America's Defense Future Starts Underground

A N. American metals project just caught the attention of Rio Tinto - a mining giant. With four projects in key regions, this firm is aligned with Washington's push to rebuild the defense-metal supply chain.

AP Business News Digest

The Associated Press
November 18, 2025

Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.

US--Cloudflare-Outage

Cloudflare outage disrupts ChatGPT, X, other internet services

SUMMARY: Internet infrastructure provider Cloudflare says it is deploying a fix for an issue that caused global outages for ChatGPT, social media platform X, League of Legends and other prominent internet services. Cloudflare said on its status page earlier Tuesday that it identified an issue that was impacting multiple customers. Some sites experiencing issues include Shopify, Dropbox, Coinbase, online game League of Legends, Moody's and NJ Transit. There were reports of widespread 500 errors as well as Cloudflare Dashboard and API failing.

WORDS: 273 - MOVED: 11/18/2025 8:07 a.m. EST

https://newsroom.ap.org/detail/CloudflareoutagedisruptsChatGPTXotherinternetservices/9335e8e0da2a0027d1fbac5eb97d11ae/text

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US-Amazon-Robotaxis-San Francisco

Amazon's Zoox robotaxis service to give free rides in San Francisco as its expansion accelerates

SUMMARY: Amazon's Zoox will start giving free robotaxi rides through parts of San Francisco as it accelerates its attempt to challenge Waymo's early lead in the race to transport passengers cities in self-driving vehicles. The expansion announced Tuesday will be confined few major San Francisco neighborhoods and limited to people who signed up on a waiting list to ride in Zoox's gondola-shaped  robotaxis, which have no steering wheel. The San Francisco launch comes less than three months after the Amazon-owned robotaxi company launched its first ride-hailing service along the Las Vegas strip. Zoox still needs regulatory approval to charge for rides, as Waymo has been doing in San Francisco since 2023.

WORDS: 389 - MOVED: 11/18/2025 9:06 a.m. EST

https://newsroom.ap.org/detail/AmazonsZooxrobotaxisservicetogivefreeridesinSanFranciscoasitsexpansionaccelerates/823751b7194b6c0b4caf96839c5943e4/text

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US--Home Depot-Results

Mixed quarter at Home Depot with less storm damage to homes and a more anxious shopper

SUMMARY: Home Depot's third-quarter was mixed with fewer violent storms reaching shore, more anxiety among U.S. consumers and a housing market that has slumped. The company lowered its fiscal 2025 adjusted earnings forecast Tuesday, but raised its expectations for sales growth. Home Depot earned $3.6 billion. Removing one-time charges and benefits, earnings were $3.74 per share, a dime short of Wall Street expectations. It was the third consecutive quarter that Home Depot has missed profit expectations.

WORDS: 652 - MOVED: 11/18/2025 6:09 a.m. EST

https://newsroom.ap.org/detail/MixedquarteratHomeDepotwithlessstormdamagetohomesandamoreanxiousshopper/37855dcfdb8e83901f3e5db60d7ae140/text

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EU-Europe-Cloud

EU to assess whether Amazon and Microsoft cloud businesses need extra scrutiny

SUMMARY: The European Union is considering stricter scrutiny for Amazon and Microsoft's cloud businesses. The EU's executive Commission is assessing whether Amazon Web Services and Microsoft Azure should be classified as "gatekeepers" under the Digital Markets Act. This rule book aims to curb the market power of tech giants with strict regulations. Gatekeepers face extra obligations, and regulators have already given this label to other parts of the companies. The Commission will examine if these cloud services act as essential gateways between businesses and consumers. Both companies argue that the cloud sector is innovative and competitive.

WORDS: 328 - MOVED: 11/18/2025 8:00 a.m. EST

https://newsroom.ap.org/detail/EUtoassesswhetherAmazonandMicrosoftcloudbusinessesneedextrascrutiny/01fa0a63c9eb2e1bad4b2e493852bbf7/text

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Financial Markets

AI doubts extend Wall Street sell-off and Home Depot profit falls short for 3rd time

SUMMARY: Wall Street was poised to open with losses again Tuesday as artificial-intelligence-related shares continued to drag markets lower. Futures for the S&P 500 fell 0.6%, while futures for the Dow Jones Industrial Average lost 0.7%. Nasdaq futures also tumbled 0.7%. Computer chip giant Nvidia, at the center of the craze over AI, slid another 1.3% ahead of its earnings report on Wednesday. It fell 1.9% on Monday and this month alone the AI juggernaut's shares are down 8.6%. In the retail sector, Home Depot slid 3.1% after the hardware store chain reported profit that fell short of Wall Street targets.

