The US markets are on edge as election uncertainty pushes Bitcoin below $69,000. The numbers tell an interesting story. Bitcoin ETFs just saw their second-largest daily outflow ever - right before Election Day. Seems like big investors aren't too keen on taking chances with their digital gold right now. Speaking of chances, the race between Trump and Harris couldn't be closer.
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Archer-Daniels-Midland Company shares drop after reporting lower-than-expected third-quarter earnings of $1.09 per share, missing the street view of $1.25, and announcing restatements of previously filed financial reports. The company also lowered its 2024 adjusted EPS guidance to $4.50-$5.00 from $5.25-$6.25.
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Dr. Reddy's Laboratories aims to have 15 GLP-1 drugs, used to treat obesity and diabetes, in its portfolio, with various timelines, including semaglutide, whose patent expires in India in 2026. The company's Q2 FY25 results saw a 9.5% drop in net profit to ₹1,342 crore, but a 16.5% rise in revenue to ₹8,016 crore.
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