JPMorgan Chase will directly invest up to $10 billion in U.S. companies with crucial ties to national security.
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The investment plan revealed Monday will focus on four areas: supply chain and advanced manufacturing in critical minerals, pharmaceutical precursors and robotics; defense and aerospace; energy independence, with investments in battery storage and grid resilience; and strategic technologies, including artificial intelligence, cybersecurity and quantum computing.
The investment is part of the bank’s Security and Resiliency Initiative, a $1.5 trillion, 10-year plan to facilitate, finance and invest in industries critical to national security.
“It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing – all of which are essential for our national security,” Chairman and CEO Jamie Dimon said in a statement. “Our security is predicated on the strength and resiliency of America’s economy. America needs more speed and investment.”
This summer, JPMorgan helped put together a deal under which the Defense Department agreed to invest $400 million in U.S. rare earth company MP Materials. The bank is also providing financing for MP Materials’ second magnet producing factory in the U.S.
The nation’s largest bank plans to finance approximately $1 trillion over the next decade in support of clients in these industries. JPMorgan Chase is looking to increase this amount by up to $500 billion, or a 50% increase, with additional resources and capital.
“America needs more speed and investment,” Dimon said. “It also needs to remove obstacles that stand in the way: excessive regulations, bureaucratic delay, partisan gridlock and an education system not aligned to the skills we need.”
JPMorgan says that it serves 34,000 mid-sized companies and more than 90% of the Fortune 500.
It plans to hire more bankers, investment professionals and other experts to help address its investment plan. It will also create an external advisory council that includes leaders from the public and private sectors to help guide the long-term strategy.
HALF MOON BAY, Calif. (AP) — A California engineer and gardening enthusiast won the top prize at an annual pumpkin-weighing contest in Northern California after growing a giant jack-o’-lantern gourd weighing 2,346 pounds.
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Brandon Dawson, of Santa Rosa, California, clinched the victory Monday at the 52nd World Championship Pumpkin Weigh-Off in Half Moon Bay, south of San Francisco.
Dawson pumped his arms in the air and sat his two children on top of the giant pumpkin — roughly the same weight as a small sedan or a large bison — after being crowned this year’s winner.
“My mind is kind of racing because I was in this position last year when I lost by 6 pounds,” he said in an interview.
Dawson, a manufacturing engineer at electric vehicle maker Rivian Automotive, said he has been growing massive pumpkins for five years. Precision skills acquired at his job helped him with the right watering and sunlight to help his gourd grow, he said.
He said he enjoys getting his children involved in the process.
“We like to spend time out in the patch and watch the thing grow,” Dawson said about his 2-year-old son and 4-year-old daughter.
“My 4-year-old now can really pay attention to the growing process,” especially since the giant pumpkins can grow by 50 to 70 pounds a day, he added.
Brandon Dawson, center, celebrates after winning the Safeway 52nd annual World Championship Pumpkin Weigh-Off in Half Moon Bay, Calif., Monday, Oct. 13, 2025. (AP Photo/Godofredo A. Vásquez)
Norman Breshears, dressed up as a scarecrow, takes a photo of one of the giant pumpkins at the 52nd annual World Championship Pumpkin Weigh-Off in Half Moon Bay, Calif., Monday, Oct. 13, 2025. (AP Photo/Godofredo A. Vásquez)
Giant pumpkins are raised by fork lifts before being weighed at the 52nd annual World Championship Pumpkin Weigh-Off in Half Moon Bay, Calif., Monday, Oct. 13, 2025. (AP Photo/Godofredo A. Vásquez)
Brandon Dawson, left, celebrates after winning the Safeway 52nd annual World Championship Pumpkin Weigh-Off in Half Moon Bay, Calif., Monday, Oct. 13, 2025. (AP Photo/Godofredo A. Vásquez)
Brandon Dawson, left, is congratulated by Travis Gienger, who was last year’s champion, after winning the Safeway 52nd annual World Championship Pumpkin Weigh-Off in Half Moon Bay, Calif., Monday, Oct. 13, 2025. (AP Photo/Godofredo A. Vásquez)
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Brandon Dawson, center, celebrates after winning the Safeway 52nd annual World Championship Pumpkin Weigh-Off in Half Moon Bay, Calif., Monday, Oct. 13, 2025. (AP Photo/Godofredo A. Vásquez)
The pumpkin champ won a $20,000 prize for growing the biggest pumpkin.
Dawson’s pumpkin was the runner up in last year’s contest at Half Moon Bay when the winning gourd grown by Minnesota horticulture teacher Travis Gienger came in at 2,471 pounds.
Gienger, of Anoka, Minnesota, set a world record at the California contest in 2023 for the heaviest pumpkin when his giant jack-o’-lantern gourd weighed 2,749 pounds. Gienger’s pumpkin was damaged earlier this season and he couldn’t enter this year’s contest in California.
