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CNBC: Genmab Stock Doubles in Three Months as Cancer Drug Trial Progress Drives Business Transformation
Genmab, a Danish biotech company, saw its shares double in three months, including a 48% surge last week, following the disclosure of positive results from multiple Phase 3 cancer drug trials in Octob
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French train manufacturer Alstom's stock plunged 26% after it lowered its profit outlook.
The company also plans to cut €2 billion in debt, marking the second major profit warning under new CEO Martin Sion.
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Bloomberg Markets: Kioxia shares have fallen 60%, with upcoming earnings facing a tough test.
Bloomberg Markets: Kioxia shares have fallen 60%, with upcoming earnings facing a tough test.
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Reddit's Q3 revenue and earnings exceeded expectations, but its Q4 sales guidance was weak, causing its stock to plummet over 11% in after-hours trading. The company also plans to require all users to create official accounts.
Reddit's third-quarter revenue and earnings exceeded expectations, but its fourth-quarter sales guidance was weak, causing its stock price to plummet over 11% in after-hours trading. The company also
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Samsung Electronics' Q3 operating profit surged 780% to a record 107.4 trillion Korean won, but its stock price still fell over 5% due to the semiconductor division's weaker-than-expected performance.
Samsung Electronics' third-quarter operating profit surged 780% to 107.4 trillion Korean won (approximately $80.5 billion), marking the first time a tech company's quarterly operating profit has excee
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the company's revenue decreased by 5.9% to 25.28 billion euros, and vehicle deliveries fell by 16% to 178,532 units
German luxury carmaker Porsche reported on Tuesday that its operating profit for the first nine months of 2026 rebounded to 1.74 billion euros, significantly higher than the 40 million euros recorded
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Volvo Car shares plunge 25% on declining China sales and layoff plans.
Volvo Cars' stock plummeted 25% on Friday after the company announced plans to cut 2,500 jobs and reported an operating loss of SEK 5.6 billion (approximately $563.7 million) for the third quarter, pr
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NextDC's data center project in Australia faces power supply delays due to resident protests, leading to a more than one-third reduction in its FY2027 earnings guidance and a 45% plunge in its stock price.
NextDC, dubbed "Australia's CoreWeave," disclosed on Wednesday that the power supply plan for its critical M3 project has been delayed until FY2028 due to ongoing obstruction from inner-Melbourne resi
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CATL management anticipates a 20-30% increase in battery demand next year, but the company's Q3 net profit declined quarter-on-quarter, with its stock price falling over 10% during intraday trading.
CATL management stated on the evening of October 20 that global demand for power and energy storage batteries is expected to grow by 20% to 30% next year, considering this a "reachable and not excessi
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Hybe shares jump 10% on Friday as BTS world tour lifts Q3 earnings hopes, with revenue expected to reach 1.5 trillion won ($1.11 billion) and concert revenue nearly tripling to 717 billion won.
Hybe shares jump 10% on Friday as BTS world tour lifts Q3 earnings hopes, with revenue expected to reach 1.5 trillion won ($1.11 billion) and concert revenue nearly tripling to 717 billion won.
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SpaceX shares extended gains on Friday, reaching a market capitalization of $750 billion, following the acquisition of key spectrum.
SpaceX shares traded above $160 this week, surpassing a level it had failed to break since July. The company's stock has risen 48% in three months after bottoming out on August 5. On Friday, SpaceX sh
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Bandai Namco's stock price surges as it seeks breakthrough in North American market.
Shares of Japanese entertainment company Bandai Namco Holdings have reached an all-time high, as the company accelerates content monetization using its IP library and seeks a breakthrough in the North
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Meta hires MongoDB CEO CJ Desai, sending MongoDB shares down 17%
MongoDB CEO CJ Desai is joining Meta Platforms as its chief enterprise platform officer, reporting directly to Meta CEO Mark Zuckerberg. Desai will lead Meta's new Meta Enterprise Platform for busines
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Trustpilot shares fall as much as 20% after reporting strong first-half growth but a surprise statutory loss and unchanged full-year guidance
The online review platform's revenue rose 23% to $151.4 million, with bookings up 22%. However, it swung to a net loss of approximately $1.1 million, partly due to a €4 million fine from Italy's compe
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Meta to pay $18 billion to settle lawsuit filed by state attorneys general over social media addiction, stock rallies
Meta Platforms has agreed to pay $18 billion to resolve a lawsuit initiated by a group of state attorneys general. The lawsuit alleged that Meta's social media apps, including Facebook and Instagram,
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Oklo (OKLO) Q2 revenue was $1.2 million, marking its first meaningful quarterly revenue, with shares rising 14% to $48.21 during the session.
Oklo reported Q2 2026 revenue of $1.2 million, marking the company's first meaningful quarterly revenue. Despite the revenue growth, its loss per share was $0.28, exceeding analysts' expected loss of
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Sandisk shares fell after the company's revenue forecast missed analysts' expectations.
Sandisk (SanDisk)'s median revenue forecast was lower than analysts' models, causing its stock price to fall.
