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Sea Stock Jumps As Shopping Demand Boosts Profit

(Bloomberg) -- Shares of Sea Ltd. jumped the most in more than a year-and-a-half after its e-commerce business reported its first profit on adjusted basis, a sign it’s holding its own against bigger Chinese rivals in Southeast Asian markets like Indonesia.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views

Novavax Lowers 2024 Forecast Despite Q3 Revenue Beat, Stock Falls

On Tuesday, Novavax Inc (NASDAQ:NVAX) reported third-quarter 2024 sales of $84.5 million, compared to $186.99 million a year, beating the consensus of $65.78 million. Product sales of $38 million for the third quarter of 2024 were primarily related to U.S. market commercial sales. Licensing, royalties, and other revenue of $46 million in the third quarter of 2024 related to a combination of activities under the Sanofi Agreement and adjuvant sales. In September, the FDA granted Emergency Use Auth

Wall Street opens little changed as focus moves to economic data

Wall Street was steady at the open on Tuesday as focus shifted from the U.S. election to key inflation data later in the week for more signals on the country's economic and monetary policy outlook. The Dow Jones Industrial Average rose 66.1 points, or 0.15%, at the open to 44,359.21. The S&P 500 rose 2.3 points, or 0.04%, at the open to 6,003.6​, while the Nasdaq Composite dropped 8.9 points, or 0.05%, to 19,289.814 at the opening bell.

How To Earn $500 A Month From Occidental Petroleum Stock Ahead Of Q3 Earnings

Occidental Petroleum Corporation (NYSE:OXY) will release earnings results for the third quarter, after the closing bell, on Tuesday, Nov. 12. Analysts expect the Houston-based company to report quarterly earnings at 74 cents per share. That’s down from $1.18 per share in the year-ago period. Occidental Petroleum projects to report quarterly revenue of $7.23 billion. Last year, revenue hovered $7.21 billion, according to data from Benzinga Pro. On Nov. 8, JPMorgan analyst John Royall reinstated O

Adobe adds AI tools to its stock photography business

Adobe on Tuesday added software tools that let its customers use artificial intelligence to create images based on its library of stock images, while still paying the original creators of those images. Adobe, the company behind tools such as Photoshop that are widely used in the content creation business, has been rushing to add AI tools to its software as it faces image generation technology from newer firms such as OpenAI. Adobe's strategy has been to ensure that content it generates is legally safe to use in commercial work and to compensate artists.