Here's your morning brief for Wednesday, November 5th. I'm Caitlin McCabe for The Wall Street Journal.

Democrats have a lot to celebrate this morning after sweeping victories in a series of crucial elections.

Most prominently, 34-year-old Democratic socialist Zoran Mamdani cruised a victory to become New York City's 111th mayor.

Democrats also secured key victories in the New Jersey and Virginia governor's races.

And in California, voters overwhelmingly approved a ballot measure to temporarily redraw the state's congressional maps,

putting Democrats in a position to potentially flip five seats in next year's midterms, countering Republican efforts

in other states. President Trump has invited all Republican senators to the White House this

morning to discuss the continuing government shutdown as it enters its 36th day, the longest in U.S. history.

The meeting comes as Trump has been ramping up pressure on GOP lawmakers to remove the filibuster

as a way of bypassing Democrats to end the shutdown.

And as earnings season continues, weight-loss drug giant Novo Nordisk has lowered its full-year

profit forecast as intensifying competition, pricing pressure, and copycat versions of its

blockbuster OZemPEC and Wagovi drugs hold back sales.

Markets in Asia ended the day lower, with European shares broadly higher in midday trading.

U.S. stock futures are looking for direction ahead

of the ADP employment report due out at 8.15 a.m. Eastern. And we 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.