Monday, November 10, 2025

The Daily Market Flux - Your Complete Market Rundown (11/10/2025)

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Here is Your Complete Market Rundown (11/10/2025):

Today's Top Stories:

Stocks Rally on Shutdown Deal Hopes

Stocks rallied and futures rose as the Senate advanced a deal to end the government shutdown. Oil gained, while treasury yields climbed amid the shutdown optimism. Global shares also jumped.

Senate Advances Shutdown Deal; House Vote Expected Soon

The Senate advanced a deal to end the government shutdown, passing a bill with a 60-40 vote. House Speaker Johnson aims for a House vote "as soon as possible" after Senate finalizes the bill, signaling a likely end to the shutdown.

Bitcoin Surges to $106K Amid Altcoin Rally

Bitcoin rallied to $106K, fueled by altcoin momentum and optimism surrounding a Senate shutdown deal. Ethereum, XRP, and Dogecoin also saw gains, with the surge driven partly by U.S. dividend optimism.

Company News:

Coinbase Global, Inc. (COIN)

Performance Overview

1D Change:  2.8%

5D Change:  -3.73%

News Volume:  65

Unusual Volume Factor:  2x

Coinbase Launches Token Sales Platform for Retail Investors with Monad as First Offering

Coinbase Global unveiled a new platform enabling retail investors to purchase digital tokens before they list on its main exchange, marking a significant return to public token sales not seen since the ICO boom.

The platform, powered by Coinbase’s Echo acquisition, will host approximately one token sale per month with purchases allocated through an algorithm during one-week bidding windows. Investors will use USDC for transactions, and all projects must pass Coinbase’s vetting process to ensure compliance and transparency.

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Pfizer Inc. (PFE)

Performance Overview

1D Change:  -0.18%

5D Change:  -1.24%

News Volume:  67

Unusual Volume Factor:  2x

Pfizer Wins $10 Billion Bidding War for Obesity Drug Developer Metsera After FTC Intervention

Pfizer secured the acquisition of weight-loss drugmaker Metsera for up to $10 billion after outbidding rival Novo Nordisk in a fierce takeover battle.

The deal was clinched after Pfizer raised its offer by $1.7 billion and received assistance from U.S. regulators, with the FTC warning Metsera about potential regulatory concerns regarding Novo Nordisk’s offer structure.

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Ltd. (MNDY)

Performance Overview

1D Change:  -12.43%

5D Change:  -18.97%

News Volume:  53

Unusual Volume Factor:  23x

Plunges 15-20% Despite Strong Q3 Beat as Weak Q4 Guidance Triggers Sell-Off

Monday.com shares tumbled sharply on November 10, hitting a 52-week low of $151.01 after the company reported third-quarter results that significantly exceeded expectations but issued disappointing forward guidance.

The cloud-based work operating system provider delivered Q3 earnings per share of $1.16 versus estimates of $0.88, while revenue reached $316.9 million, topping the $312.3 million consensus and representing 26% year-over-year growth.

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Nvidia Corporation (NVDA)

Performance Overview

1D Change:  5.7%

5D Change:  -3.85%

Nvidia Surges 5.8% as Analysts Dismiss China Curbs and Raise Price Targets Ahead of Earnings

Nvidia shares posted their strongest single-day gain since April, climbing 5.8% on Monday as Wall Street analysts reinforced bullish outlooks ahead of the company’s November 19 earnings report.

The rally added over $150 billion to the chipmaker’s market capitalization and helped lead broader market gains. Multiple investment firms upgraded their positions on Nvidia despite recent concerns about AI spending sustainability. Citi raised its 30-day price target to $220 from $210, projecting the company will deliver a “beat and raise” with October quarter revenue of approximately $57 billion versus Street estimates of $55 billion. The firm also expects January quarter guidance of $62 billion, citing supply constraints rather than demand weakness as the primary bottleneck.

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Eli Lilly And Company (LLY)

Performance Overview

1D Change:  4.61%

5D Change:  7.82%

Eli Lilly Hits All-Time High on Analyst Upgrade and Gene Therapy Partnership

Eli Lilly shares surged as much as 6.2% to reach a fresh all-time high on Monday, driven by multiple positive catalysts.

Leerink Partners upgraded the stock to Outperform, citing “multiple waves” of obesity drug adoption that could drive continued growth. The upgrade follows a landmark deal with the U.S. government, though details were not specified in the headlines.

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Palantir Technologies Inc. (PLTR)

Performance Overview

1D Change:  8.81%

5D Change:  -6.66%

Palantir Surges 7.5% as AI Trade Rebounds Amid Burry-Karp Feud

Palantir Technologies jumped 7.5% Monday, leading a broader rally in AI stocks alongside Nvidia as technology shares rebounded from recent corrections.

The gains came despite ongoing debate over AI valuations, with the stock emerging as a top market cap mover and helping drive the S&P 500 higher.

