Kim Kahn

And in 2025, AI becomes a daily infrastructure.

OpenAI projects 220 million subscribers by 2030, and its valuation hits $500 billion in October.

The agent economy is starting to take shape.

And Swiss voters have decisively rejected a proposal to impose a 50% inheritance tax on the super-rich.

More than 80% voted against the plan.

The measure, aimed at estates above 50 million Swiss francs and intended to fund climate initiatives, faced backlash from the federal government and business groups who warned it would undermine Switzerland's appeal as a stable financial hub.

B of A pays out on December 26, BlackRock on December 23, and Union Pacific on December 30.

That's all for today's Wall Street Brunch.

Look for links to stories in the show notes section.

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Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon.

Today is Wednesday, November 26th, and I'm your host, Kim Kahn.

Our top story so far.

Consumers have already spent nearly $80 billion online this holiday season.

Adobe says early spending is running about 7.5% ahead of last year's pace.

Adobe highlighted that early deals are driving a lot of the momentum.

Over the first 23 days of the season, discounts for electronics peaked at 12%, but are expected to jump to 29% on Cyber Monday.