Cyberattacks targeting refrigeration units in European supermarkets have caused widespread food spoilage and financial losses across multiple nations. Security experts attribute the breaches to vulnerabilities in legacy controllers from manufacturers such as Danfoss and Copeland.
International Flavors & Fragrances reported adjusted earnings of 83 cents per share, beating estimates, while sales rose 4% year-over-year to $1.94 billion. The company raised its full-year sales guidance citing solid volumes across scent, taste, and health segments.
Saudi Aramco reported a 22% year-on-year increase in adjusted net profit to $98.38 billion for the first nine months of 2026, driven by high oil prices and refining margins. Third-quarter earnings hit $31.2 billion, exceeding expectations despite regional disruptions.
Four M&A transactions were announced for the week ending November 2, with year-to-date volumes and values trending below 2025 levels. The week's most notable deal involved LyondellBasell agreeing to sell its assets.
Celanese reported Q3 net income of $78 million, beating estimates despite weaker automotive demand impacting engineered materials. The company raised full-year earnings guidance and projects over $1.5 billion in free cash flow by 2026.
Bayer AG raised its full-year EBITDA forecast to €9.8–10.3 billion following strong pharmaceutical performance, despite a widened Q3 net loss of €678 million. Sales grew 4.1% year-over-year, driven by pharma growth while crop science faced headwinds.
Evonik reaffirmed its independent strategy despite BASF merger interest, reported a narrowed Q3 net loss of €53 million, and maintained full-year EBITDA guidance while advancing asset sales.
Drax Group struck a £20bn deal to build the UK's largest AI datacentre at its North Yorkshire plant, utilizing biomass energy infrastructure to support sovereign AI capabilities by 2028.
BASF signed an investment agreement to build a new electronic materials production facility in Nanjing's Jiangbei New Area, set to operate by late 2028. The project aims to strengthen semiconductor technology development and regional supply chain support.
US stock markets closed mixed as tech and AI stocks declined, while falling Brent crude prices supported airline shares; geopolitical tensions continue to drive energy market volatility.
Amgen reported third-quarter sales of $10.4 billion, beating expectations and raising its full-year outlook despite a share price dip driven by patent expirations and pipeline uncertainty regarding its weight-loss drug MariTide.
Canadian heavy crude prices hit their widest discount to US benchmarks since 2018 due to high tanker rates and Venezuelan competition, impacting producers like Imperial Oil. The gap is expected to persist through the fourth quarter despite global prices exceeding $100 per barrel.
New Jersey Governor Mikie Sherrill warned port operators that accepting Russian diesel violates federal law, despite a recent presidential license allowing over 300,000 metric tons amid record-high diesel prices.
VCI Wealth Management LLC purchased 20,097 shares of International Flavors & Fragrances Inc. valued at roughly $1.68 million during the third quarter. The company also announced a $2.5 billion share-repurchase program and a quarterly dividend of $0.40 per share.
Nottingham Advisors Inc. acquired 2,160 shares of Linde PLC worth approximately $1.05 million in the third quarter. The company also reported strong quarterly earnings exceeding analyst expectations and declared a $1.60 dividend.
DuPont de Nemours swung to a profit and raised its annual outlook following higher sales. It now anticipates adjusted earnings of $7.47 to $7.52 per share.
US senators questioned McDonald's CEO regarding AI-driven pricing algorithms, citing antitrust concerns and class action lawsuits alleging illegal price coordination across franchisees.
DuPont raised its full-year profit forecasts and Q4 earnings projections, beating Wall Street estimates driven by strong demand in healthcare, aerospace, and industrial water markets. It also surpassed third-quarter earnings expectations and expanded share buybacks.
Venezuela's oil exports remained stable at 1.08 million barrels per day in October despite production stagnation and high freight rates. Regional shifts saw US volumes fall while European shipments grew, alongside increased naphtha imports for heavy crude dilution.
Mauritania's energy ministry signed production-sharing contracts with Murphy Oil for two offshore blocks to boost domestic industries and LNG exports. The deal strengthens partnerships with world-class companies following similar concessions granted to ACWA Power.
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