{"id":73873,"date":"2026-10-30T08:08:23","date_gmt":"2026-10-30T12:08:23","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-signals-end-to-iran-war-as-abbvie-beats-q3-estimates\/73873\/"},"modified":"2026-10-30T08:08:23","modified_gmt":"2026-10-30T12:08:23","slug":"trump-signals-end-to-iran-war-as-abbvie-beats-q3-estimates","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-signals-end-to-iran-war-as-abbvie-beats-q3-estimates\/73873\/","title":{"rendered":"Trump Signals End to Iran War as AbbVie Beats Q3 Estimates"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>AbbVie (<a href=\"\/stock\/ABBV\">ABBV<\/a>)<\/strong> beat Q3 earnings expectations with an <strong>Adjusted EPS of $3.82<\/strong> (vs. $3.74 est.) and raised its <strong>FY 2026 guidance<\/strong> to a range of <strong>$13.95\u2013$13.99<\/strong>.<\/li>\n<li>President <strong>Donald Trump<\/strong> stated in a radio interview that the war with <strong>Iran<\/strong> is &quot;going to get wrapped up soon,&quot; emphasizing the need for a guarantee against nuclear weapons.<\/li>\n<li>Tensions in the <strong>Strait of Hormuz<\/strong> escalated as <strong>Iran&#39;s Navy<\/strong> claimed to destroy a <strong>U.S. unmanned vessel<\/strong>, though no official U.S. confirmation has been provided.<\/li>\n<li><strong>China&#39;s President Xi Jinping<\/strong> called for an equal dialogue with the <strong>EU<\/strong>, suggesting that differences can be resolved if both sides maintain their partnership positioning.<\/li>\n<li><strong>Skyrizi<\/strong> revenues surged to <strong>$5.78 billion<\/strong>, significantly offsetting the continued decline of <strong>Humira<\/strong>, which fell to <strong>$683 million<\/strong>.<\/li>\n<\/ul>\n<h2>Trump Signals Imminent Resolution to Iran Conflict<\/h2>\n<p>President <strong>Donald Trump<\/strong> intensified his rhetoric regarding the ongoing conflict with <strong>Iran<\/strong> on Friday, declaring in an interview with <strong>KCMO Radio<\/strong> that the war &quot;is going to get wrapped up soon.&quot; Speaking just days before the November 3 midterm elections, Trump reiterated his administration&#39;s hardline stance, stating that the U.S. requires a firm guarantee that Tehran will never possess a <strong>nuclear weapon<\/strong>.<\/p>\n<p>The President&#39;s comments follow a high-level briefing on Thursday where he was presented with potential <strong>military options<\/strong> for Iran. While Trump has previously indicated that no major strikes would occur before the elections, he noted that &quot;anything&#39;s possible&quot; and suggested that <strong>Iran<\/strong> must eventually &quot;make a deal&quot; as many of its leaders are now &quot;gone.&quot;<\/p>\n<h2>Maritime Tensions Rise in the Strait of Hormuz<\/h2>\n<p>The geopolitical situation remains volatile as <strong>Iranian state media<\/strong> reported that its navy destroyed a <strong>U.S. unmanned vessel<\/strong> in the eastern <strong>Strait of Hormuz<\/strong> on Friday. This claim follows reports of multiple tankers striking mines in the strategic waterway, which handles approximately 20% of global oil consumption.<\/p>\n<p>The <strong>U.S. military<\/strong> has not yet confirmed the destruction of the unmanned vessel. However, the <strong>Islamic Revolutionary Guard Corps (IRGC)<\/strong> has reportedly increased its presence in the region, enforcing what it calls &quot;unauthorized route&quot; restrictions and punishing tankers that bypass Iranian-monitored corridors.<\/p>\n<h2>AbbVie Delivers Strong Q3 Results and Raises Guidance<\/h2>\n<p>Pharmaceutical giant <strong>AbbVie (<a href=\"\/stock\/ABBV\">ABBV<\/a>)<\/strong> reported robust third-quarter 2026 financial results, driven by the explosive growth of its immunology portfolio. The company posted <strong>Net Revenues of $17.40 billion<\/strong>, slightly exceeding the $17.34 billion analyst estimate. The growth was spearheaded by <strong>Skyrizi<\/strong>, which brought in <strong>$5.78 billion<\/strong>, and <strong>Rinvoq<\/strong>, which contributed <strong>$2.71 billion<\/strong>.<\/p>\n<p>The success of these newer assets has effectively mitigated the erosion of <strong>Humira<\/strong>, which saw its revenue drop to <strong>$683 million<\/strong> as biosimilar competition continues to take market share. Based on the strong quarterly performance, <strong>AbbVie<\/strong> raised its full-year <strong>Adjusted EPS guidance<\/strong> to <strong>$13.95\u2013$13.99<\/strong>, up from the previous range of $13.76\u2013$13.96.<\/p>\n<h2>Xi Jinping Calls for Stability in China-EU Relations<\/h2>\n<p>Amidst global trade friction, <strong>Chinese President Xi Jinping<\/strong> emphasized the importance of maintaining a stable partnership with the <strong>European Union<\/strong>. During a meeting with the <strong>Swiss President<\/strong>, Xi noted that as long as both sides uphold &quot;equal dialogue,&quot; any differences or problems can be resolved.<\/p>\n<p>These remarks come as <strong>China<\/strong> seeks to navigate a complex trade landscape marked by <strong>EU<\/strong> investigations into Chinese subsidies and <strong>U.S.<\/strong> tariff pressures. Xi&#39;s call for &quot;open cooperation&quot; reflects Beijing&#39;s effort to maintain access to European markets while countering what it describes as a shift toward global protectionism.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways AbbVie (ABBV) beat Q3 earnings expectations with an Adjusted EPS of $3.82 (vs. $3.74 est.) and raised its 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