Enphase Energy, Inc. reported disappointing financial results for Q3 2023, with revenue missing expectations and a weak outlook for the current quarter. This led to a significant drop in the company's stock price, reaching its lowest level since October 2020. Oppenheimer analyst Colin Rusch downgraded Enphase's stock, citing industry uncertainty and the company's lower revenue forecast for Q4. Overall, Enphase's performance and guidance have negatively impacted investor sentiment, resulting in a decline in the stock price.
T-Mobile has been targeted in a significant cyber-espionage operation by Chinese hackers, affecting multiple telecom networks globally. Despite the breach, T-Mobile reports no significant impact on its systems or customer data.
The US FDA has approved Syndax Pharmaceuticals' Revuforj, a menin inhibitor, for treating relapsed or refractory acute leukemia with KMT2A translocation in both adults and children.
Super Micro Computer Inc. faces a critical deadline to avoid delisting from the Nasdaq due to delayed financial filings and accounting issues. Despite challenges, the company is working on a compliance plan to maintain its listing.
Boeing has announced the appointment of Tim Buckley, former CEO of The Vanguard Group, to its Board of Directors, effective January 1, 2025. Buckley will bring his extensive experience in investment management to Boeing's Finance and Governance & Public Policy committees.
Apple has removed the US-funded Radio Free Europe/Radio Liberty news app from the Russian App Store following a request from the Russian government, highlighting ongoing tensions over media censorship.
Commerzbank and UniCredit have held a second round of talks focusing on Commerzbank's third-quarter earnings, with no discussion of a potential merger.
Elon Musk has expanded his lawsuit against OpenAI, adding Microsoft as a defendant and alleging antitrust violations. The lawsuit accuses OpenAI and Microsoft of monopolistic practices in the generative AI market.
Mukesh Ambani's Reliance Industries is urging India's telecom regulator to reconsider the allocation method for satellite spectrum, challenging the administrative approach favored by Elon Musk's Starlink and Amazon's Kuiper.