(Editor&#8217;s note: The future prices of benchmark tracking ETFs and headlines were updated in the story.)



U.S. stock futures declined on Wednesday after Dow Jones pared initial gains following Tuesday&#8217;s lower close. Futures of major benchmark indices were lower.



Investors interpreted the latest batch of corporate earnings as solid but not spectacular, offering a convenient excuse to take profits after strong year-to-date rallies.



Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PLTR">PLTR</a>), one of the poster children of this year's AI-fueled rally, <a href="https://www.benzinga.com/markets/equities/25/11/48645886/dan-ives-slams-michael-burry-for-betting-against-messi-of-ai-palantir-says-he-is-dead-wrong">slumped around 8%</a> despite easily beating Wall Street estimates and raising its full-year guidance.



President Donald Trump&#8216;s legal authority to impose his most sweeping duties faces a key test at the Supreme Court today. Justices will <a href="https://www.benzinga.com/markets/macro-economic-events/25/11/48582680/trump-wants-to-attend-supreme-courts-hearing-on-legality-of-his-tariffs-so-badly-but-wont-not-about-me-its-about-our-country">hear arguments in a case</a> whose decision could have significant reverberations for the global economy.



The 10-year Treasury bond yielded 4.08% and the two-year bond was at 3.58%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 70.1% likelihood of the Federal Reserve cutting the current interest rates during its December meeting. 



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Dow Jones</td><td>0.06%</td></tr><tr><td>S&amp;P 500</td><td>-0.10%</td></tr><tr><td>Nasdaq 100</td><td>-0.22%</td></tr><tr><td>Russell 2000</td><td>0.11%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SPY">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/QQQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell in premarket on Wednesday. The SPY was down 0.23% at $673.74, while the QQQ declined 0.36% to $617.00, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Stock Market News Today &#x7C; McDonald&#039;s, AMD, Qualcomm, Robinhood In Focus &#x7C; Nov 5, 2025" width="500" height="281" src="https://www.youtube.com/embed/Pr2voKGVDmA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



<h2 class="wp-block-heading">Stocks In Focus</h2>



<h2 class="wp-block-heading">Advanced Micro Devices</h2>



<ul class="wp-block-list">
<li>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMD">AMD</a>) fell 2.81% in premarket on Wednesday despite better-than-expected financial results for the third quarter. It said it expects fourth-quarter revenue of approximately $9.6 billion, plus or minus $300 million.</li>
</ul>



<ul class="wp-block-list">
<li>Benzinga&#8217;s Edge Stock Rankings indicate that AMD maintains a stronger price trend over the short, medium, and long terms, with a poor value ranking. Additional performance details are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="158" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042701/AMD-EDGE-NOV-5-1024x158.png" alt="Benzinga's Edge Stock Rankings for AMD." class="wp-image-1148833" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042701/AMD-EDGE-NOV-5-1024x158.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042701/AMD-EDGE-NOV-5-300x46.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042701/AMD-EDGE-NOV-5-768x118.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042701/AMD-EDGE-NOV-5.png 1156w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h2 class="wp-block-heading">Qualcomm</h2>



<ul class="wp-block-list">
<li>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/QCOM">QCOM</a>) was 0.42% lower ahead of its earnings scheduled to be released after the closing bell. Analysts expect it to report earnings of $2.87 per share on revenue of $10.77 billion.</li>
</ul>



<ul class="wp-block-list">
<li>QCOM maintained a stronger price trend over the short, medium, and long terms, with a solid growth ranking. Additional performance details, as per Benzinga&#8217;s Edge Stock Rankings, are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="162" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042614/QCOM-EDGE-NOV-5-1-1024x162.png" alt="Benzinga's Edge Stock Rankings for QCOM." class="wp-image-1148831" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042614/QCOM-EDGE-NOV-5-1-1024x162.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042614/QCOM-EDGE-NOV-5-1-300x47.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042614/QCOM-EDGE-NOV-5-1-768x121.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042614/QCOM-EDGE-NOV-5-1.png 1159w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Robinhood Markets</h2>



<ul class="wp-block-list">
<li>Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/HOOD">HOOD</a>) was 0.66% higher as analysts expect it to report earnings of $0.53 per share on the revenue of $1.21 billion after the closing bell.</li>
</ul>



<ul class="wp-block-list">
<li>It maintained a stronger price trend over the long, short, and medium terms, with a poor value ranking. Additional performance details, as per Benzinga's Edge Stock Rankings, are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="158" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042556/HOOD-EDGE-NOV-5-1024x158.png" alt="Benzinga's Edge Stock Rankings for HOOD." class="wp-image-1148830" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042556/HOOD-EDGE-NOV-5-1024x158.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042556/HOOD-EDGE-NOV-5-300x46.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042556/HOOD-EDGE-NOV-5-768x118.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042556/HOOD-EDGE-NOV-5.png 1156w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Pinterest</h2>



<ul class="wp-block-list">
<li>Pinterest Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PINS">PINS</a>) tumbled 18.90% as it posted downbeat earnings for the third quarter with revenue of $1.05 billion, in line with analysts&#8217; estimates. The idea discovery platform company&#8217;s adjusted earnings of 38 cents per share missed analyst estimates of 42 cents per share.</li>
</ul>



<ul class="wp-block-list">
<li>PINS maintains a weaker price trend over the short, medium and long term, with a poor quality ranking. Additional information is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="157" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042542/PINS-EDGE--1024x157.png" alt="Benzinga's Edge Stock Rankings for PINS." class="wp-image-1148829" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042542/PINS-EDGE--1024x157.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042542/PINS-EDGE--300x46.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042542/PINS-EDGE--768x118.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042542/PINS-EDGE-.png 1156w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">McDonald&#8217;s</h2>



<ul class="wp-block-list">
<li>McDonald&#8217;s Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MCD">MCD</a>) shares rose 0.60% before the opening bell after the fast-food chain reported better-than-expected quarterly revenue of $7.1 billion, beating the estimate of $7.09 billion. </li>
</ul>



<ul class="wp-block-list">
<li>MCD maintained a weaker price trend over short, medium, and long terms, with a strong growth ranking. Additional performance details, as per Benzinga&#8217;s Edge Stock Rankings, are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="155" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042505/MCD-EDGE-NOV-5-1024x155.png" alt="Benzinga's Edge Stock Rankings for MCD." class="wp-image-1148823" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042505/MCD-EDGE-NOV-5-1024x155.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042505/MCD-EDGE-NOV-5-300x45.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042505/MCD-EDGE-NOV-5-768x116.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042505/MCD-EDGE-NOV-5.png 1150w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Cues From Last Session</h2>