WORDS: 707 - MOVED: 11/18/2025 12:35 a.m. EST

https://newsroom.ap.org/detail/AIdoubtsextendWallStreetselloffandHomeDepotprofitfallsshortforrdtime/31160bebd7ab48cdb8e26aa0ad9a3dc8/text

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US--Roblox-Age Check

Roblox steps up age checks and groups younger users into age-based chats

SUMMARY: Roblox is stepping up its age verification system for users who want to privately message other players and implementing age-based chats so kids, teens and adults will only be able to message people around their own age. The moves come as the popular gaming platform continues to face criticism and lawsuits over child safety and a growing number of states and countries are implementing age verification laws. Roblox said it will start enforcing age checks in Australia, New Zealand, and the Netherlands in the first week of December and the rest of the world in early January.

WORDS: 423 - MOVED: 11/18/2025 7:00 a.m. EST

https://newsroom.ap.org/detail/Robloxstepsupagechecksandgroupsyoungerusersintoagebasedchats/ee210a8a0c24a558e15d4d18774ab562/text

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US--Federal Reserve-Cook

Fed's Cook blasts mortgage fraud allegations against her as 'baseless' in letter to AG Bondi

SUMMARY: Lawyers for Federal Reserve Governor Lisa Cook on Monday disputed allegations by a Trump administration official that she committed mortgage fraud, an accusation that President Donald Trump used as a basis for seeking to fire her. It was the first time a president has sought to remove a Fed governor in the central bank's 112-year history. Cook sued to keep her job, and the Supreme Court ruled last month that she could remain in the position. The letter to Attorney General Pam Bondi is the first comprehensive response to a criminal referral in August by Bill Pulte, director of the Federal Housing Finance Agency.

WORDS: 1164 - MOVED: 11/17/2025 2:26 p.m. EST

https://newsroom.ap.org/detail/FedsCookblastsmortgagefraudallegationsagainstherasbaselessinlettertoAGBondi/d06dfb46fbd300195c3cedc8cb5adadb/text

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Financial Markets-Box

How major US stock indexes fared Monday, 11/17/2025

SUMMARY: The U.S. stock market fell as Nvidia and other superstars created by the frenzy around artificial-intelligence technology dimmed some more. The S&P 500 lost 0.9% Monday and pulled further from its all-time high set last month. The Dow Jones Industrial Average dropped 1.2%, and the Nasdaq composite sank 0.8%. Nvidia was again the heaviest weight on the market, as it's often been in its last couple of tumultuous weeks. Worries are high that its stock price shot too high following a stupendous rise, raising the stakes for its profit report coming Wednesday.

WORDS: 211 - MOVED: 11/17/2025 4:21 p.m. EST

https://newsroom.ap.org/detail/HowmajorUSstockindexesfaredMonday/abd568bc12db6612a38ddce450a74c9a/text

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Financial Markets

Nvidia, bitcoin and other falling stars drag the US stock market lower

SUMMARY: The U.S. stock market fell as Nvidia and other superstars created by the frenzy around artificial-intelligence technology dimmed some more. The S&P 500 lost 0.9% Monday and pulled further from its all-time high set last month. The Dow Jones Industrial Average dropped 1.2%, and the Nasdaq composite sank 0.8%. Nvidia was again the heaviest weight on the market, as it's often been in its last couple of tumultuous weeks. Worries are high that its stock price shot too high following a stupendous rise, raising the stakes for its profit report coming Wednesday. Bitcoin dropped below $92,000.

WORDS: 830 - MOVED: 11/17/2025 12:13 a.m. EST

https://newsroom.ap.org/detail/NvidiabitcoinandotherfallingstarsdragtheUSstockmarketlower/ae23a3aa7ef9ddbc69c7f68881576062/text

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Obesity Treatments-Accessibility

Novo cuts Wegovy prices, but doctors still see cost challenges for patients

SUMMARY: Novo Nordisk is chopping prices again for its popular obesity treatment Wegovy, but doctors say the expense will remain challenging for patients without insurance. The drugmaker said Monday that it has started selling higher doses of the injectable treatment for $349 a month to patients paying the full bill. That's down from $499 and in line with terms of a drug pricing agreement outlined earlier this month by President Donald Trump's administration. Novo also has started a temporary price break for the first two months of low doses of Wegovy and the drug's diabetes counterpart, Ozempic.

WORDS: 697 - MOVED: 11/17/2025 8:32 a.m. EST

https://newsroom.ap.org/detail/NovocutsWegovypricesbutdoctorsstillseecostchallengesforpatients/0305653d2fa4de1fed84a4e29407d4ca/text

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<END>

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