Jensen Huang steps down at Nvidia
Today is Friday, November 13, 2026
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- Good morning, and welcome to Hark News. Here's what the world got up to while you slept. First, the weather in New York. This morning's forecast didn't come through, so today's shape is a surprise. The rest of the briefing carries on regardless.
- Jensen Huang has resigned as Nvidia's chief executive, after reports of two extramarital relationships, one with a suspected Chinese spy. Colette Kress takes over as interim CEO while the board searches for a successor.
- Congress is moving toward tighter chip export curbs on China, and Semafor reports Thune sees a high probability of it. Several outlets say the defense bill is the likely vehicle.
- Democrat Scott Colom won Mississippi's Senate race, defeating Republican incumbent Cindy Hyde-Smith, who conceded. Colom becomes the first Black senator from the state elected directly by voters.
- Chris Van Hollen has launched a challenge to Chuck Schumer for Senate Democratic leader, an uphill fight after the midterms. Tangle reports Bernie Sanders and Elissa Slotkin will not back Schumer.
- The House voted 211 to 204 to refer eight articles of impeachment against Defense Secretary Pete Hegseth to Judiciary, which effectively ends the push. Several Democrats were absent, many stuck in traffic.
- Trump has taken Vice President JD Vance off Iran negotiations, saying the US does not need a deal. Fareed Zakaria's briefing notes that European and regional powers are now trying to de-escalate without Washington.
- US envoys Witkoff and Kushner met Putin in Moscow after talks in Abu Dhabi yielded no breakthrough. A prisoner exchange was agreed in principle. Ukraine says Starlink restrictions are hurting its drone operations.
- Fed officials are questioning whether gradual rate hikes will be enough. Treasury yields jumped after a hot inflation report, and markets see a December hike as near certain.
- Only 200,000 people filed new unemployment claims last week, the ninth straight week at or below that level. Axios says it is the first such run in a series dating to 1967.
- Anthropic's IPO is reportedly multiple times oversubscribed, with a possible raise of about $90 billion, which would be a record. The Daily Upside says Big Tech backers Google and Amazon hold a sizable stake.
- Trump wants Senate Republicans to push through $350 billion in defense spending on a party-line vote before they lose power. Democrats say they will try to end the Iran war and could block the funding.
- At least eight people died after a three-story building in Brooklyn's Flatbush neighborhood collapsed, including two children. Rescuers are still searching, and an incoming storm could slow them down.
- A gunman killed one person at a Logan Circle gym and wounded four others before shooting himself after barricading in his apartment building. Police say he had a dispute with the condo association.
- A British court struck down Trinidad and Tobago's century-old law criminalizing gay sex. CNN says the ruling could influence other former colonies with similar bans.
- The Justice Department has reportedly opened multiple probes into Nvidia, including antitrust. Lawmakers are pressing Commerce to add Megaspeed to the entity list. Semafor's reporting says the company may have helped funnel billions of dollars of chips to China.
- The historic liner SS United States has been scuttled off the Florida Panhandle, ending a long odyssey from ocean liner to Philadelphia landmark. Plans to make it a hotel or casino collapsed under costs.
- James Fallows writes that US air safety has weakened. The FAA has not implemented a third of the NTSB's recommendations after the Potomac collision, and staffing targets were cut.
- Axios reports Democrats are considering following Trump's approach of government stakes in companies, while Project 2029 proposes breaking up utility monopolies. Sen. Whitehouse plans Judiciary oversight of climate litigation.
- Noah Smith and Brad DeLong argue reindustrialization is mainly a geopolitical project. They say blue-collar factory jobs won't return because automation will dominate, and that land use and bank finance are the real gaps.
- Nvidia's market value has fallen more than $600 billion, and Axios says Huang's exit could pop the AI bubble. Goldman analysts say the dollars now spent make investors skittish.
- POLITICO reports Commerce Undersecretary Jeffrey Kessler could take the fall for the Nvidia affair, while Trump continues to back Lutnick. Axios reports Lutnick repeatedly resisted action on Megaspeed.
- Costco is paying a special dividend of $30 a share, about $13.3 billion, starting December 4. The board also refreshed a buyback plan worth up to $4 billion.
- Semafor's Business newsletter describes Nvidia as the AI world's backstop, guaranteeing over $100 billion of data-center leases. Its exit could raise the cost of AI debt and equity for everyone.
- And that's your world for today. The full stories and the links are waiting in the app. Tap through, bookmark what matters, and share what's worth sharing. And if you want to see what stuck, take today's quiz in the app: five quick questions. And if Hark is making your mornings a little better, share it with a friend. It's the best way to help us grow. I'll see you again tomorrow morning. Until then, have a great day.