The rally occurred against the backdrop of a public dispute between Palantir CEO Alex Karp and “Big Short” investor Michael Burry, who maintains a short position against the company. Burry fired back after Karp criticized his bearish bet, though the stock’s strong performance suggested investor confidence remains intact.

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Geopolitics Events

BBC Faces Trump's Legal Threat After Edited Documentary

President Trump is threatening legal action against the BBC over an edited documentary. This follows the BBC's chairman apologizing for an "error of judgement" in editing Trump's speech. The BBC is expected to apologize after its chief's resignation, with BBC News confirming it received a legal threat from Trump.

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Trump Warns Supreme Court Tariff Ruling Could Cost U.S. Over $2 Trillion

President Trump escalated his defense of tariff policies, claiming unwinding them would cost the United States over $2 trillion in revenue and investments. In a Truth Social post, he characterized a potential adverse Supreme Court ruling as a national security catastrophe and accused opponents of spreading false cost estimates. Trump alleged critics, including those at the Supreme Court, are attempting to undermine his trade agenda while foreign countries downplay the true economic impact of his tariff program.

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Supreme Court Upholds Same-Sex Marriage

The Supreme Court rejected a bid to overturn same-sex marriage rights, declining to reconsider its 2015 decision.

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Trump Predicts US Inflation Will Drop to 1.5% Soon

President Trump stated the United States will reach 1.5% inflation "pretty soon," offering an optimistic timeline for declining price pressures without specifying when this target would be achieved.

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Trump Pardons Giuliani, Allies Involved in 2020 Election

President Trump has pardoned Rudy Giuliani and other allies involved in efforts to overturn the 2020 election results, according to reports.

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Trump Signals Progress on India Trade Deal, Tariff Reduction Ahead

President Trump announced the US is nearing a trade agreement with India that would lower tariff rates on Indian goods. Trump characterized the potential deal as different from previous arrangements with New Delhi, though he did not specify a timeline for tariff reductions beyond saying they would come at some point.

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Trump Announces $2,000 Tariff-Funded Dividend for Middle and Lower-Income Americans

President Trump announced plans to distribute a $2,000 dividend to middle and lower-income Americans, funded by tariff revenue. The proposal complicates ongoing Supreme Court arguments regarding trade policy implementation.

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Switzerland Nears US Tariff Deal

Switzerland is reportedly close to securing a 15% tariff agreement with the U.S., a significant improvement after facing a 39% levy since August.

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China Eases Trade Restrictions After US Talks

China suspended "special port fees" on US vessels for a year and ended export curbs on key tech metals. The Commerce Ministry responded to the US suspending Section 301 measures. China will also adjust management of drug-related precursor chemicals, curbing exports to North America.

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Trump Asks Supreme Court to Maintain Hold on Food Aid

Trump administration officials are urging the Supreme Court to maintain the suspension of a $4 billion federal food aid program.

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Johnson to Call House Back to DC for Government Funding Vote

House Speaker Johnson will call House members back to Washington D.C. once the Senate finishes its work. Johnson aims to hold a vote as soon as possible on a bill to reopen the government.

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Stock Markets Events

Warren Buffett Releases Final Letter as Berkshire Hathaway CEO, Addresses Succession and Legacy

Warren Buffett issued his last shareholder letter as Berkshire Hathaway CEO on Thanksgiving, addressing succession plans, philanthropy, and the company's future while confirming he will retain his stake for now.

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Crypto Events

Bitcoin Surges to $106K Amid Altcoin Rally

Bitcoin surged past $106,000, fueled by altcoin momentum and optimism surrounding a Senate shutdown deal and U.S. dividend prospects. Ethereum, XRP, and Dogecoin also saw gains.

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Coinbase Launches New Token Offering Platform

Coinbase is launching a platform for individual investors to purchase digital tokens before exchange listing. The platform will offer one token monthly, allocated via algorithm. $COIN rose 4% following the announcement.

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MicroStrategy Adds to Bitcoin Holdings

MicroStrategy purchased 487 Bitcoin for $49.9 million between November 3rd and 9th. The company's total holdings now amount to 641,692 Bitcoin.

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Macro Events

Fed's Miran Advocates for December Rate Cut Amidst Dovish Stance

Federal Reserve Governor Stephen Miran has expressed a dovish outlook, suggesting that recent data warrants a more accommodative monetary policy. Miran stated that data since September indicates the Fed should be more dovish than its September view. He advocated for a 50 bps rate cut in December, but at least 25 bps. Miran noted that current inflation data is stale and misleading, with core PCE inflation running closer to the 2% target. He also stated that the US is no longer at maximum employment, with the labor market softening. Miran emphasized that staying the path on rate cuts is the right move. He also acknowledged that the FOMC is divided.