Two brothers in England earlier this month broke Gienger’s record with a gourd that weighed 2,819 pounds.
ANTANANARIVO, Madagascar (AP) — Madagascar President Andry Rajoelina left the country after an elite military unit turned against the government in an apparent coup that followed weeks of youth-led protests, an opposition lawmaker in the Indian Ocean country said Monday.
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The lawmaker’s comments came shortly before Rajoelina was due to appear on national television and radio to make a speech to the people of Madagascar. The president’s office said his speech was scheduled to be broadcast at 7 p.m. local time (1600 GMT), but was delayed after a group of soldiers attempted to take over the state broadcaster.
His office didn’t say if he was still in Madagascar amid reports he had fled on Sunday on a French military plane.
The anti-government protests, which were initially led by Gen-Z demonstrators, began on Sept. 25 but reached a turning point on Saturday when soldiers from the elite CAPSAT military unit accompanied protesters to a square in the capital, Antananarivo, and called for Rajoelina and several government ministers to step down.
The unit, which helped Rajoelina first come to power as transitional leader in a military-backed coup in 2009, said that it had taken charge of all the armed forces in Madagascar.
Siteny Randrianasoloniaiko, the leader of the opposition in parliament, said that Rajoelina “ran away” from the country after soldiers turned against him.
President’s whereabouts are unknown
Rajoelina’s office had said Sunday that “an attempt to seize power illegally and by force” was underway in the nation of 31 million off the east coast of Africa. He has not appeared in public since the revolt by soldiers and his current whereabouts are unknown.
FILE – President Andry Rajoelina addresses a state ceremony, Sept. 2, 2025, in Antananarivo, Madagascar. (AP Photo/Alexander Joe, file)
A spokesperson for the president didn’t respond to phone calls and messages.
Following a report that France had flown Rajoelina and his family out of Madagascar on one of its military planes, French Foreign Ministry spokesperson Pascal Confavreux declined to comment.
Madagascar is a former French colony. Rajoelina reportedly has French citizenship, a source of discontent among Madagascans.
Madagascar’s former prime minister under Rajoelina and one of the president’s closest advisors had left the country and arrived in the nearby island of Mauritius in the predawn hours of Sunday, the Mauritian government said, adding it was “not satisfied” that the private plane had landed on its territory.
Elite military unit
Rajoelina hasn’t identified who was behind the attempted coup, but the CAPSAT military unit appeared to be in a position of authority and on Sunday appointed a general as the new head of Madagascar’s armed forces, which was accepted by the defense minister.
A commander of CAPSAT, Col. Michael Randrianirina, said that his soldiers had exchanged gunfire with security forces who were attempting to quell weekend protests, and one of his soldiers was killed. But there was no major fighting on the streets, and soldiers riding on armored vehicles and waving Madagascar flags were cheered by people in Antananarivo.
Soldiers are greeted by people gathering for a ceremony in tribute to demonstrators killed during recent anti-government protest in Antananarivo, Madagascar, Sunday, Oct. 12, 2025. (AP Photo/Mamyrael)
Soldiers are greeted by people gathering for a ceremony in tribute to demonstrators killed during recent anti-government protest in Antananarivo, Madagascar, Sunday, Oct. 12, 2025. (AP Photo/Mamyrael)
Soldiers are greeted by people gathering for a ceremony in tribute to demonstrators killed during recent anti-government protest in Antananarivo, Madagascar, Sunday, Oct. 12, 2025. (AP Photo/Mamyrael)
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Soldiers are greeted by people gathering for a ceremony in tribute to demonstrators killed during recent anti-government protest in Antananarivo, Madagascar, Sunday, Oct. 12, 2025. (AP Photo/Mamyrael)
Randrianirina said that the army had “responded to the people’s calls,” but denied there was a coup. Speaking at the country’s military headquarters on Sunday, he told reporters that it was up to the Madagascan people to decide what happens next, and if Rajoelina leaves power and a new election is held.
The U.S. Embassy in Madagascar advised American citizens to shelter in place because of a “highly volatile and unpredictable” situation. The African Union urged all parties, “both civilian and military, to exercise calm and restraint.”
Weeks of protests
Madagascar has been shaken by three weeks of the most significant unrest in years. The anti-government protests, which erupted over water and electricity outages, were led by a group calling itself “Gen Z Madagascar.” The United Nations says the demonstrations left at least 22 people dead and dozens injured. The government has disputed this number.
The protests snowballed into larger dissatisfaction with the government and the leadership of Rajoelina. The demonstrators have brought up a range of issues, including poverty and the cost of living, access to tertiary education, and alleged corruption and embezzlement of public funds by government officials, as well as their families and associates.
Civic groups and trade unions have also joined the protests, which resulted in nighttime curfews being enforced in Antananarivo and other major cities. Curfews were still in effect in Antananarivo and the northern port city of Antsiranana.
