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

1755 ET - Nike's Pace plan to transform its operational model involves trimming its workforce. "The final part of Pace is enhancing the way we work across Nike, which will change the shape and size of our workforce, Chief Executive Elliott Hill says during a call with analysts. Nike will eliminate duplication in some areas to reduce the overall number of roles across the company, Hill said. Pace is designed to streamline decision-making and create savings to invest, as the company looks to return to sales growth. (katherine.hamilton@wsj.com)

1734 ET - Nike says one of its main priorities in its turnaround is its sportswear business, which saw sales decline by a low-double-digit percentage in the most recent quarter. The decline in sportswear sales reflected a combination of deliberate actions by management, along with product underperformance and broader market-wide pressure, Chief Executive Elliott Hill says on a call with analysts. Hill says there is a "lack of energy" in the lifestyle footwear industry right now, which is driving down traffic and creating excess inventory. Nike is aiming to diversify its sportswear industry to move away from the "sea of sameness" that has plagued the marketplace, Hill says. (katherine.hamilton@wsj.com)

1655 ET - Nike is changing its operating model under a program called Pace, which is expected to deliver about $2.5 million in cumulative savings through fiscal 2031. Pace includes efforts to modernize Nike's global supply, establish a new campus in India, realign to three geographies and streamline the organization to reduce costs. As part of the program, Nike expects $1 billion in charges primarily related to employee-related costs. (katherine.hamilton@wsj.com)

1520 ET - AppLovin investors shouldn't get too excited by an apparent acceleration in adoption of the company's e-commerce web-tracking pixel. Wells Fargo analysts say the rise in new pixels has been driven by low-to-no-traffic sites in the Asia Pacific region. "Inflection appears to be a false start," the analysts wrote, adding that the numbers may reflect a data error. "We don't observe a meaningful inflection in pixel additions when weighting pixels by web traffic," they write. The analysts add that AppLovin is early in its new e-commerce partner strategy, and an inflection in customer growth probably won't come before next year. Shares are down 2.7% at $282.64, and earlier touched a 52-week low of $275.13. (elias.schisgall@wsj.com)

1407 ET - Canada may be on the cusp of a liquefied natural gas watershed moment, according to CIBC analysts. In a report, the analyst says that while the country has long been viewed as an attractive jurisdiction for LNG development, red tape and restrictive environmental policies were limiting. Now, CIBC analysts say that "the new federal government has launched several domestic and international initiatives that have renewed focus on Canada's LNG export potential." They say that sanctioning of LNG Canada Phase 2 marks a potential turning point for the sector where "a more supportive policy environment, efforts to streamline approvals for major projects, and renewed engagement with international buyers, set this cycle apart from those prior." (adriano.marchese@wsj.com)

1252 ET - Accenture recorded $84.5B in new bookings in its latest fiscal year because of its strategy to hone in on big transformational deals, AI and data, CEO Julie Sweet says. "We're firing on all cylinders because we have stayed focused on what our clients need," Sweet says during an appearance on CNBC. Sweet says companies need to change the way they operate to get value out of AI. "We're that bridge between AI and outcomes." (kelly.cloonan@wsj.com)

1221 ET -- Abu Dhabi leads major Gulf stocks lower, with its benchmark index falling 0.7%. Qatar's QE Index declines 0.6%, while the Dubai Financial Market General Index and Saudi Arabia's Tadawul All Share Index each lose 0.5%. The MSCI GCC Index fell 3.5% in September, its steepest monthly decline in 10 months, as geopolitical risks, higher oil prices and expectations for higher-for-longer interest rates weighed on regional markets, Kamco Invest says. The weakness was broad-based across sectors, with banks and energy both falling around 2%, while real estate was the only sector to gain. (farhan.rafid@wsj.com)

1139 ET - Enerflex could be looking at roughly $450 million of potential revenue from its 450 megawatt power award, and it is preparing for more. The company won a major Engineered Systems award for behind-the-meter natural gas-fired generation for a North American data center developer as digital infrastructure providers look for energy outside of regional electric grids. In a TD Cowen report, analyst Aaron MacNeil estimates that the company is looking at roughly $1 million per megawatt of power for the contract--revenue that will be realized through 2027 and 2028--and which will be incremental to TD's forecast. "This single award is meaningfully above our existing assumption of $50 million/quarter of power-related ES [Engineered Systems] revenue," MacNeil says. Shares are up 15%. (adriano.marchese@wsj.com)

1128 ET - As Accenture looks to help its clients go all in on AI, the professional-services firm says it's also embracing the technology internally. "AI is making both our own delivery and the technologies we implement more efficient, consistent with prior technology waves," CEO Julie Sweet says during a call with analysts. "Our strategy is to lean into these efficiencies precisely because they create value for our clients, while continuing to invest and rotate our capabilities to capture the larger growth opportunities AI creates." (kelly.cloonan@wsj.com)

1117 ET - Enerflex is accelerating its push into the world of digital infrastructure, securing a contract to supply 450 megawatt of off-grid, natural gas-fired power generation for a North American data center developer. The strain from energy bottlenecks has forced digital infrastructure providers to seek out alternatives to bypass local and regional grids, connecting directly to power sources, such as nuclear or gas-powered. Enerflex is committing $15 million in 2026 capex and authorizing $85 million for facility expansions in 2027 to improve its Engineered Systems capacity. CEO Paul Mahoney says the company has over 2 gigawatts of opportunity pipeline to tap into and to convert into "meaningful commercial awards." Shares are up 17%. (adriano.marchese@wsj.com)

1106 ET - Accenture sees AI as a tailwind for its business, a belief that runs counter to investors' concerns in recent months over whether the technology could replace some of the work it does for clients. "We continue to believe the opportunities related to AI are greater than the impact of AI related efficiencies in our business, and we expect that to continue as AI enables enterprises to do much more," CEO Julie Sweet says during a call with analysts. The comments come alongside better-than-expected quarterly results. The stock gains 18% to $217.45, on pace for its largest percent increase on record. (kelly.cloonan@wsj.com)

0942 ET - Competition from new brands selling soccer products seems positive for the sporting goods industry, says Regis Schultz, chief executive of JD Sports Fashion. Earlier this month, Swiss sports company On Holding said it would expand its portfolio to include soccer products after signing Real Madrid star Kylian Mbappe-who is leaving its partnership with Nike--to serve as the face of the new category. On also intends to branch out into golf, seeking to boost its profile as a global sport-products retailer. "Having a new way of looking at [soccer] is great," Schultz says. "It is always good to have innovation and it shows that there are things to be done in our industry," he says.