--- title: "Overnight news on November 11: U.S. stocks closed higher, XPeng surged, Apple will delay the next generation iPhone Air, Pfizer wins the Metsera bidding war" type: "News" locale: "en" url: "https://longbridge.com/en/news/265225128.md" description: "On November 11th, U.S. stocks closed higher, led by technology stocks. XPeng surged 16.24%, while Nio fell 2.41%. Oil prices rose slightly, and spot gold increased by over 2.8%. Trump supports an agreement to end the government shutdown and stated he would lower tariffs on India. Apple will delay the release of the next-generation iPhone Air, with its stock price hitting an intraday low. Pfizer won the bidding war for Metsera, while Novo Nordisk withdrew" datetime: "2025-11-10T22:35:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/265225128.md) - [en](https://longbridge.com/en/news/265225128.md) - [zh-HK](https://longbridge.com/zh-HK/news/265225128.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/265225128.md) | [繁體中文](https://longbridge.com/zh-HK/news/265225128.md) # Overnight news on November 11: U.S. stocks closed higher, XPeng surged, Apple will delay the next generation iPhone Air, Pfizer wins the Metsera bidding war For more global financial news, please visit 7×24 hours real-time financial news. **Market** Closing on November 11: U.S. stocks closed higher, led by technology stocks, as the U.S. government is expected to end the shutdown. Top 20 U.S. stock transactions on November 11: SanDisk surged 11.9%, reaching an all-time high, with a year-to-date increase of over 400%. On November 11, most popular Chinese concept stocks rose, with XPeng up 16.24% and Nio down 2.41%. Oil prices rose slightly on Monday as the market anticipates the end of the U.S. government shutdown. Spot gold rose over 2.8%, returning above $4,100. European stock markets surged as the deadlock over the U.S. government shutdown is expected to be resolved. **Macro** Trump supports Senate agreement to end government shutdown. Trump claims to be close to a trade agreement with India, which will lower tariffs at some point. Trump stated he would reduce tariffs on India but did not disclose a specific timeline. Trump expressed that he would adhere to the spending agreement to reverse government layoffs. Switzerland is close to reaching an agreement with the U.S., with export tax rates expected to drop to 15%. **U.S. airlines cancel over 1,600 flights** as the effects of the government shutdown become more apparent. U.S. Senate Majority Leader: Uncertain if a vote on the temporary funding bill can be held on Monday. Trump warns air traffic controllers: either come to work or "face pay cuts." **Company** **Warren Buffett** will increase donations to his children's foundations to support his successors. Wells Fargo: **Tesla's October sales have significantly declined across the board.** BlackRock's loan valuation goes to zero, highlighting a major weakness in the private credit market. Apple will delay the release of the next-generation iPhone Air, with stock prices hitting an intraday low. Visa and Mastercard reach an agreement to lower merchant fees. **Pfizer secures obesity drug "spoils,"** with assistance from the Trump administration. **Pfizer wins the Metsera bidding war** as Novo Nordisk withdraws. BBC admits to editing errors in a documentary, and Trump threatens legal action. **Commentary** The U.S. government shutdown may last several more days, and it is uncertain whether the House can pass the bill. JP Morgan Private Bank predicts **gold prices** will exceed $5,000 by the end of 2026. The U.S. Congressional Budget Office estimates the October budget deficit at $219 billion. Federal Reserve Governor Milan stated he would advocate for a 50 basis point rate cut in December. Private sector data: U.S. consumer goods prices rose at a slower pace in October for the first time in three months. U.S. Senate Majority Leader: Hopes to reach an agreement on healthcare bill subsidies as soon as possible. U.S. Senate Majority Leader: Hopes to hold a vote on the temporary funding bill within hours Commodity Overview: **Oil prices rise, gold prices surge, and base metals generally increase** New York Foreign Exchange Market: The US dollar index fluctuates lower as the US government shutdown may be nearing its end US Bond Market: Short-term yields continue to decline despite strong performance in the 3-year bond auction Crude Oil: Oil prices rise slightly as improved risk appetite outweighs concerns over supply surplus European Bond Market: The yield increase on UK short-term government bonds narrows as attention turns to the Chancellor's statements and employment data ### Related Stocks - [XPeng Inc. (XPEV.US)](https://longbridge.com/en/quote/XPEV.US.md) - [XPENG-W (09868.HK)](https://longbridge.com/en/quote/09868.HK.md) - [Pfizer Inc. (PFE.US)](https://longbridge.com/en/quote/PFE.US.md) - [Apple Inc. 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