The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.

1859 ET - Dave & Buster's Entertainment has adjusted its pricing strategy to simplify the customer experience and try to get consumers to stay longer, CEO Darin Harper tells analysts on a call. Customers have reported that the kiosk where they buy a card to use for arcade games is confusing and the price structure is difficult to figure out, Harper says. The company has simplified the kiosk experience and adjusted pricing to allow guests to play for longer. So far, time spent on the gaming floor is up 20%, Harper says. This helped boost revenue from food and dining during the quarter, as well, he says. (katherine.hamilton@wsj.com)

1856 ET - Dave & Buster's Entertainment Chief Executive Darin Harper says the company needs a marketing makeover. He tells investors on a call that the company's new chief marketing officer is the first after more than a year, and several years without consistent marketing leadership. The result was a constantly shifting promotional calendar and messaging that didn't resonate with consumers, Harper says. Dave & Buster's plans to simplify its marketing messages to be more consistent with pricing, while adding new types of games that will attract customers. Shares fall 12%.(katherine.hamilton@wsj.com)

1851 ET - Australian stocks look set to move lower at the open, following U.S. equities into the red amid higher oil prices and elevated bond yields. Local stock futures are down by 0.2% ahead of Tuesday's session, suggesting that the S&P/ASX 200 will reverse from a week-opening 0.1% advance that snapped a four-day losing streak. The benchmark index is 3.6% lower so far this month. Ahead of the open, coal miner New Hope reported a 63% fall in annual profit. Wealth manager Netwealth said it agreed to acquire advice platform Paradino for up to 29 million Australian dollars. In the U.S., the DJIA lost 0.3%, the S&P 500 fell 0.5%, and the Nasdaq Composite gave up 0.6%. (stuart.condie@wsj.com)

1846 ET - Dave & Buster's Entertainment says it has had a decline in groups coming without children. The new executive team is looking to drive demand from adults to visit, without alienating families, Chief Executive Darin Harper says on a call with analysts. Halloween will be an early opportunity for the company since the holiday falls on a Saturday this year and is a high-spending day for consumers. "It creates this unique opportunity for our business to serve family demand earlier in the day and then convert into a differentiated adult occasion at night," Harper says.(katherine.hamilton@wsj.com)

1557 ET - Health tech is most likely to be the biggest beneficiary from AI, Tempus AI Chief Executive Eric Lefkofsky says on CNBC. AI models can make sense of large amounts of unstructured disparate data, which is the form most healthcare data takes, Lefkofsky says. Tempus specializes in using AI and data to improve the efficacy of diagnostics. Lefkofsky sees AI as opening the way to personalize treatments such as vaccines based on individuals' needs and genetic makeups. (katherine.hamilton@wsj.com)

1542 ET - Some cybersecurity stocks are trading at lofty valuations following a Monday rally fueled by a sell-off in the chip sector and fears of AI cyberattacks, with names like Palo Alto Networks and CrowdStrike valued above their peak multiples in 2021. "We're definitely in a premium valuation territory," Jefferies analyst Joseph Gallo says in an interview, adding that inflecting fundamentals could support upward estimate revisions. "It's very clear that people are looking for momentum and inflection and durability, and that will ultimately justify valuations." The rally likely raises the bar for the next season of cybersecurity earnings, Gallo adds. (elias.schisgall@wsj.com)

1510 ET - Roblox used its annual developers conference to highlight expansion of its catalog to browser and App Store-based games, an offline playing option, and an AI game development tool for non-technical creators, Wedbush says in a note. The company needs to retain developers and show investors a path back toward accelerating growth, and its updates at the conference were a start, the analysts say. "Roblox has a substantial opportunity ahead and is laying the groundwork well," they write. "We need more evidence on the monetization side, and specifically on the timeline for these initiatives to show up in bookings, before turning more constructive." They keep a perform rating but raise their price target to $48 from $40. Wells Fargo and Bank of America also lift their price targets on the stock. Shares gain 11%.(elias.schisgall@wsj.com)

1425 ET - Unity Software and AppLovin both have ample room to grow, despite some investors' concerns that the companies will eat into each others' businesses, Morgan Stanley analysts say. The analysts think the mobile-app advertising market has enough room to support continued growth for both companies. The market is worth roughly $80 billion and currently has a conversion rate of roughly 1%, the analysts say. Improved targeting allows ad networks to get more conversions from the same number of impressions. That has helped AppLovin grow faster than the market, and Unity is now in the early stages of a similar journey, they say. (katherine.hamilton@wsj.com)

1334 ET - UBS analysts expect Callaway Golf to generate more Ebitda this year and next than they previously anticipated, boosted in part by lower tariff costs. Still, the analysts say they are slightly lowering back half revenue estimates as they still remain at the midpoint of the revenue guide. "Upside for the full year has come largely from margin, and we had been flagging upside to margin partially from lower tariffs," the analysts say. They cut the stock's price target to $17 from $19 after updating the estimates and rolling valuation forward to the end of 2028. Callaway Golf is off 1.6%. (elias.schisgall@wsj.com)

1315 ET - Policymakers need to get in the same room with AI company leaders this week to address the latter group's request for more industry oversight and slower development of the technology, Melius Research analysts say in a research note. Anthropic CEO Dario Amodei has called for national legislation requiring frontier-model testing, employee-level access for external evaluators and tighter controls for adversaries in China, they say. Some senators are drafting a bipartisan bill that could be introduced this week, which would likely try to impose a "duty of care" on frontier developers, the analysts say. That would give the government authority to block an unsafe model release and create a framework for labs to test for catastrophic cyber, biological and nuclear capability, they say. (dean.seal@wsj.com)

1255 ET - Volkswagen's restructuring plan is a potential game changer but the assumptions and targets seem demanding, Morgan Stanley analysts say in a note. Executing the plan--reducing capacity and cost, adding flexibility and speed to market--would make the analysts more positive on VW. "We see many low hanging fruit and think that VW has room to fund a good part of that restructuring via nonstrategic asset disposals," MS says. Nevertheless, right now some of the plan depends on potentially bumpy negotiations with unions, which could generate positive and negative news flow in the second half, according to MS. Volkswagen shares closed at 81.46 euros.(sarah.sloat@wsj.com)

1247 ET - Among the takeaways from Anthropic CEO Dario Amodei's calls this weekend to slow AI development was confirmation that Recursive Self Improvement, self-improving AI models, are being deployed across the industry, Melius Research analysts say in a research note. Amodei warned that the acceleration of RSI introduces a spate of new risks. But the admission is also a huge catalyst for compute demand, the analysts say. RSI runs on inference with thousands of agents constantly writing code, launching experiments and reading results, they say. Slowing upfront model training doesn't stop that loop, and arguably just redirects compute budgets elsewhere, the analysts say. "The models RSI produces are better and cheaper per token and every price cut in the last two months has been met with more consumption," they say.