Sectors posting the biggest losses on Tuesday included communication services, consumer discretionary, and information technology, leading most S&amp;P 500 sectors to close on a negative note.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>-2.04%</td><td>23,348.64</td></tr><tr><td>S&amp;P 500</td><td>-1.17%</td><td>6,771.55</td></tr><tr><td>Dow Jones</td><td>-0.53%</td><td>47,085.24</td></tr><tr><td>Russell 2000</td><td>-1.78%</td><td>2,427.34</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">Insights From Analysts</h2>



BlackRock maintains a positive, overweight outlook on U.S. stocks, identifying the artificial intelligence theme as a powerful market driver. The firm's &#8220;Weekly commentary&#8221; highlights that recent &#8220;solid tech earnings&#8221; show &#8220;how the AI buildout remains a key equity driver.&#8221;



This is evidenced by mega-cap tech firms like Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GOOG">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GOOGL">GOOGL</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MSFT">MSFT</a>), and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/META">META</a>) significantly upping their capex spending on AI infrastructure, a trend BlackRock expects to continue.



This optimistic equity stance is &#8220;supported by Federal Reserve rate cuts.&#8221; While the Fed signaled a pause, BlackRock&#8217;s view is, &#8220;we think it will likely cut again,&#8221; likely in December. The rationale is that a &#8220;softening labor market gives the Fed space to cut.&#8221;



Economically, BlackRock anticipates &#8220;a notable slowing of activity without recession,&#8221; a scenario that it believes should support U.S. stocks. While acknowledging that &#8220;policy-driven volatility and supply-side constraints are pressuring growth,&#8221; the firm ultimately believes the powerful AI mega-force will continue to support corporate earnings.



BlackRock&#8217;s tactical view concludes that U.S. valuations are backed by &#8220;stronger earnings and profitability relative to other developed markets.&#8221;



See Also:<a href="https://www.benzinga.com/money/how-to-trade-futures"> How to Trade Futures</a>



<h2 class="wp-block-heading">Upcoming Economic Data</h2>



Here's what investors will be keeping an eye on Wednesday;



<ul class="wp-block-list">
<li>October&#8217;s ADP employment data will be out by 8:15 a.m., S&amp;P final U.S. services PMI by 9:45 a.m., and October&#8217;s ISM services data by 10:00 a.m. ET.</li>
</ul>



<h2 class="wp-block-heading">Commodities, Gold, Crypto, And Global Equity Markets</h2>



Crude oil futures were trading higher in the early New York session by 0.18% to hover around $60.67 per barrel.



Gold Spot US Dollar rose 1.31% to hover around $3,983.52 per ounce. Its last record high stood at $4,381.6 per ounce. The U.S. Dollar Index spot was 0.09% lower at the 100.1370 level.



Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was trading 1.92% lower at $101,947.22 per coin.



Asian markets closed lower on Wednesday, except China&#8217;s CSI 300 index. South Korea's Kospi, Japan's Nikkei 225, Australia's ASX 200, Hong Kong's Hang Seng, and India&#8217;s NIFTY 50 indices fell. European markets were also lower in early trade.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/11/48645965/jim-chanos-warns-iren-taking-all-the-risk-in-9-7-billion-microsoft-ai-pact-deal-will-decrease-eps">Jim Chanos Warns IREN Taking &#8216;All The Risk&#8217; In $9.7 Billion Microsoft AI Pact: &#8216;Deal Will Decrease EPS&#8217;</a></li>
</ul>



Photo courtesy: Shutterstock

Analyst Color

Earnings

Equities

Macro Economic Events

Market Summary

Short Sellers

Guidance

Futures

Commodities

Treasuries

Econ #s

Economics

Federal Reserve

Pre-Market Outlook

Markets

Trading Ideas

$BTC

GOOG

GOOGL

HOOD

MSFT

NVDA

PINS

PLTR

QCOM

Stock Market Today: Dow, S&P 500, Nasdaq Futures Slip But McDonald's Rises After Q3 Beat— AMD, Qualcomm, Robinhood In Focus (UPDATED)

On Wednesday, McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MCD">MCD</a>) reported solid global comparable sales (comps) and loyalty momentum in the third quarter. However, it experienced slower underlying growth, and a decline in company-operated <a target="_blank" href="https://www.benzinga.com/pressreleases/25/11/n48649091/mcdonalds-reports-third-quarter-2025-results" rel="noreferrer noopener">restaurant sales weighed on the results</a>.



<ul class="wp-block-list">
<li>MCD shares are trending higher. <a href="https://www.benzinga.com/quote/MCD" target="_blank" rel="noreferrer noopener">Get the market research here</a></li>
</ul>



The shares of the fast-food giant&nbsp;gained premarket on Wednesday after the firm reported third-quarter adjusted earnings per share of $3.22, missing the <a target="_blank" href="https://www.benzinga.com/pressreleases/25/11/n48649091/mcdonalds-reports-third-quarter-2025-results" rel="noreferrer noopener">analyst consensus estimate of $3.33.</a>



Quarterly sales of $7.07 billion missed the Street view of $7.095 billion. Consolidated revenues increased 3% (1% in constant currencies), while revenues from franchised restaurants rose 7% to $4.363 billion.



Also Read: <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/11/48628198/taco-bell-kfc-power-yum-brands-growth-pizza-hut-under-review" rel="noreferrer noopener">Taco Bell, KFC Power Yum Brands Growth; Pizza Hut Under Review</a>



Sales by Company-owned and operated restaurants fell 3% to $2.563 billion.



The Non-GAAP operating margin for the third quarter was 47.2%, and the GAAP operating margin was 46.5%.



<h2 class="wp-block-heading">Same-store Sales</h2>



Global comparable sales rose 3.6%, driven by a 2.4% gain in the U.S. and a 4.3% increase across International Operated Markets.



International Developmental Licensed Markets performed the strongest, advancing 4.7% in the quarter, led by&nbsp;Japan.



Global Systemwide sales totaled over $36 billion for the quarter, up 8% year over year, or 6% in constant currency.



Operating income in the quarter under review increased to $3.357 billion from $3.188 billion.



