Chipmaker Intel is in talks to acquire artificial intelligence processor maker SambaNova, Bloomberg News reported on Thursday. ...

Core Insights - Coinbase Global reported a significant increase in third-quarter profit due to heightened volatility in digital assets, which led to increased trading volumes at the cryptocurrency exchange [1] Company Summary - The third-quarter profit for Coinbase Global saw a notable rise, attributed to the increased trading activity driven by market volatility in digital assets [1] Industry Summary - The cryptocurrency exchange industry is experiencing heightened trading volumes as a result of increased volatility in digital assets, positively impacting companies like Coinbase Global [1]

Core Insights - Roku reported a 14% increase in third-quarter revenue, driven by a growing user base and increased advertising sales [1] Revenue Growth - The 14% rise in revenue indicates strong performance in the third quarter, highlighting the effectiveness of Roku's strategies in user acquisition and monetization through advertising [1] User Base Expansion - The expansion of Roku's user base is a significant factor contributing to the revenue growth, suggesting that the company is successfully attracting more viewers to its platform [1] Advertising Sales - Increased advertising sales are a key driver of revenue, reflecting the company's ability to capitalize on its growing audience and enhance its advertising offerings [1]

Core Insights - Reddit forecasts fourth-quarter revenue to exceed Wall Street estimates, driven by its artificial intelligence-powered advertising tools that enhance marketing spending on the platform [1] Company Summary - The anticipated revenue growth is attributed to the implementation of advanced advertising technologies, which are expected to attract increased marketing investments [1]

Core Insights - Lumen Technologies exceeded third-quarter revenue estimates and reported a smaller-than-expected loss, attributed to increased demand for its network infrastructure to handle significant data flows and complex applications [1] Financial Performance - The company reported third-quarter revenue that surpassed analyst expectations, indicating strong performance in its core business [1] - The loss reported was less than what analysts had anticipated, showcasing improved operational efficiency [1] Market Demand - There is a growing demand for network infrastructure, driven by the need to support massive data flows, which is a positive indicator for the company's future growth prospects [1]

Core Insights - Gilead Sciences reported a 4% increase in HIV drug sales, reaching $5.3 billion in the third quarter, which includes $39 million from its new prevention drug Yeztugo, contributing to profits exceeding Wall Street expectations [1] Sales Performance - The total sales of Gilead's HIV drugs rose to $5.3 billion in Q3, marking a 4% increase compared to previous periods [1] - The new prevention drug Yeztugo generated $39 million in sales, indicating a positive reception in the market [1] Profitability - The increase in HIV drug sales and the introduction of Yeztugo helped Gilead Sciences achieve profits that surpassed Wall Street's forecasts [1]

Amazon.com forecast quarterly revenue largely below Wall Street estimates on Thursday, hurt by a weaker retail business as strong demand for its cloud services as businesses continue to spend relentle... ...

Core Viewpoint - Medical device maker Dexcom exceeded Wall Street estimates for third-quarter results, driven by strong demand for its continuous glucose monitoring systems [1] Company Summary - Dexcom reported robust performance in the third quarter, indicating a positive trend in the demand for its products [1] Industry Summary - The continuous glucose monitoring systems market is experiencing significant growth, as evidenced by Dexcom's strong quarterly results [1]

Core Insights - U.S. Federal Reserve Vice Chair for Supervision Michelle Bowman is planning to reorganize the agency's supervision and regulation division [1] - The reorganization will involve a staff reduction of approximately 30% within the unit [1] Summary by Categories Organizational Changes - The Federal Reserve's supervision and regulation division will undergo a reorganization led by Vice Chair Michelle Bowman [1] Staffing Impact - The reorganization will result in a staff cut of about 30% [1]

Core Viewpoint - Globalstar is considering a potential sale and has initiated preliminary discussions with SpaceX, among other potential buyers [1] Company Summary - Globalstar is actively exploring options for a sale, indicating a strategic shift in its business approach [1] - The company has engaged in early talks with notable entities, including Elon Musk's SpaceX, suggesting interest from major players in the industry [1]