Day: November 5, 2025
Ozempic maker Novo Nordisk lowers growth outlook for its weight loss drugs as pricing pressures mount
A box of Ozempic sits on a table in North Tyneside, Britain, Oct. 31, 2023. Lee Smith | Reuters Danish pharmaceutical giant Novo Nordisk said Wednesday it is trimming its growth expectations for its leading obesity and diabetes treatments as competition intensifies and pricing pressures mount in the weight loss market. Net profit for the […]
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Toyota profits fall for a second consecutive quarter, missing estimates, as U.S. tariffs hit exports
A sign with the Toyota logo in Surrey, England on August, 2023 Peter Dazeley | Getty Images News | Getty Images Toyota Motor on Wednesday missed operating profit estimates for the quarter ended September as the Japanese auto giant bears the brunt of U.S. tariffs. Here are Toyota’s September quarter results compared with mean estimates […]
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Europe to open lower as markets question tech valuations; Novo Nordisk earnings ahead
European stocks are expected to open lower, mirroring global declines as concerns grow over sky-high tech valuations. Source
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McDonald’s is about to report earnings. Here’s what to expect
The logo of McDonald’s is seen in Los Angeles, California. Lucy Nicholson | Reuters McDonald’s is expected to report its third-quarter earnings before the bell on Wednesday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $3.33 expected Revenue: $7.1 billion expected The fast-food giant, often seen as […]
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California voters approve new U.S. House map to boost Democrats in 2026
California voters approved new congressional district boundaries Tuesday, delivering a victory for Democrats in the state-by-state redistricting battle that will help determine which party wins control of the U.S. House in 2026 and, with it, the power to thwart or advance President Donald Trump’s agenda. The approval of Proposition 50 gives Democrats a shot at […]
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Democrats make clean sweep in three biggest U.S. elections on Tuesday night
Zohran Mamdani, Democratic candidate for mayor speaks during a press conference celebrating his primary victory with leaders and members of the city’s labor unions on July 2, 2025 in New York. Angela Weiss | Afp | Getty Images Democrats made a clean sweep in the three biggest contested elections in the United States on Tuesday […]
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Nvidia deepens India footprint with $2 billion deep tech alliance to mentor AI startups
Co-founder and CEO of Nvidia Jensen Huang spoke to journalists during a trip to Beijing in July. Picture Alliance | Picture Alliance | Getty Images Nvidia will help train and mentor emerging deep tech startups in India as a founding member of a $2 billion investment alliance, deepening its presence in the world’s third-largest startup […]
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SoftBank shares plunge 10% as Asian AI-linked stocks slide on valuation jitters
A woman uses her mobile phone as she walks past the logo of Japan’s telecommunications giant SoftBank in Tokyo on December 25, 2013. Toru Yamanaka | Afp | Getty Images Shares of Asian AI-linked companies and tech firms fell Wednesday, tracking declines in U.S. peers, as investors turned wary of stretched valuations in the market’s […]
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CNBC Daily Open: Beware the tunnel vision on AI stocks
Yusuf Mehdi, executive vice president and consumer chief marketing officer at Microsoft, speaks at a company briefing in Redmond, Wash., on May 20, 2024. Microsoft unveiled a new category of PC that features generative artificial intelligence tools built into Windows, the company’s world-leading operating system. Jason Redmond | AFP | Getty Images The euphoria around […]
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Democrats in key races benefited from voters who don’t like either party: NBC exit poll
Voters cast their ballots at a polling station at the Ida Lee Recreation Center in Leesburg, Virginia, US, on Tuesday, Nov. 4, 2025. Graeme Sloan | Bloomberg | Getty Images In Virginia’s closely watched gubernatorial race, Democrats appear to have benefited from a small but decisive bloc of voters who harbor unfavorable views of both […]
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