Loyalty-member Systemwide sales across 60 markets were about $34 billion for the last twelve months and over $9 billion for the quarter.



&#8220;We&#8217;re fueling momentum by delivering everyday value and affordability, menu innovation, and compelling marketing that continue to bring customers through our doors,&#8221; &nbsp;said Chairman and CEO&nbsp;Chris Kempczinski.



<h2 class="wp-block-heading">Currency Impact</h2>



McDonald&#8217;s noted that its Systemwide sales and revenue continued to be negatively impacted by the war in the Middle East. This impact was felt primarily in the International Developmental Licensed Markets.



Conversely, the company&#8217;s consolidated results benefited from favorable foreign currency translation, which primarily reflected the strengthening of most major currencies against the U.S. Dollar. This currency benefit added $151 million to total revenues and had a positive impact of $0.04 on diluted earnings per share.



<h2 class="wp-block-heading">Outlook</h2>



McDonald&#8217;s reaffirmed its 2025 outlook, expecting net restaurant unit expansion to contribute slightly more than 2% to its 2025 Systemwide sales growth, in constant currencies.



It sees the 2025 operating margin to be in the mid-to-high 40% range.



Capital expenditures for 2025 are projected to be between $3.0 and $3.2 billion.



The majority of this spending will be directed toward expanding new restaurant units in the U.S. and internationally operated Markets.



Globally, the company expects to open approximately 2,200 restaurants in 2025, including about 600 new restaurants in the U.S. and International Operated Markets.



The company expects to achieve a free cash flow conversion rate in the low-to-mid 80% range.



MCD Price Action: McDonald&#8217;s shares were up 2.60% at $307.00 at the time of publication on Wednesday, <a target="_blank" href="https://www.benzinga.com/pro/" rel="noreferrer noopener">according to Benzinga Pro data</a>.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/11/48620321/lattice-semiconductor-analysts-boost-their-forecasts-after-q3-earnings" target="_blank" rel="noreferrer noopener">Lattice Semiconductor Analysts Boost Their Forecasts After Q3 Earnings</a></li>
</ul>



Image via Shutterstock

News

Movers

General

McDonald's: International Markets Are 'Loving It'

Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/NVO">NVO</a>) on Wednesday reported third-quarter 2025 sales of roughly $11.75 billion (74.98 billion Danish kroner), slightly below the <a target="_blank" href="https://www.benzinga.com/quote/NVO/earnings" rel="noreferrer noopener">consensus of $11.88 billion</a>.



Sales increased by 5% in Danish kroner and 11% at constant currency. <a target="_blank" href="https://www.benzinga.com/topic/weight-loss" rel="noreferrer noopener">GLP-1 diabetes sales</a> increased by 11% to 36.74 billion Danish kroner, and Obesity care sales increased by 18% to 21.11 billion Danish kroner.



Insulin sales <a target="_blank" href="https://www.novonordisk.com/content/nncorp/global/en/news-and-media/news-and-ir-materials/news-details.html?id=916445" rel="noreferrer noopener">increased</a> by 1% to 11.99 billion Danish kroner, and Rare disease sales increased by 9% to 4.72 billion Danish kroner.



Also Read: <a target="_blank" href="https://www.benzinga.com/m-a/25/11/48634093/pfizer-novo-nordisk-intensify-fight-for-metsera-as-buyout-offers-continue-to-climb" rel="noreferrer noopener">Pfizer, Novo Nordisk Intensify Fight For Metsera As Buyout Offers Continue To Climb</a>



Operating profit decreased by 30% to 23.68 billion Danish kroner and by 21% at constant exchange rate (CER), impacted by one-off restructuring costs of around 9 billion Danish kroner. Operating margin fell from 47.4% to 31.6%.



Had Novo Nordisk not incurred such restructuring costs, operating profit would have decreased by 2% in Danish kroner and increased by 7% at CER.



The weight loss drug maker reported earnings of $1.03 per share (4.50 Danish kroner), beating the consensus of 77 cents. Adjusted net profit increased by 5% to 29.18 billion Danish kroner.



Ozempic&nbsp;sales increased 9% to 30.74 billion Danish kroner, and Wegovy sales jumped 23% to 20.35 billion Danish kroner.



<h2 class="wp-block-heading">Outlook</h2>



For the full-year 2025 outlook, Novo Nordisk revised sales growth guidance to be 8-11% at CER, with operating profit growth now expected to be 4-7% also at CER, including a negative impact of around 8 billion Danish kroner from the company-wide transformation.



In the second quarter, the company <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/08/46894213/compounded-glp-1s-and-competition-force-novo-nordisk-to-slash-outlook" rel="noreferrer noopener">reiterated the lowered guidance</a> in July of sales growth of 8-14% at CER, and operating profit growth of 10-16% at CER.



Sales and operating profit growth reported in Danish kroner is now expected to be 4 and 6 percentage points lower than at CER, respectively.



The narrowing of the guidance ranges reflects lowered growth expectations for Novo Nordisk&#8217;s GLP-1 treatments within diabetes and obesity.



&#8220;&#8230;the lower growth expectations for our GLP-1 treatments have led to a narrowing of our guidance,&#8221; said Mike Doustdar, president and CEO.



&#8220;&#8230;We aim to accelerate on all fronts to be able to compete better in dynamic and increasingly competitive markets,&#8221; Doustdar added.



Novo Nordisk said it accepted the U.S. Inflation Reduction Act&#8217;s Maximum Fair Price (MFP) for Ozempic, Rybelsus, and Wegovy in Medicare Part D, effective <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/11/48634128/eli-lilly-novo-nordisk-stocks-rise-on-reported-149-obesity-drug-deal-with-white-house" rel="noreferrer noopener">as of January 2027</a>. Price remains undisclosed



The company also said that if it applied starting in 2025, the estimated direct impact would have been a negative, low single-digit impact on 2025 sales growth.



<h2 class="wp-block-heading">Pipeline Update</h2>



The U.S. Food and Drug Administration <a target="_blank" href="https://ml-eu.globenewswire.com/Resource/Download/ae93d17e-6c68-433e-ac46-9ea814575af0" rel="noreferrer noopener">rejected</a> Novo Nordisk&#8217;s submission of Wegovy (semaglutide 2.4 mg) in the multi-dose PDS290 device. The FDA recommended the co-existence of the multi-dose pen with the single-dose pen already on the market.



