Market News
Breaking market news and updates
Novo Shares Fall Up to 7% as Drugmaker's 2030 Growth Ambitions Disappoint Investors
Novo shares fell as much as 7% after the drugmaker's Capital Markets Day 2030 ambitions and diversification plan fell short of investor hopes, with analysts flagging growth only in line with pharma peers.
SoftBank Launches $10 Billion and €1 Billion Bond Sale to Fund Third OpenAI Tranche
SoftBank has launched $10 billion of dollar notes and €1 billion of euro notes, mainly to fund the third $10 billion tranche of its OpenAI investment, with Fitch assigning a BB+ rating as borrowing costs rise, per term sheet reporting.
Ireland's Data Protection Commission Fines Google €403m Over Location Data Processing
Ireland's Data Protection Commission has fined Google €403 million ($463 million, per Reuters) over its processing of users' location data and ordered compliance within six months, RTÉ and Reuters reported. Google says the case concerns historical policies since updated.
Stock Market Today: Technology Leads While S&P 500 Advances
Technology led the session while the S&P 500 advances. See the validated market scorecard, sector performance, and what traders are watching next.
Lilly Says Updated EMBER-3 Data Show Imlunestrant-Abemaciclib Nearly Doubled Progression-Free Survival; Combination Submitted for U.S. Review
Lilly's updated Phase 3 EMBER-3 results show imlunestrant plus abemaciclib delivered median progression-free survival of 10.9 months versus 5.5 months for imlunestrant alone. The combination is not approved in the U.S.; Lilly says it has submitted the data for regulatory review.
Volkswagen Cuts 2026 Profit Guidance as China Slump and Porsche Impairment Bite
Volkswagen cut its 2026 profit guidance in September, per Seeking Alpha, citing weak China sales, underperforming brands and a Porsche AG goodwill impairment, after a July cut to its revenue outlook alongside a 32.9% drop in Q2 net profit.
Boeing's Revised SPEEA Offer Adds Immediate 10% Raise as Union Negotiators Recommend Acceptance
Boeing's revised final offer to SPEEA includes an immediate 10% guaranteed wage increase, and union negotiators are recommending ratification after members rejected an earlier package on Aug. 21.
MISTRAS Group to Go Private in $866 Million H.I.G. Capital Deal at $20.35 a Share
MISTRAS Group has agreed to an all-cash sale to H.I.G. Capital at $20.35 a share, an enterprise value of about $866 million, with a 40-day go-shop running to October 27 and roughly 31% of shares locked up in support.
Nucor's Q3 2026 Guidance Falls Short of Wall Street Consensus, Shares Dip Alongside Steel Dynamics
Nucor guided third-quarter 2026 earnings to $5.55-$5.65 per diluted share, below the $6.17 consensus tracked by MarketBeat, and CNBC reported Nucor and Steel Dynamics shares each fell more than 1.5% premarket.
Putin Decree Places Nestlé, Auchan, Lemana Pro and FM Logistic Russian Units Under State-Appointed Management
A Putin decree published Thursday placed the Russian units of Nestlé, Auchan, Lemana Pro and FM Logistic under temporary external administration by JSC L.E.V. Management, reported to be a shell company, with Nestlé shares down 2.2% on Friday, per CNBC.
BOJ Lifts Rate to 1.25%, a 31-Year High, But Yen Slides and Nikkei Rallies on 7-2 Split Vote
The Bank of Japan raised its policy rate to 1.25%, a 31-year high, in a 7-2 split vote, but the yen weakened past 157 and the Nikkei 225 rose 1.5% as markets focused on dissent from two board members.
Warren Buffett Becomes Berkshire Hathaway Chairman Emeritus as Son Howard Buffett Is Elected Chairman
Warren Buffett becomes Berkshire Hathaway chairman emeritus and stays a director as his son Howard Buffett is elected chairman, with Greg Abel continuing as CEO, according to the company's Friday announcement and CNBC.
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