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Novavax’s shares plummeted over 17% following the news that the U.S. Food and Drug Administration placed a clinical hold on its application for a Covid and influenza combination shot. United Airlines saw its stock soar by 11% after reporting better-than-expected earnings and revenue for the third quarter, along with announcing a $1.5 billion share buyback. Morgan Stanley’s shares surged 7% after beating Wall Street’s forecasts with its quarterly results. Cisco Systems also experienced a 3.3% increase in its stock price after receiving an upgrade from Citi. Novocure’s stock rose by 2.1% following the FDA’s approval of its wearable treatment for metastatic non-small cell lung cancer. ASML’s shares slumped 5.8% after the company released its third-quarter earnings earlier than anticipated. J.B Hunt Transport Services saw a 3.4% increase in its shares after surpassing expectations with its top and bottom-line results. Aspen Aerogels experienced an 11% gain in its stock price after receiving a conditional commitment for a proposed Department of Energy loan. Prologis rose more than 4% after reporting better-than-expected quarterly results. U.S. Bancorp’s stock moved over 4% higher following its earnings beat in the third quarter. General Motors’ shares increased by more than 2% after reaching an agreement with Lithium Americas Corp. to establish a joint venture.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.