The Gen Z protesters, who started the uprising, have mobilized over the internet and say they were inspired by other protests that toppled governments in Nepal and Sri Lanka.
History of political crises
Madagascar has had several leaders removed in coups and has a history of political crises since it gained independence from France in 1960.
The 51-year-old Rajoelina first came to prominence as the leader of a transitional government following a 2009 coup that forced then-President Marc Ravalomanana to flee the country and lose power. Rajoelina was elected president in 2018 and reelected in 2023 in a vote boycotted by opposition parties.
Gerald Imray reported from Cape Town, South Africa. John Leicester contributed to this report from Paris.
Gov. Gavin Newsom on Sunday signed a bill allowing a broad range of relatives to step in as children’s caregivers if their parents are deported, a measure that had provoked a firestorm of conservative criticism.
Assembly Bill 495 will also bar daycare providers from collecting immigration information about a child or their parents, and allow parents to nominate a temporary legal guardian for their child in family court.
“We are putting on record that we stand by our families and their right to keep their private information safe, maintain parental rights and help families prepare in case of emergencies,” Newsom said in a press release.
It was one of several measures the Democratic-dominated Legislature pushed this year in response to the Trump administration’s aggressive deportation crackdown in Los Angeles and across California. Newsom, a Democrat, signed several of those other bills — banning Immigration and Customs Enforcement agents from wearing masks in the state and requiring schools and hospitals to require warrants when officers show up — in a ceremony in L.A. last month.
He left AB 495 undecided for weeks, prompting a flurry of advocacy by immigrants’ rights groups to secure Newsom’s signature in the face of intense pushback from conservative activists. The governor announced his decision the day before his deadline to sign or veto the over 800 bills lawmakers sent to his desk last month.
The most controversial aspect of the bill concerns an obscure, decades-old form called a caregiver’s authorization affidavit. Relatives of a child whose parents are temporarily unavailable, and with whom the child is living, can attest to being the child’s caregiver; the designation allows the adult to enroll the child in school, take them to the doctor and consent to medical and dental care.
The new law will broaden who is allowed to sign the caregiver affidavit, from more traditional definitions of relatives to any adult in the family who is “related to the child by blood, adoption, or affinity within the fifth degree of kinship,” which includes people like great aunts or cousins. Parents can cancel the caregiver designation, which is intended to be a temporary arrangement and does not give that person custody.
Proponents said parents at risk of deportation should get to choose someone trusted to care for their children if ICE detains them. Expanding who is eligible for the caregiver form, they said, gives immigrant parents more options because they may not have close relatives in the country but benefit from strong ties with extended family or informal community networks.
The legislation was backed by immigrants’ rights groups and children’s advocates such as the Alliance for Children’s Rights and First 5 California.
“I introduced this bill so children do not have to wonder what will happen to them if their parents are not able to pick them up from school,” bill author Assemblymember Celeste Rodriguez, an Arleta Democrat, said at a recent press conference.
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Critics claim strangers could get custody
But Republicans, the religious right and parental rights’ activists argued the bill would instead endanger children.
They claimed it would allow strangers to sign the affidavit and claim the child into their care. Hundreds of opponents showed up at the Capitol by busload to rally against the legislation, organized by Pastor Jack Hibbs of the Calvary Chapel Chino Hills megachurch, who called it “the most dangerous bill we’ve seen” in Sacramento. Some of the blowback stemmed from false claims that the bill would allow strangers to get custody of children to whom they’re not related.
Assemblymember Carl DeMaio, a San Diego Republican, called the legislation “a human trafficker’s dream.”
In an email, Greg Burton, vice president of the California Family Council, took issue with the fact that parents might not be there when the affidavit form is signed.
“What are parental rights?” he wrote. “These rights are nothing if someone else can claim them by simply signing a form.”
Over the summer Rodriguez narrowed the legislation to exclude “nonrelative extended family members” but it was not enough to quell the controversy. The legislation passed along party lines.
In comparison to a fairly progressive Legislature, the governor has often positioned himself as a moderating force on child custody and protection issues, which regularly galvanize conservative activists and put California Democrats on the defensive. In 2023 he vetoed a bill that would have required family court judges to consider a parent’s support of a child’s gender transition in custody disputes.
At a press conference last week where activists urged Newsom to sign the bill, Angelica Salas, executive director of the Coalition for Humane Immigrants’ Rights Los Angeles, asked the governor “to not listen to the lies, to not listen to all the other stuff that’s being said about this bill.”
Newsom, announcing his decision, quietly acknowledged the controversy in a press release. He included statements he said were “correcting the record” on mischaracterizations and said the new law does not change the fact that parental rights and legal guardianships must be decided by family court judges.
This story was originally published by CalMatters and distributed through a partnership with The Associated Press.