In October 2025, Novo Nordisk submitted a variant application for semaglutide 7.2 mg (a higher dose of Wegovy) to the European Medicines Agency for the existing marketing authorisation for Wegovy in a single-dose pen.



Novo Nordisk still expects approval for the label extension application for semaglutide 7.2 mg in early 2026, as well as the approval of semaglutide 7.2 mg in a single-dose pen during the second half of 2026.



Wegovy is currently approved in the EU at doses up to 2.4 mg for obesity.



Oral semaglutide 25 mg (Wegovy pill) was submitted to the EU regulatory authorities in September.



In September and October, <a target="_blank" href="https://www.benzinga.com/general/biotech/25/02/43557877/novo-nordisk-eyes-2025-regulatory-filing-for-hemophilia-candidate-after-encouraging-pediatric-study-data" rel="noreferrer noopener">Novo Nordisk submitted Mim8</a>, an investigational prophylaxis treatment for haemophilia A with or without inhibitors, for regulatory approval in the U.S. and in the EU.



Price Action: NVO stock was trading higher by 2.40% to $49.41&nbsp;premarket at last check Wednesday.



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Photo by KK Stock via Shutterstock

Biotech

Government

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Health Care

Contracts

Ozempic Maker Novo Nordisk Trims Growth Outlook For Obesity Drugs

Zohran Mamdani challenged President Donald Trump in his victory speech, as <a href="https://www.benzinga.com/news/politics/25/11/48643743/zohran-mamdani-wins-nyc-mayor-race-abigail-spanberger-becomes-virginias-first-female-governor-in-historic-democratic-win">other winning Democratic candidates</a>, Virginia&#8217;s Rep. Abigail Spanberger and New Jersey&#8217;s  Rep. Mikie Sherrill, vowed economic prosperity for their states.



<h2 class="wp-block-heading">Mamdani Wins In &#8216;City Of Immigrants&#8217;</h2>



Democratic socialist Mamdani won New York City&#8217;s mayoral race with a campaign focused on free childcare, fast buses, city-run grocery stores, and a rent freeze. An immigrant himself and the city's youngest and first Muslim leader, Mamdani declared New York a &#8220;city of immigrants&#8221;. 



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="LIVE: Zohran Mamdani delivers victory speech in New York City" width="500" height="281" src="https://www.youtube.com/embed/y7ysB8KifC8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



The 34-year-old told NYC residents, &#8220;We have toppled a political dynasty.&#8221;



He also invoked the words of India&#8217;s first Prime Minister, Jawaharlal Nehru, from his historic 1947 "Tryst With Destiny" address, calling this &#8220;a moment [that] comes but rarely in history.&#8221;



Mamdani then <a href="https://www.benzinga.com/news/politics/25/10/48166395/nyc-mayoral-candidate-zohran-mamdani-calls-letitia-james-indictment-political-retribution-under-trump-administration">openly challenged</a> President Donald Trump, saying, &#8220;Donald Trump, since I know you're watching, I have four words for you: turn the volume up.&#8221; 



Meanwhile, Trump posted: &#8220;AND SO IT BEGINS!&#8221;



<h2 class="wp-block-heading">Virginia&#8217;s Spanberger Calls To End Shutdown</h2>



In Virginia, Spanberger secured a historic win, becoming the state&#8217;s first female governor. She focused her campaign on economic, public safety, and healthcare issues. 



"In 2025, Virginia chose pragmatism over partisanship,&#8221; said Spanberger in her victory speech.



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="FULL SPEECH: Abigail Spanberger victory speech after winning Virginia governor&#039;s race" width="500" height="281" src="https://www.youtube.com/embed/TbzQLkv5QbE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



As an incoming governor, the Democrat said, &#8220;&#8230;this was never about just winning an election. It was about what comes next. It's about the governing."&nbsp;



Spanberger also urged Trump and lawmakers from both parties to come together to resolve the federal <a href="https://www.benzinga.com/markets/macro-economic-events/25/11/48594325/when-goverment-shutdown-ends-odds-kalshi-goldman-sachs-economic-outlook">government shutdown</a>, which has now lasted for more than a month.



See Also: <a href="https://benzinga.com/news/topics/25/11/48627600/billionaire-sam-altman-says-his-own-son-wont-ever-be-smarter-than-ai-but-hell-still-be-happy-because-its-the-only-world-theyll" target="_blank" rel="noreferrer noopener">Billionaire Sam Altman Says His Own Son &#8216;Won&#8217;t Ever Be Smarter Than AI&#8217; — But He&#8217;ll Still Be Happy Because &#8216;It&#8217;s The Only World They&#8217;ll Ever Know&#8217;</a>



<h2 class="wp-block-heading">New Jersey&#8217;s Mike Sherrill Promises &#8216;Different Future&#8217; </h2>



Similarly, in New Jersey, Sherrill won the governor&#8217;s office. She emphasized the importance of the election in the context of democracy and the MAGA movement. Sherill adhered to moderate policies and focused on cost-of-living issues, introducing measures to tackle the state's soaring utility costs.



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="New Jersey Governor-elect Mikie Sherrill (D) Victory Speech" width="500" height="281" src="https://www.youtube.com/embed/A4bKczOjSZI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



Sherrill slammed Trump for &#8220;cutting SNAP, ripping away healthcare, terminating gateway,&#8221; and pledged to &#8220;fight&nbsp;for a different future&#8221; for the children of New Jersey, and to &#8220;build prosperity for all of&nbsp;our citizens.&#8221; 



She told New Jersey residents on Tuesday night, "take oaths to the Constitution, not a king."



<h2 class="wp-block-heading">A Comeback For Democrats?</h2>



This is the <a href="https://www.benzinga.com/news/politics/25/11/48643743/zohran-mamdani-wins-nyc-mayor-race-abigail-spanberger-becomes-virginias-first-female-governor-in-historic-democratic-win">first major electoral test</a> in Trump&#8217;s second term, where Democrats swept the major races in Virginia, New Jersey, and New York City, while voters in California approved a new congressional map that could help Democrats win five more House seats next year.



Trump attributed the GOP losses <a href="https://www.benzinga.com/news/politics/25/11/48644215/zohran-mamdanis-historic-victory-earns-him-congratulations-from-bill-ackman-bernie-sanders-trump-wasnt-on-the-ballot-says-president">to his absence</a> from the ballot and the impact of a prolonged federal shutdown.



