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Today is Monday, October 27, 2025.

The Early Bird Index today is 87.46.

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Ethereum Nears Fusaka Upgrade

The price of Ethereum $ETH.X ( ▲ 5.66% ) jumped about 6% on Sunday, performing better than most cryptocurrencies that day.

Details: Ethereum’s price is up mainly due to renewed accumulation by large holders and growing institutional interest, coupled with anticipation around the upcoming Fusaka network upgrade.

Definition: Scheduled for December, the Fusaka network upgrade is said to increase scalability and efficiency on Ethereum’s blockchain.

Early Bird’s Nest Egg Gains: For investors, the Fusaka upgrade is poised to deliver greater network adoption, cheaper transactions, and stronger long-term stability. These are factors that historically lead to higher asset value and broader market support.

Final Thoughts: Ethereum’s price is up about 3% in the last 30 days.

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Notables

Notable Earnings Today: NXP Semiconductor (Nasdaq: NXPI), Keurig Dr Pepper (Nasdaq: KDP), Avis Budget (CAR), Whirlpool (NYSE: WHR), F5 Networks (Nasdaq: FFIV), Waste Management (NYSE: WM), Bed Bath & Beyond (NYSE: BBBY), Celestica (NYSE: CLS), Carter's (NYSE: CRI), Rambus (Nasdaq: RMBS), Welltower (NYSE: WELL), Confluent (Nasdaq: CFLT), Nucor (NYSE: NUE), Easterly Government Properties (NYSE: DEA), Bank of Hawaii (NYSE: BOH), Revvity (NYSE: RVTY), Amkor (Nasdaq: AMKR), Cadence Design (Nasdaq: CDNS), Crane (NYSE: CR), Agilysys (Nasdaq: AGYS), Alexandria RE (NYSE: ARE), Alliance Resource Partners (Nasdaq: ARLP), Ameris Bancorp (NYSE: ABCB), Arch Capital (Nasdaq: ACGL), Bank of Marin (Nasdaq: BMRC), BCB Bank (Nasdaq: BCBP), BioMarin Pharmaceutical (Nasdaq: BMRN), Brown & Brown (NYSE: BRO), Cincinnati Financial (Nasdaq: CINF), Custom Truck One Source (NYSE: CTOS), Daqo New Energy (NYSE: DQ), FTAI Aviation Ltd. (Nasdaq: FTAI), Hartford Financial (NYSE: HIG), Kilroy Realty (NYSE: KRC), Lakeland Financial (Nasdaq: LKFN), Leggett & Platt (NYSE: LEG), Noble Corporation (NYSE: NE), Northwest Bancshares (Nasdaq: NWBI), NOV Inc. (NYSE: NOV), Olin (NYSE: OLN) Piedmont Office Realty Trust (NYSE: PDM), Principal Financial (Nasdaq: PFG), Seacoast Banking (Nasdaq: SBCF), Simpson Manufacturing (NYSE: SSD) Universal Health (NYSE: UHS).

Notable IPOs Today: GigCapital8 Corp. Class A Ordinary Shares (Nasdaq: GIW), MapLight Therapeutics, Inc. Common Stock (Nasdaq: MPLT).

Notable Equity Crowdfunding Campaigns Ending Today: Azure Printed Homes (Wefunder), Naanwa (Honeycomb).

Notable Economic Events Today: New Home Sales (10:00 a.m. ET).

Novartis Buys Biotech Company

There was some consolidation in the pharmaceutical industry on Sunday as Novartis $NVS ( ▼ 0.97% ) acquired Avidity Biosciences $RNA ( ▲ 1.24% ) for $12 billion in cash.

Details: Investors of Avidity Biosciences will receive $72 per share, which is 46% higher than the price of the stock on Friday.

Final Thoughts: Shares of Novartis are up about 34% in 2025, while Avidity Biosciences was up 57%.

Boeing Strike Continues

Machinists who work at St. Louis-area facilities for Boeing $BA ( ▲ 1.64% ) rejected the latest contract offer from the company on Sunday, which means the months-long strike continues.

Final Thoughts: Despite the ongoing strike, Boeing’s stock is up 28% this year.

Trends to Watch

Potential Agreement: US and China say a trade deal is drawing closer as Trump and Xi ready for a high-stakes meeting (Associated Press)

No Data, Big Problems: The economy is in uncharted territory (Axios)

Mark Your Calendars: One of Wall Street's Largest Stock Splits in History Could Be Announced on October 29 (The Motley Fool)

The Ultralean Era: More Big Companies Bet They Can Still Grow Without Hiring (Wall Street Journal)

Big Week: Fed Rate Decision; UnitedHealth, Apple, Microsoft, Visa Earnings; and Many More Stocks to Watch This Week (Barron’s)

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_{The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.}