The Rundown Netflix Posts First Sales Miss in Two Years, Novo Nordisk Fires Entire Board
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Oct 22, 2025 Gold experiences its biggest one-day drop since 2013, signaling a major shift in the market. Netflix faces a revenue miss due to a hefty tax hit but sees growth in ad sales. Novo Nordisk shakes up its entire board to refocus on its weight-loss drug rollout in the U.S. DraftKings makes waves with its purchase of Railbird to introduce a predictions app, navigating state gambling loopholes. OpenAI shakes up the landscape with its new ChatGPT Atlas browser, causing a stir for Google.
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Gold's Big Pullback May Be Profit-Taking
- Gold fell over 5% in one day, its biggest drop since 2013, after a massive 2025 rally.
- The pullback looks like profit-taking rather than a structural reversal without a new macro shock.
Netflix's Slight Miss Masked By Tax Charge
- Netflix posted $11.5 billion in Q3 revenue, up 17% but missed estimates by 0.1%, its first sales miss in two years.
- A $619 million unexpected Brazilian tax hit operating income, masking what would otherwise be an operating beat.
Host's Personal Netflix Viewing Confession
- Zaid cites recent hits like Happy Gilmore 2 and K-pop Demon Hunters as cultural momentum for Netflix.
- He admits he needs to rewatch Stranger Things before the final season, showing how content drives viewing cycles.