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Moderna lifts 2026 growth outlook to 15–25% after 29% Q3 jump Panama’s $8.5B Bet: The Canal That Wants to Be More Than a Canal Microsoft reportedly winds down Oracle AI-computing deal; Oracle falls 4% Up 1,500, down 1,800: Wall Street’s wildest week since the 2025 tariff crash Fox closes $22B Roku takeover months ahead of schedule Nikkei, Kospi plunge 6% as AI crash spreads to Asia Nasdaq crashes 5.5% as $2.5 trillion vanishes in AI rout Europe’s Stoxx 600 hits record as money rotates out of AI Toyota soars 16.7%, raises profit forecast 15% on hybrids, weak yen Europe’s defence darling, Rheinmetall, plunges 16% after second sales cut in three months

Moderna lifts 2026 growth outlook to 15–25% after 29% Q3 jump Panama’s $8.5B Bet: The Canal That Wants to Be More Than a Canal Microsoft reportedly winds down Oracle AI-computing deal; Oracle falls 4% Up 1,500, down 1,800: Wall Street’s wildest week since the 2025 tariff crash Fox closes $22B Roku takeover months ahead of schedule Nikkei, Kospi plunge 6% as AI crash spreads to Asia Nasdaq crashes 5.5% as $2.5 trillion vanishes in AI rout Europe’s Stoxx 600 hits record as money rotates out of AI Toyota soars 16.7%, raises profit forecast 15% on hybrids, weak yen Europe’s defence darling, Rheinmetall, plunges 16% after second sales cut in three months

Intelligence

BMW Q3 profit falls 11%, issues second profit warning in five months

BMW’s earnings slid on a collapsing China market and rising restructuring costs. Hours earlier, it had warned that those costs would all but wipe out its core car margin this year.

News | 4 November 2026

BMW Q3 profit falls 11%, issues second profit warning in five months

BMW’s earnings slid on a collapsing China market and rising restructuring costs. Hours earlier, it had warned that those costs would all but wipe out its core car margin this year.

Q3 pre-tax earnings fell about 11% to €2.1B, in line with expectations, while revenue fell about 6% to €30.5B. The automotive EBIT margin dropped to 3.4% from 5.2% a year earlier.

BMW’s China sales fell 24.8% in the quarter as the overall market shrank 24.6%.

The 2026 automotive margin outlook has been cut to near break-even, BMW’s second profit warning in under five months.