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The Marked Chart Wire · Business
HotMercadoLibre
MercadoLibre outlined a 20 percent expansion of its fulfillment network while emphasizing continued investment in affiliates and maintaining credit risk discipline.
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HotMercadoLibre
MercadoLibre reported third-quarter revenue of $10.75 billion, up 45 percent year over year, while net income came in at $448 million. The company also announced a partnership with Netflix for connected TV services in early 2027.
Toyota
Toyota Motor reported GAAP earnings per share of 185.97 yen and revenue of 26.96 trillion yen for the quarter. The company also increased its full-year forecast for fiscal 2027.
HotUber
Dara Khosrowshahi said fuel costs linked to the Iran conflict are reducing driver supply in Brazil and India. The company is increasing driver incentives and cutting rider subsidies in response.
ArcelorMittal
The steelmaker reported non-GAAP earnings per share of $1.15 and revenue of $16.47 billion, falling short of analyst forecasts by $460 million.
AI Security
Palo Alto Networks is reportedly negotiating to acquire AI security startup Clutch for $500 million.
HotSpaceX
SpaceX has partnered with Qualcomm to develop the 5G infrastructure for Starlink Mobile. The move positions the service to compete with major US wireless carriers.
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