$2B
Prediction market Polymarket has now seen over $2 billion in betting volume on who will win the 2024 US presidential election, according to The Block. Currently, the platform gives the odds of a Trump win at 61.9% and a Harris victory at 38%.
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Palantir disputes report of flaws in Army product
Palantir says security vulnerabilities with a prototype battlefield communications product highlighted in a September 5 Army memorandum have already been addressed, according to a Bloomberg report.
The company said any conclusion that the product was seriously flawed, drawn from reports in Reuters and an online publication known as Breaking Defense, were “out of date and inaccurate.”
Separately, Army officials also told Breaking Defense that deficiencies with the battlefield communication product were “mitigated immediately.”
Going into the last hour of trading, Palantir shares were on track for their worst day since August in the wake of the reports.
Separately, Army officials also told Breaking Defense that deficiencies with the battlefield communication product were “mitigated immediately.”
Going into the last hour of trading, Palantir shares were on track for their worst day since August in the wake of the reports.
Novo says it will offer weight loss pill via telehealth, Bloomberg reports
Hims & Hers slipped after Novo Nordisk’s US head David Moore told Bloomberg that the company plans to sell its upcoming weight loss pill through its current telehealth partners.
The company's weight-loss pill recently reported encouraging results in a late stage trial.
Novo currently has partnerships with Hims competitors like Ro and Weight Watchers. Hims had a deal with Novo earlier this year, which blew up epically in less than two months.
Shopify soars after Rothschild Redburn hikes price target to $200
Shopify popped nearly 7% Friday afternoon after Rothschild Redburn reiterated its “buy” rating and raised its price target to $200 from $180, tying the highest on Wall Street and about 23% above current levels.
The firm pointed to Shopify’s new partnership with OpenAI’s ChatGPT as a key growth driver, saying it opens up a fresh sales channel that, for now, only Shopify and Etsy merchants can tap into.
Analysts also highlighted that unlike the Magnificent 7 tech names, Shopify can fold AI revenue into its model without heavy capital spending, meaning those contributions could offer a quick boost to free cash flow.
On that note, the firm also bumped its 2025 to 2027 earnings estimates by about 6% to 8%. Shopify shares have already more than doubled over the past year and are up roughly 50% year to date.
Roblox falls as options market turns against the company following a report about slowing growth
Roblox fell more than 5% on Friday morning as bearish options market bets against the company outweighed bullish ones by about three to one in early trading.
This would mark the most bearish tilt for its put/call ratio since 2022, and is fueling the largest intraday drop for the stock since August, when the company was rocked by child safety lawsuits.
Put options with a strike price of $130 that expire today have the most open interest and highest daily volume. They’ve swung from being out of the money to well in the money based on the price action so far on Friday.
Investors appear to be less optimistic about the gaming platform following an M Science report from analyst Corey Barrett that asserts that US bookings growth has “decelerated sharply” recently, slowing to the low 30% range down from the mid- to high 50% range in July.
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