mathematical model for creative destruction.

Aghion helped shape French President Emmanuel Macron’s economic program during his 2017 election campaign. More recently, Aghion co-chaired the Artificial Intelligence Commission, which in 2024 submitted a report to Macron outlining 25 recommendations to position France as a leading force in the field of AI.

“The laureates’ work shows that economic growth cannot be taken for granted. We must uphold the mechanisms that underlie creative destruction, so that we do not fall back into stagnation,” said John Hassler, chair of the committee for the prize in economic sciences.

One half of the 11 million Swedish kronor (nearly $1.2 million) prize goes to Mokyr and the other half is shared by Aghion and Howitt. Winners also receive an 18-carat gold medal and a diploma.

The economics prize is formally known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. The central bank established it in 1968 as a memorial to Nobel, the 19th-century Swedish businessman and chemist who invented dynamite and established the five Nobel Prizes.

Since then, it has been awarded 57 times to a total of 99 laureates. Only three of the winners have been women.

Nobel purists stress that the economics prize is technically not a Nobel Prize, but it is always presented together with the others on Dec. 10, the anniversary of Nobel’s death in 1896.

Nobel honors were announced last week in medicine, physics, chemistry, literature and peace.

Corder reported from The Hague, Netherlands. David McHugh in Frankfurt, Germany, and Chris Rugaber in Washington contributed to this report.

World leaders gathering in Egypt throw their weight behind the Gaza ceasefire deal

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By FAY ABULGASIM and SARAH EL DEEB, Associated Press

SHARM EL SHEIKH, Egypt (AP) — The U.S. and Egyptian presidents are chairing a gathering of world leaders dubbed “Summit for Peace” on Monday to support ending the more than two-year Israel-Hamas war in Gaza after a breakthrough ceasefire deal.

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Israel and Hamas have no direct contacts and were not expected to attend Monday’s summit. The Israeli prime minister’s office said Benjamin Netanyahu will not travel to the venue because of a Jewish holiday.

Israel has rejected any role in Gaza for the internationally backed Palestinian Authority, whose leader, Mahmoud Abbas, arrived in the Egyptian Red Sea resort town of Sharm el-Sheikh early on Monday afternoon ahead of the gathering.

The summit comes as Hamas released 20 remaining living Israeli hostages and Israel started to free hundreds of Palestinians from its prisons, crucial steps after a ceasefire began on Friday.

But major questions remain unanswered over what happens next, raising the risk of slide back into war — even as the world pushes for peace.

A new page

Egyptian President Abdel Fattah el-Sissi’s office said the summit aims to “end the war” in Gaza and “usher in a new page of peace and regional stability” in line with U.S. President Donald Trump’s vision.

FILE – Egyptian President Abdel-Fattah el-Sissi speaks during a joint news conference, in Athens, on Wednesday, May 7, 2025. (AP Photo/Petros Giannakouris,File)

The two sides came under pressure from the United States, Arab countries and Turkey to agree on the ceasefire’s first phase negotiated in Qatar.

In March, Egypt proposed a postwar plan for Gaza that would allow its 2.3 million people to remain. At the time, that was a counterproposal to a Trump plan to depopulate the territory.

The two leaders co-chairing the international summit signals that they are working together on a path forward.

Ahead of the gathering, Egypt’s foreign minister said it was also crucial that Israel and Hamas fully implement the first phase of the deal so that the parties, with international backing, can begin negotiations on the second phase.

The success of Trump’s vision for Mideast peace is his continued commitment to the process, including applying pressure on the parties, engagement and “even deployment on the ground” with international forces expected to carry out peacekeeping duties in the next phase, said Egyptian Foreign Minister Badr Abdelatty.

“We need American engagement, even deployment on the ground, to identify the mission, task and mandate of this force,” Abdelatty told The Associated Press.

Directly tackling the remaining issues in depth is unlikely at the gathering, expected to last about two hours. El-Sissi and Trump are expected to issue a joint statement after it ends.

Under the first phase, Israeli troops pulled back from some parts of Gaza, allowing hundreds of thousands of Palestinians in Gaza to return home from areas they were forced to evacuate. Aid groups are preparing to bring in large quantities of aid kept out of the territory for months.

