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By DEE-ANN DURBIN

Beyond Meat’s shares briefly sizzled Wednesday before heading back down again.

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The plant-based meat company’s shares more than doubled early Wednesday before closing at $3.58 per share, which was down 1%. Still, it was a surprising comeback for a stock that was trading at an all-time low of 50 cents per share late last week.

Investors cheered Beyond Meat’s announcement Tuesday that it’s increasing the availability of some of its products at U.S. Walmart stores. Beyond Meat said that its chicken pieces, Korean BBQ-style steak and burger six-packs will now be easier to find in more than 2,000 Walmart stores. read more

By BERNARD CONDON

NEW YORK (AP) — Tesla reported a fourth straight decline in quarterly profit even as sales rose, triggering a drop in its shares in after-hours trading.

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The car company run by Elon Musk reported third-quarter earnings plunged 37% to $1.4 billion, or 39 cents a share, from $2.2 billion, or 62 cents a share, a year earlier. That marked the fourth quarter in a row that profit dropped. And even the revenue rise, a welcome relief from a sales plunge earlier in the year due to anti-Musk boycotts, came with significant caveat: Customers rushed to take advantage of a $7,500 federal EV tax credit before it expired on Oct. 1, possibly stealing sales from the current quarter. read more

WEST PALM BEACH — Transportation Security Administration employees on Wednesday described in detail their financial hardships — bracing for not getting their much-needed paychecks by the end of this workweek.

They shared their stories as congressional leaders in Palm Beach County called for the end of the federal government shutdown.

U.S. Reps. Lois Frankel and Sheila Cherfilus-McCormick, South Florida Democrats, joined members of the American Federation of Government Employees — a federal employee union — on Wednesday for a news conference aimed at urging federal lawmakers, particularly Republicans, to negotiate an end to the shutdown.

The shutdown began on Oct. 1 after Republican and Democrat lawmakers failed to agree on a short-term budget, with one of the primary contentions being whether tax subsidies should remain for those who get their health insurance through the Affordable Care Act.

Frankel and Cherfilus-McCormick are among the Democrats who want to preserve the subsidies, fearing skyrocketing premiums if the subsidies were to vanish. “Democrats have taken the position that we will not vote for a budget that cuts millions of people out of health care,” Frankel said at the news conference outside of Palm Beach International Airport. read more

By MATT O’BRIEN, Associated Press

Social media platform Reddit sued the artificial intelligence company Perplexity AI and three other entities on Wednesday, alleging their involvement in an “industrial-scale, unlawful” economy to “scrape” the comments of millions of Reddit users for commercial gain.

Reddit’s lawsuit in a New York federal court takes aim at San Francisco-based Perplexity, maker of an AI chatbot and “answer engine” that competes with Google, ChatGPT and others in online search.

Also named in the lawsuit are Lithuanian data-scraping company Oxylabs UAB, a web domain called AWMProxy that Reddit describes as a “former Russian botnet,” and Texas-based startup SerpApi.

It’s the second such lawsuit from Reddit since it sued another major AI company, Anthropic, in June.

But the lawsuit filed Wednesday is different in the way that it confronts not just an AI company but the lesser-known services the AI industry relies on to acquire online writings needed to train AI chatbots. read more

Wendy Lee and Caroline Petrow-Cohen, Los Angeles Times

LOS ANGELES — Inside a historic aircraft hangar in Playa Vista, crowds of people gathered on Thursday to browse the latest fashions from handbags to clothing and shoes as they prepared for the holiday shopping season.

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These weren’t shoppers or retailer buyers searching for the latest products. Instead, they were YouTube video creators who were being courted by brands from Lowe’s to Shark Beauty to encourage online audiences to buy their products. read more