While Mamdani&#8217;s win was historic, there could be challenges waiting for him. New York Gov. Kathy Hochul has opposed Mamdani&#8217;s idea of taxing the rich. She reiterated her stance in late October at Fox News's  <a href="https://www.youtube.com/watch?v=1bUkB-558O0" target="_blank" rel="noreferrer noopener">"Raging Moderates</a>" podcast, saying, "I also have to balance governing this state and making sure that those people who are actually the reason we have a generous, supportive budget that helps lift people up, it's their revenues that we tax."



Meanwhile, Spanberger and Sherrill minimized their emphasis on progressive causes such as LGBTQ rights and opposition to Trump's efforts to undermine American institutions. Spanberger seldom mentioned Trump during her campaign and chose not to participate in any of the <a href="https://www.benzinga.com/news/politics/25/10/48292902/donald-trump-faces-no-kings-day-protests-as-millions-march-nationwide-gop-stays-silent-amid-authoritarianism-claims">"No Kings" demonstrations</a> against him.



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Image via Shutterstock



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Politics

Zohran Mamdani Tells Trump 'To Turn The Volume Up' As Spanberger, Sherrill Promise 'Pragmatism' And 'Prosperity' In Victory Speeches

US Transportation Secretary Sean Duffy has slammed the Democratic Party amid the government shutdown, highlighting delays and hinting at airspace closure. The shutdown has entered its 35th day <a href="https://www.benzinga.com/news/politics/25/10/47961129/us-government-shuts-down-as-trumps-last-ditch-effort-fails-from-jobs-to-travel-and-more-heres-the-potential-impact">since kicking into effect</a> on October 1.



<h2 class="wp-block-heading">May Be Forced To Close Airspace, Says Duffy</h2>



Duffy on Tuesday warned that the government might be forced to close parts of the national airspace amid the shutdown, according to a Reuters report.



&#8220;You will see mass flight delays. You&#8217;ll see mass cancellations, and you may see us close certain parts of the airspace, because we just cannot manage it,&#8221; Duffy said at a press conference, as per the report.



<h2 class="wp-block-heading">46% Delays Due To Shutdown, Says Duffy</h2>



Duffy pointed out that over 46% of the delays on November 3rd were due to staffing shortages, in a post on the social media platform X on Tuesday, sharing a video of the White House Press Secretary Karoline Leavitt slamming the Democrats ahead of the Thanksgiving holiday season.



&#8220;It is only going to get worse the longer the shutdown goes and the holiday travel season approaches,&#8221; Duffy said, urging Democrats to &#8220;END THE SHUTDOWN and pay our controllers.&#8221;



It&#8217;s worth noting that official FAA data shows that there were about 11,000 Certified Professional Controllers in the U.S. employed by the agency, who face paycheck issues amid the shutdown. 80% of the staff in New York City were absent, according to the FAA, last week. 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yesterday 46% of flight delays were due to staffing issues in air traffic control towers.   This is UNACCEPTABLE! <a href="https://twitter.com/PressSec?ref_src=twsrc%5Etfw">@PressSec</a> is right: It is only going to get worse the longer the shutdown goes and the holiday travel season approaches. Democrats need to END THE SHUTDOWN and pay… <a href="https://t.co/o57XGSOAqr">pic.twitter.com/o57XGSOAqr</a>&mdash; Secretary Sean Duffy (@SecDuffy) <a href="https://twitter.com/SecDuffy/status/1985806308998537404?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading"></h2>



<h2 class="wp-block-heading">‘Schumer-Jefferies Shutdown'</h2>



Duffy also criticized the Democrats for affecting recruitment. "The damage from the Schumer-Jeffries shutdown is REAL and will be LONG-TERM," Duffy said. He added that the DoT was on the lookout for the "best and the brightest air traffic controllers," citing President Donald Trump's comments.



However, Duffy outlined that the ongoing shutdown has affected "the pipeline" of recruits, saying that paycheck uncertainties have affected potential candidates to reconsider becoming ATCs. "The consequences don't lift when the government re-opens," Duffy said.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The damage from the Schumer-Jeffries shutdown is REAL and will be LONG-TERM. <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> and I are bringing in the BEST and BRIGHTEST air traffic controllers. But the Democrats' shutdown is chilling our recruitment as potential controllers consider the possibility that they won't… <a href="https://t.co/4sbJlMdSp7">pic.twitter.com/4sbJlMdSp7</a>&mdash; Secretary Sean Duffy (@SecDuffy) <a href="https://twitter.com/SecDuffy/status/1985786618964283786?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">Republicans Have Gone Too Far, Says Hakeem Jeffries</h2>



Meanwhile, in an address to the media, House Minority Leader Hakeem Jeffries slammed the Republicans and Trump over the shutdown. "There's nothing to be optimistic about… Donald Trump shut the government down, forcing hundreds of thousands of people to be out on furlough or to work without pay," Jeffries said. He added that the results of the elections would "decisively reflect" that the Republicans have "gone way too far."



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/dTZERcjLn1">https://t.co/dTZERcjLn1</a>&mdash; Hakeem Jeffries (@RepJeffries) <a href="https://twitter.com/RepJeffries/status/1985755754540708251?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



It's worth noting that Democratic Mayoral candidate Zohran Mamdani <a href="https://www.benzinga.com/news/politics/25/11/48643743/zohran-mamdani-wins-nyc-mayor-race-abigail-spanberger-becomes-virginias-first-female-governor-in-historic-democratic-win">won the NYC Mayoral Race</a>, beating former New York State Governor Andrew Cuomo. Abigail Spanberger (D-Va.) also claimed victory and became Virginia&#8217;s first female governor.



<h2 class="wp-block-heading">NYC Officials Warn Of Delays, Sean Duffy Says ATCs Working Gig Economy Jobs</h2>



The news comes as officials in NYC <a href="https://www.benzinga.com/news/travel/25/11/48582775/as-government-shutdown-enters-33rd-day-nyc-officials-warn-of-potential-delays-ground-stoppage-at-newark-airport">warned of delays and cancellations</a> amid staff shortages at Newark Airport. Officials also warned that delays at Newark would also potentially affect operations at JFK, as well as LaGuardia airports in the city.



