Flash News

TREE NEWS update: EssilorLuxottica reported third-quarter revenue of €7.49 billion, up 7.2% on a like-for-like basis, beating analysts’ forecast of 6.3% growth and €7.37 billion in revenue. North American revenue came in at €3.2 billion, above the €3.15 billion expected. The eyewear group’s results cover the three months through September.

TREE NEWS update: Carrefour lowered its 2026 financial targets following severe unrest in France over the weekend. The retailer reported third-quarter sales including VAT of €22.69 billion, against analysts’ expectations of €22.58 billion. Like-for-like sales excluding fuel and calendar effects rose 2.3% in the quarter, with French LFL sales up 1.2%.

TREE NEWS reports: The MSCI Nordic Countries Index fell 0.4% to 392.48 points, its lowest close since Oct. 9. Industrials was the weakest of the ten sectors, while Neste Oyj dropped 4.3%, the worst performer among Nordic constituents.

TREE NEWS reports: Germany’s DAX 30 index closed provisionally 0.09% lower at 25,296.59. France’s benchmark index fell 0.24% and Italy’s index slipped 0.06%, with the Italian bank index down 0.47%. The UK index closed provisionally 0.30% lower.

TREE NEWS reports: Oppenheimer analyst Chris Kotowski said the selloff in alternative asset manager stocks has been overdone and the shares are highly attractive given continued improvement in the sector’s fundamentals. The broker noted that while macro narratives have never truly been key to the fundamentals, they have repeatedly caused sharp swings, and rate hikes do not change the industry’s basic business conditions or investors’ willingness to allocate to future fundraising. Kotowski cited the 2015-2016 period, when the stocks fell 42% as oil prices dropped and high-yield spreads widened, saying the impact on business was slight and short-lived.

TREE NEWS reports: CoreWeave shares reversed early losses on the day, climbing as much as 5.3% after falling more than 6.3% in early U.S. trading. The swing marked a volatile session for the AI cloud-computing company’s stock, with the intraday move spanning roughly 11.6 percentage points between the session low and high.

TREE NEWS update: Yangshengtang, controlled by Nongfu Spring founder Zhong Shanshan, completed its first increase in its stake in Jinbo Bio (锦波生物) on October 19 via centralized bidding, the company disclosed after market close on October 20. Jinbo Bio shares closed at 153.15 yuan that day, up 10.82%, with turnover of 453 million yuan and a turnover rate of 5.43%.

TREE NEWS reports: Scotiabank estimates that at a $1.5 trillion valuation, Anthropic’s equity would be worth about $16 per share to Alphabet, roughly 5% of its stock value, and about $27 per share to Amazon, nearly 10% of its stock value. The bank said an Anthropic IPO would convert one of the largest private AI holdings on both companies’ balance sheets into a publicly priced asset, with Amazon benefiting more from the stake. It also flagged Anthropic’s growing importance as a Google Cloud and AWS customer.

TREE NEWS update: Yatsen Holding has sold its cosmetics brand Pink Bear, which it incubated in 2021 for 16-25 year-old consumers, to a new shareholder, the company confirmed. Yatsen said the move reflects long-term strategy and brand portfolio optimization, and that it will hand over the brand, team, consumers and partners in an orderly manner. It did not disclose transaction terms.

TREE NEWS reports: CoreWeave shares rose 2.6% to a fresh session high, reversing an earlier decline of about 6%. The intraday swing left the AI cloud-computing company higher on the day after briefly trading sharply lower.

TREE NEWS update: Li Auto has launched the Lianshan battery protection plan, which includes two lifetime guarantees: a lifetime guarantee that the battery will not spontaneously combust and a lifetime guarantee that it will not catch fire in a collision. The program covers both battery safety commitments for the electric vehicle maker’s customers.

TREE NEWS reports: The Nasdaq 100 nearly erased an early decline of as much as 1.1%, closing roughly flat on the day. The S&P 500 was up about 0.3%, the Dow Jones gained more than 0.7% and the Nasdaq rose about 0.1%, while the Philadelphia Semiconductor Index trimmed its loss to nearly 0.3%.

TREE NEWS reports: Eli Lilly shares rose 5.2% to $1,260.17 on the day, setting a new intraday all-time high. The move marks a fresh record for the pharmaceutical company’s stock during the session.

TREE NEWS reports: US pending home sales fell 7.3% in September to an index reading of 66, the lowest level since records began in 2001, the National Association of Realtors said Tuesday. The gauge, which tracks signed contracts on existing homes, was down nearly 13% from a year earlier on an unadjusted basis, with every region posting declines. Mortgage rates have climbed toward three-year highs since the outbreak of the war with Iran, keeping buyers on the sidelines.

TREE NEWS update: Novo Nordisk said its next-generation weight-loss drug CagriSema achieved an average 25% weight reduction in obese or overweight adult women. The figure comes from a company statement on the drug’s latest trial results. CagriSema is the Danish drugmaker’s successor candidate to its existing obesity treatments.

TREE NEWS update: Ferrari CEO Benedetto Vigna praised Tesla’s newly unveiled Roadster, saying the redesign shows the auto industry still has room for bold innovation even in mature markets. Vigna’s comments, reported on Thursday, highlight the competitive pressure Tesla’s halo model puts on legacy sports-car makers. Neither company disclosed any commercial tie-up or sales figures.

TREE NEWS update: Qualcomm CEO Cristiano Amon told employees in a memo on Monday that the chipmaker will carry out performance-based layoffs following its annual employee reviews, with notices to begin in November. Amon said the cuts aim to build a “stronger performance culture” and address the company’s persistent failure to meet expectations, with decisions weighing business priorities, organizational needs and skills.

TREE NEWS reports: Eli Lilly shares climbed nearly 5% to hit an all-time high. The move marks a record closing level for the pharmaceutical company’s stock. No further details were provided.

TREE NEWS update: Strive’s newly issued preferred stock SATS raised $630 million in an initial public offering and began trading on Nasdaq. The company said proceeds will be used to buy more bitcoin and yield-generating assets. The preferred shares carry a fixed 15% annual dividend paid daily, with the first payout scheduled for November 9.

TREE NEWS reports: The Nasdaq 100 index fell 1% on the day. The decline marks a pullback for the tech-heavy benchmark, which tracks the largest non-financial companies listed on the Nasdaq exchange. No further details were immediately available.