Today's Headlines

Bloomberg:

• OPEC Splits Prevent Deal With Other Producers to Curb Supply. OPEC’s internal disagreements over how to implement oil-supply cuts agreed last month prevented a deal to secure the cooperation of other major suppliers. More than 18 hours of talks over two days in Vienna yielded little more than a promise that the world’s largest oil producers would keep on talking. Discussions will continue in late November, just days before the Organization of Petroleum Exporting Countries is supposed to finalize the accord that lifted oil prices to one-year highs. Non-OPEC nations ended talks with the group on Saturday without making any supply commitments, Brazil’s Oil and Gas Secretary Marcio Felix said after the meeting. The outcome of the process hinges on Iran and Iraq, two nations that are more interested in increasing production than reducing it, said Azerbaijan’s Energy Minister Natiq Aliyev.
• Pharma Stocks Struck as Drug Pricing Story Takes Its Toll. It’s been a brutal October for health-care investors. The worst may be yet to come. A year after presidential candidate Hillary Clinton first tweeted about outrageous price gouging, the reality of pricing pressure in the U.S. hit Wall Street in the most concrete way: earnings. From drug distributor McKesson & Co., to biotechnology giants Amgen Inc. and AbbVie Inc. and insulin maker Eli Lilly & Co., this week’s third-quarter results showcased widespread evidence that the industry has pulled back on prices under the growing pressure from politicians and pharmacy benefit managers. The crush has sent shares down in the U.S. and beyond, hitting foreign drugmakers like Denmark-based Novo Nordisk A/S, the world’s largest maker of insulin, that have a large portion of their business in the country.

Wall Street Journal:

• OPEC Fails to Finalize Proposal to Implement Production Cut. Cartel’s leader says there will be dire consequences for industry if OPEC doesn’t proceed with plan.
• The Progressive Mind and Poverty: A Wisconsin Case. Political careers like Russ Feingold’s depend on keeping people dependent on government.

Barron's:

• Had bullish commentary on (VMC), (CTXS), (ITT), (HLT) and (JEC).

Fox News:

• Abedin-Weiner electronic device was laptop, had tens-of-thousands of emails, source. (video)

CNBC:

• Shadow banks are taking over the mortgage market again. Shadow banks are on the cusp of taking the lead from their commercial counterparts in the mortgage market, new data suggests, a phenomenon that hasn't been seen since the 2008 financial crisis.

Zero Hedge:

• FBI Found "Tens Of Thousands Of Emails" Belonging To Huma Abedin On Weiner's Laptop.
• DOJ's Loretta Lynch Tried To Squash Comey's Letter To Congress.
• "Sometimes Bill And Hillary Have The Worst Judgment": Wikileaks Releases Part 22 Of Podesta Files; 36,190 Emails Total. 
• Bitcoin Is Soaring: Up Over 10% In One Week On Chinese Buying Spree. (graph)
• ABC/Wapo Effectively Admit To Poll Tampering As Hillary's "Lead" Shrinks To 2-Points.
• JPM Warns Shift To Passive Investing Increases Systemic Risk, Will Make Crashes Worse.
• "Global Economy Is Not Improving" - Anxious CEOs Blame Poor Data On Weak US Consumer. 
• The Story Of Durable Goods Is The Story Of The (Global) Economy. (graph)
• 'Balanced' Investors Stuck Between A Rock & A Hard Place.
• Paris Streets See Big Increase In Migrants After Calais "Jungle" Camp Closure. (video)
• New Research Finds Minimum Wage Ballot Initiatives Could Cost 300,000 Jobs In These 4 States.
• Dramatic 2006 Recording Captures Hillary Clinton Proposing To Rig The Palestine Election.
• New Clinton Emails Emerged As Part Of Probe Into Anthony Weiner's Electronic Devices: NYT.
• Clinton State Dept Spent 5.4 Million Taxpayer Dollars On 'Crystal Stemware', $630k On Facebook 'Likes'.
• David Einhorn Slams Elon Musk, Central Bankers In His Latest Letter.
• VIX Derivatives At "Scariest" Level Since August 2015 Crash. (graph)
• Weekend Reading: Stuck In The Middle - Again.
• Markets 'Turmoil' After Comey Crashes Clinton Party. (graph)

Business Insider:

• Things are starting to rumble in Southeast Asia.
• Australia dealt a massive blow to the UK government's Brexit plans.
• Multiple injuries reported after plane catches fire at Chicago's O'Hare airport.
• DAVID EINHORN: 'Central bankers behave as if we're still in crisis'.
• Bill Ackman is shaking up his hedge fund's fee structure after another year of losses.