U.S. and Brent crude both fell more than 2% intraday; WTI $96.94/bbl, Brent $105.41/bbl.

Market sources: Eli Lilly (LLY.N) said its OMVOH drug met the primary endpoint in a pediatric ulcerative colitis trial.

Chery will hold its 2026 Global Innovation Conference in Wuhu on Oct. 20 under the theme Change and will outline its Yaoguang 2035 plan to shift from an automaker to a global intelligent-technology company. The company will unveil an automotive-industry vertical large AI model and a humanoid robot called Mobao; the model integrates Chery’s compute, algorithm and data capabilities and will be paired with an automotive-grade chip designed for physical-world AI models, aimed at systematizing AI-driven vehicle manufacturing and extending technology to real-world use cases.