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Daly Sees Fed Policy in a "Good Place"

According to Fed's Daly, current policy is well-positioned, with rate cuts supporting the labor market and easing inflation. Inflation in goods prices remains contained. Daly noted productivity and GDP are rising while the labor market slows. She added that inflation is slowing outside of tariffed goods.

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Technology Events

Apple Delays Next iPhone Air Release Amid Weak Sales

Apple has postponed the launch of its next-generation iPhone Air model, according to reports citing weak sales performance of the current device.

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Tech Stocks Rally as Volatility Index Retreats Below 20

The Nasdaq surged 2.29% to close at 23,531.20, marking its strongest session since May. The CBOE Volatility Index struggled to maintain levels above 20, oscillating between 23 and 18 throughout the month before settling in the high teens. Unusual options activity showed bullish positioning outweighing bearish bets, suggesting traders anticipate declining volatility ahead.

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C3 AI Explores Sale After Founder Tom Siebel Steps Down as CEO

C3 AI is considering a potential sale following founder Tom Siebel's departure as CEO due to health issues. The company may alternatively pursue private capital raising in early-stage discussions.

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Healthcare Events

Biotech Sector Rallies on Positive Clinical Data and Partnerships

Biotech stocks are surging following a series of positive clinical trial results and strategic partnerships. MeiraGTx is leading the gains after announcing a collaboration with Eli Lilly for eye disease therapies. Intellia Therapeutics also experienced a significant boost due to positive data from its HAE treatment. Atai Beckley reported encouraging data for BPL-003 in treatment-resistant depression. Novo Nordisk's Wegovy showed liver health benefits in MASH patients. Other notable advancements include InflaRx's positive Phase 2a results for INF904, Monopar Therapeutics' promising Phase 2 study results, and CRISPR Therapeutics' positive Phase 1 data for CTX310. Additionally, Belapectin demonstrated antifibrotic effects in MASH patients, and Nektar Therapeutics reported positive asthma data in atopic dermatitis.

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Fixed Income And Interest Rates Events

Treasury 3-Year Auction Shows Strong Demand as $125 Billion Week Begins

The Treasury's $58 billion 3-year note auction demonstrated robust investor appetite, with yields clearing at 3.579%, a full basis point below the when-issued rate of 3.589%. The bid-to-cover ratio jumped to 2.85 from 2.66 previously, marking the largest stop-through since February. Direct bidders took 27.3% and indirect bidders 63.0%, while primary dealers absorbed just 9.72%, well below typical levels. The strong results set a positive tone as markets face $125 billion in Treasury auctions this week. Stocks rose alongside Treasury yields on optimism surrounding a potential government reopening.

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US Treasury and IRS Issue New Crypto ETF Guidance

The U.S. Treasury and IRS issued new guidance, clarifying the path for crypto ETFs to stake digital assets and share staking rewards with retail investors. BitMine's accumulation strategy has increased its ETH treasury past 3.5M tokens.

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Corporate Actions Events

TreeHouse Foods to Be Acquired by Investindustrial

TreeHouse Foods shares surged after Investindustrial agreed to acquire the private-label food manufacturer for $2.9 billion, including debt.

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Barrick Boosts Dividend and Buyback After Profit Beat

Barrick Mining increased its quarterly base dividend by 25% to $0.125 per share and expanded its share buyback program. This decision follows a third-quarter profit that exceeded estimates, driven by record gold prices.

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Parker-Hannifin in Talks to Acquire Filtration Group for Nearly $9 Billion

Parker-Hannifin is negotiating to purchase Filtration Group from Madison Industries in a deal valued at approximately $9 billion, according to reports citing people familiar with the matter.

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Earnings Events

CoreWeave Posts Strong Q3 Beat on Surging AI Infrastructure Demand

CoreWeave reported Q3 revenue of $1.36 billion, exceeding estimates of $1.29 billion, driven by robust AI infrastructure demand. The company posted adjusted EBITDA of $838.1 million and narrowed its net loss to $110.1 million versus expectations of a $299.6 million loss, while revenue backlog jumped significantly.

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Occidental Petroleum Beats Q3 Profit Estimates Despite Revenue Miss

Occidental Petroleum exceeded third-quarter profit expectations with adjusted earnings of 65 cents per share versus estimates of 49 cents, driven by higher oil and gas output. However, net sales of $6.62 billion fell short of the $6.69 billion forecast.

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AST SpaceMobile Misses Q3 Estimates Despite Strong Year-Over-Year Growth

AST SpaceMobile reported Q3 revenue of $14.7M, missing estimates of $21.8M, though up 1,236% year-over-year. Loss per share of $0.45 exceeded the expected $0.21 loss. The satellite communications company maintained its second-half revenue guidance of $50M-$75M and holds $1.2B in cash and equivalents.

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Paramount-Skydance Shares Rise Despite Revenue Miss in First Combined Earnings

Paramount-Skydance stock gained following their inaugural earnings report as a merged entity, despite missing revenue estimates. The combined company reported streaming growth in the quarter.

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