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CNBC: Genmab Stock Doubles in Three Months as Cancer Drug Trial Progress Drives Business Transformation
Genmab, a Danish biotech company, saw its shares double in three months, including a 48% surge last week, following the disclosure of positive results from multiple Phase 3 cancer drug trials in Octob
-
French train manufacturer Alstom's stock plunged 26% after it lowered its profit outlook.
The company also plans to cut €2 billion in debt, marking the second major profit warning under new CEO Martin Sion.
-
Bloomberg Markets: Kioxia shares have fallen 60%, with upcoming earnings facing a tough test.
Bloomberg Markets: Kioxia shares have fallen 60%, with upcoming earnings facing a tough test.
-
Reddit's Q3 revenue and earnings exceeded expectations, but its Q4 sales guidance was weak, causing its stock to plummet over 11% in after-hours trading. The company also plans to require all users to create official accounts.
Reddit's third-quarter revenue and earnings exceeded expectations, but its fourth-quarter sales guidance was weak, causing its stock price to plummet over 11% in after-hours trading. The company also
-
Samsung Electronics' Q3 operating profit surged 780% to a record 107.4 trillion Korean won, but its stock price still fell over 5% due to the semiconductor division's weaker-than-expected performance.
Samsung Electronics' third-quarter operating profit surged 780% to 107.4 trillion Korean won (approximately $80.5 billion), marking the first time a tech company's quarterly operating profit has excee
-
the company's revenue decreased by 5.9% to 25.28 billion euros, and vehicle deliveries fell by 16% to 178,532 units
German luxury carmaker Porsche reported on Tuesday that its operating profit for the first nine months of 2026 rebounded to 1.74 billion euros, significantly higher than the 40 million euros recorded
-
Volvo Car shares plunge 25% on declining China sales and layoff plans.
Volvo Cars' stock plummeted 25% on Friday after the company announced plans to cut 2,500 jobs and reported an operating loss of SEK 5.6 billion (approximately $563.7 million) for the third quarter, pr
-
NextDC's data center project in Australia faces power supply delays due to resident protests, leading to a more than one-third reduction in its FY2027 earnings guidance and a 45% plunge in its stock price.
NextDC, dubbed "Australia's CoreWeave," disclosed on Wednesday that the power supply plan for its critical M3 project has been delayed until FY2028 due to ongoing obstruction from inner-Melbourne resi
-
CATL management anticipates a 20-30% increase in battery demand next year, but the company's Q3 net profit declined quarter-on-quarter, with its stock price falling over 10% during intraday trading.
CATL management stated on the evening of October 20 that global demand for power and energy storage batteries is expected to grow by 20% to 30% next year, considering this a "reachable and not excessi
-
Hybe shares jump 10% on Friday as BTS world tour lifts Q3 earnings hopes, with revenue expected to reach 1.5 trillion won ($1.11 billion) and concert revenue nearly tripling to 717 billion won.
Hybe shares jump 10% on Friday as BTS world tour lifts Q3 earnings hopes, with revenue expected to reach 1.5 trillion won ($1.11 billion) and concert revenue nearly tripling to 717 billion won.
-
SpaceX shares extended gains on Friday, reaching a market capitalization of $750 billion, following the acquisition of key spectrum.
SpaceX shares traded above $160 this week, surpassing a level it had failed to break since July. The company's stock has risen 48% in three months after bottoming out on August 5. On Friday, SpaceX sh
-
Bandai Namco's stock price surges as it seeks breakthrough in North American market.
Shares of Japanese entertainment company Bandai Namco Holdings have reached an all-time high, as the company accelerates content monetization using its IP library and seeks a breakthrough in the North
-
Meta hires MongoDB CEO CJ Desai, sending MongoDB shares down 17%
MongoDB CEO CJ Desai is joining Meta Platforms as its chief enterprise platform officer, reporting directly to Meta CEO Mark Zuckerberg. Desai will lead Meta's new Meta Enterprise Platform for busines
-
Trustpilot shares fall as much as 20% after reporting strong first-half growth but a surprise statutory loss and unchanged full-year guidance
The online review platform's revenue rose 23% to $151.4 million, with bookings up 22%. However, it swung to a net loss of approximately $1.1 million, partly due to a €4 million fine from Italy's compe
-
Meta to pay $18 billion to settle lawsuit filed by state attorneys general over social media addiction, stock rallies
Meta Platforms has agreed to pay $18 billion to resolve a lawsuit initiated by a group of state attorneys general. The lawsuit alleged that Meta's social media apps, including Facebook and Instagram,
-
Oklo (OKLO) Q2 revenue was $1.2 million, marking its first meaningful quarterly revenue, with shares rising 14% to $48.21 during the session.
Oklo reported Q2 2026 revenue of $1.2 million, marking the company's first meaningful quarterly revenue. Despite the revenue growth, its loss per share was $0.28, exceeding analysts' expected loss of
-
Sandisk shares fell after the company's revenue forecast missed analysts' expectations.
Sandisk (SanDisk)'s median revenue forecast was lower than analysts' models, causing its stock price to fall.
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