NEW YORK--(BUSINESS WIRE)--Nov 13, 2026--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Baidu, Inc. (“Baidu” or the “Company”) (NASDAQ: BIDU) and reminds investors of the November 13, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that the Company had overstated the ability of its AI business to mitigate rapid declines in its legacy online marketing business; (2) that, as a result, the Company’s revenue was reasonably likely to decline; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On August 18, 2026, before the market opened, the Company reported second quarter 2026 financial results, revealing that Baidu General Business revenue fell 4% year over year to RMB25.2 billion (or $3.71 billion), with Legacy Business revenue falling 23% year over year to RMB10.4 billion and total Online Marketing Services revenue falling 19% year over year to RMB13.1 billion. Critically, the Baidu Core AI-powered business fell 8% quarter over quarter to RMB12.5 billion (or $1.86 billion), its year-over-year growth having decelerated from 49% in the first quarter of 2026 to 25%, and its largest component, AI Cloud Infra, having fallen 17% quarter over quarter from RMB8.8 billion to RMB7.3 billion.
On this news, the price of Baidu ADS fell $13.25 per share, or 12.73%, to close at $90.87 on August 18, 2026, thereby injuring investors.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Baidu’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Baidu class action, go to www.faruqilaw.com/BIDU or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Frequently Asked Questions (FAQ) for Investors Regarding the Baidu Securities Class Action Lawsuit:
What is the Baidu securities fraud lawsuit about?
The lawsuit alleges Baidu misled investors about its AI business’s ability to offset declines in its legacy online marketing business and failed to adequately disclose the risk of declining revenue.
Who may be eligible to participate in the lawsuit?
Investors who purchased or acquired Baidu (NASDAQ: BIDU) securities between November 18, 2025 and August 17, 2026 may be eligible if they suffered losses.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff represents the proposed class during the litigation. Eligible investors must file a motion with the court by November 13, 2026. Investors may participate without serving as lead plaintiff.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Baidu securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
BIDU CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Baidu (NASDAQ: BIDU) Investors of Securities Class Action Lawsuit Deadline on November 13, 2026
Following a historic blue wave of midterm election wins, Democrats are gathering in Denver for a What’s Next conference hosted by a new group called Majority Democrats.
President Donald Trump wants Vice President JD Vance to talk less about the Iran war and more about corruption and crime in Democratic-controlled cities and states. Vance's blunt post-election analysis blaming the war and its economic reverberations for the sweeping Republican losses was getting attention.
And the sweeping Democratic gains in Congress are teeing up an onslaught of expected investigations into the Justice Department, which has functioned for nearly two years as an extension of the White House, unchecked by a Republican-controlled Congress as it pursued investigations into Trump’s enemies, fired waves of career employees and defended the administration in ways that judges across the country repeatedly deemed legally dubious.
Here's the Latest:
Few echoed Trump’s argument in a social media post this week that there were problems with the election. In conceding her closely fought Senate contest in Mississippi, Republican Sen. Cindy Hyde-Smith said she would “respect the decision” of voters.
And several Republicans, including Sens. Joni Ernst of Iowa, Tim Scott of South Carolina and John Cornyn of Texas and Rep. Mike Lawler of New York, posted pictures of incoming Democrats in a nod toward postelection unity.
Rep. James Comer of Kentucky meanwhile pushed back against White House warnings that oversight could amount to “blatant criminality.”
“Regardless of who is in the White House, there’s always going to be a strong desire for the Oversight Committee to be a check and balance on the executive branch,” said Comer, who oversaw extensive investigations of Democratic President Joe Biden as House Oversight chairman.
It’s perhaps their biggest question going forward. Trump’s policies on trade and the war in Iran contributed to voter discontent with the GOP, and now that he’s in the last two years of his second term, the election defeats challenge the durability of his Make America Great Again movement.
But House Republicans showed no rush to distance themselves from the president as even his critics helped block an effort to impeach Defense Secretary Pete Hegseth.
Only Kentucky Rep. Thomas Massie, who led the push alongside Democrats, broke ranks.
“What I found out tonight is they still haven’t broken from the spell of Donald Trump,” Massie said after the vote. “He still controls this conference.”
Sen. Josh Hawley, R-Mo., unsuccessfully sought to delay his party’s leadership elections in the Senate, arguing for a different approach.
“You cut rural healthcare spending, when you abandon pro-lifers, when you abandon the poor, when you abandon the needy, when you abandon working people, you’re gonna get your butt kicked,” Hawley said. “And you’re gonna deserve it.”
Hawley and a small group of conservatives huddled for hours in the Old Senate Chamber arguing for a consideration of alternatives to John Thune of South Dakota. But no one came forward.
“It’s a bad job,” Hawley acknowledged before Republicans ultimately backed Thune without so much as a voice vote.
“We’re going to let our leader be the leader,” said Sen. Bernie Moreno, R-Ohio, who will lead party efforts to regain seats in 2028.
Republicans are weighing how to proceed, balancing calls for moderation against an impulse for hard-line positions that might reenergize the party’s base. Each chamber took different tracks, previewing divisions that may lie ahead.
In the House, the Republicans who will remain in Washington next year largely represent staunchly conservative districts where Trump remains popular. Their decision to elect Ohio Rep. Jim Jordan as their next leader reflected a fighting stance.
Jordan is a co-founder of the conservative House Freedom Caucus, currently chairs the Judiciary Committee and has previously chaired the Oversight Committee. From those positions, he’s waged heated fights against Democrats and become a top Trump ally.
“The way that Jim fights says a lot about where this conference is,” said Rep. Brian Mast, R-Fla.
There was widespread frustration that Republicans who were awarded full control of the White House and Congress just two years earlier had lost touch with voters.
