Today: 7 February 2026
Subscribe
Browse Category

Business News News 4 February 2026

Novo Nordisk stock plunges as 2026 sales warning fuels price-war fears around Wegovy

Novo Nordisk stock plunges as 2026 sales warning fuels price-war fears around Wegovy

Novo Nordisk shares fell 16% in Copenhagen after the company warned 2026 sales and profit may drop up to 13% due to falling U.S. drug prices and tougher competition. ADRs slid nearly 4% in New York. Novo plans a share buyback of up to 15 billion Danish crowns and named Jamey Millar as its new U.S. head. CEO Mike Doustdar said Wegovy price cuts have hit results but are meant to boost future demand.
4 February 2026
·····
Netflix stock rebounds as Senate grilling sharpens focus on the Warner deal

Netflix stock rebounds as Senate grilling sharpens focus on the Warner deal

Netflix shares rose 1.5% to $81.14 Wednesday morning after co-CEO Ted Sarandos faced Senate antitrust questions over the company’s $82.7 billion bid for Warner Bros Discovery. Lawmakers raised concerns about competition and consumer impact. Investors are watching for a Warner shareholder vote in March and a rival bid deadline on Feb. 20.
4 February 2026
·····
SanDisk stock price jumps again as “memory shortage” bets keep SNDK in play

SanDisk stock price jumps again as “memory shortage” bets keep SNDK in play

Sandisk shares rose 4.5% to $695.51 in early trading Wednesday, with volume near 808,000. The company extended its flash supply deal with Kioxia through 2034 and raised its revenue forecast, prompting several brokerages to lift price targets. Sandisk posted Q2 revenue of $3.025 billion and expects Q3 revenue up to $4.8 billion. Next earnings are scheduled for May 7, 2026.
4 February 2026
·····
Accenture stock price: ACN steadies premarket after Tuesday’s rout as AI disruption fears linger

Accenture stock price: ACN steadies premarket after Tuesday’s rout as AI disruption fears linger

Accenture shares fell 0.2% to $240.68 premarket Wednesday after plunging 9.59% Tuesday, as investors reassess software and IT services stocks on fears AI agents could disrupt business models. The S&P software and services index has dropped over 12% in five sessions. CEO Julie Sweet filed to sell 5,500 shares. Cognizant forecast full-year revenue above estimates, citing strong AI demand.
4 February 2026
········
Uber shares slide after earnings miss: cheap rides squeeze margins as robotaxi bets grow

Uber shares slide after earnings miss: cheap rides squeeze margins as robotaxi bets grow

Uber missed Q4 earnings estimates and projected Q1 adjusted EPS below forecasts, sending shares down over 8% premarket. Q4 revenue rose 20% to $14.37 billion, with trips and gross bookings each up 22%. CFO Prashanth Mahendra-Rajah will step down. Uber flagged a UK accounting change that will reduce reported mobility revenue margins.
4 February 2026
····
GSK beats 2025 sales targets — but new CEO warns 2026 growth will cool

GSK beats 2025 sales targets — but new CEO warns 2026 growth will cool

GSK forecast slower revenue growth of 3% to 5% for 2026 under new CEO Luke Miels, citing weaker vaccine and general medicines sales. Shares rose 1.4% after an initial drop. Q4 core earnings per share reached 25.5 pence, with sales up 8% to £8.62 billion. The company is reviewing cost-saving measures and manufacturing changes but has not announced immediate cuts.
4 February 2026
····
Saks pulls plug on “Saks on Amazon” as luxury e-commerce bet unravels in bankruptcy

Saks pulls plug on “Saks on Amazon” as luxury e-commerce bet unravels in bankruptcy

Amazon will continue its luxury storefront without Saks Fifth Avenue as Saks Global ends their partnership during its Chapter 11 restructuring. Saks is closing 62 off-price outlets and shifting focus to Saks.com. Amazon, a stakeholder in Saks, is disputing parts of Saks’ bankruptcy financing in court. The split follows limited brand participation in the “Saks on Amazon” venture.
4 February 2026
···
Disney stock slips after-hours as Josh D’Amaro picked as next CEO, parks outlook back in focus

Disney stock slips after-hours as Josh D’Amaro picked as next CEO, parks outlook back in focus

Disney shares fell 0.2% to $104.22 in after-hours trading Tuesday after naming parks chief Josh D’Amaro as CEO, effective March 18. The company reported $26.0 billion in fiscal Q1 revenue and record Experiences segment results, but warned of weaker international attendance at U.S. parks. Investors are watching for early signs of parks demand and streaming profits ahead of the leadership transition.
4 February 2026
····
GE Vernova stock pops above $780 on Xcel deal as debt funding grabs attention

GE Vernova stock pops above $780 on Xcel deal as debt funding grabs attention

GE Vernova shares rose 3.3% to $780.25 in after-hours trading Tuesday after Xcel Energy signed a long-term supply deal for turbines and grid equipment. GE Vernova also completed its $5.28 billion purchase of Prolec GE and launched a $2.6 billion senior notes offering to help finance the deal, according to SEC filings.
4 February 2026
······
1 … 3 4 5 6 7 … 89

Stock Market Today

Verizon stock price snaps 7-day run as consumer chief exit sharpens focus on turnaround

Verizon stock price snaps 7-day run as consumer chief exit sharpens focus on turnaround

7 February 2026
Verizon shares fell 1.7% to $46.31 Friday, ending a seven-session rally and closing about 2.7% below Thursday’s one-year high. The dip follows news that consumer chief Sowmyanarayan Sampath will step down, with Alfonso Villanueva named interim head. Verizon has climbed 16% since January 29 amid strong subscriber growth and a $25 billion buyback plan.
Cisco stock jumps 3% near $85 as UBS sticks with Buy ahead of Feb. 11 earnings

Cisco stock jumps 3% near $85 as UBS sticks with Buy ahead of Feb. 11 earnings

7 February 2026
Cisco shares rose 3% to $84.82 Friday, nearing $85 ahead of fiscal Q2 results due Feb. 11. UBS maintained a Buy rating and $90 target, citing strong product order growth and data-center demand. Investors are watching AI-related spending and U.S. economic data that could affect rates. Peers Fortinet, CrowdStrike, and Palo Alto Networks also gained.
Go toTop