Meanwhile, Duffy claimed that ATCs working without paychecks were resorting to driving for DoorDash Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/DASH">DASH</a>) and Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/UBER">UBER</a>) to <a href="https://www.benzinga.com/news/travel/25/10/48295748/sean-duffy-says-air-traffic-controllers-working-without-pay-doing-gigs-to-put-food-on-the-table-as-staffing-shortages-hit-major-airports">"put food on the table."</a>



Robert Isom, CEO of American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AAL">AAL</a>), on the other hand, said that the company is in <a href="https://www.benzinga.com/news/politics/25/10/48400651/american-airlines-ceo-in-constant-contact-with-sean-duffy-amid-shutdown-hopeful-that-government-will-reopen-soon">constant contact with Duffy</a>, working to find solutions amid delays and staff shortages, urging lawmakers to reopen the government.



Elsewhere, Jeffries and Senate Majority Leader Chuck Schumer criticized Trump's <a href="https://www.benzinga.com/news/politics/25/11/48577698/hakeem-jeffries-chuck-schumer-blast-trumps-white-house-bathroom-makeover-millions-of-americans-will-face-quadruple-health-insurance-premiums">decision to renovate the White House bathroom</a>, with Jeffries saying that millions of Americans would face "double, triple, or even quadruple health insurance premiums as a result of the Republican shutdown."



Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link</a>.



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Photo courtesy: Joshua Sukoff / Shutterstock.com

SPACE

DASH

UBER

Sean Duffy Warns US May Be Forced To Close Some Airspace If Government Shutdown Continues: 'It's Only Going To Get Worse'

Editor's Note: Updates have been made to include recent developments. On Tuesday, Wall Street futures edged lower as Abigail Spanberger (D-Va.) made history in Virginia, defeating Republican Lt. Gov. Winsome Earle-Sears to become the state's first female governor in a closely watched race that flipped control of the governor's mansion. In New York, Democratic contender Zohran Mamdani won against former Gov. Andrew Cuomo.



<h2 class="wp-block-heading">Spanberger's Win Marks Major Shift in Virginia Politics</h2>



Former congresswoman Spanberger secured a decisive victory over Winsome Earle-Sears, earning 56.1% of the vote compared to her Republican opponent's 43.7%, <a href="https://apnews.com/live/2025-election-updates-news">according</a> to the Associated Press.



The win represents a significant Democratic comeback in the commonwealth, where local issues are intertwined with the national political climate.



President Donald Trump's influence over the Republican Party may have hindered Earle-Sears' chances, the report said.



See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/10/48549464/jim-cramer-says-apple-bears-owe-us-an-explanation-after-q4-report-dan-ives-calls-earnings-pound-the-table-moment-for-the-stock" target="_blank" rel="noreferrer noopener">Jim Cramer Says Apple Bears ‘Owe Us An Explanation' After Q4 Report, Dan Ives Calls Earnings ‘Pound-The-Table Moment' For The Stock</a>



<h2 class="wp-block-heading">Markets Dip As Investors React To Political Uncertainty</h2>



U.S. stock futures were trading lower at the time of writing, with Dow futures slipping 94 points, or 0.2%, to 47,114. S&amp;P 500 futures fell 0.7% to 6,775.50, while Nasdaq futures dropped 1.07% to 25,301.50.



The drop also comes amid <a href="https://www.benzinga.com/markets/equities/25/11/48614075/stock-market-today-sp-500-dow-jones-nasdaq-futures-plunge-as-uber-misses-q3-estimates-advanced-micro-devices-palantir-dennys-in-focus">growing talk of a potential AI bubble</a>, intensified by "Big Short" investor Michael Burry's purchase of more than $1 billion in put options on Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NVDA">NVDA</a>) and Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PLTR">PLTR</a>).



<h2 class="wp-block-heading">Mikie Sherrill Wins New Jersey's Gubernatorial Race</h2>



In New Jersey's 2025 gubernatorial race, Democratic Rep. Mikie Sherrill emerged victorious, according to the Associated Press, with 63% of votes counted.



Sherrill secured 57.0% of the vote, defeating Republican Jack Ciattarelli, who received 42.5%.



<h2 class="wp-block-heading">Mamdani Set To Become New York Mayor</h2>



The highly anticipated New York City mayoral race wrapped up tonight, featuring Democratic nominee Mamdani, former Gov. Cuomo running as an independent, and Republican Curtis Sliwa.&nbsp;Mamdani has won the race, according to the Associated Press. The democrat socialist will become New York&#8217;s first Muslim mayor and first person of South African heritage to hold the post, according to the report. He is also reportedly set to become the youngest Mayor of New York in more than a 100 years. Notably, the contest attracted a large turnout with nearly 2 million New Yorkers exercising their right to vote.



President Donald Trump has endorsed Cuomo in the mayoral race.



<h2 class="wp-block-heading">Abbott's Tariff Remark On New Yorkers Moving To Texas Draws Backlash</h2>



Gov. Greg Abbott (R-Texas) sparked controversy late Tuesday after posting on X, formerly Twitter, that he would "impose a 100% tariff on anyone moving to Texas from NYC" once polls closed. 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">After the polls close tomorrow night, I will impose a 100% tariff on anyone moving to Texas from NYC.&mdash; Greg Abbott (@GregAbbott_TX) <a href="https://twitter.com/GregAbbott_TX/status/1985417851037991321?ref_src=twsrc%5Etfw">November 3, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



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<li><a href="https://www.benzinga.com/markets/equities/25/11/48585829/palantirs-cto-shyam-sankar-warns-us-might-no-longer-frighten-its-adversaries-weve-lost-deterrence-as-a-nation" target="_blank" rel="noreferrer noopener">Palantir&#8217;s CTO Shyam Sankar Warns US Might No Longer Frighten Its Adversaries: ‘We&#8217;ve Lost Deterrence As A Nation&#8217;</a></li>
</ul>



Photo Courtesy: Lev Radin on Shutterstock.com



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Zohran Mamdani Wins NYC Mayor Race, Abigail Spanberger Becomes Virginia's First Female Governor In Historic Democratic Win (UPDATED)

A&nbsp;United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/UPS">UPS</a>)&nbsp;cargo plane has reportedly crashed shortly after departing from Louisville, Ky., as confirmed by the Federal Aviation Administration. The incident took place&nbsp;after 5 p.m. local time&nbsp;on Tuesday.



