Global news you need to know before Monday's U.S. stock market opens

White House economic advisor Hassett: The labor market may be extremely calm for a while, and it's time for the Federal Reserve to truly be "data-driven." Concerns over fiscal expansion triggered a sharp sell-off in Japanese long-term bonds, with the 20-year yield soaring to its highest level since 1999. Google's pre-market shares rose over 5% at one point, as Berkshire Hathaway bought 17.85 million shares of Google's parent company Alphabet in the third quarter. Alibaba officially announced the "Thousand Questions" project, fully entering the AI to C market. SMIC responded to the Q4 guidance, stating there is no significant leap: high memory prices have led customers to adopt a wait-and-see approach, and the high-price situation is expected to continue. Novo Nordisk: Launching a weight loss drug priced lower than Eli Lilly's. Luckin Coffee's Q3 net revenue grew by 50% year-on-year, while net profit attributable to ordinary shareholders decreased by 2.7%, with the average monthly active customers surpassing 100 million for the first time. Geely Auto's Q3 profit increased by 59%, while ZEEKR's delivery volume grew by 13% year-on-year. XPeng's Q3 revenue doubled, with net losses significantly narrowing by nearly 80%, and Q4 deliveries and revenue are expected to increase by over 30% year-on-year. Morgan Stanley stated that the target price for the U.S. stock market by the end of 2026 is 7,800 points. ECB officials warn: The systemic risks of stablecoins cannot be ignored, especially in the event of a run or a forced shift in interest rate policy. Nikkei 225 closed down 0.1%, Shanghai Composite Index closed down 0.46%; Hang Seng Index closed down 0.71