Goldman Sachs 3Q Profit Tops Estimates by 48%

The video discusses key financial news before the market opens. It covers Netflix's subscriber growth slowdown due to a price increase, leading to a significant stock value drop. The Shire and AbbVie merger failed due to changes in tax rules, highlighting the deal's instability. Goldman Sachs reported a 48% profit rise in Q3, attributed to cost-cutting and reduced risk exposure, setting a trend for other banks.

What was the main reason for Netflix's stock losing a quarter of its value?

• A new competitor entering the market

• A significant drop in international subscribers

• A $1 increase in monthly subscription price

• A major technical glitch in the service

Why did AbbVie's board advise against the takeover of Shire?

• A better offer from another company

• Internal disagreements within AbbVie

• A sudden drop in Shire's stock price

• Changes in tax rules affecting the deal's rationale

What impact did the changes in tax rules have on the Shire and AbbVie deal?

• They undermined the deal's rationale

• They had no impact on the deal

• They made the deal more attractive

• They led to an increase in Shire's stock price

What was one of the reasons for Goldman Sachs' profit increase in the third quarter?

• Expansion into new international markets

• Cutting costs by reducing employee compensation

• A merger with another major bank

• Launching a new financial product

How did Goldman Sachs prepare for potential market volatility in the fourth quarter?

• By increasing their investment in high-risk assets

• By reducing their exposure to risk

• By hiring more financial analysts

• By diversifying into new industries