<h2 class="wp-block-heading">Shelter-In-Place Order Issued</h2>



The aircraft, identified as UPS Flight 2976,&nbsp;was headed to Daniel K.&nbsp;Inouye International Airport in Honolulu, <a href="https://edition.cnn.com/2025/11/04/us/ups-plane-crash-louisville-airport">reported</a> CNN. The&nbsp;National Transportation Safety Board&nbsp;will lead the investigation, with assistance from the FAA. The&nbsp;Louisville Metro Police Department&nbsp;reported injuries and noted a large smoke plume near the&nbsp;Louisville Muhammad Ali International Airport.



Three crew members were on board,&nbsp;according to a statement from&nbsp;UPS, which has not confirmed any injuries or fatalities. The Louisville airport, a global hub for UPS, processes over two million packages daily at its Worldport facility. 



LMPD said on X that the accident site was an &#8220;active scene&#8221; and advised members of the public to stay away from fire and debris.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is an active scene with fire and debris. Stay away.&mdash; LMPD (@LMPD) <a href="https://twitter.com/LMPD/status/1985837646124380525?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



A shelter-in-place order has been issued for areas within a five-mile radius of the airport. Videos seen on social media show a huge fire in the affected area.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Injuries have been reported after a UPS plane heading to Honolulu, Hawaii, crashed near the Louisville International Airport on Tuesday, according to police. The Louisville Metro Police Department described the scene as active with "fire and debris," warning residents to stay… <a href="https://t.co/oYz9JeTdGM">pic.twitter.com/oYz9JeTdGM</a>&mdash; CBS News (@CBSNews) <a href="https://twitter.com/CBSNews/status/1985852116166951314?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">McDonnell Douglas MD-11F Popular As Freighters</h2>



The McDonnell Douglas MD-11F involved in the crash was manufactured in 1991. Initially, a passenger aircraft, many of these planes were converted to freighters due to rising fuel costs. The plane is capable of carrying over 38,000 gallons of fuel and has a maximum takeoff weight of 633,000 pounds. Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BA">BA</a>) took over McDonnell Douglas in August 1997.



<h2 class="wp-block-heading">Other Significant Incidents In 2025</h2>



The crash of the UPS cargo plane is the latest in a series of aviation incidents this year. On Oct. 19, 2025, a Boeing cargo plane operated by Emirates <a href="https://www.benzinga.com/news/travel/25/10/48294979/boeing-cargo-plane-veers-off-runway-at-hong-kong-airport-claims-two-lives">veered off the runway</a> at Hong Kong International Airport, resulting in two fatalities.



Just a day earlier, on Oct. 18, 2025, two <a href="https://www.benzinga.com/news/travel/25/10/48291559/united-airlines-plane-hits-parked-jet-at-ohare-all-passengers-safe">United Airlines</a> jets collided at Chicago O&#8217;Hare International Airport, though no injuries were reported.



Earlier in the year, on June 12, a Boeing Dreamliner <a href="https://www.benzinga.com/markets/equities/25/06/45899174/boeing-dreamliner-carrying-over-200-passengers-crashes-shortly-after-takeoff-near-indias-ahmedabad-ba-stock-falls-over-5-in-thursday-pre-market">crashed shortly</a> after takeoff near India&#8217;s Ahmedabad airport, impacting Boeing&#8217;s stock significantly. The flight en route to London had 242 passengers on board.



Price Action: UPS stock fell 1.6% to $91.75 in the after-hours trading. The shares closed 0.9% lower at $93.25 in regular trading on Tuesday. Boeing shares ended the day almost 3.2% lower at $198.05, according to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent110425&amp;t=be2bearmibe3na1">data from Benzinga Pro.</a>



Benzinga's Edge Stock Rankings indicate UPS stock has Quality in the 46th percentile. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Here is how UPS ranks</a> on other parameters.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="337" height="105" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04192630/Screenshot-2025-11-05-at-9.26.10.png" alt="" class="wp-image-1147986" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04192630/Screenshot-2025-11-05-at-9.26.10.png 337w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04192630/Screenshot-2025-11-05-at-9.26.10-300x93.png 300w" sizes="(max-width: 337px) 100vw, 337px" /></a></figure>



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<li><a href="https://benzinga.com/trading-ideas/movers/25/11/48631975/bill-ackmans-hertz-stake-is-starting-to-look-like-his-next-chipotle-moment" target="_blank" rel="noreferrer noopener">Bill Ackman&#8217;s Hertz Stake Is Starting To Look Like His Next Chipotle Moment</a></li>
</ul>



Photo Courtesy: Your Hand Please on Shutterstock.com



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Tech

UPS Cargo Plane Crashes Near Louisville Airport, Shelter-In-Place Order Issued Amid Fire And Debris

Leading cryptocurrencies sank deeper into misery on Tuesday, while stocks also closed down.



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 8:25 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>-7.06%</td><td>$99,477.87</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-12.48%</td><td>$3,183.64</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-8.72%</td><td>$2.13</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-9.94%</td><td>$150.48</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-6.65%</td><td>$0.1579</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">Crypto Liquidations Top $2 Billion</h2>



Bitcoin crashed below $100,000 for the first time since early May, a sharp U-turn from its all-time highs only a month ago. The apex cryptocurrency&#8217;s trading volume surged 47% in the last 24 hours to a whopping $111 billion.



Bitcoin&#8217;s drop caused tremors across the market, with Ethereum plummeting over 12% and nearly sinking below $3,000. XRP and Dogecoin fell 8.72% and 6.65%, respectively.



A liquidation tsunami swept across the market, wiping off more than $2 billion in the last 24 hours. Long liquidations accounted for $1.70 billion.



Bitcoin's open interest plummeted 6% in the last 24 hours, while funds locked in Ethereum derivatives dropped by over 18%.



Interestingly, over 72% of Binance traders with open BTC positions were betting on the asset&#8217;s bullish recovery.



Top Gainers (24 Hours)&nbsp;



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency (Market Cap&gt;$100 M)</th><th>Gains +/-</th><th>Price (Recorded at 8:25 p.m. ET)</th></tr></thead><tbody><tr><td>Momentum (MMT )&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+319.89%</td><td>$2.06</td></tr><tr><td>DeAgentAI (AIA)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+127.06%</td><td>$2.69</td></tr><tr><td>Giggle Fund (GIGGLE )&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+67.12%</td><td>$100.88 </td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.31 trillion, collapsing by 6.52% in the last 24 hours.



