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Here's your closing bell brief for Monday, October 27th.

I'm Catherine Sullivan for the Wall Street Journal.

US stocks hit new records today, driven by constructive trade talks between the U.S. and China.

The Dow, S&P 500, and NASDAQ reached all-time highs as officials touted a successful framework ahead of a leader's summit.

The optimism spread globally, with benchmarks in Japan, South Korea, and Taiwan also hitting records.

Elsewhere, U.S. listed shares of Argentine companies

jumped after President Muley's party won midterm elections. In commodities, soybean futures rallied

while gold prices dropped. Among individual companies, shares in Qualcomm received an 11% boost

after the company launched a new artificial intelligence chip.

Affidity biosciences surged 42% after Novartis agreed to acquire the biotech firm for $12 billion.

Kuregg Dr. Pepper shares jumped nearly 8% following better than forecast sales and a raised outlook.

Shares of rare earth producerproducer MP materials slid 7% on expectations that Beijing might defer export restrictions. And Carter's shares rose 2%

as the baby apparel company announced store closures and workforce cuts.

Heads up, an artificial intelligence tool helped us make this episode by creating summaries

that were based on WSJ reporting and then reviewed and adapted by an editor.

We'll have a lot more coverage of the day's news on the WSJ's What's News podcast.

You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

Boardrooms love buzzwords.

AI, climate, resilience.

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