US:

  • The US Department of Justice is pressuring Alphabet to divest its Chrome browser due to antitrust concerns, while Google's AI investments, including a partnership with Anthropic, receive regulatory clearances and collaborations in quantum computing with Nvidia progress.
  • Nvidia's Q3 earnings report highlights revenue from Blackwell, alongside collaborations with Google Quantum AI and nVent Electric for quantum computing and cooling devices, respectively, amidst expectations of market impact due to potential Federal Reserve rate cuts and a snag in AI chip design, influencing tech stock and cryptocurrency movements.
  • Tesla's stock price surged amid reports of potential deregulation on autonomous vehicles and plans for a Berlin Gigafactory expansion, despite environmental protests and skepticism from a CIO, while President-elect Trump shows interest in technology by potentially attending a SpaceX launch, and his administration prioritizes a federal framework for self-driving vehicles.
  • Activist investor Ananym Capital Management is pressuring Henry Schein to overhaul its board, divest its medical distribution business, cut costs, and replace CEO Stanley Bergman.
  • XPeng significantly reduced its net loss for the third quarter, driven by strong sales of new car models, an 18% increase in revenue, and record profit margins.
  • Spirit Airlines has filed for Chapter 11 bankruptcy protection to restructure its debt, with the support of most of its creditors, impacting its stock market listing and leading to bondholders taking control, while aiming to enhance passenger services.
  • Medtronic raised its annual profit forecast and narrowed its fiscal year guidance after reporting a rise in fiscal Q2 non-GAAP earnings and revenue of $8.40B, surpassing street estimates and expectations.
  • Meta Platforms plans to contest India's antitrust directive prohibiting WhatsApp from sharing data with other apps, amidst broader tech stock gains and issues with Facebook scams involving Taiwanese banks.
  • Trip.com Group reported higher-than-expected third-quarter earnings and revenue, driven by robust travel demand, leading to a significant increase in non-GAAP income and a jump in share prices after hours.
  • Tuya Inc. reported a Q3 Non-GAAP net profit with an EPS of $0.04, revenue of $81.6M, a narrowing loss, and sold 13% of its shares to 65 Equity Partners.

Europe and Asia:

  • Nestlé targets medium-term organic sales of at least 4% and an underlying operating margin of at least 17%.
  • Enel, Leonardo and Ansaldo set up nuclear reactor joint venture.
  • ThyssenKrupp takes a further billion-dollar write-down on its steel division.
  • Imperial Brands ' annual profit exceeds forecasts.
  • Sonova posts lower earnings for the first half of the current fiscal year, but sales increase.
  • Rheinmetall holds investor day.
  • Endesa will invest $10 billion by 2027, focusing on power grids.
  • Aquis Exchange chairman resigns less than two weeks after SIX's takeover bid.
  • Autoneum buys 70% stake in Chinese automotive supplier Jiangsu Huanyu Group.
  • Siegfried opens a research center in Valais.
  • Fitch upgrades Swiss Re's credit rating from A to A+.
  • Informa posts 10.7% sales growth over 10 months.
  • Azelis acquires Finnish company Haarla.
  • Sony is reportedly discussing a takeover of Kadokawa, according to Reuters.
  • Activist investor Elliott takes a stake in Tokyo Gas.
  • Alibaba issues a $5 billion dual-currency bond.
  • Trip.com reports a rise in third-quarter profits thanks to a buoyant tourism market.