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Top stories today:
- Trump wins presidential elections, Republican sweep 90% likely
- Trump Media reports revenue still at a de minimis $1M in Q3, $19.2M loss
- Novo Nordiskās obesity drug Wegovy sees sales surge driven by U.S.
- NVIDIA surpasses Apple as worldās most valuable company
- Nintendo stock jumps as next-gen Switch console plans unveiled
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. Trump wins presidential elections, Republican sweep 90% likely
The House still has a 10% chance of being controlled by Democrats, according to Polymarket:
Control of Congress would mean power to pass more tax cuts and general fiscal policy.
The President already has foreign policy and tariff-related unilateral powers.
An abortion ban is highly unlikely, as it would require 60 votes in the Senate, and Trump already said he would veto such bill.
Trump claimed victory after Fox News projected his victory, hours before NYT and AP did.
Elon Musk celebrated the win on X.
Crypto was significantly up in response, with BTC and ETH +8% and SOL +15%
All values as of 6 AM ET / 3 AM PT.
The Ohio Senate race was won by blockchain entrepreneur Bernie Moreno.
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3. Trump Media reports revenue still at a de minimis $1M in Q3, $19.2M loss
Trump Mediaās stock was +30% to $44.20 in the premarket, as it increasingly acts as a meme stock:
