MORNING NEWS

At Holcim, revenue and operating profit grew significantly in the summer quarter. Overall, revenue increased by 15.5 percent to 4.66 billion Swiss francs from July through the end of September 2026, as Holcim announced on Friday. For the first time in a long while, the compa

Nestlé gained momentum in the third quarter of 2026. The world’s largest food company posted organic growth of 4.0 percent, up from 3.7 percent in the previous quarter. So-called real internal growth (RIG) reached 2.8 percent, as Nestlé announced on Thursday.

SpaceX SPCX and Tesla TSLA have formed special committees to discuss a potential merger, Elon Musk said Tuesday. Musk’s comments came toward the end of SpaceX’s quarterly earnings call in which executives said revenue more than doubled from a year earlier, and signaled more robust growth in the months ahead.

ABB continued to grow operationally in the third quarter of 2026. As in the first two quarters, revenue and order intake posted double-digit growth, with the latter performing exceptionally well, thanks in no small part to data centers.

Lindt & Sprüngli announced on Monday that Group CEO Adalbert Lechner will leave the company. The Board of Directors has initiated a search process to identify his successor.

Unicredit has cleared up a major hurdle in its takeover of Commerzbank. The Italian bank announced that it has received approval from the European Central Bank (ECB) to exceed the 30 percent ownership threshold and further increase its stake. Unicredit recently secured just under half of the shares in German bank Commerzbank.

BlackRock's assets increased to a record $15.5 trillion in the third quarter, up 15% from a year earlier, benefitting from strong client inflows. BlackRock took in $205 billion of new client money during the third quarter, beating a $192 billion FactSet estimate.

Roche Holding struck a deal with China’s Rona Therapeutics to license worldwide rights to an experimental therapy for obesity and metabolic diseases for up to $1.16 billion, moving to bolster its portfolio with a new weight-loss approach. Under the agreement, Shanghai-based Rona will get upfront and near-term payments of up to $100 million and be eligible to receive an extra $1.06 billion subject to reaching development, regulatory and commercial goals, as well as royalties on potential sales, Rona said Tuesday.

French luxury giant LVMH said sales growth slowed, putting the brakes on a long-awaited recovery in Europe’s struggling luxury-goods industry. The Paris-based group, owner of a stable of fashion, jewelry and champagne brands that constitutes a bellwether for the wider sector, made sales of 18.50 billion euros ($20.72 billion) between July and September, it said Monday.

One of the biggest Chinese automakers is setting up shop north of the U.S. border. Chinese automaker Geely plans to begin selling vehicles to Canadian customers next year, the company said Friday. Geely, one of the largest carmakers in the world by sales, has begun establishing a retail and service network in the country and plans to introduce its first vehicles to Canadian consumers in 2027.