--- title: "Global news you need to know before Monday's U.S. stock market opens" type: "News" locale: "en" url: "https://longbridge.com/en/news/267200121.md" description: "Federal Reserve Governor Waller advocates for a rate cut in December, expressing concerns about the labor market. U.S. Secretary of Commerce Gina Raimondo urges the European Union to amend digital regulations to facilitate a steel and aluminum tariff agreement. The European Council approves the annual budget for 2026. Novo Nordisk's oral Ozempic fails to treat Alzheimer's disease, causing its stock price to plummet by 12%. Bitcoin ETFs experience a monthly outflow of $3.5 billion, marking the worst performance. Saudi Aramco considers raising billions through asset sales. JP Morgan raises its target price for Baidu, predicting a sixfold increase in Kunlun chip sales next year. BHP exits the Anglo American acquisition battle. JP Morgan forecasts Brent crude oil prices to fall to $30-40 by 2027. U.S. stock futures rise, European stocks increase, gold drops by 0.2%, and Bitcoin performs the worst" datetime: "2025-11-24T14:05:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/267200121.md) - [en](https://longbridge.com/en/news/267200121.md) - [zh-HK](https://longbridge.com/zh-HK/news/267200121.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/267200121.md) | [繁體中文](https://longbridge.com/zh-HK/news/267200121.md) # Global news you need to know before Monday's U.S. stock market opens Federal Reserve Governor Waller: I am concerned about the labor market and advocate for a rate cut in December. U.S. Secretary of Commerce Raimondo: The EU needs to amend digital regulations to facilitate a steel and aluminum tariff agreement. The European Council approved the EU's annual budget for 2026. The "weight loss miracle drug" cross-border dream shattered! Oral Ozempic's treatment for Alzheimer's has failed, causing Novo Nordisk to plummet 12%. The "crazy drop" in the cryptocurrency circle is filled with conspiracy theories: the U.S. government is "robbing money," Wall Street is "shorting," and even "JP Morgan is battling Trump." Bitcoin ETF faces a "darkest hour": a monthly outflow of $3.5 billion, marking the worst performance since its launch. According to Bloomberg, Saudi Aramco is considering raising billions of dollars through the largest asset sale to date. JP Morgan significantly raised its target price for Baidu: the market severely underestimates the speed of AI transformation, and Kunlun chips' sales may soar sixfold next year, driving cloud business growth by 61%. M&A ambitions thwarted: BHP rejected for the second time, officially withdrawing from the Anglo American acquisition battle. JP Morgan: Due to oversupply, Brent crude oil prices may fall to the $30-40 range by 2027. U.S. stock futures continue to rise, European stocks are up, gold is down 0.2%, Bitcoin has recorded its worst monthly performance in three years, and European natural gas prices have fallen below €30 for the first time since May 2024. Japanese stocks are closed, the Shanghai Composite Index rose 0.05%, and the Hang Seng Index rose 1.97% ### Related Stocks - [Novo Nordisk A/S (NVO.US)](https://longbridge.com/en/quote/NVO.US.md) - [Baidu, Inc. (BIDU.US)](https://longbridge.com/en/quote/BIDU.US.md) - [BIDU-SW (09888.HK)](https://longbridge.com/en/quote/09888.HK.md) - [JPMorgan Chase & Co. (JPM.US)](https://longbridge.com/en/quote/JPM.US.md) - [BHP Group Limited (BHP.US)](https://longbridge.com/en/quote/BHP.US.md) - [BTC/HKD (BTCHKD.VAHK)](https://longbridge.com/en/quote/BTCHKD.VAHK.md) - [BTC/USD (BTCUSD.VAHK)](https://longbridge.com/en/quote/BTCUSD.VAHK.md) ## Related News & Research - [BREAKINGVIEWS-Novo Nordisk is Denmark’s big little problem: podcast](https://longbridge.com/en/news/280570178.md) - [Novo Nordisk A/S Approves Board Changes](https://longbridge.com/en/news/280694583.md) - [Strategy Highlights Bitcoin Holdings and Litigation Resolution Update](https://longbridge.com/en/news/281029351.md) - [Novo Nordisk slashes Wegovy prices to court uninsured patients](https://longbridge.com/en/news/281206892.md) - [Novo Nordisk chair Rebien Sorensen at AGM: proposes Poul Weihrauch to join board as observer](https://longbridge.com/en/news/280652206.md)