Key global financial headlines from last night and this morning that drew widespread attention:

1. Trump: U.S. will not strike Iran before the November midterm elections

2. U.S. freezes green card applications from Microsoft, Adobe and Infosys over suspected fraud

3. OpenAI's annualized revenue approaches $50 billion, below prior estimates

4. SpaceX to acquire low-band spectrum for mobile communications services

5. Apple announces a smart home product launch event in New York on October 13

6. Trump bought up to $25 million of Meta stock in August and invested millions of dollars in SpaceX bonds

Trump: U.S. will not strike Iran before the November midterms

President Trump said consultations between the United States and Iran have been "productive" and that the U.S. will not attack Iran before the November midterm elections. In a social media post on Thursday, Trump said: "We will not be attacking Iran at any time before the midterm elections take place on November 3." Earlier reports said Trump had been considering plans to strike Iran before the midterms, and the White House had asked the Pentagon to prepare strike options in advance.

U.S. freezes green card applications from Microsoft, Adobe and Infosys over suspected fraud

The Trump administration on Thursday froze some green card applications from Microsoft (MSFT), Adobe (ADBE) and a major IT outsourcing firm, and opened investigations into nine top universities, expanding a visa crackdown. The administration says the effort targets fraud and protects American jobs. The two moves mark the broadest crackdown so far on skilled-worker immigration programs, potentially cutting off a common path for foreign tech workers to obtain permanent residency, while putting some of America's leading research universities on notice. "Unfortunately, no company in America abuses this system more than Microsoft," Vice President JD Vance said. He said the company laid off 6,000 American workers last year while benefiting from 6,300 H-1B temporary work visas and nearly 3,000 green cards.

OpenAI's annualized revenue approaches $50 billion, below prior estimates

According to people familiar with the matter, based on current business performance, OpenAI's annualized revenue is expected to reach about $50 billion, up from a year earlier but below estimates in some recent reports about the ChatGPT developer. Some media outlets reported last month that OpenAI's annualized revenue had approached $70 billion. One person familiar with the matter said the discrepancy stems from OpenAI investors trying to compare its figures more directly with rival Anthropic PBC, including how sales made through cloud service providers are accounted for.

SpaceX to acquire low-band spectrum for mobile communications services

SpaceX said on Thursday that it has agreed to acquire a portfolio of low-band spectrum licenses covering the entire United States. The company said the deal will allow SpaceX to use its Starlink satellite service to become a major mobile carrier in the United States. Shares of T-Mobile US (TMUS), Verizon (VZ) and AT&T Inc (T) all fell more than 5% in after-hours trading in New York.

Apple announces a smart home product launch event in New York on October 13

Apple (AAPL) confirmed on Thursday that it will hold a product launch event in New York on October 13 to introduce new smart home products. The event is themed "Welcome home." Apple will unveil multiple devices as it seeks to revive its position in the smart home market. This is also an important move by Apple in this area after John Ternus became CEO last month. The main product at the event will be a smart home hub.

Trump bought up to $25 million of Meta stock in August and invested millions of dollars in SpaceX bonds

According to newly disclosed financial documents, President Trump completed more than 500 securities transactions in August, including up to $25 million of Meta Platforms, Inc. (META) stock. He also purchased up to $5 million of SpaceX bonds, an investment made two days before he signed a broad memorandum aimed at expanding the U.S. commercial space transportation system. An analysis of Trump's August financial disclosure documents, in which all transactions are reported only as value ranges rather than precise figures, shows the 517 buys and sells totaled roughly $74.3 million to $273.3 million. Estimates indicate purchases of at least $44.2 million and sales of at least $30.1 million. The 18-page document shows Trump's portfolio trading remained very active, though it slowed somewhat compared with June and July, when he disclosed more than 1,000 transactions in each month.