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Shares of Pinduoduo Inc. (PDD.O) fell more than 10% after the company’s quarterly profit unexpectedly declined.

2026-05-27

Shares of Pinduoduo Inc. (PDD.O) fell more than 10% after the company’s quarterly profit unexpectedly declined.

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2026-05-27

The German DAX 30 index opened 105.64 points higher, or 0.42%, at 25311.56 on Wednesday, May 27th; the UK FTSE 100 index opened 6.31 points lower, or 0.06%, at 10485.08 on Wednesday, May 27th; and the French CAC 40 index opened 26.64 points higher, o

The German DAX 30 index opened 105.64 points higher, or 0.42%, at 25311.56 on Wednesday, May 27th; the UK FTSE 100 index opened 6.31 points lower, or 0.06%, at 10485.08 on Wednesday, May 27th; and the French CAC 40 index opened 26.64 points higher, or 0.33%, at 8199.75 on Wednesday, May 27th. The Stoxx 50 index opened 27.39 points higher, or 0.45%, at 6089.95 on Wednesday, May 27. The Spanish IBEX 35 index opened 75.39 points higher, or 0.41%, at 18366.29 on Wednesday, May 27. The Italian FTSE MIB index opened 105.28 points higher, or 0.21%, at 50004.50 on Wednesday, May 27.
2026-05-27

Cognition AI Inc. raised over $1 bln in its latest funding round, taking its post-money valuation to $26 bln, according to an announcement the startup is scheduled to release on Wednesday. The round was co-led by VCs Lux Capital, General Catalyst and

Cognition AI Inc. raised over $1 bln in its latest funding round, taking its post-money valuation to $26 bln, according to an announcement the startup is scheduled to release on Wednesday. The round was co-led by VCs Lux Capital, General Catalyst and 8VC; other participants included Ribbit Capital, Atreides Management LP and Peter Thiel’s Founders Fund. The post-money valuation is more than double the firm’s valuation at its prior financing in September last year, a development that further evidences strong market demand for AI-assisted software development companies.
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