Pfizer (PFE.N) raised and narrowed its 2025 earnings per share guidance, now expecting full-year adjusted earnings per share of $3.00 to $3.15, up from its previous guidance of $2.90 to $3.10.

1. Trump publicly endorses former New York Governor Cuomo ahead of New York mayoral election —On the eve of the New York City mayoral election, Trump urged New Yorkers to vote for Democratic candidate and former New York Governor Andrew Cuomo. He also threatened to limit federal funding to New York City if Mamdani (the Democratic candidate who has consistently led in the polls) is elected mayor. 2. Trump reportedly instructs more members of Congress to brief on Venezuelan anti-drug strategy —According to Axios, Trump has instructed staff to brief more members of Congress on his administration's aggressive anti-drug strategy in the Caribbean and Pacific region. Secretary of State Rubio is scheduled to brief lawmakers on Capitol Hill on Wednesday. 3. Acting Inspector General of the Federal Housing Finance Agency reportedly dismissed —According to four sources familiar with the matter, Joe Allen, acting inspector general of the Federal Housing Finance Agency, has been dismissed as Trump strikes at what he sees as political opponents. Throughout the administration, the Trump administration has so far dismissed or reappointed nearly 24 agency oversight personnel. 4. Trump says peaceful coexistence with China is better than confrontation – Following the consensus reached in the US-China trade negotiations, high-ranking US officials have made numerous statements, and the White House has also released a specific timetable for implementing the relevant consensus. US President Trump stated that cooperation with China can make the US "better." 5. State Street CEO criticizes immigration policy as "anti-growth" – Ron O’Hanley, CEO of State Street, one of the world's largest asset management companies, criticized Trump's immigration policy as "anti-growth," saying that the unprecedented crackdown by the US government is throwing highly skilled foreign workers into chaos. 6. US Treasury Secretary says he will attend Supreme Court tariff hearing – US Treasury Secretary Bessant said on Monday that he will attend the Supreme Court hearing this week on the legality of Trump's tariff policy, calling it a "national security issue."

Key News 1. US Treasury Secretary says the US may impose tariffs on China if it continues to block rare earth exports; China responds. 2. Trump claims China is "secretly testing nuclear weapons"; Foreign Ministry responds. 3. Two departments issue document promoting high-quality development of water-saving equipment; efficient cooling and smart water use equipment accelerate industrialization. Stock News 1. Baihehua: Actual controller Chen Lirong mistakenly sold 160,000 shares beyond the permitted limit; he has now repurchased the same number of company shares. 2. Sanhua Intelligent Control: As of October 31, it repurchased 1.9361 million shares, amounting to nearly 56 million yuan. 3. China Mobile: Controlling shareholder China Mobile Group plans to transfer 41.98 million shares of the company to China National Petroleum Corporation free of charge. 4. Hangxin Technology: Controlling shareholder plans to change to Quzhou Chuangke; stock and convertible bonds resume trading on the 4th. 5. Hangyu Technology: As a key component supplier, it is deeply involved in the project of China's first thorium-based molten salt experimental reactor. 6. Dashen Intelligent: Its actual controller and chairman, Liu Bang, is under investigation and placed under house arrest. 7. China Shenhua: The company distributed a total of RMB 19.471 billion in cash dividends for the first half of 2025. 8. Guangxin Group, the largest shareholder of Shengyi Technology, along with its directors, supervisors, and senior executives, plans to reduce their holdings by no more than 1.03% of the company's shares. 9. Huitian New Materials: Signed a strategic cooperation agreement with Tailan New Energy to collaborate on adhesives for solid-state batteries. 10. TCL Technology: The restructuring plan of Shanshan Co., Ltd. failed to pass the creditors' meeting. 11. Canadian Solar: Expected energy storage system capacity of 15GWh per shift and battery cell capacity of 3GWh by the end of 2025. 12. Hanjiang Heshan: Signed a RMB 207 million procurement contract with China Nuclear Industry Huaxing Construction Co., Ltd., representing approximately 26.29% of its audited operating revenue in 2024. 13. Qiangrui Technology: Plans to invest 70 million yuan to acquire a 35% stake in Albao Technology, a liquid cooling company. The target company will indirectly supply AI servers to NVIDIA. 14. Huayuan Holdings: Plans to invest 300 million yuan to establish a wholly-owned subsidiary, Xinyuan Technology, to transform and upgrade its operations in integrated circuits and information technology.