Stories from Wednesday, November 4, 2026

• Treasuries rally as investors bet a Democratic Congress will limit spending

  Bond investors expect divided government to limit new spending and tax cuts. Some also expect AI regulation to slow growth, which would reduce the need for Fed hikes. Deficits and inflation could cap the rally.

  Macro · Nov 4, 2026, 10:45 AM EST · James Mitchell

• CVS Health plans to split into two companies, separating its pharmacies from Aetna

  CVS Health plans to separate its roughly 9,000 drugstores from Aetna and Caremark, the Wall Street Journal reported, with the split planned for the first half of 2028.

  Equities · Nov 4, 2026, 10:30 AM EST · Marcus Rodriguez

• Meta sells $15 billion of dollar bonds as its AI spending climbs

  Meta priced five series of dollar notes due 2031 to 2056, per its SEC term sheet. CNBC reported the full plan, including euros, targets $20 billion to $25 billion.

  Equities · Nov 4, 2026, 10:15 AM EST · Marcus Rodriguez

• Tesla and SpaceX slip as Democrats' Texas win clouds data center plans

  Democrat Gina Hinojosa, who supports a moratorium on AI data centers, unseated Gov. Greg Abbott in Texas, where Wells Fargo says 27% of planned US data center capacity is.

  Equities · Nov 4, 2026, 9:55 AM EST · Marcus Rodriguez

• Democrats win the House and Senate, and investors weigh what it means for AI and taxes

  Democrats won both chambers, setting up divided government in January. Stock futures dropped at first and then steadied as investors weighed tougher regulation, higher taxes and oversight of AI.

  Politics · Nov 4, 2026, 9:45 AM EST · James Mitchell

• Super Micro's quarterly sales rise to $19.9 billion from $5.0 billion

  The server maker's fiscal first-quarter sales were $19.9 billion, up from $5.0 billion a year earlier, and it forecast $72 billion to $82 billion for the full year.

  Equities · Nov 4, 2026, 6:10 AM EST · Marcus Rodriguez