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Today's news, fully digested.
Thursday, November 12, 2026  •  Full edition

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Stocks & Stuff

CONGRESS WANTS NVIDIA'S JENSEN UNDER OATH

Nvidia is down roughly 18% this month and has erased its 2026 gains, and the cause is not chip demand. On November 8, Jensen Huang emailed staff to admit he had been unfaithful, said he was deeply sorry, and named nobody. The Times had already reported he told his board the other person was a business executive whom US intelligence concluded works for Chinese intelligence, specifically an executive at Megaspeed, a Singapore data center firm that happens to be one of Nvidia's biggest customers and already under US scrutiny over chips allegedly moving into China. The board opened an independent investigation with outside counsel the same day, said it had no reason to believe national security or Nvidia secrets were compromised, and then said the inquiry would examine all available information. Pick one. Wednesday the Times reported a second affair, with an Nvidia vice president who reports directly to him. The stock fell about 8% after hours, the Journal reported the board was preparing to oust him, and Bloomberg says directors hired an outside firm to go find a replacement for a man analyst Dan Ives figures is worth 25% to 30% of the company. Washington is not aligned either. Trump called him a great guy on Sunday. Senator Kevin Cramer says he has got to go. House chairmen Brian Mast and John Moolenaar want him at a closed-door briefing November 18 and have threatened a subpoena, which nobody has actually issued. Nothing about the spying is proven, and China denies it.

Sources (3)
Offbeat

DETROIT MAN WALKS TWO HORSES ONTO A CITY BUS

Saturday evening near 7 Mile and Strasburg, Ellessia Drew was driving past a Detroit bus stop and filmed two saddled horses being walked in the front door of a DDOT bus and back out the rear. The driver lowered the wheelchair ramp to help them board. CBS News had to run the metadata to confirm the clip was real and not AI, which is the single bleakest sentence in this story. The owner is Jordan Williams, co-founder of Urban City Cowboys, who says he was leaving a fundraiser where he'd been giving kids horseback rides. He asked the driver if he could bring his "service animal" aboard for a video to spotlight Black cowboys in Detroit. Then he offered a resume: the Jefferson, the Chalmers, the Conners, and now the 7 Mile. He told WXYZ it's not his first rodeo, and added that the buses are smaller now, or he's bigger. He reposted the video on Facebook with "Oppps I did it again." DDOT called it inconsistent with policy and said it potentially creates an unsafe and uncomfortable ride. Their actual rule is that a service animal has to sit on the floor or in the passenger's lap, so a horse fails on two counts. Williams says two or three people were on board and nobody got hurt, and he hopes the city laughs and comes to a rodeo. The mayor's office says they've identified him and opened an investigation.

Sources (3)
The Morning Dump
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Sports

BASEBALL'S TWO BEST PITCHERS EACH WIN THEIR LEAGUES UNANIMOUSLY

The Baseball Writers announced the 2026 Cy Youngs on Wednesday night and left absolutely nothing to argue about. Cam Schlittler of the Yankees and Jacob Misiorowski of the Brewers each took all 30 first-place votes. Schlittler's name went public about 30 minutes before Misiorowski's, so he got half an hour as the only unanimous pitcher in baseball. Both won in their second big league season, their first full one. No pitcher has ever won a Cy Young in his debut season, and these two are the sixth and seventh to do it in year two. The last time both leagues went with sophomores was 1985, Dwight Gooden and Bret Saberhagen. Misiorowski went 16-5 with a 1.80 ERA, 252 strikeouts and a 0.80 WHIP in 174 2/3 innings, and his four-seamer averaged 100.6 mph. In September he became the first pitcher to throw 1,000 pitches at 100 mph or harder in a single season. Ballots were due before the playoffs started, so voters did not even get to count the 5 2/3 shutout innings he threw to clinch Milwaukee's first World Series. Schlittler went 14-6 with a league-best 1.95 ERA in 33 starts, third-lowest in Yankees history behind Spud Chandler and Ron Guidry. A year ago he was a 2.96 guy in 14 starts. He is the seventh Yankee to win it, and his takeaway was that the job isn't done yet, which is a polite way to describe watching the other winner ride in a parade.

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World & Whatnot

RUSSIA AND UKRAINE AGREE ON PRISONER SWAP, WAR STILL CONTINUES

Russian and Ukrainian negotiators sat down in Abu Dhabi for two days with American mediators and produced exactly one deliverable: a large-scale prisoner of war exchange. Russia's lead negotiator, Vladimir Medinsky, made sure to attach the words "in principle," in case anyone got carried away. Day one ran about four hours. Day two was done in under two. These two sides had not met since February, nine months of nothing, and they still wrapped before lunch. The swap is real and it counts. A Russian general staff official said it could be one of the biggest yet and could happen within two or three weeks. Everything underneath it, territory and ceasefire and the actual ending of a war about to hit five years, moved nowhere. Ukraine's David Arakhamia called these some of the toughest talks yet, said the Russians arrived with strict instructions, then said there is "good momentum" toward a solution before the New Year. Trump has been saying it is close to settled for a while now. Europe got the worst seat. EU and NATO officials flew to Abu Dhabi and consulted with Kyiv in a side room while the Russian delegation declined to meet them at all. Al Jazeera reported Medinsky saying Moscow has no objection to EU participation. Reuters reported him saying a deal depends on whether Europe "comes to its senses." Witkoff and Kushner took it all to Moscow the next day.

Sources (3)
Dealer's Choice

MISSISSIPPI SENATE SEAT FLIPS BLUE BY SMALLEST OF MARGINS

In 2023, Republican Sen. Cindy Hyde-Smith used her home-state veto to block Scott Colom from a federal judgeship Joe Biden had handed him, citing his support for transgender rights among other things. Eight days after the midterms, the AP called the Mississippi Senate race for that exact same guy. He gets her desk instead. The count was ugly for her all week. Election night ended with the two separated by 65 votes, and Colom finished at 49.2 percent to her 48.7 with 99 percent of precincts in. Mississippi has no automatic recount law, so overturning it would take a court order. Hyde-Smith called Colom, then posted a video saying she respects the decision of Mississippi voters. The closing stretch was a slow-motion car crash. She hasn't debated anybody since 2018, which Colom called chicken. She went on WLOX in Biloxi, got asked about the price of beef, and said Mississippians have "so many other proteins to choose from." Trump flew in to prop her up. Colom still out-raised her down the home stretch. Colom, a 43-year-old district attorney, becomes Mississippi's first Black senator since Reconstruction and the first Democrat the state has sent to the Senate since 1982. It is the eighth Senate seat Democrats flipped this cycle, putting them at 55.

Sources (2)

That's the dump. See you tomorrow, same bowl. - The Morning Dump crew

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