OpenAI wants to be your portal to the web

• As previously reported in Fortune 500 Digest, Warner Bros. Discovery (No. 114) confirmed that it is considering selling parts or all of the company following interest from “multiple parties.” In addition to Paramount (No. 147, now merged with Skydance), people familiar with the situation who spoke with the New York Times say those interested in a potential deal include Comcast (No. 35) and Amazon (No. 2).
• BlackRock (No. 210) is reportedly among the leading debt investors in Hyperion, a new data center that Meta Platforms (No. 22) is building in Louisiana, per the Wall Street Journal. The project is being financed through a $27 billion private-debt deal—the largest of its kind to date.
• Blackstone (No. 321) and private equity firm TPG agreed to acquire Hologic, a Massachusetts-based developer of women’s medical health technologies, for up to $18.3 billion.
• Huntington Bancshares (No. 351) completed its merger with Veritex Holdings, combining the two bank holding companies into a single institution with approximately $223 billion in assets. Veritex customers will be integrated into the Huntington system, which now boasts more than 1,000 locations, in 2026.
• CenterPoint Energy (No. 450) agreed to sell Vectren Energy Delivery of Ohio, the natural gas delivery business it acquired in 2019, to Natural Fuel Gas Company for $2.62 billion. In a press release announcing the sale, CenterPoint CEO Jason Wells said the deal will “allow the company to optimize our portfolio of utility operations.”

• General Motors (No. 18) reported quarterly revenue of $48.59 billion, surpassing Wall Street forecasts and prompting an upward revision to its full-year outlook. CEO Mary Barra credited the robust results in part to effective tariff-mitigation measures and solid demand for the automaker’s gas-powered vehicles. Read more: General Motors surges nearly 15% on earnings beat, raises full-year guidance
• Tesla (No. 43) saw its quarterly revenue increase 12% year-over-year to $28.1 billion, following two quarters of year-over-year declines. A portion of this revenue growth is likely due to customers taking advantage of EV tax credits before they expired on Sept. 30 as part of the “Big, Beautiful Bill.” Tesla’s net income, meanwhile, was down 37% from Q3 2024. During the earnings call, CEO Elon Musk reiterated his desire for a proposed $1 trillion pay package and criticized activist investors for opposing it: “I just don’t feel comfortable building a robot army here and then being ousted because of some asinine recommendations from ISS and Glass Lewis, who have no freaking clue.” Read more: Tesla posts weak earnings again, and the ‘Musk Magic’ Premium shows its shares are way overpriced
• Procter & Gamble (No. 51) beat estimates with $22.39 billion in quarterly revenue, bolstered by growth in the company’s beauty and grooming categories. In a statement announcing the earnings, CEO Jon Moeller reaffirmed the company’s full-year outlook despite a “challenging consumer and geopolitical environment.”
• Lockheed Martin (No. 59) posted $18.6 billion in sales for the quarter, up from $17.1 billion in the same period last year, driven by strong demand for the company’s defense products and systems. In a statement announcing the earnings, CEO Jim Taiclet noted that the company is “investing aggressively” toward initiatives such as the Golden Dome for America, a proposed missile defense system for the United States.
• Intel (No. 86) beat estimates with $13.65 billion in quarterly revenue, with the company noting that demand for its chips outpaced supply. Intel received $5.7 billion from the U.S. government during the quarter, with Intel CEO Lip-Bu Tan stating that the company is “fully committed to advancing the Trump administration’s vision to restore semiconductor production” during the earnings call. Read more: Intel CFO says CEO Lip-Bu Tan is big on balance sheet discipline as U.S. and Nvidia funding accelerate turnaround
• Coca-Cola (No. 97) beat expectations with $12.46 billion in quarterly revenue, despite seeing softer demand from lower-income customers. The company did, however, report volume growth in its premium brands, like Smartwater, as well as coffee and sports drinks.
• Netflix (No. 116) reported $11.51 billion in quarterly revenue, below analyst expectations but up 17% year-over-year. During the company’s earnings call, CFO Spencer Neumann noted that the earnings miss was due to a tax dispute in Brazil that caused an unexpected $619 million expense.

Earnings calls next week include: UnitedHealth Group (No. 3), United Parcel Service (No. 47), Sysco (No. 56), Visa (No. 127), PayPal Holdings (No. 137), Nucor (No. 140), NextEra Energy (No. 173), Booking Holdings (No. 182), Waste Management (No. 197), Regeneron Pharmaceuticals (No. 306), and Corning (No. 324) on Oct. 28; CVS Health (No. 5), Alphabet (No. 7), Microsoft (No. 14), Meta Platforms (No. 22), Verizon Communications (No. 30), Boeing (No. 63), Caterpillar (No. 64), Starbucks (No. 126), ServiceNow (No. 386), and KLA (No. 420) on Oct. 29; Amazon (No. 2), Apple (No. 4), Cigna (No. 13), Comcast (No. 35), Merck (No. 65), Bristol-Myers Squibb (No. 94), Eli Lilly (No. 100), Mastercard (No. 152), and Gilead Sciences (No. 149) on Oct. 30; Exxon Mobil (No. 8), Chevron (No. 16), AbbVie (No. 77), Charter Communications (No. 79), Colgate-Palmolive (No. 212), and Dominion Energy (No. 264) on Oct. 31; and others.