Rubio sees 'no need' to attack Iran as Tehran denies talks and Hormuz stays shut

A drone attack left part of Kryvyi Rih without power and disrupted water and heating overnight. Russia also hit Kharkiv with a double missile strike, and the mayor said the consequences were still being established. Ukrainian drones struck the Ust-Luga port zone in Leningrad Oblast, starting a fire and knocking out a transformer substation; the governor said 146 drones were downed over the region. Ukrenergo will run hourly outage schedules on Nov 11.

The first day of US-led talks between Ukraine and Russia in Abu Dhabi covered prisoners, security guarantees and the postwar future; they resume Wednesday. Washington called for a "new" European security framework, and Zelensky said he is "happy" with the changed US approach. A 1,000-for-1,000 or 1,500-for-1,500 prisoner swap is under discussion. Rubio says guarantees must also be acceptable to Russia, and Kushner called the talks constructive.

US consumer prices rose 0.4% in October, above forecasts, sending Treasury yields surging. Fed officials have opened the door to more aggressive rate increases, and traders are betting on a rise in December, with the odds of a half-point move jumping. Global bonds tumbled and the dollar held firm, though stocks remained resilient.

Republican Sen. Kevin Cramer, a senior member of the Banking Committee, urged Huang to step down as Nvidia CEO after revelations of his affair with Alice Huang, alleged to be a Chinese spy. Nvidia's board has opened an independent probe run by Wachtell Lipton, and shares fell over 6%. The Financial Times reports Commerce left her firm Megaspeed off the Entity List despite pressure from four agencies.

Anthropic is marketing 825 million shares at $70-78, seeking up to $64.4bn at a valuation of up to $1.4 trillion. After heavy demand, bankers are weighing a higher price that could lift the valuation to $1.5 trillion or more, the Financial Times reports. Its seven co-founders will sell $1.75bn of stock, and Nvidia plans to invest about $10bn. An Australian retail offer opened Wednesday.

Herzog gave Gadi Eisenkot the mandate to form a government within 45 days, and the new Knesset was sworn in. Eisenkot's bloc launched a legislative push against caretaker PM Netanyahu's legacy in a heated first session. Both men have called for a national government, and a vote to replace Speaker Ohana is set for next Tuesday. A Haaretz probe found 1,653 fake "Iranian" accounts backing Netanyahu before the election.