The highlights of the AP Business report. All times EDT. An up-to-the minute listing of all business stories planned is available in Coverage Plan on AP Newsroom, http://newsroom.ap.org/coverageplan. For access to AP Newsroom and other technical issues, contact AP Customer Support at 877-836-9477 or apcustomersupport@ap.org.
The AP Business News supervisor can be reached at (800)-845-8450, ext. 1680.
TOP STORIES:
FEDERAL RESERVE - JEROME POWELL -- The Federal Reserve wraps up a two-day rate policy meeting on Wednesday, where most analysts expect the central bank will not raise its benchmark rate, which at 5.4%, is a 22-year high. The Fed has raised interest rates 11 times during the past year-and-a-half in an attempt to reduce inflation. By Christopher Rugaber. SENT: 740 words, photos. UPCOMING: Will be updated after 2:00 p.m.
COST OF ADDICTION-OHIO -- Across the country, family members of children, parents and other relatives struggling with the disease of addiction are facing new financial burdens whether it's missing work, blowing through their savings or becoming parents again in their 60s and 70s. In Ohio, an epicenter of the opioid crisis, the state's Department of Commerce is taking a one-of-its-kind approach to aiding families financially impacted by addiction by educating financial advisers about substance use, how to spot it in their clients and what help is available. By Samantha Hendrickson. SENT: 1,240 words, photos.
BRITAIN-AI SUMMIT -- Digital officials, tech company bosses and researchers are converging on a historic estate near London to discuss and better understand the extreme risks posed by cutting-edge artificial intelligence. By Kelvin Chan and Jill Lawless. SENT.
With: BRITAIN-AI SUMMIT-BLETCHLEY PARK -- The U.K.-hosted AI Safety Summit is bringing politicians, computer scientists and tech executives to Bletchley Park, a site synonymous with codebreaking and the birth of computing. SENT, photo, video.
BANKMAN-FRIED-FTX -- Closing arguments expected Wednesday in the trial of Sam Bankman-Fried, who is accused of defrauding clients in his FTX cryptocurrency exchange. By Larry Neumeister. UPCOMING By 1:00 p.m., photo.
MARKETS & ECONOMY:
FINANCIAL MARKETS -- U.S. stocks are drifting Wednesday as Wall Street waits to hear what will come out of the Federal Reserve's latest announcement on interest rates. By Stan Choe. SENT: 670 words, photos. UPCOMING: About 800 words by 4:30 p.m., photo.
JOB OPENINGS -- Employers posted 9.6 million job openings in September, up from 9.5 million in August and a sign that the U.S. job market remains strong even as the U.S. Federal Reserve attempts to cool the economy. By Paul Wiseman. SENT.
CLIMATE-CLEAN ENERGY JOBS -- A business group that advocates for clean energy estimates that 403,000 jobs will be created by the 210 major energy projects announced since the Inflation Reduction Act took effect in mid-2022. By Isabella O'Malley. SENT: 650 words, photos.
EARNINGS:
CVS-RESULTS -- A strong performance from the health services division of CVS on top of cost-cutting pushed third-quarter profits and revenue above expectations. By Tom Murphy. SENT.
JAPAN-EARNS-TOYOTA -- Toyota's July-September profit jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker's overseas earnings. By Yuri Kageyama. SENT.
DOORDASH-RESULTS -- DoorDash releases its third-quarter results Wednesday. By Dee-Ann Durbin. UPCOMING , By 4:30 p.m., photo.
INDUSTRY:
ORSTED-OFFSHORE WIND CANCELLATION -- Danish energy developer Orsted said Tuesday night it is scrapping two large offshore wind power projects off the coast of New Jersey, adding uncertainty to a nascent industry the Biden administration and many state governments are counting on to help transition away from the burning of planet-warming fossil fuels. By Wayne Parry. SENT.
TECHNOLOGY & MEDIA:
ELECTION 2023-MISSISSIPPI-RANSOMWARE -- A county in Mississippi is trying to recover from a ransomware attack that also affected its elections division, with statewide elections that include a hotly contested race for governor just days away. By Christina A. Cassidy. UPCOMING : 400 words by 2:00 p.m.
PHILANTHROPY:
PHILANTHROPY-STEM PROGRAM BEQUEST -- A small nonprofit, Summer Science Program, has puzzled for much of the last year over what do to with a surprise bequest of an estimated $200 million. UPCOMING.
PERSONAL FINANCE:
ON THE MONEY-NERDWALLET-COST TRAVEL RELIEF -- The cost of travel has fluctuated sharply in recent years, but travelers expecting high prices now might be in for a pleasant surprise. Data show that many travel expenses, including airfare, have decreased recently. By Sam Kemmis of NerdWallet. SENT: 750 words, photo.
BEHIND THE WHEEL-TYPE S V VW GOLF R -- Edmunds compares the new Acura Integra Type S and the 2024 Golf R. By Chase Bierenkoven of Edmunds. SENT.
INTERNATIONAL:
HONG KONG-CHINA-TALENT INFLUX -- The exodus of tens of thousands of professionals from Hong Kong triggered by Beijing's crackdown on its civil liberties is being offset by new arrivals: mainland Chinese keen to move to the former British colony. The territory's wealth, wider freedoms and cosmopolitan ambiance set it apart and tens of thousands of mainland Chinese have applied to move to the Asian financial hub under a talent scheme launched in late 2022. By Kanis Leung. SENT: 1,120 words, photos.
------------------------------
