Markets

Tenaris (TS) has initiated the second $600 million tranche of its $1.2 billion share buyback program, scheduled from November 3, 2025, to April 30, 2026. A financial institution will execute the buyback independently, adhering to regulations and potentially purchasing shares during closed periods. Repurchased shares will be canceled, reducing the outstanding share count. The buyback, authorized by shareholders, aims to return capital, but faces risks linked to oil and gas prices.

Belite Bio (BLTE) announced that the UK’s MHRA agreed to accept a Conditional Marketing Authorization application for Tinlarebant to treat Stargardt disease, based on Phase 3 DRAGON interim analysis. The DRAGON trial enrolled 104 subjects across 11 jurisdictions. Topline final data is expected in Q4 2025, which will be submitted to MHRA for full Marketing Authorization. This regulatory milestone offers a faster route to market but depends on positive final data.

Travelzoo (TZOO) has launched new, exclusive Club Offers for U.S. members, providing curated travel deals. These include discounted packages to Portugal ($499), Bali (under $500 for two), and Hawaii ($799), alongside hotel stays across the U.S. for $99 or less and half-off treatments at 500+ spas. Savings are significant, but availability is limited. Travelzoo aims to capitalize on the travel industry’s recovery by offering value and unique experiences to its members.

Travelzoo (TZOO) announced new Club Offers for UK members on Nov 1, 2025, featuring curated travel deals. Offers include a Yorkshire manor escape for £69, a luxury Portuguese wine estate stay for £305pp, and a French Alps ski week with flights for £499pp. Other offers feature trips to the Spanish countryside and West End show with dinner. The deals, vetted by Travelzoo’s experts, aim to provide significant savings capitalizing on the increasing demand for value-driven travel experiences.

Tractor Supply Company celebrated National Hometown Heroes Day across 2,300+ stores, donating $500 per store to local fire, police, and veteran organizations – totaling over $1 million. The celebrations included Touch-a-Truck events, thank-you note stations, and a digital “Honor Wall”, uniting communities to recognize their local heroes. The initiative reflects the company’s strategic focus on rural communities and its commitment to social responsibility, fostering customer loyalty and brand affinity. Tractor Supply has donated over $3 million to support military personnel, veterans, and first responders since the initiative began in 2024.

Ibotta launches its sixth annual “Thanksgiving on Us” campaign on November 1, 2025, offering cash-back rewards on Thanksgiving grocery essentials amid rising inflation concerns. New users can potentially earn over $22 in rewards on staples. Existing users get cashback on side dishes and turkey opportunities via referrals. Ibotta is also donating $50,000 to Feeding America’s Community Response Fund. The company aims to ease financial strain on families and reinforces its commitment to social responsibility.

Berkshire Hathaway Inc. (BRK.A; BRK.B) announced its Q3 and first nine months 2025 operating results. Net earnings attributable to Berkshire shareholders were $30.796 billion for Q3 2025, compared to $26.251 billion for Q3 2024. For the first nine months, the net earnings were $47.769 billion in 2025 and $69.301 billion in 2024. The company advises investors to review the 10-Q filing for a comprehensive understanding and cautioned against relying solely on the press release.

NIO Inc. reported record-high monthly deliveries of 40,397 vehicles in October 2025, a 92.6% year-over-year increase. Year-to-date deliveries reached 241,618, up 41.9% from the previous year, with cumulative deliveries totaling 913,182. The breakdown includes 17,143 NIO, 17,342 ONVO, and 5,912 FIREFLY vehicles. The ONVO L90 achieved over 10,000 deliveries monthly for three consecutive months after its launch in late July 2025.

Zeekr Intelligent Technology Holding Limited (ZK) announced October 2025 deliveries of 61,636 vehicles across Zeekr and Lynk & Co brands, a 9.8% year-over-year increase and a 20.5% month-over-month jump. Zeekr-branded EVs accounted for 21,423 units. The growth is attributed to customer trust, with over 2.15 million cumulative users. Zeekr focuses on differentiation through vehicle design, ADAS, OTA updates, and charging infrastructure. Analysts emphasize the importance of software, e-powertrain technology, and EV supply chain development for Zeekr’s long-term competitiveness.

XPeng reported a record-breaking month in October 2025, delivering 42,013 smart EVs, a 76% year-over-year increase. This marks the second consecutive month exceeding 40,000 deliveries. Year-to-date deliveries reached 355,209, a 190% increase from 2024. XPeng is expanding internationally, entering seven new markets, and its XNGP driver assistance system boasts an 86% urban driving penetration rate. The company will showcase its AI advancements at the upcoming XPeng AI Day event.