♟️ Tuesday 3 November 2026 Tue, 3 Nov 2026

Vertex has raised its full-year 2026 revenue guidance after third-quarter sales climbed 12%, but the Crinetics acquisition sharply increased costs and debt. The next major test arrives on 30 November, when US regulators are due to rule on povetacicept for IgA nephropathy.

Kimberly-Clark has completed its acquisition of Kenvue, leaving Kenvue shareholders with a mix of Kimberly-Clark stock and cash while ending Kenvue’s life as a standalone listed company. The transaction also transfers Kenvue’s debt and corporate obligations into a new wholly owned subsidiary.

Kimberly-Clark has completed its acquisition of Kenvue, issuing about 281.1 million shares and taking on an integration programme expected to cost US$3.1 billion before tax. The combined group is targeting US$2.1 billion in annual run-rate synergies by reshaping its brands, segments and operating model.

Marvell is seeking to absorb Lumentum in a US$115 billion all-stock deal that would unite electrical interconnect, lasers and optical networking under one roof. The companies are pitching a US$550 billion addressable market and more than US$1 billion in annual synergies, but completion remains well into the future and subject to regulatory and shareholder approval.

Entergy delivered a sharp rise in third-quarter earnings, while narrowing its 2026 adjusted EPS guidance and raising its quarterly dividend. Stronger electricity sales, regulatory recovery and construction-related returns drove the result, although rising debt and capital spending remain part of the equation.

Fox delivered a sharp first-quarter lift, with revenue up 22% and adjusted EBITDA up 54% as World Cup coverage, political advertising and Tubi drove a powerful television result. The catch is that a meaningful share of the uplift came from event-linked revenue and higher sports programming costs.

Estée Lauder delivered a sharp rebound in fiscal 2027’s first quarter, with sales, margins and earnings all improving materially. The beauty group has lifted its full-year outlook, although quarterly free cash flow remained negative and the plan still depends on sustained momentum in China, travel retail and fragrance.