<h2 class="wp-block-heading">Stocks Pressured By Palantir&#8217;s Decline</h2>



Stocks declined on Tuesday. The Dow Jones Industrial Average slipped 251.44 points, or 0.53%, to end at 47,085.24. The S&amp;P 500 fell 1.17% to close at 6,771.55, while the tech-focused Nasdaq Composite closed down 2.04% at 23,348.64.



The downsides came as Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PLTR">PLTR</a>) shares <a href="https://www.benzinga.com/markets/equities/25/11/48629095/whats-going-on-with-palantir-technologies-stock-today-11">tumbled nearly 8% </a>despite the company's strong quarterly results.



Meanwhile, spot gold traded up 0.26% to $3,942.97, while the <a href="https://www.benzinga.com/topic/dollar-index#:~:text=The%20U.S.%20dollar%20commenced%20the,COVID%2D19%20cases%20in%20China.&amp;text=Dollar%20Index%20Up%2018%25%20In%202022.">U.S. dollar index </a>rose to a three-month high.



<h2 class="wp-block-heading">Analyst Expects BTC To Trade In This Range In Near Term</h2>



Lacie Zhang, Research Analyst at Bitget Wallet, said in a note to Benzinga that Bitcoin could trade within a $94,000–$118,000 range in the near term



"The lower bound represents a healthy retracement zone consistent with subdued ETF inflows, while the upper range reflects a measured recovery below the October high near $125,000," Zhang added.



The analyst projected Ethereum to fluctuate between $3,000 and $4,400.



On-chain analytics firm Santiment noticed a sharp increase in bearish social media commentary on Bitcoin and Ethereum, which has historically preceded market bottoms and relief rallies.



"Bitcoin&#8217;s drop to $98,900 and Ethereum&#8217;s to $3,090&nbsp; may have your timeline showing fellow traders left in shambles. But social data indicates there are still many buying dips with confidence," Santiment said.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f631; Bitcoin&#39;s drop to $98.9K and Ethereum&#39;s to $3.09K may have your timeline showing fellow traders left in shambles. But social data indicates there are still many buying dips with confidence. We look at <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>, <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>, &amp; <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> sentiment after the bloodbath. &#x1f447;<a href="https://t.co/smG1LYyI77">https://t.co/smG1LYyI77</a> <a href="https://t.co/SdEusnzXUv">pic.twitter.com/SdEusnzXUv</a>&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1985875807923761280?ref_src=twsrc%5Etfw">November 5, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo Courtesy: vinnstock on Shutterstock.com



Read Next:&nbsp;&nbsp;&nbsp;&nbsp;



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<li><a href="https://www.benzinga.com/etfs/new-etfs/25/11/48641944/hedera-gets-its-first-etf-canarys-hbar-fund-lets-investors-tap-into-the-tokenization-boom">Hedera Gets Its First ETF: Canary&#8217;s HBAR Fund Lets Investors Tap Into The Tokenization Boom</a></li>
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Cryptocurrency

$DOGE

$ETH

$SOL

$XRP

Bitcoin Drowns Below $100,000; Ethereum, XRP, Dogecoin Also Fall: Analytics Firm Says Many Still 'Buying Dips With Confidence'

Bitcoin tapped the $100,000 level on Tuesday, triggering over $1 billion in liquidations amid continued ETF outflows. 



Major altcoins including Ethereum, XRP, and Dogecoin have plunged around 10%, while the Crypto Fear and Greed Index has dropped to 27, signaling growing market fear.  



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$101,137.01</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$3,297.69</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$155.65</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.19</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.1589</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.058815</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>Coinglass data shows 335,064 traders were liquidated in the past 24 hours for $1.27 billion.        </li>



<li>In the past 24 hours, top gainers include Decred, Internet Computer and Dash.</li>
</ul>



Notable Developments:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48626786/ripple-expands-institutional-footprint-as-xrp-drops-below-2-30">Ripple Expands Institutional Footprint As XRP Drops Below $2.30</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48620626/donald-trump-says-china-is-getting-big-into-crypto-right-now-but-is-that-true">Donald Trump Says China &#8216;Is Getting Big Into Crypto Right Now&#8217;—But Is That True?</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48630583/mstr-drops-below-250-as-strategy-announces-new-bitcoin-linked-stock-offering">MSTR Drops Below $250 As Strategy Announces New Bitcoin-Linked Stock Offering</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48613531/amazon-google-deals-boosted-cipher-minings-credibility-says-ceo-but-admits-bias-linked-to-bitcoin-mining-background">Amazon, Google Deals Boosted Cipher Mining&#8217;s Credibility, Says CEO, But Admits &#8216;Bias&#8217; Linked To Bitcoin Mining Background</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48617413/bitcoins-downtrend-explained-by-wall-street-vet-its-an-ipo-style-distribution">Bitcoin&#8217;s Downtrend Explained By Wall Street Vet: It&#8217;s An &#8216;IPO-Style Distribution&#8217;</a></li>
</ul>



Trader Notes: IncomeSharks <a href="https://x.com/IncomeSharks/status/1985747047790809589">noted</a> that Bitcoin is holding above $100,000 despite widespread panic, viewing this level as a key support zone that could spark a rebound or "spring" to higher prices.



Crypto chart analyst Ali Martinez echoed this sentiment, suggesting Bitcoin could bounce toward $106,500 or even $112,000 as momentum builds.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitcoin <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> could rebound here to at least $106,500 or $112,000. <a href="https://t.co/BaWBJ7VCTx">pic.twitter.com/BaWBJ7VCTx</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1985760737424269366?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Castillo Trading <a href="https://x.com/CastilloTrading/status/1985761652852330498">described</a> the current setup as a "do or die" moment for Bitcoin after clearing all nPOC zones from May to October, potentially paving the way for a more sustainable upward move.



Michael van de Poppe <a href="https://x.com/CryptoMichNL/status/1985765737663996352">highlighted</a> that Bitcoin's liquidity from the Oct. 10 crash could serve as a crucial point for a bounce or bottom formation, emphasizing that $112,000 remains the level to reclaim for any attempt at new all-time highs. He called this as a &#8220;disastrous start of the month.&#8221;



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$SHIB

Bitcoin Plunges To $100,000 As $1 Billion In Liquidations Hit XRP, ETH, Dogecoin

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