Record Closing Highs, GPT-5 Unleashed, and a $500 Billion Surprise – Business News Roundup (Aug 9–10, 2025)
The Nasdaq Composite closed at its 18th record high of 2025. OpenAI launched GPT-5 for 700 million users, targeting a $500 billion valuation. Federal Reserve Vice Chair Michelle Bowman signaled three rate cuts likely by year-end. Nexstar Media Group entered advanced talks to acquire Tegna, sending Tegna shares up 30%.
