What you need to know about the overnight global news on Wednesday: the news on the eve of the Fed's interest rate resolution was cold,…

1. The US Senate failed to advance the landmark cryptocurrency bill.

2. US Treasury Secretary Bessent said that keeping the federal fiscal deficit below 3% of GDP is crucial to stabilizing the US Treasury yield curve.

3. US Energy Secretary Wright believes that the Saudi East-West pipeline will resume operation soon, and it is expected that the reopening of the pipeline will be completed in a few days.

4. According to the Congressional Budget Office, the first five months of the Iranian war cost the United States $38 billion.

5. It is reported that British Prime Minister Burnham will meet with Trump for the first time in New York next week.

6. Vance said that the Iranian war would enter a "very different phase" and agreed that the war would end after the midterm elections.

7. The three major indexes of US stocks collectively closed down, with the NAC index down 0.78% and the Dow index down 0.63%; the S&P500 index fell 0.45%, a new low since August. Cryptocurrency concept stocks tumbled, with Circle down more than 11% and Coinbase down more than 10%. Major European indexes closed mostly down, with the German DAX30 down 0.07%.

8. The settlement price of international crude oil futures has closed sharply. WTI crude futures were up 4.38% in October and Brent crude futures were up 2.9% in November. US diesel futures settled above $5.26 per gallon, a record high.

9. COMEX gold futures fell 0.43% to $4333.4/oz; COMEX silver futures rose 0.07% to $64.19/oz.

10. OpenAI is reportedly considering a $1.2 trillion valuation in its pre-IPO funding round.

11. Micron demonstrates the world's first 512GB DDR5 RDIMM memory module, which is expected to be in mass production in the second half of 2027.

12. Meta is reported to deploy a new generation of self-developed Arke chips in the first half of 2027, and launch the next generation of Astrid chips at the end of 2027.

13. Anthropic announced that it has launched the Salesforce plugin for Claude and is currently in the testing phase.

14. OpenAI said it is working with Anthropic and Google to promote AI security.

15, Gilead Science said that the growth of the HIV drug market is expected to return to normal levels of 2% to 3% in the next few quarters.