Tonight’s vice presidential debate matters a lot more this time around

1. Millennials, it’s your time to shine. Boomers are retiring and leaving their small businesses behind. That’s created the perfect opportunity for millennials to take what boomers started and run with it to their own golden retirements.
2. Consulting is so last year. Once a magnet for business students and MBAs, consulting firms now face increased turnover. After a tough few years, workers are reconsidering consulting despite its alluring reputation for generous expense accounts and stability.
3. Prada is beating the luxury slump. Thanks to a hot streak at Miu Miu, Prada has done what few luxury retailers have been able to do this year: grow. Its sales and stock are both up, and investors are excited. In short, it doesn’t get trendier than Miu Miu — and trendy is good for business.

What’s happening today

• Former president Jimmy Carter turns 100.
• Mark Rutte replaces Jens Stoltenberg as NATO Secretary-General.
• Claudia Sheinbaum assumes office as Mexico’s first female president.
• Nike reports Q1 earnings, and new CEO Elliott Hill takes over.
• House Speaker Mike Johnson delivers speech at NYSE.

The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Hallam Bullock, senior editor, in London. Milan Sehmbi, fellow, in London. Amanda Yen, fellow, in New York.