Critical challenges ahead

The negotiations will have to tackle the issues of disarming Hamas, creating a post-war government for Gaza and the extent of Israel’s withdrawal from the territory. Trump’s plan also stipulates that regional and international partners will work to develop the core of a new Palestinian security force.

A police vehicle in front of a poster showing Egyptian President Abdel-Fattah el-Sissi and U.S. President Donald Trump at the Red Sea city of Sharm el-Sheikh, Egypt, Monday, Oct. 13, 2025. (AP Photo/Amr Nabil)

Abdelatty said the international force needs a U.N. Security Council resolution to endorse its deployment and mandate as a peacekeeping force.

Another major issue is raising funds for rebuilding Gaza. The World Bank, and Egypt’s postwar plan, estimate reconstruction and recovery needs in Gaza at $53 billion. Egypt plans to host a future reconstruction conference.

Before the truce was agreed on, Israel and Hamas — staunch enemies who have little trust in each other and a number of failed negotiations behind them — held negotiations in Doha, Qatar’s capital, through indirect talks, with Egypt and Qatar as meditators.

Iran, a main backer of Hamas, is also not attending the summit in Egypt as the Islamic Republic finds itself at one of its weakest moments since its 1979 revolution. Iranian officials portrayed the ceasefire deal as a victory for Hamas.

The deal however, underlined Iran’s waning influence in the region and revived concerns over possible renewed conflict with Israel as it still struggles to recover from the 12-day war in June.

A state function

The summit in Egypt is likely to see world leaders praise Trump’s push for the ceasefire. For his part, el-Sissi is almost certainly relieved that plans to depopulate the Gaza Strip have been ditched.

Turkish President Recep Tayyip Erdogan and Qatar’s Emir Sheikh Tamim bin Hamad Al Thani are attending. Turkey, which hosted Hamas political leaders for years, played a key role in bringing about the ceasefire agreement.

King Abdullah of Jordan is among the expected attendees. His country, alongside Egypt, will train the new Palestinian security force.

Germany, one of Israel’s strongest international backers and top suppliers of military equipment, plans to be represented by Chancellor Friedrich Merz. He has expressed concern over Israel’s conduct of the war and its plan for a military takeover of Gaza.

Britain’s Prime Minister is Keir Starmer is among the leaders attending. He has said will pledge 27 million dollars to help provide water and sanitation for Gaza and said Britain will host a three-day conference to coordinate plans for Gaza’s reconstruction and recovery.

French President Emmanuel Macron, left, attends a bilateral meeting with British Prime Minister Keir Starmer on the sidelines of the Gaza International Peace Summit, in Sharm el-Sheikh, Egypt, Monday, Oct.13 2025. (Yoan Valat, Pool photo via AP)

U.N. Secretary-General António Guterres, European Union President António Costa and Italian Prime Minister Giorgia Meloni are attending.

The venue

Sharm el-Sheikh, the Red Sea resort at the tip of the Sinai Peninsula, has been host to many peace negotiations in the past decades.

The town was briefly occupied by Israel for a year in 1956. After Israel withdrew, a United Nations peacekeeping force was stationed there until 1967, when Egypt’s President Gamal Abdel Nasser ordered the peacekeepers to leave, a move that precipitated the Six-Day War that year.

Sharm el-Sheikh and the rest of the Sinai Peninsula were returned to Egypt in 1982, following a 1979 peace treaty with Israel.

Though now more known for luxury beach resorts, dive sites and desert tours, Sharm el-Sheikh has also hosted many peace summits and rounds of negotiations between Israel and the Palestinians under President Hosni Mubarak, ousted in 2011, as well as other international conferences.

Monday’s gathering is the first peace summit under el-Sissi.

El Deeb contributed from Cairo.

Supreme Court takes up Republican attack on Voting Rights Act in case over Black representation

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By MARK SHERMAN, Associated Press

WASHINGTON (AP) — A Republican attack on a core provision of the Voting Rights Act that is designed to protect racial minorities comes to the Supreme Court this week, more than a decade after the justices knocked out another pillar of the 60-year-old law.

