Good Morning! Today’s edition is 906 words, a 4-minute read.

What’s on tap: 

• Shein’s France trouble

• Bear attacks in Japan

• Most beautiful train stations

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Big Stories

Court Skeptical of Tariffs

• Supreme Court justices appeared skeptical Wednesday of President Trump's authority to impose sweeping tariffs under a 1977 emergency law. Chief Justice John Roberts noted 'the imposition of taxes on Americans' has always 'been the core power of Congress.'

• The legal question is whether the International Emergency Economic Powers Act, which allows presidents to 'regulate' imports during emergencies, extends to imposing global tariffs. The law doesn't mention tariffs, and the Constitution assigns tariff power to Congress. No president had used IEEPA for tariffs until Trump this year.

• The case involves reciprocal tariffs ranging from 10-34% and 25% tariffs on Canada, China, and Mexico over fentanyl concerns. The tariffs have raised $89 billion. If overturned, the government could face demands to refund businesses.

Shein Stumbles in France

• France threatened to suspend Chinese e-commerce giant Shein's website on Wednesday after authorities found firearms and sex dolls with childlike features listed for sale. Shein has 48 hours to remove the items before it’s suspended.

• The threat came as Shein opened its first retail store in Paris, drawing shoppers and protesters. In response to the government's findings, the company suspended listings from third-party vendors, launched an investigation into how the items bypassed screening, and pledged to work with French authorities.

• France is separately moving to regulate fast fashion platforms like Shein, Temu, and AliExpress with advertising bans and taxes on imported parcels, citing environmental damage and social costs from cheap, low-quality imports. Shein also faces criticism over forced labor allegations in its supply chains.

Melatonin Study

• A new study suggests that long-term use of melatonin supplements, often promoted as a safe sleep aid, may be linked to an increased risk of heart failure and death among adults with chronic insomnia.

• Researchers reviewed electronic health records from 130,828 adults. They found that those who used melatonin for at least a year were about 90% more likely to develop heart failure over five years (4.6% vs. 2.7%) compared with matched non-users. They were also 3.5 times more likely to be hospitalized for heart failure (19.0% vs. 6.6%) and nearly twice as likely to die from any cause (7.8% vs. 4.3%).

• Researchers stressed that the study shows correlation, not causation. Melatonin supplements are not FDA regulated in the US and vary in strength and purity across brands. Further research is needed before confirming its long-term safety.

Reddit’s Top Stocks Beat the S&P by 40%

Buffett-era investing was all about company performance. The new era is about investor behavior.

Sure, you can still make good returns investing in solid businesses over 10-20 years.

But in the meantime, you might miss out on 224.29% gainers like Robinhood (the #6 most-mentioned stock on Reddit over the past 6 months).

Reddit's top 15 stocks gained 60% in six months. The S&P 500? 18.7%.

AltIndex's AI processes 100,000s of Reddit comments and factors them into its stock ratings.

We've teamed up with AltIndex to get our readers free access to their app for a limited time.

The market constantly signals which stocks might pop off next. Will you look in the right places this time?

Get the AltIndex App

_{Past performance does not guarantee future results. Investing involves risk including possible loss of principal.}

Quick Stories

US News

• Minneapolis Mayor Jacob Frey won his third term Wednesday, defeating 14 challengers, including democratic socialist Omar Fateh, after two rounds of ranked-choice vote counting. (More)

• A UPS cargo plane crashed and exploded at Louisville's airport on Tuesday, killing at least nine people, with 16 more missing as rescuers searched the fireball wreckage on Wednesday. (More) | The FAA will cut flight capacity 10% at 40 major US airports starting Friday to reduce safety risks from air traffic controller shortages. (More)

• Senate Democrats stalled shutdown talks Wednesday after Tuesday's election wins emboldened hardliners, with Bernie Sanders hijacking a press conference and at least nine senators urging colleagues to hold out longer. (More)

World

• Japan sent troops to northern Akita on Wednesday to trap bears that killed 12 people nationwide this year as the animals search for food before winter hibernation. (More)

• Mexican President Claudia Sheinbaum pressed charges after a drunk man grabbed her body on Tuesday, saying she reported it because all Mexican women face this harassment. (More)

• Taiwan, Hong Kong, and Singapore seized over $700 million in cash, property, and luxury cars from a Cambodian businessman that the US says ran a massive scam network. (More)

Business & Economy

• US stock markets closed higher on Wednesday (S&P +0.37%, Nasdaq +0.65%, Dow +0.48%). Indexes rose as AI stocks rebounded from Tuesday's sell-off. (More)

• Starbucks workers authorized a strike starting Nov. 13 during Red Cup Day, one of the chain's busiest sales days, after contract talks with the company collapsed last year. (More)

• Private investors agreed to buy Denny's for $620 million, taking the struggling breakfast chain private and paying shareholders 52% above Monday's stock price. (More)

Sports & Entertainment

• Drew Brees is returning to NFL broadcasting at Fox next Sunday, replacing Mark Sanchez, who faces felony battery charges after confronting a truck driver and getting stabbed in Indianapolis. (More)

• Washington's Alex Ovechkin became the first NHL player to score 900 career goals on Wednesday against St. Louis. (More)

• Radiohead returned after seven years with a 25-song show in Madrid on Tuesday, launching a European tour that includes four-night stands in five cities through December. (More)

Science, Health, & Tech

• New research links artificial nighttime light to higher brain stress, blood vessel inflammation, and increased heart disease risk, supporting the health benefits of sleeping in darkness and reducing screen or ambient light. (More)

• A 3,000-year-old Maya monument in Mexico was built as a giant cross mapping the cosmos, with colored pigments marking direction. (More)

• OpenAI's Sora video app launched on Android after hitting 1 million iPhone downloads. (More)

Extra Credit

A look inside Disney’s new residential community.

See the shortlist for Close-Up Photographer of the Year.

Ranking the world’s most beautiful train stations.

See a breakdown of how men and women spend their days.