LifeMD Shares Tumble on Earnings Miss and GLP-1 Market Struggles
LifeMD stock plunged 25% after missing Q3 earnings and cutting guidance, citing fierce competition from low-cost compounded GLP-1 weight loss drugs despite Novo and Lilly partnerships.
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Klarna Sells $6.5B Loans to Elliott to Fuel US Expansion
Klarna partners with Elliott Investment Management to sell $6.5B in loans, boosting its US growth strategy while reporting mixed Q3 results as a newly public company.
PDD Holdings Beats Earnings But Warns of Tough Times Ahead
PDD Holdings (PDD) reports 9% revenue growth and beats profit forecasts, but shares fall as company cautions about fierce competition and regulatory challenges affecting its China and Temu businesses.
ChatGPT, X, and Global Sites Offline: Cloudflare Blames Outage on 'Spike in Unusual Traffic'
A global internet outage hit Cloudflare, causing popular sites like ChatGPT and X (formerly Twitter) to stop working due to a massive, unusual traffic spike.
Callaway Sells Majority Stake in Topgolf for $1.1 Billion
Topgolf Callaway Brands is selling 60% of its Topgolf unit to Leonard Green & Partners (LGP). This deal allows the company to focus on its golf equipment and apparel brands.
BofA Downgrades Honeywell Amid Reorganization Challenges
Bank of America cuts Honeywell to Underperform, citing slow EPS growth and challenges in its Aerospace and Automation split, with a new $205 price target.