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  • D-Wave beats Q3 estimates but stock dips amid sector volatility

D-Wave beats Q3 estimates but stock dips amid sector volatility

5 articles I'm watching carefully

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Tyler Dupont
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Good morning 👋

Here's the latest news I'm tracking today.

 📈 Stocks / Finance

D-Wave beats Q3 estimates but stock dips amid sector volatility

D-Wave Quantum reported a Q3 loss of 5 cents vs. 7-cent estimate, with revenue up 100% to $3.7M. Despite the beat, shares fell over 4% amid a broader Nasdaq decline. The stock is up 223% YTD but has retreated from its October high of 46.75.

Duolingo stock drops 27% on soft outlook despite revenue beat

Duolingo shares plunged 27% after Q4 guidance missed expectations. The company beat revenue estimates and posted $292M in net income, aided by a tax benefit, but its shift toward long-term user growth over monetization led analysts to downgrade the stock.

Pfizer, Novo Nordisk locked in $10B bidding war over Metsera

Pfizer matched Novo Nordisk’s $10B bid for obesity-drug maker Metsera, pushing shares up 12%. The deal would mark a sharp gain from Metsera’s $1.8B IPO valuation. Analysts say the escalating battle highlights rising stakes in the GLP-1 drug market.

🪙 Crypto

XRP slips after Ripple’s $500M investment and pilot with Mastercard

XRP rose to $2.38 on news of Ripple's $500M raise and pilot with Mastercard using RLUSD for fiat settlement. Gains faded as the token fell over 5%. RLUSD supply rose 30% in a month, hitting $1B. Analysts see Ripple pivoting to a fintech model and potential IPO.

🌎 Global Economy

Global travel industry to surpass $16T output by 2035

The WTM Global Travel Report projects the travel sector to grow 3.5% annually, outpacing global GDP. By 2035, travel will account for nearly 12% of global output, driven by Asia-Pacific demand, live events tourism, and rising international arrivals.

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