Nordea Backs Guidance https://ift.tt/RngzoMK

CEO Musk warned that Tesla will face enormous challenges scaling up factory production of its long-delayed Cybertruck as the company reported a 44% drop in third-quarter profit. https://ift.tt/WUwpZkf

China’s economy is shifting into a lower gear, slowed by a prolonged downturn in the property market that had long fueled its growth. https://ift.tt/lLGukdg

The Fed should extend its pause on interest-rate increases because of growing evidence that higher borrowing costs will slow the economy, the Philadelphia Fed president said. https://ift.tt/KYDujhg

A group in the Netherlands sued Amazon on Wednesday over its alleged practice of tracking website visitors’ online activity. https://ift.tt/6RGNDCB

Demonstrators at widespread political protests in Guatemala closed roads, choking exports and causing shortages of fuel and food. https://ift.tt/7LjP6KX

The U.S. removed sanctions against Venezuela’s oil and gas sector in response to a deal between Maduro and his political opponents that could lead to a presidential election next year. https://ift.tt/MNJCeoa

Pfizer will price a course of its Covid-19 drug Paxlovid at nearly $1,400 when commercial sales begin later this year, more than double what the U.S. government has paid. https://ift.tt/6esd1EW

Jim Jordan failed again to win enough votes needed to be elected House speaker as divisions hardened among Republicans, with some lawmakers pursuing new paths to break the impasse that has paralyzed the chamber. https://ift.tt/M6qOAwY

The blast at the Al-Ahli Arab Hospital set off a wave of protests across much of theMiddle East and the broader Muslim world, some of them calling for death to Israel. https://ift.tt/N6luQYI