Investing.com -- Novo Nordisk (CSE:NOVOb) shares rose sharply on Monday after telehealth company Hims Hers Health (NYSE: HIMS) pulled its newly launched $49 compounded weight-loss pill over the weekend, following legal pressure from the Danish drugmaker and the U.S. Food and Drug Administration (FDA).
Shares in Novo surged more than 8% in Copenhagen trading by 04:48 ET (09:48 GMT), while its U.S.-listed shares jumped 6.5% in premarket trading.
Hims Hers, meanwhile,... (continue reading...)
Investing.com -- Alibaba’s AI chatbot Qwen has temporarily suspended issuing shopping coupons after being overwhelmed by a surge in demand, disrupting a fresh push to position the tool as more than just a question-and-answer assistant.
U.S.-listed shares of Alibaba (NYSE: BABA) fell about 1% in premarket trading.
The chatbot started distributing coupons on Friday that enable users to complete purchases within Alibaba-owned retail platforms directly through chatbot... (continue reading...)
Investing.com -- Cleveland-Cliffs Inc. (NYSE: CLF) reported a narrower-than-expected fourth-quarter loss on Thursday, but shares fell 3.4% premarket after the steelmaker's revenue fell short of analyst expectations amid weak automotive production levels.
The Ohio-based steel producer posted fourth-quarter revenue of $4.3 billion, below the analyst consensus of $4.59 billion. The company reported an adjusted loss of $0.43 per share, better than the expected loss of... (continue reading...)
Investing.com -- Dynatrace shares surged more than 10% in premarket trading Monday after the AI technology firm reported better-than-expected results for the third quarter of fiscal 2026 and raised its full-year guidance.
The company, which provides an AI-powered observability platform, posted Q3 earnings per share (EPS) of $0.44, exceeding consensus estimates of $0.41. Revenue for the period rose to $515 million, above the $505.8 million expected by analysts.
Annual... (continue reading...)
Investing.com -- Morgan Stanley believes the sharp pullback in software valuations has created buying opportunities across nine major technology names, arguing that fears around generative AI disruption have gone too far.
Analyst Keith Weiss wrote in a note to clients on Monday that “peak uncertainty has severely impacted Software multiples,” with a roughly 33% drop since October 2025.
He added that at “~4.4X EV/Sales, the average software multiple is back into the... (continue reading...)
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