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In arguments Wednesday, lawyers for Louisiana and the Trump administration will try to persuade the justices to wipe away the state’s second majority Black congressional district and make it much harder, if not impossible, to take account of race in redistricting.

“Race-based redistricting is fundamentally contrary to our Constitution,” Louisiana Attorney General Elizabeth Murrill wrote in the state’s Supreme Court filing.

A mid-decade battle over congressional redistricting already is playing out across the nation, after President Donald Trump began urging Texas and other Republican-controlled states to redraw their lines to make it easier for the GOP to hold its narrow majority in the House of Representatives. A ruling for Louisiana could intensify that effort and spill over to state legislative and local districts.

The conservative-dominated court, which just two years ago ended affirmative action in college admissions, could be receptive. At the center of the legal fight is Chief Justice John Roberts, who has long had the landmark civil rights law in his sights, from his time as a young lawyer in the Reagan-era Justice Department to his current job.

“It is a sordid business, this divvying us up by race,” Roberts wrote in a dissenting opinion in 2006 in his first major voting rights case as chief justice.

In 2013, Roberts wrote for the majority in gutting the landmark law’s requirement that states and local governments with a history of discrimination, mostly in the South, get approval before making any election-related changes.

“Our country has changed, and while any racial discrimination in voting is too much, Congress must ensure that the legislation it passes to remedy that problem speaks to current conditions,” Roberts wrote.

The challenged provision relies on current conditions

Challenges under the provision known as Section 2 of the voting rights law must be able to show current racially polarized voting and an inability of minority populations to elect candidates of their choosing, among other factors.

“Race is still very much a factor in current voting patterns in the state of Louisiana. It’s true in many places in the country,” said Sarah Brannon, deputy director of the American Civil Liberties Union’s Voting Rights Project.

The Louisiana case got to this point only after Black voters and civil rights groups sued and won lower court rulings striking down the first congressional map drawn by the state’s GOP-controlled Legislature after the 2020 census. That map created just one Black majority district among six House seats in a state that is one-third Black.

Louisiana appealed to the Supreme Court but eventually added a second majority Black district after the justices’ 5-4 ruling in 2023 that found a likely violation of the Voting Rights Act in a similar case over Alabama’s congressional map.

Roberts and Justice Brett Kavanaugh joined their three more liberal colleagues in the Alabama outcome. Roberts rejected what he described as “Alabama’s attempt to remake our section 2 jurisprudence anew.”

That might have settled things, but a group of white voters complained that race, not politics, was the predominant factor driving the new Louisiana map. A three-judge court agreed, leading to the current high court case.

Instead of deciding the case in June, the justices asked the parties to answer a potentially big question: “Whether the state’s intentional creation of a second majority-minority congressional district violates the Fourteenth or Fifteenth Amendments to the U. S. Constitution.”

FILE – President Lyndon Johnson, at podium, speaks in the rotunda of the Capitol in Washington, before to signing the Voting Rights Act, Aug. 6, 1965. (AP Photo, File)

Those amendments, adopted in the aftermath of the Civil War, were intended to bring about political equality for Black Americans and gave Congress the authority to take all necessary steps. Nearly a century later, Congress passed the Voting Rights Act of 1965, called the crown jewel of the civil rights era, to finally put an end to persistent efforts to prevent Black people from voting in the former states of the Confederacy.

A second round of arguments is rare at the Supreme Court

The call for new arguments sometimes presages a major change by the high court. The Citizens United decision in 2010 that led to dramatic increases in independent spending in U.S. elections came after it was argued a second time.

“It does feel to me a little bit like Citizens United in that, if you recall the way Citizens United unfolded, it was initially a narrow First Amendment challenge,” said Donald Verrilli, who served as the Obama administration’s top Supreme Court lawyer and defended the voting rights law in the 2013 case.

Among the possible outcomes in the Louisiana case, Verrilli said, is one in which a majority holds that the need for courts to step into redistricting cases, absent intentional discrimination, has essentially expired. Kavanaugh raised the issue briefly two years ago.

