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Pfizer tops earnings estimates, hikes full-year guidance as Covid products help sales

It is a critical quarterly report for Pfizer, which is grappling with activist pressure from Starboard Value.
Business - CNBC - October 29
McDonald’s CEO apologizes for E. coli outbreak, as fast-food giant’s earnings beat estimates

McDonald’s is encouraged by signs of progress in the third quarter.
Business - MarketWatch - October 29
Reddit’s stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates

Reddit said Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.
Business - MarketWatch - October 30
Eli Lilly stock tumbles after drug giant misses estimates and slashes profit guidance

Skyrocketing demand for weight loss and diabetes drugs has forced Eli Lilly and Novo Nordisk, to invest billions to increase manufacturing capacity.
Business - CNBC - October 30
Biogen tops estimates, raises profit guidance as Alzheimer's drug Leqembi gains traction

Leqembi, along with rare disease and depression treatments, helped offset a year-over-year decline in revenue for the company's multiple sclerosis products.
Business - CNBC - October 30
10-, 30-year Treasury yields drop again after GDP data opens door to Q4 slowdown

Yields on long-dated Treasurys closed lower on Wednesday after a weaker-than-expected reading on third-quarter U.S. economic growth gave way to the possibility of another slowdown in the final ...
Business - MarketWatch - October 30
Samsung falls short of expectations as chipmaker fails to reap AI benefits

Third-quarter operating profit far lower than analyst consensus and trails domestic rival SK Hynix
World - Financial Times - October 31
Donald Trump and the autocrats' playbook

‘This is a man who should be nowhere near power’
World - Financial Times - October 31
UK Labour’s Budget borrows big, taxes more

Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowing
World - Financial Times - October 31
Bank of Japan holds rates but signals normalisation still on track

Political uncertainty following election upset raises risks of abrupt policy shifts, warn analysts
World - Financial Times - October 31
FirstFT: US consumers continue to spend, spend, spend

Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election result
World - Financial Times - October 31
Making sense of sentiment

And Trump equity trades
World - Financial Times - October 31
Stellantis hit by sales slide in US and Europe

Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventory
World - Financial Times - October 31
Merck tops earnings estimates on strong demand for Keytruda, new drugs even as HPV vaccine sales fall

The company saw strong sales from its top-selling cancer drug Keytruda, recently launched treatments and its animal health business.
Business - CNBC - October 31
Bristol Myers Squibb tops earnings estimates and hikes outlook, helped by Eliquis and new drugs

The pharmaceutical giant also raised its full-year revenue forecast to an increase of roughly 5%.
Business - CNBC - October 31
Peloton’s stock soars 30% after company names Apple Fitness+ co-founder as new CEO

Peloton announced the appointment of Peter Stern as new CEO effective Jan. 1. Stern is the co-founder of Apple Fitness+ and has done stints at Ford Motor Co. and Time Warner Cable.
Business - MarketWatch - October 31
Yum Brands earnings miss estimates as KFC, Pizza Hut report same-store sales declines

KFC and Pizza Hut both reported steeper-than-expected declines in their same-store sales.
Business - CNBC - 3 days ago
Yum Brands’ earnings fall short of estimates as Pizza Hut parent says consumers are still pressured

Only Taco Bell managed same-store sales gains.
Business - MarketWatch - 3 days ago
Toyota posts nearly 20% drop in second-quarter operating profit, missing estimates

Despite the lower takings, Toyota had raised its interim and full year dividend forecast
Business - CNBC - 2 days ago
Maurizio Cattelan’s duct-taped ‘banana’ artwork estimated to fetch up to US$1.5m at New York auction

The viral artwork, involving a banana stuck to a wall, is once again in the spotlight, as Sotheby’s prepares to auction it for an eye-watering sum. Italian artist Maurizio Cattelan ’s notorious ...
World - The Guardian - Yesterday
Papa John’s stock falls as same-store sales hurt by still-cash-strapped consumer

Pizza chain says it’s still operating in a challenging consumer environment.
Business - MarketWatch - Yesterday
Paramount’s earnings lag estimates as streaming gains are offset by weak film and TV revenue

The company still expects to close its merger with Skydance, the studio run by David Ellison, in the first half of 2025.
Business - MarketWatch - 8 hours ago

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