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Real-time News
On August 5th, Shopify (SHOP.N) shares rose 33.8% in pre-market trading after its third-quarter revenue outlook exceeded market expectations. Shopify stated that it expects its revenue to grow by "just over 30%." This growth rate would be higher than Wall Streets previous expectation of 27%, and would mark the sixth consecutive quarter that the companys revenue growth has exceeded 30%. Analyst Anurag Rana stated in a report that rising AI costs were expected to compress profit margins as the quarter began. Shopify stated in its May earnings call that more than half of its code is generated by AI.Novo Nordisk (NVO.N): The price dynamics of Wegovy injections in the United States are the same as at the beginning of the year.Shopify (SHOP.N) shares surged more than 30% in pre-market trading after second-quarter revenue beat expectations.Shopify (SHOP.N) shares extended gains to 20% in pre-market trading.The MBA 30-year fixed mortgage rate in the United States was 6.81% for the week ending July 31, compared with 6.76% previously.