The Supreme Court has separately washed its hands of partisan gerrymandering claims, in a 2019 opinion that also was written by Roberts. Restricting or eliminating most claims of racial discrimination in federal courts would give state legislatures wide latitude to draw districts, subject only to state constitutional limits.

A shift of just one vote from the Alabama case would flip the outcome.

With the call for new arguments, Louisiana changed its position and is no longer defending its map.

The Trump administration joined on Louisiana’s side. The Justice Department had previously defended the voting rights law under administrations of both major political parties.

Rep. Cleo Fields has been here before

For four years in the 1990s, Louisiana had a second Black majority district until courts struck it down because it relied too heavily on race. Fields, then a rising star in the state’s Democratic politics, twice won election. He didn’t run again when a new map was put in place and reverted to just one majority Black district in the state.

Fields is one of the two Black Democrats who won election to Congress last year in newly drawn districts in Alabama and Louisiana.

He again represents the challenged district, described in March by Roberts as “a snake that runs from one end of the state to the other,” picking up Black residents along the way.

If that’s so, civil rights lawyer Stuart Naifeh told Roberts, it’s because of slavery, Jim Crow laws and the persistent lack of economic opportunity for Black Louisianans.

Fields said the court’s earlier ruling that eliminated federal review of potentially discriminatory voting laws has left few options to protect racial minorities, making the preservation of Section 2 all the more important.

They would never win election to Congress, he said, “but for the Voting Rights Act and but for creating majority minority districts.”

Associated Press writer Gary Fields contributed to this report.

Living hostages and Palestinian prisoners are released as part of ceasefire in Gaza

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By WAFAA SHURAFA, SAMY MAGDY and MELANIE LIDMAN, Associated Press

DEIR AL-BALAH, Gaza Strip (AP) — Hamas released all 20 remaining living hostages held in Gaza on Monday, while Israel began releasing hundreds of Palestinian prisoners as part of a ceasefire pausing two years of war that pummeled the territory, killed tens of thousands of Palestinians, and had left scores of captives in Hamas’ hands.

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The hostages, all men, arrived back in Israel, where they will reunite with their families and undergo medical checks. The bodies of the remaining 28 dead hostages are also expected to be handed over as part of the deal, although the exact timing remained unclear.

Buses carrying dozens of freed Palestinian prisoners arrived in the West Bank city of Ramallah and in the Gaza Strip, as Israel began releasing more than 1,900 prisoners and detainees as part of the ceasefire deal.

Cheering crowds met the buses arriving in Ramallah from Ofer prison, in the Israel-occupied West Bank. At least one bus also crossed into the Gaza Strip, the Hamas-run Prisoners Office said.

While major questions remain about the future of Hamas and Gaza, the exchange of hostages and prisoners raised hopes for ending the deadliest war ever between Israel and the group. The ceasefire is also expected to be accompanied by a surge of humanitarian aid into Gaza, parts of which are experiencing famine.

Israeli Prime Minister Benjamin Netanyahu pledged that he was “committed to this peace” in a speech to the Knesset, the Israeli parliament.

U.S. President Donald Trump is also expected to address the Knesset, and later will attend a summit to discuss the U.S.-proposed deal and postwar plans with other leaders.

The war began when Hamas launched a surprise terrorist attack on southern Israel on Oct. 7, 2023, in which some 1,200 people, mostly civilians, were killed and 251 taken hostage.

In Israel’s ensuing offensive, more than 67,000 Palestinians have been killed, according to Gaza’s Health Ministry, which doesn’t differentiate between civilians and combatants but says around half the dead were women and children. The ministry is part of the Hamas-run government, and the U.N. and many independent experts consider its figures to be the most reliable estimate of wartime casualties.

The toll is expected to grow as bodies are pulled from rubble previously made inaccessible by fighting.

The war has destroyed large swaths of Gaza and displaced about 90% of its some 2 million residents. It has also triggered other conflicts in the region, sparked worldwide protests and led to allegations of genocide that Israel denies.

“Much of Gaza is a wasteland,” U.N. humanitarian chief Tom Fletcher told the AP on Sunday.

