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.

In what ways did the changes in tax rules affect the Shire and AbbVie deal?

What does the term 'bad volatility' refer to in the context of Goldman Sachs' outlook?