Talen Energy (TLN) shares pull back after US regulators rejected a deal that would have allowed Amazon's (AMZN) cloud business, Amazon Web Services (AWS), to buy power for its data centers. Catalysts Hosts Seana Smith and Madison Mills break down the news and what it means as Big Tech companies turn to nuclear energy to power their AI data centers. Other stocks that have recorded recent gains driven by the AI-fueled interest in nuclear energy like Constellation Energy (CEG), Vistra Corp. (VST), Oklo (OKLO), Centrus Energy (LEU), NANO Nuclear Energy (NNE), and NuScale Power (SMR) are also seeing losses in their respective stocks this morning. dTo watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan...

Big Tech earnings have been mixed as investors weigh hefty artificial intelligence (AI) spending from the likes of Microsoft (MSFT), Meta (META), Amazon (AMZN), and others, with the ultimate payoff of investing in the tech. BMO Wealth Management CIO Yung-Yu Ma joins Seana Smith and Brad Smith on Morning Brief to check in on the top stories moving the market, including third quarter earnings, the US election, and the Federal Reserve meeting. "The reaction is really keying off of is just the very high amount of spending that's going into AI and the very uncertain payoffs and far-out potential payoffs that would be coming from those from the mega-cap tech companies that have such a large weighting in the index ... It makes sense that the market isn't going to get enthusiastic about that," Ma tells the Morning Brief team. He notes, "We do think 2025 is going to be a healthy year for earnings growth. We actually think that what's going to drive earnings growth in 2025 is business spending broadly. And part of that is certainly AI and what goes into it [like] data centers, upgrades to the electricity grid, other infrastructure that will drive spending, technology spending." Watch the video above for more insights from the strategist on his 2025 market outlook, Nvidia (NVDA) joining the Dow Jones Industrial Average (^DJI), uncertainty about the upcoming US presidential election and Federal Reserve meeting, and more. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan...

This week will bring more volatility-inducing events than we typically see in a given week...

Nuclear-energy stocks slid after the Federal Energy Regulatory Commission shot down Amazon's plan to use more power from a Talen Energy nuclear reactor to fuel a data center. The decision is a sign that attempts by tech companies to hook projects up directly to sources of power could face obstacles from utility companies and regulators. Talen Energy, the company trying to sell more nuclear power to Amazon from the Pennsylvania plant, said the FERC ruling could have a chilling effect on similar projects, and that it is evaluating options...

We're also talking about a niche grocer, growth at a reasonable price, and candy...

Shares of Constellation Energy tumbled Monday morning as a recent regulatory decision dragged Constellation and other nuclear energy stocks, and outweighed an earnings beat from the energy provider...