Individual Stock News:
1. Tesla (TSLA.O) has received approval to begin offering self-driving ride-hailing services in Arizona.
2. Paramount Skydance Media (PSKY.O) responded to reports of a potential $71 billion acquisition of Warner Bros. Discovery with a Middle Eastern consortium: the news is inaccurate.
3. Semrush (SEMR.N) shares surged 66% in pre-market trading. Sources say Adobe is close to acquiring Semrush (SEMR.N) for $1.9 billion.
4. Pfizer (PFE.N) is planning to raise at least $5 billion through a dollar-denominated corporate bond issuance, partly to fund its recent acquisition of obesity drug developer Metera.
5. Arm (ARM.O) announced on its website that it has deepened its partnership with NVIDIA (NVDA.O) to promote its Neoverse computing platform through NVIDIA's NVLink Fusion architecture.
6. Supermicro (SMCI.O) announced a new AI factory cluster solution based on NVIDIA's enterprise reference architecture and NVIDIA Blackwell AI infrastructure to simplify large-scale AI deployment.
7. According to sources, Boyu Capital is considering bringing in Tencent, the Government of Singapore Investment Corporation (GIC), and other potential limited partners to jointly acquire a stake in Starbucks' China business.
8. Mesa Airways (MESA.US) announced that shareholders overwhelmingly approved its merger proposal with Republic Airlines Holdings. The merged company is expected to achieve 12-month-compensated annual revenue of $1.8 billion to $2 billion.
9. Kingsoft Cloud (KC.O): Q3 revenue reached RMB 2.48 billion, a year-on-year increase of 31%; of which, public cloud revenue reached RMB 1.75 billion and industry cloud revenue reached RMB 730 million, both achieving year-on-year and quarter-on-quarter growth. Adjusted gross profit was RMB 390 million, a year-on-year increase of 28%.