“We collectively failed,” said Rep. Lauren Boebert, R-Colo., who is trailing her Democratic challenger in a district Republicans carried by more than 18 percentage points in 2024. “The American people let us know we have failed in this governing experience for this Congress.”
The anger is sharp in part because of the rosy predictions from top Republicans ahead of the election. House Speaker Mike Johnson had insisted the polls were wrong and Republicans would retain their majority. Back on Capitol Hill this week, Johnson blamed voters, saying they made the “wrong choice.”
Rep. Virginia Foxx, R-N.C., who is also trailing a Democratic rival, said people kept telling her she couldn’t lose. But she knew otherwise.
“I couldn’t get anybody to listen to me,” she said. “People just didn’t think it could happen, but we knew it could.”
The chair of the House GOP’s campaign arm wanted a triumphant return to Capitol Hill this week after steering Republicans to another majority. Instead, the North Carolina Republican is facing the reality that he and dozens of colleagues will soon clear out their offices.
“It was really people coming out to send a message,” Rep. Richard Hudson told The Associated Press. “They, rightly so, felt gas was too high, things were too expensive.”
“The mistake Republicans made,” he added, “is we didn’t convey to them that we cared about that and cared about them.”
Trump on Thursday heaped praise on Mississippi’s Sen.-elect Scott Colom for courting some of his hardcore MAGA supporters in the final days of the midterm election campaign, a rare example of the Republican president showing admiration for a Democrat.
When the president traveled to Corinth, Mississippi, last month to campaign for incumbent Republican Sen. Cindy Hyde-Smith, Trump denigrated Colom as a “Marxist radical,” a “fake” and a “shameless phony who pretends to be a moderate.”
But on Thursday, during an appearance on Stephen A. Smith’s “Straight Shooter” podcast, Trump acknowledged that Colom demonstrated chutzpah by showing up at the Trump rally to mingle with some of the Republican president’s staunchest “Make America Great Again” supporters.
“I heard it the other day, where I had a rally there, and we had lines that went 10 miles long, and he campaigned on that line, telling everybody on the line what a good job he did,” Trump said of Colom, a 43-year-old local prosecutor who capitalized on the electorate’s discontent with the economy in his successful underdog campaign. “I give him a lot of credit for that.”
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Fresh off the best electoral performance in half a century, Democratic officials and strategists converged on Denver Thursday to plot a further course for the party and revel in their gains.
The two-day What’s Next conference, hosted by a new group called Majority Democrats, was put on politicos’ calendars months ago as another stepping stone as the party charted its way out of its post-2024 political wilderness.
Now Democrats will have to figure out what to do with majorities in both chambers of Congress and control of at least 12 new state legislative chambers.
“The fever has broken. The fog has lifted,” said Mitch Landrieu, the former Democratic mayor of New Orleans. “And now it falls upon us to rebuild the foundation of this great nation and to fulfill the promise of America.”
Barely a week after voters repudiated Trump and his Republican Party, Texas Sen.-elect James Talarico said Democrats must work with him. Voters are hungry for results and can’t wait two years for Trump to leave office, he said, urging Democrats to avoid both intraparty fights and excessive caution.
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The Justice Department has functioned for nearly two years as an extension of the White House, unchecked by a Republican-controlled Congress as it pursued investigations into President Donald Trump’s enemies, fired waves of career employees and defended administration stances that judges across the country repeatedly deemed legally dubious.
Now, sweeping Democratic gains in Congress have shifted the balance of power in Washington, teeing up an onslaught of expected investigations into those actions and others as well as scrutiny from the majority party that the current Justice Department had until now managed to skirt.
The department has, at least publicly, appeared unbowed by the altered landscape.
Attorney General Todd Blanche says the department will cooperate with Congress but has also insisted that “we will not back down” from the Republican president’s agenda. Meanwhile, a top aide told prosecutors on a call to prepare to be on “wartime” footing and a U.S. attorney publicly warned a top Democrat about planned congressional investigations.
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President Donald Trump on Thursday directed Vice President JD Vance to shift his focus away from the Iran war and instead devote himself to fighting what the president says is corruption and crime in Democratic-controlled cities and states.
Vance, who served as the lead negotiator for a short-lived truce in the eight-month-old war, has been blunt in blaming the war — and the economic reverberations it has caused — for Republicans’ sweeping losses in last week’s midterm elections in the United States.
But Trump brusquely told the vice president in a social media post Thursday to shift his energies away from the Iran war to what he argues is a more pressing — and perhaps more politically salient — issue after Republicans were trounced at the polls.
Trump earlier this week said he believed the war “militarily is effectively over,” and appeared to double down on that message by pointedly directing Vance “to focus his complete and total attention” on his anti-fraud campaign.
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Sen.-elect Abdul El-Sayed, D-Mich., walks with reporters in the Senate Subway, Tuesday, Nov. 10, 2026, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
James Talarico, senator-elect of Texas, speaks during a Democratic conference Thursday, Nov. 12, 2026, in Denver. (AP Photo/David Zalubowski)
Rob Sand, governor-elect of Iowa, speaks during a Democratic conference Thursday, Nov. 12, 2026, in Denver. (AP Photo/David Zalubowski)
House Minority Leader Hakeem Jeffries, D-N.Y., discusses his agenda with reporters at the Capitol in Washington, Thursday, Nov. 12, 2026. (AP Photo/J. Scott Applewhite)
U.S. Rep.-elect Bob Brooks, front left, U.S. Rep.-elect Paige Cognetti, back left, both of Pennsylvania, U.S. Senator-elect Josh Turek, front right, of Iowa and U.S. Rep.-elect Jamie Ager of North Carolina respond to questions from a moderator during a Democratic conference Thursday, Nov. 12, 2026, in Denver. (AP Photo/David Zalubowski)
