Dow Jones Top Company Headlines at 3 AM ET: Kering to Sell Creed, License Fragrance Brands to L'Oreal in $4.7 Billion Deal | Elon …

Kering to Sell Creed, License Fragrance Brands to L’Oreal in $4.7 Billion Deal

The deal marks an early move by Kering’s new chief, Luca de Meo, to revive the French luxury giant’s fortunes.

—-

Elon Musk Pay Drama Heats Up Ahead of Tesla Earnings

ISS, the proxy advisor, recommends shareholders vote no on a proposed massive pay package for Musk. Investors aren’t likely to listen.

—-

Activist Jana Takes Stake in Cooper, a Maker of Medical Devices

Bausch + Lomb is seen as a potential buyer for the contact-lens unit and the CEO said he would be interested.

—-

First Ford, Now Jeep. Automakers Are Hit by Lack of Parts

Rare-earths minerals, aluminum fire, semiconductor stoppage have hit carmakers simultaneously.

—-

FDA Approves Novo Nordisk’s Rybelsus Diabetes Pill to Reduce Heart Risk

The drug, called Rybelsus, is the only oral GLP-1 medication available. It was previously approved to treat Type 2 diabetes but under the new approval, Novo Nordisk can now market the drug’s benefits of reducing cardiovascular events.

—-

Luxury Brands’ Stiffest Competition Is the Stuff They Have Already Sold

Sales of secondhand luxury goods are growing faster than in brands’ own stores.

—-

FAA Lets Boeing Increase Production Cap on 737 MAX by 10%

The company can now increase production to 42 planes a month from 38, the limit put in place after a fuselage panel blew off a jet midair in January 2024.

—-

Jefferies Shares Pare Losses After CEO Says First Brands Defrauded Bank

Rich Handler doesn’t see the collapse of the auto-parts supplier as sign of broader credit issues.

—-

Citgo Bidder, Auction Overseer Clash Over Fees in Disqualification Request

Gold Reserve says fees paid to advisers of the special master present a conflict of interest, while the overseer says the fees were unrelated to the Citgo sale.

—-

Goldman Sachs Pursues Bigger Share of AI Infrastructure Financing Boom

A new team will focus on deals to finance data centers and other artificial-intelligence projects.

—-

American Express Third-Quarter Sales Rise as Cardholders Regain Spending Confidence

Revenue climbed 11% to $18.43 billion in the quarter as consumers spent more on retail, restaurants and airlines, said the company.

—-

Fifth Third Profit Rises, Comerica’s Slips Ahead of Tie-Up

Fifth Third Bancorp posted higher profit in the third quarter, while Comerica’s earnings slipped slightly, as the regional lenders prepare to combine in a $10.9 billion all-stock deal.

—-

SLB Earnings Beat Estimates. Why the Stock Is Dropping.

CEO Olivier Le Peuch says revenue grew in the quarter

(END) Dow Jones Newswires

October 20, 2025 03:15 ET (07:15 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.