Important News
1. The U.S. unadjusted Consumer Price Index (CPI) rose 3% in September, the highest annual rate since January 2025 and slightly below the consensus forecast of 3.1%.
2. Following the release of the September CPI data, traders increased bets that the Federal Reserve will cut interest rates twice more this year.
3. U.S. President Trump stated: "The stock market is stronger than ever due to tariffs."
Stock News
1. Target (TGT.N) will lay off 1,800 employees, its second-largest layoff in history.
2. Intel (INTC.O) shares rose nearly 6% in pre-market trading, with Q3 revenue increasing 3% year-over-year to $13.7 billion.
3. Procter & Gamble (PG.N) shares rose over 3% in pre-market trading, with first-quarter net sales of $22.39 billion exceeding expectations.
4. GlaxoSmithKline (GSK.N) received FDA approval for its blood cancer drug Blenrep, which will return to the U.S. market. 5. Sanofi (SNY.O) rose over 2% in pre-market trading, with sales of its flagship drug Dupixent exceeding €4 billion for the first time in a single quarter.
6. IBM (IBM.N) completed research on a key quantum computing algorithm a year ahead of schedule, enabling it to run on standard AMD (AMD.O) chips.
7. Apple (AAPL.O) has begun shipping advanced servers for artificial intelligence applications from its Houston, Texas, factory.
8. Preliminary EU investigation results indicate that Meta Platforms (META.O) violated EU regulations on the management of illegal content.
9. Adverum Biotechnologies (ADVM.O) surged 25% in pre-market trading after Eli Lilly (LLY.N) announced it would acquire the company.
