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Vulcan Materials (No. 500) promoted Ronnie Pruitt to CEO, effective Jan. 1. Becton Dickinson (No. 211) announced that CFO Chris DelOrefice will leave the company, effective Dec. 5, to become the next CFO of Ulta Beauty (No. 375). Vertiv Holdings (No. 471) appointed Craig Chamberlin as CFO, effective Nov. 10.

And more in this week's Fortune 500 Power Moves.

• Walmart (No. 1) announced a new partnership with OpenAI designed to allow customers to purchase Walmart products via ChatGPT while using its Instant Checkout feature. OpenAI CEO Sam Altman described the integration as making “everyday purchases a little simpler,” and Walmart CEO Doug McMillon said the move signals the end of online shopping experiences characterized by a “search bar and a long list of item responses.”
• Oracle (No. 87) and Advanced Micro Devices (AMD) (No. 167) signed an agreement in which Oracle Cloud Infrastructure will offer services using 50,000 of AMD’s forthcoming MI450 chips starting in 2026. The announcement comes less than two months after Oracle reached a $300 billion deal with OpenAI as the cloud computing company continues to make inroads into AI. Financial terms were not disclosed.
• Broadcom (No. 88) signed an agreement with OpenAI to co-build 10 gigawatts of custom AI chips and related hardware over the next four years, marking the first time OpenAI will design and develop its own AI chips. Financial terms were not disclosed, though sources familiar with the matter told the Wall Street Journal that it will be worth multiple billions of dollars.
• S&P Global (No. 305) agreed to acquire With Intelligence, a London-based investment data and analytics platform, from Motive Partners for $1.8 billion in cash. S&P Global President and CEO Martina Cheung said in a press release that the addition will “create the most comprehensive provider of private markets intelligence.”
• The Artificial Intelligence Infrastructure Partnership, a group of investors led by BlackRock (No. 210) that also includes Microsoft (No. 14), Nvidia (No. 31), and xAI, agreed to acquire Aligned Data Centers from Australia’s Macquarie Asset Management in a deal worth $40 billion. Read more: BlackRock’s $40 billion deal highlights the unstoppable AI data center gold rush, as CEO Larry Fink pushes back on AI bubble fears

Big banks including JPMorgan Chase (No. 11), Bank of America (No. 17), Citigroup (No. 21), Goldman Sachs (No. 32), and Morgan Stanley (No. 40) reported strong quarterly performances thanks to soaring investment banking revenues and increased dealmaking activity.

• JPMorgan reported the highest revenue of these banks, with $47.12 billion. Investment banking fees were up 16%, equity markets revenue climbed 33%, and fixed income trading revenue gained 21%. Despite the strong results, CEO Jamie Dimon warned in a statement that “there continues to be a heightened degree of uncertainty stemming from complex geopolitical conditions, tariffs and trade uncertainty, elevated asset prices, and the risk of sticky inflation.”
• Bank of America beat expectations with $28.24 billion in quarterly revenue, up 10.8% year-over-year, buoyed by a 43% jump in revenue from investment banking fees.
• Citigroup, where every business division recorded record revenue, posted $22.09 billion in quarterly revenue. In a statement, CEO Jane Fraser attributed the results to her ongoing multi-year turnaround efforts.
• Goldman Sachs saw quarterly revenue rise 20% year-over-year to $15.18 billion, with investment banking fees up 42%.
• Morgan Stanley reported its best quarter in nearly five years with $18.22 billion in revenue, an 18% year-over-year increase. Investment banking revenues alone were up 44%.
• Other banks that reported strong results this week include Wells Fargo (No. 33), Bank of New York (No. 113), and M&T Bank (No. 317).

Elsewhere in earnings:

• American Express (No. 58) beat estimates with $18.4 billion in revenue, up 11% from the same quarter last year. In a press release announcing the earnings, CEO Steve Squeri highlighted better-than-expected demand for the revamped Platinum card.
• United Airlines Holdings (No. 74) fell short of revenue expectations despite posting higher-than-expected earnings, but increased its outlook for the current quarter as CEO Scott Kirby predicted in a statement better economic conditions and increased demand in Q4. The airline saw drops in unit passenger revenue in both domestic travel and international travel, though it experienced strong premium seating revenue, which competitor Delta Air Lines (No. 70) also reported last week.
• Abbott Laboratories (No. 107) came in below Wall Street estimates as it navigates supply chain disruptions related to cuts to medical foreign aid along with deflated demand for COVID-19 tests. Despite that, the company saw an almost 15% increase in medical device sales, driven by demand for glucose monitors and cardiac devices.
• BlackRock (No. 210) reached a record $13.46 trillion in assets under management during the most recent quarter and quarterly revenue of $6.5 billion, up 25% from the same quarter last year.

Earnings to watch next week include: Cleveland-Cliffs (No. 221) and W.R. Berkley (No. 316) on Oct. 20; RTX (No. 54), Lockheed Martin (No. 59), Capital One Financial (No. 82), Coca-Cola (No. 97), Netflix (No. 116), GE Aerospace (No. 118), Philip Morris International (No. 121), and Steel Dynamics (No. 236) on Oct. 21; AT&T (No. 37), Tesla (No. 43), and IBM (No. 68) on Oct. 22; Intel (No. 86), Honeywell International (No. 119), Union Pacific (No. 177), Blackstone (No. 321), and Norfolk Southern (No. 346) on Oct. 23; Procter & Gamble (No. 51), HCA Healthcare (No. 61), and General Dynamics (No. 96) on Oct. 24; and others.

• At the Fortune Most Powerful Women Summit in Washington, D.C. this week, Meghan, Duchess of Sussex explained how her “complicated relationship” with social media shaped her business strategy.
• SAIC (No. 496) CEO Toni Townes-Whitley called America’s aging infrastructure “anachronistic,” adding, “our adversary can use their entire industrial base.”
• Land O’Lakes (No. 262) CEO Beth Ford said, “we need more legal immigration” to help American farmers because a lack of labor could trigger a “black swan event.”
• Best Buy (No. 108) CEO Corie Barry said the growing spending power gap between the affluent and poor keeps her “up at night.”
• Logitech CEO Hanneke Faber said she’d welcome an AI-bot board member: “If you don’t have an AI agent in every meeting, you’re missing out.”
• IMF chief Kristalina Georgieva dismissed the impact of the Trump trade war: “Trade is like water, you put in an obstacle, it goes around it.”
• Author, researcher, and professor Brené Brown said that the key to surviving AI is rejecting Jack Welch’s advice and embracing humanity. There’s just one problem: Humans “can’t stand each other.”

See all Fortune MPW Summit coverage.