VPR Brands raises Kevin Frija and Daniel Hoff's compensation to $360,000

Meta Platforms Inc. sold $25 billion in bonds on Election Day, citing market timing and AI investment needs. The sale included a $25 billion common stock offering and a $12.5 billion preferred share offering. Meta's long-term notes priced at a yield premium of 2.2 percentage points above Treasuries. S&P Global Ratings revised Meta's credit outlook to negative, citing spending uncertainty. Tech bond spreads widened amid post-election regulatory concerns.

Meta sold $25 billion in corporate bonds on Election Day, Bloomberg reports.

Tesla TSLA CEO Elon Musk stated that Cybertruck demand exceeds production capacity. Production will halt in mid-2027 to shift focus to the Cybercab robotaxi. Musk called it an 'end of an era', potentially making the Cybertruck a collector's item.

Summit Therapeutics received a $2 billion equity investment from AstraZeneca, boosting its cash position to $629.8 million. The funds support the development of ivonescimab, a bispecific antibody targeting PD-1 and VEGF, which showed statistically significant survival benefits in Phase III studies for advanced NSCLC and biliary tract cancer, according to the company.

Berkshire Hathaway spent $9.6B on share buybacks in Q3, with $357B in cash reserves. Operating earnings fell 6% YoY, but management views its stock as undervalued. Investors should watch buyback pace and cash deployment.

Apple announced a $7.5 billion bond offering with maturities ranging from 2028 to 2036. The proceeds will be used for shareholder returns, capital spending, and other corporate needs. The offering includes two floating-rate notes and five fixed-rate notes, with rates ranging from 4.65% to 5.35%. The company expects net proceeds of about $7.47 billion after expenses.