Cloudflare (NET) shares jumped 11.7% after the company reported third‑quarter revenue that beat expectations.

Buoyed by midterm gains and citing voter concern over high living costs and inflation, several Democratic lawmakers said they will push to repeal what they called unreasonable Trump-era tariffs. Massachusetts Representative Richard Neal said he is committed to reversing Trump administration tariffs and behind-the-scenes trade deals. Oregon Senator Ron Wyden said he will pursue legislation, once he becomes Senate Finance Committee chair in January, targeting tariffs tied to a potential second Trump term. New York Representative Hakeem Jeffries, expected to be House speaker next year, said tariffs and the prospect of war with Iran are among GOP policies that have raised living costs and pledged to act to lower them.

USD/CHF rose 0.5% intraday to 0.8205.