Crude oil prices continued to rise, sending the S&P 500 Energy Index up 1.9% to a record high.

Zai Lab (09688.HK) shares fell more than 6% intraday after the company proposed a private placement of 11.34 mln American depositary shares (ADS), expected to raise net proceeds of about $241 mln.

Politico reported Elon Musk donated an additional $76 mln to the America PAC super PAC in the first two weeks of October, taking his election-cycle political contributions above $442 mln. America PAC has spent tens of millions on digital ads, mail and SMS targeting competitive House and Senate races. Politico says Musk is the largest individual donor this cycle; his political giving this year far exceeds the roughly $290 mln he spent earlier in 2024, and no individual has donated this much in modern U.S. political history.