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Morning Bid: Pyrotechnics in stocks and US elections

A look at the day ahead in European and global markets by Gregor Stuart Hunter Nasdaq futures -0.3% ...
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Novo Nordisk lowers full-year profit guidance in new CEO’s maiden quarter

COPENHAGEN (Reuters) -Wegovy-maker Novo Nordisk lowered its full-year profit forecast on Wednesday in an early blow to the Danish drugmaker's new CEO amid a deep restructuring drive to claw back lost ground in a fierce obesity drug market battle. CEO Mike Doustdar, who took the ...
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Trump tariffs face Supreme Court test in trillion-dollar test of executive power

WASHINGTON (AP) - President Donald Trump's power to unilaterally impose far-reaching tariffs is coming before the Supreme Court on Wednesday in a pivotal test of executive power with trillion-dollar implications for the global economy. The Republican administration is trying to defend the tariffs central to ...
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What to know about the Supreme Court arguments over Trump’s tariffs

WASHINGTON (AP) - Three lower courts have ruled illegal President Donald Trump's use of emergency powers to impose worldwide tariffs. Now the Supreme Court, with three justices Trump appointed and generally favorable to muscular presidential power, will have the final word. In roughly two dozen ...
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China confirms suspension of 24% tariff on US goods, retains 10% levy

BEIJING (Reuters) -China will suspend its 24% additional tariff on U.S. goods for one year but retain a 10% levy, the State Council's tariff commission said on Wednesday, following last week's meeting between President Xi Jinping and U.S. President Donald Trump. The commission also ...
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Asian shares sink after losses for Big Tech pull US stocks lower

BANGKOK (AP) - Tokyo's benchmark Nikkei 225 index tumbled more than 4% on Wednesday and other shares in Asia also sank after a retreat on Wall Street spurred by selling of Big Tech shares. U.S. futures were slightly lower and oil prices also fell. The Nikkei ...
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Australia adds Reddit and Kick to social media platforms banning children under 16

MELBOURNE, Australia (AP) - Australia has added message board Reddit and livestreaming service Kick to its list of social media platforms that must ban children younger than 16 from holding accounts. The platforms join Facebook, Instagram, Snapchat, Threads, TikTok, X and YouTube in facing a ...
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Vietnam rethinks its flood strategy as climate change drives storms and devastation

HANOI, Vietnam (AP) - Vietnam is rethinking how it copes with floods after a year of relentless storms collapsed hillsides and left vast parts of cities under water. From mapping high-risk areas to reimagining "sponge cities" that can absorb and release water naturally, Vietnam ...
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Safe-haven yen and dollar shine amid selloff in stocks; NZ dollar slides

By Kevin Buckland TOKYO (Reuters) -The safe-haven Japanese yen and U.S. dollar garnered demand on Wednesday as an aggressive tech-led selloff on Wall Street spilled over into Asia. The risk-sensitive Australian dollar remained weak after a 0.8% slide against the greenback on Tuesday, while the New ...
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China’s services growth hits three-month low in October, PMI shows

By Liangping Gao and Ryan Woo BEIJING (Reuters) -China's services activity expanded in October but at its slowest pace in three months, as a decline in overseas orders offset the boost from improved domestic demand, a private survey released on Wednesday showed. The RatingDog China General ...
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Oil prices fall amid broader market selloff, gains in US crude stockpiles

By Colleen Howe BEIJING (Reuters) -Oil prices fell on Wednesday amid a broader selloff in global financial markets that underscored concerns about economic and fuel demand growth, with a stronger U.S. dollar and reports of rising U.S. crude stockpiles adding to the worries. Brent crude futures ...
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Asian markets post sharpest selloff in seven months as AI-led rally pauses

(Reuters) -Equities saw their sharpest slide in seven months in Asia on Wednesday, with tech stocks leading losses as investors hit the brakes on a prolonged, artificial intelligence-driven rally. The retreat from record highs was also fuelled by concerns that equity markets may be overstretched, ...
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