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WSJ Minute Briefing

JPMorgan Chase Unit Invests in Texas Stock Exchange

WSJ Minute Briefing

The Wall Street Journal

News, Business News

4.1671 Ratings

🗓️ 31 October 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: An Arab-led militia targets Darfur’s Black population as the Sudan civil war escalates. And Exxon Mobil and Chevron report third quarter earnings. Zoe Kuhlkin hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Here's your midday brief for Friday, October 31st. I'm Zoe Colkin for the Wall Street Journal.

0:10.7

We're exclusively reporting J.P. Morgan Chase's Investment Bank is leading a group that has invested

0:16.1

approximately $90 million in the Texas Stock Exchange, marking the latest major Wall Street backer for the

0:22.7

upstart venue. The investment brings the Dallas-based Texas Stock Exchange Group's total

0:27.8

fundraising to date above $250 million. The group's launch is planned for 2026 as an alternative

0:34.7

to New York's dominant duopoly, the New York Stock Exchange and the NASDAQ.

0:39.9

In Arab-led militia, the rapid support forces is now using drones and execution squads

0:45.9

to violently target and dominate Darfur's black population as the Sudan Civil War escalates.

0:52.6

Humanitarian groups are warning that the recent violence has the

0:55.8

potential to surpass the 1994 Rwandan genocide, especially as the World Health Organization

1:01.9

reported the rebels killed all 460 people inside the main ward of Elfashir's only functioning

1:08.5

hospital. More than 2,000 people have been killed in El

1:12.1

Fasher since the RSF overran government defenses. And over 70% of the city's population,

1:19.2

largely Black Sudanese, have fled their homes. And lastly, two major oil companies

1:25.9

reported third quarter earnings today.

1:27.8

ExxonMobil's quarterly profit decreased to just over $7.5 billion down from around $8.6 billion a year earlier,

1:36.4

primarily hurt by weaker crude oil prices and higher operating costs.

1:40.9

Chevron's third quarter profit fell to just over $3.5 billion from just under

1:45.9

$4.5 billion a year earlier, also citing lower crude oil prices, as well as costs associated with

1:52.5

its Hess acquisition. Heads up, an artificial intelligence tool helped us make this episode by

1:57.6

creating summaries that were based on WSJ reporting and then reviewed and adapted

2:01.8

by an editor. We'll have more coverage of the day's news on the WSJ's What's News podcast. You can add it to your

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