Hostages freed

In Tel Aviv, families and friends of the hostages who gathered in a square broke into wild cheers as Israeli television channels announced that the first group of hostages was in the hands of the Red Cross. Tens of thousands of Israelis watched the transfers at public screenings across the country.

Israel released the first photos of the freed hostages, including one showing 28-year-old twins Gali and Ziv Berman embracing as they were reunited. Hostages previously released had said the twins from Kfar Aza were held separately.

The photos of the first seven hostages showed them looking pale but less gaunt than some of the hostages freed in January.

Earlier, while Palestinians awaited the release of hundreds of prisoners held by Israel, an armored vehicle flying an Israeli flag fired tear gas and rubber bullets at a crowd. As drones buzzed overhead, the group scattered.

The tear gas followed the circulation of a flier warning that anyone supporting what it called “terrorist organizations” risked arrest. Israel’s military did not respond to questions about the flier, which The Associated Press obtained on site.

The prisoners being released include 250 people serving life sentences for convictions in attacks on Israelis, in addition to 1,700 seized from Gaza during the war and held without charge. They will be returned to the West Bank or Gaza or sent into exile.

A painful chapter

The hostages’ return caps a painful chapter for Israel. Since they were captured in the attack that ignited the war, newscasts have marked their days in captivity and Israelis have worn yellow pins and ribbons in solidarity. Tens of thousands have joined their families in weekly demonstrations calling for their release.

As the war dragged on, demonstrators accused Netanyahu of dragging his feet for political purposes, even as he accused Hamas of intransigence. Last week, under heavy international pressure and increasing isolation for Israel, the bitter enemies agreed to the ceasefire.

It remains unclear when the remains of 28 dead hostages will be returned. An international task force will work to locate deceased hostages who are not returned within 72 hours, said Gal Hirsch, Israel’s coordinator for the hostages and the missing.

Trump in Israel and Egypt

Trump arrived Monday in Israel, where he was to speak at the Knesset, Israel’s parliament. Vice President JD Vance said Trump was likely to meet with newly freed hostages.

“The war is over,” Trump told to reporters as he departed — even though his ceasefire deal leaves many unanswered questions about the future of Hamas and Gaza.

Among the most thorny is Israel’s insistence that a weakened Hamas disarm. Hamas refuses to do that and wants to ensure Israel pulls its troops completely out of Gaza.

So far, the Israeli military has withdrawn from much of Gaza City, the southern city of Khan Younis and other areas. Troops remain in most of the southern city of Rafah, towns of Gaza’s far north, and the wide strip along the length of Gaza’s border with Israel.

The future governance of Gaza also remains unclear. Under the U.S. plan, an international body will govern the territory, overseeing Palestinian technocrats running day-to-day affairs. Hamas has said Gaza’s government should be worked out among Palestinians.

Later Monday, Trump will head to Egypt, where he and Egyptian President Abdel-Fattah el-Sissi will lead a summit with leaders from more than 20 countries on the future of Gaza and the broader Middle East.

Mahmoud Abbas, leader of the internationally recognized Palestinian Authority, will attend, according to a judge and adviser to Abbas, Mahmoud al-Habbash.

Egypt’s presidency said Netanyahu would attend as well, but the Israel leader’s office later said he would not because due to a Jewish holiday.

The plan envisions an eventual role for the Palestinian Authority — something Netanyahu has long opposed. But it requires the authority, which administers parts of the West Bank, to undergo a sweeping reform program that could take years.

The plan also calls for an Arab-led international security force in Gaza, along with Palestinian police trained by Egypt and Jordan. It said Israeli forces would leave areas as those forces deploy. About 200 U.S. troops are now in Israel to monitor the ceasefire.

The plan also mentions the possibility of a future Palestinian state, another nonstarter for Netanyahu.

Magdy reported from Cairo and Lidman from Jerusalem. Associated Press writers Josef Federman in Truro, Massachusetts; Bassem Mroue in Beirut; Jalal Bwaitel in Ramallah, West Bank, and Sam Mednick in Tel Aviv, Israel contributed to this report.