On the eve of the U.S. midterms, the dominant thread was a run of legal setbacks for the administration. The Supreme Court rejected a request to stop California from counting ballots the administration alleges were cast by non-citizens 1. The full Court denied the Solicitor General's roughly 20-page emergency application within about seven hours, without calling for a response 2. Separately, a federal judge dismissed the administration's suit for Harvard admissions records 3, and a federal judge in Alaska dismissed a preemptive administration lawsuit challenging Senate election results
. Politically, Republicans are privately resigned to losing the House, and the Iran war and the gas and diesel price spike it brought are a major liability for their Senate nominees 4. Prediction markets put Democratic Senate control at 75% 5, and Oversight Democrat Robert Garcia previewed day-one subpoenas of administration officials if Democrats win the House 6. That war escalated on the same day. U.S. officials said American forces struck Iran's Qeshm Island on Monday, even as Trump said he was in no rush to resume strikes 7. Officials also said smaller-scale attacks on Iranian targets have been under way for weeks 8. Oil rose on the report 9,10, though Brent was trending toward $106 and WTI below $100 on diplomacy hopes, with Qatari mediation reportedly progressing toward a draft agreement
. The war's costs are reaching consumers: Hopper puts the average domestic Thanksgiving fare at $402, up 31%, and attributes much of that rise to jet fuel prices tied to the war 11. In Ukraine, Russian strikes on an aid distribution centre in Komyshuvakha, Zaporizhzhia, killed at least 26 people 12, hours after the longest ceasefire ended 13. Envoy Steve Witkoff said the U.S. will mediate working-level Ukraine-Russia talks in Abu Dhabi on November 10–11 14, with Jared Kushner helping lead the U.S. delegation
; these are the first such talks since February 15. In China, the PBOC will raise the reserve ratio on foreign-exchange deposits by 2 points to 6% from November 15 16, and the offshore yuan headed for its first decline in almost three weeks 17. In corporate news, Apple forecast a holiday-quarter margin drop on rising memory costs 18 in its first report under Ternus 19. Palantir posted record 96% revenue growth to $2.3 billion, but its shares fell 3.6% after hours 20 as its outlook signalled a slowdown 21. Oracle is near a $10 billion share sale at an 11% discount 22, and OpenAI hired former Army Secretary Dan Driscoll as senior counselor for national security modernization 23. The batch's many insider filings were routine.
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