Biotech

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  Biotech | Oct 30, 2024

  Biogen tops estimates, raises profit guidance as Alzheimer’s drug Leqembi gains traction

  Biogen on Wednesday reported third-quarter revenue and adjusted earnings that topped expectations while raising its full-year profit guidance, as sales of its breakthrough Alzheimer’s drug, Leqembi, and other new products gain traction.  Biogen now expects full-year adjusted earnings to come in between $16.10 and $16.60 per share, up from a previous forecast of $15.75 to $16.25… Continue reading Biogen tops estimates, raises profit guidance as Alzheimer’s drug Leqembi gains traction

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  Biotech | Oct 30, 2024

  Eli Lilly stock tumbles after drug giant misses estimates and slashes profit guidance

  Eli Lilly’s third-quarter earnings report fell short of Wall Street expectations, leading to a sharp drop in its stock price by over 12%. The company attributed the shortfall to underwhelming sales of its key weight-loss drug, Zepbound, and diabetes medication, Mounjaro, as well as a $2.8 billion charge related to its acquisition of Morphic Holding,… Continue reading Eli Lilly stock tumbles after drug giant misses estimates and slashes profit guidance

Energy

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  Energy | Oct 30, 2024

  BP shares fall to lowest since 2022 after sharp drop in the oil major’s third-quarter profit

  BP reported its weakest quarterly earnings in nearly four years, attributing the decline to falling crude prices and lower refining margins. For the third quarter of 2024, the British oil major posted an underlying replacement cost profit of $2.3 billion, surpassing analyst expectations of $2.1 billion, but marking a significant drop from the $3.3 billion… Continue reading BP shares fall to lowest since 2022 after sharp drop in the oil major’s third-quarter profit

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  Energy | Oct 23, 2024

  Big Tech is driving a nuclear power revival, energy guru Dan Yergin says

  Nuclear power is poised for a resurgence in the United States, largely driven by the energy demands of major tech companies such as Microsoft, Amazon, and Google, as they expand their operations to support the burgeoning field of artificial intelligence (AI). These companies require substantial amounts of energy to power their data centers, leading to… Continue reading Big Tech is driving a nuclear power revival, energy guru Dan Yergin says

Mining

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  Mining | Oct 30, 2024

  Ivanhoe Mines Delays Q3 2024 Financial Results Call on October 30, 2024 by 15 Minutes; Revised Start Time 10:45am EST

  Toronto, Ontario–(Newsfile Corp. – October 30, 2024) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) will now commence its third quarter 2024 financial results call at 10:45 a.m. Eastern time / 7:45 a.m. Pacific time on October 30, 2024. Link to the results presentation on the company’s website: https://www.ivanhoemines.com/wp-content/uploads/20241030-IVN-Q3-2024-Results-Presentation-vF.pdf. The conference call will conclude with a question-and-answer (Q&A) session.… Continue reading Ivanhoe Mines Delays Q3 2024 Financial Results Call on October 30, 2024 by 15 Minutes; Revised Start Time 10:45am EST

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  Mining | Oct 30, 2024

  Gold Terra Announces Non-Brokered Charity Flow-Through and Private Placement

  VANCOUVER, BC / ACCESSWIRE / October 30, 2024 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQB:YGTFF) (“Gold Terra” or the “Company”) announces that it proposes to undertake a non-brokered private placement (the “Offering”) of up to 10 million common shares (the “NFT Shares”) at a price of $0.05 and up to 30 million charity flow-through common shares… Continue reading Gold Terra Announces Non-Brokered Charity Flow-Through and Private Placement

Technology

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  Technology | Oct 30, 2024

  Reddit shares soar 35% on profitability, rosy guidance

  Reddit’s shares surged by 35% on Wednesday after the social media company reported unexpected profitability in its third-quarter financial results, along with promising revenue guidance. Reddit’s revenue jumped 68% from the prior year to $348.4 million, surpassing analysts’ expectations of $312.8 million. Additionally, the company reported a net income of $29.9 million, equivalent to 16… Continue reading Reddit shares soar 35% on profitability, rosy guidance

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  Technology | Oct 30, 2024

  DeFi Technologies’ Subsidiary Valour Expands Offerings with First-Ever Valour Bittensor (TAO) SEK ETP in the Nordics on Spotlight Stock Market

  TORONTO, Oct. 30, 2024 /PRNewswire/ – DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a crypto-native technology company at the forefront of merging traditional capital markets with decentralized finance (“DeFi“), proudly announces that its subsidiary Valour Inc. (“Valour“), a leading issuer of exchange-traded products (“ETPs“) providing simplified access to… Continue reading DeFi Technologies’ Subsidiary Valour Expands Offerings with First-Ever Valour Bittensor (TAO) SEK ETP in the Nordics on Spotlight Stock Market

US Markets

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  US Markets | Oct 30, 2024

  U.S. economy grew at a 2.8% pace in the third quarter, less than expected

  The U.S. economy demonstrated solid, though slightly below-expected, growth in Q3, with GDP rising at an annualized rate of 2.8% from July through September, as reported by the Commerce Department. This figure fell short of the anticipated 3.1% increase and followed a 3% GDP rise in Q2. Despite high interest rates and concerns that post-COVID… Continue reading U.S. economy grew at a 2.8% pace in the third quarter, less than expected

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  US Markets | Oct 30, 2024

  Super Micro shares plunge 35% as auditor resigns after raising concerns months earlier

  Super Micro’s shares plummeted by as much as 35% on Wednesday following the resignation of its auditor, Ernst & Young (EY), after extended disagreements with the company regarding governance and board independence. EY, which had been contracted to audit Super Micro for the 2024 fiscal year, cited concerns over the company’s internal financial controls and… Continue reading Super Micro shares plunge 35% as auditor resigns after raising concerns months earlier