North America: Tesla reported a 31% decline in non-GAAP EPS and a 3.5 point drop in adjusted EBITDA margin to 15% in Q3 2025, despite record revenue growth and a recall of 63,619 Cybertrucks in the U.S. Honeywell increased third-quarter sales, beat earnings estimates, and raised full-year and 2025 earnings guidance, driven by aerospace demand. IBM surpassed Wall Street estimates in Q3 2025 with strong revenue and profit from AI and infrastructure growth, despite a slowdown in cloud software. Textron exceeded third-quarter earnings expectations due to growth in aviation and Bell helicopter segments, announcing Lisa Atherton as President and CEO effective January 4, 2026. T-Mobile exceeded Q3 earnings expectations with record subscriber growth from iPhone upgrades and premium plan enrollments. Google invested in THG Ingenuity and is exploring a partnership with Anthropic for AI chips in cloud computing. Lazard reported robust Q3 performance in financial advisory and asset management with record revenue and inflows. Citigroup reorganized its leadership, appointing CEO Jane Fraser as board chair with a $25 million stock award. West Pharma increased its annual profit forecast due to strong demand for drug components for GLP-1 therapies. Williams Companies divested upstream assets to focus on LNG interests. Europe: Unilever exceeded Q3 2025 expectations with strong sales growth in beauty products, planning a strategic demerger of its ice cream business. Kering experienced a share price rally due to positive sales results and strategic divestitures, despite a revenue decline in Q3 2025. Airbus, Leonardo, and Thales are forming a joint venture to compete with SpaceX, driven by strong revenue and order growth in defense sectors. Nokia exceeded third-quarter expectations with strong financial performance and network sales growth. Atlas Copco exceeded Q3 2025 expectations with strong earnings and stable order volumes. Volvo Cars surpassed Q3 2025 expectations due to effective cost management and collaboration with Geely suppliers. Nidec Corp retracted its earnings guidance and canceled dividend and share buyback plans due to an investigation into accounting irregularities. JERA acquired a shale gas asset in Louisiana for $1.5 billion. Woodside Energy expanded its Louisiana LNG project with Williams as an investor and operator. Rest of the world: