NYC Midtown Stability Watch: Crews stabilized a buckling Midtown office-to-residential conversion after evacuations, but officials and critics are still fighting over what went wrong and what comes next for the city’s conversion boom. Housing & Cost Pressure: A New York Fed report says businesses are still passing along tariff-driven costs, while a separate housing affordability story puts new-home regulations at roughly $132K per build—another reminder that policy is showing up in monthly payments. Wall Street & AI Mood: After a strong AI-led rally, investors are taking profits and reassessing chip and Big Tech spending as Middle East tensions rattle markets. Markets & Commodities: Cocoa futures in New York jumped as Jefferies warned of a “perfect storm” in Ivory Coast and Ghana tied to weather and crop risks. Finance Regulation: Kalshi is pushing to expand never-expiring derivatives, but a New York court setback and regulator scrutiny keep the fight alive. Local Business Moves: Philippine Airlines adds more nonstop flights to Vancouver, Toronto, and JFK, while a Brooklyn-based AI firm is drawing attention for a $1.7M annual housing stipend to cut commuting. Health Tech: A smartwatch-based AI system reportedly predicted worsening heart failure earlier than weight-based monitoring.