Global financial media focused on the following major headlines overnight:

1. Trump administration considers raising retirement age to address Social Security bankruptcy crisis 2. US government October shutdown risk escalates as bipartisan temporary funding bills fail in Senate 3. xAI raises $10 billion at $200 billion valuation? Musk denies report 4. Apple iPhone 17 launch day sparks controversy as store display models found with multiple scratches 5. Microsoft raises Xbox prices in the United States 6. Trump's former advisor Bannon: Let Bessent lead both Treasury and Federal Reserve

**Trump Administration Considers Raising Retirement Age to Address Social Security Bankruptcy Crisis**

Social Security Administration Commissioner Frank Bisignano refuted Senator Elizabeth Warren's accusations about the "lack of transparency" at the Social Security Administration during a program interview and shared his views on the bankruptcy risks facing the Social Security system.

It is reported that to prevent the Social Security system from falling into bankruptcy, the Trump administration is evaluating all feasible options, including raising the retirement age.

When asked by the host whether he "would consider raising the retirement age," Bisignano responded: "I think all options are under consideration and will be taken into account."

**US Government October Shutdown Risk Escalates as Bipartisan Temporary Funding Bills Fail in Senate**

The US government moved closer to an October 1 shutdown as Senate Democrats and Republicans reached an impasse on temporary funding legislation Friday, with both parties' proposed bill versions being rejected by the other side.

Democrats demanded increased healthcare spending, while Republicans refused to agree and proposed a simpler bill to maintain government operations until November 21.

With the October 1 deadline approaching, the Senate is also scheduled to recess for a week, making conflict resolution more difficult. The Senate may not return to Washington until September 29 at the earliest. The House is scheduled to recess until after October 1.

**xAI Raises $10 Billion at $200 Billion Valuation? Musk Denies**

Sources indicated that Musk's xAI is raising $10 billion from investors, with the artificial intelligence startup valued at $200 billion.

This represents the latest example of soaring valuations for companies developing foundational AI models. Earlier this month, Anthropic raised $13 billion at a $183 billion valuation. The industry's largest company, OpenAI, conducted a secondary stock offering at a $500 billion valuation.

Later Friday, Musk posted on X calling the report "fake news" and stating that "xAI is not currently raising any funding."

**Apple iPhone 17 Launch Day Sparks Controversy as Store Display Models Found with Multiple Scratches**

Electronics consumers waited Friday to purchase Apple's latest iPhone model. However, some who arrived at retail stores discovered that certain display models already showed scratches.

On-site visits to Apple stores in New York, Hong Kong, Shanghai, and London revealed that the deep blue iPhone 17 Pro and Pro Max models showed scratches after just hours of display. The black iPhone Air was also observed to be prone to scratching.

Additionally, Apple's magnetic MagSafe charger leaves a noticeable circular mark on the back of iPhone 17 Pro models.

**Microsoft Raises Xbox Prices in the United States**

Microsoft said Friday it will raise the suggested retail prices of several Xbox gaming consoles in the United States starting in October due to "changes in the macroeconomic environment."

The company stated it will not raise prices for accessories such as controllers and headsets, and prices in other countries will remain unchanged.

While Microsoft did not explicitly attribute the price increases to Trump administration tariffs, many consumer goods companies have been warning for months that price increases are coming. President Trump has imposed tariffs on multiple countries this year, with the explicit goal of bringing more manufacturing to the United States.

**Trump's Former Advisor Bannon: Let Bessent Lead Both Treasury and Federal Reserve**

Regarding who should succeed Fed Chair Powell next year, White House confidant Steve Bannon proposed an unusual solution.

"I firmly believe that on a temporary basis, Bessent should serve as both Fed Chair and Treasury Secretary, perhaps through the midterm elections, resign from Treasury, and take over the Fed," Bannon said.

Bannon served as White House chief strategist during Trump's first term but was fired by the president after just seven months. However, he is still considered to have respect within the administration.

The White House response indicated they have little interest in this proposal.