Markets

BioNxt Solutions announced its German subsidiary received an “Intention to Grant” from the European Patent Office for a sublingual cladribine thin-film patent application (no. 23 729 446.7) targeting multiple sclerosis. Coupled with an EAPO “Readiness to Grant,” the filings could protect across 54 jurisdictions, reaching nearly 1 billion people. BioNxt is pursuing filings in the US, North America, and Japan, while advancing BNT23001 through bioequivalence studies and seeking partnerships, aiming for market entry in the growing oral MS treatment market.

Philips’ Q3 2025 earnings revealed positive momentum with an 8% increase in comparable order intake and a 3.3% rise in comparable sales, reaching €4.3 billion. The adjusted EBITA margin improved to 12.3%, driven by productivity savings of €222 million. Free cash flow was €172 million. While tariffs posed a challenge and the Diagnosis & Treatment margin declined slightly, Philips reaffirmed its full-year guidance, projecting adjusted EBITA margin towards the upper end of its range.

ADTRAN Holdings reported better-than-expected Q3 2025 financial results, demonstrating revenue and operating margin above expectations. CEO Tom Stanton highlighted disciplined execution and broad-based growth. The company anticipates Q4 revenue between $275.0 million and $285.0 million, with a non-GAAP operating margin of 3.5% to 7.5%. ADTRAN is focusing on network disaggregation and open communication networks, positioning itself to capitalize on increasing demand. A conference call to discuss the results was held on November 4, 2025.

Westin Acquisition Corp (WSTN) priced its $50 million IPO of 5,000,000 units at $10.00 per unit, each containing one Class A share and a right to 1/6 of a share. Trading on Nasdaq under WSTNU is expected to begin November 4, 2025, with closing anticipated November 5, 2025. Underwriters have a 45-day option to purchase up to 750,000 additional units. A.G.P./Alliance Global Partners is the sole book-running manager.

BETA Technologies, Inc. announced the pricing of its IPO at $34.00 per share for 29,852,941 shares of Class A common stock, exceeding expectations. Shares will trade on the NYSE under the ticker “BETA” starting November 4, 2025. Morgan Stanley and Goldman Sachs & Co. LLC are lead book-running managers. BETA designs and sells electric aircraft, propulsion systems, and charging infrastructure, with over 83,000 nautical miles flown. The company is targeting cargo, defense, passenger, and medical sectors.

Eve Air Mobility and Bahrain’s Ministry of Transportation have signed a Framework Agreement to advance air mobility in the Middle East. This partnership aims to integrate eVTOL aircraft into Bahrain’s infrastructure, focusing on regulatory testing, vertiport development, and workforce training. Commercial operations are projected to begin in 2028, with international routes planned for 2029. Eve is also evaluating potential routes in regional hubs and designing eVTOLs tailored for the Middle East’s climate.

Starting November 1st, Mississippi residents can enroll in affordable Ambetter from Magnolia Health insurance plans for 2026 through the Health Insurance Marketplace. These plans offer comprehensive coverage including essential health benefits, Ambetter Perks, and the My Health Pays program rewarding healthy activities. Members also have access to Virtual 24/7 Care. Ambetter Health Solutions provides ICHRA-compatible plans. Enrollment is available at ambetterhealth.com/en/ms.

DELEÓN Tequila launched its “Bold Spirits, Rise” campaign at AfroTech 2025 in Houston, featuring Major League DJz and other DJs like Maiya Papaya and Sibby Liv, winner of DELEÓN’s “Opening Acts Pledge” contest. The campaign aims to connect with diverse audiences by embedding within culturally relevant events and fostering emerging talent. DELEÓN aims to expand the initiative to Los Angeles, Atlanta, and Chicago, resonating with innovators through music and tech aligning with its use of both American and French Oak casks.

Century Communities expands its Century Complete brand to Jacksonville’s Westside with Kings Landing, offering affordable single-family homes starting in the upper $200,000s. The community features modern, open-concept floor plans with up to four bedrooms, modern finishes, and included features. Located near downtown Jacksonville, Kings Landing provides convenient access to amenities and major transportation corridors. Century Complete emphasizes online homebuying with local support, streamlining the process for first-time homebuyers.

On November 3, 2025, Saba Capital Income & Opportunities Fund II (SABA) announced a monthly dividend of $0.058 per share, payable November 28, 2025, to shareholders of record on November 11, 2025. The fund operates under a managed distribution plan, potentially using capital gains or return of capital to maintain the fixed payout, which could affect NAV. The plan can be amended or terminated, impacting share price. Investors should review Rule 19a-1 notices and understand the fund’s diverse portfolio and associated risks, detailed in SEC filings.