Thai finance ministry official says raising electric-vehicle import tax will boost domestic production.

Pictet Asset Management said a stronger-than-expected Democratic showing in the US midterms could reduce policy reversals. Chief strategist Luca Paolini said a Democrat-controlled Congress would be more likely to block further Trump-era tax cuts, rollbacks of regulation and measures to accelerate the AI sector, and could make further US escalation against Iran harder. He cautioned a presidential veto can be overturned only by two-thirds majorities in both chambers — a high but not impossible threshold.

MORGAN STANLEY lowered its price target on Nike to $25.00 from $27.00.