Alphabet (GOOG.O) CEO: Waymo's strong growth and development momentum will continue into 2026.

Fox shares rose 5% in pre-market trading after first-quarter profit and revenue exceeded expectations.

Key News 1. The US canceled the 10% tariff on Chinese goods for so-called fentanyl, while the 24% tariff on Chinese goods remains suspended for another year. 2. The Federal Reserve cut interest rates by 25 basis points overnight and announced that it will end its balance sheet reduction on December 1st. Stock News 1. Google (GOOG.O) reported third-quarter revenue, profit, and full-year capital expenditure guidance all exceeding analysts' expectations, with several major businesses achieving double-digit percentage growth. 2. Meta Platforms (META.O) reported third-quarter revenue of $51.2 billion, a significant year-over-year increase of 26%; net income was $2.7 billion, far below analysts' expectations. The company attributed the sharp decline in net income to a one-time tax expense of $15.93 billion recognized in support of Trump's "Big Beauty Act." 3. Eli Lilly (LLY.N) reported third-quarter revenue of $17.6 billion, a year-over-year increase of 54%, exceeding the expected $16.07 billion; it raised its full-year revenue forecast to $63 billion to $63.5 billion. 4. Eli Lilly (LLY.N) announced a partnership with Nvidia (NVDA.O) to build a pharmaceutical company-owned and operated supercomputer. 5. Novo Nordisk (NVO.N) reportedly plans to increase its acquisition offer for cardiovascular metabolism drug developer Metera (MTSR.O), expanding its leading position in the weight-loss drug market. 6. Microsoft (MSFT.O) CEO: GitHub currently has 180 million developers; the total number of AI agent users on the Copilot platform doubled quarter-over-quarter in the first quarter. 7. National Highway Traffic Safety Administration: Tesla (TSLA.O) is recalling 6,197 vehicles in the United States due to detached light strips that could fall and pose a road hazard to other vehicles, increasing the risk of collisions. 8. Stellar Cement (STLA.N) reported third-quarter revenue that increased 13% year-over-year to €37.2 billion. As of October 30, US tariffs are expected to cost the company approximately €1 billion this year, compared to previous expectations of €1 billion to €1.5 billion. 9. Merck (MRK.N) reported third-quarter sales of $17.28 billion, exceeding market expectations. 10. eBay (EBAY.O) reported third-quarter sales that increased 9% year-over-year to $2.82 billion. Fourth-quarter earnings per share are expected to be between $1.31 and $1.36, lower than the expected $1.38. 11. Meta Platforms (META.O) plans to raise at least $25 billion through a bond issuance.