Cosan CEO Martins to Step Down in January

Cosan, a Brazilian holding company, reported a net profit of R$190 million (US$34 million) in Q3 2026, reversing a R$1.185 billion (US$209 million) loss from the previous year. The improvement was driven by better performance from its subsidiaries, lower overhead, and no contribution from Raízen. Net revenue grew 6% to R$11.288 billion (US$1.99 billion), and adjusted EBITDA increased 55% to R$4.195 billion (US$740 million).

Cosan reported a net income of R$190 million, up from previous periods, driven by equity gains, better financing results, and reduced G&A expenses. The company's net debt decreased by 48% year-over-year, while its subsidiaries Compass and Moove showed strong EBITDA growth.

Viking Therapeutics (VKTX) presented clinical data from its VK2735 obesity program at ObesityWeek 2026. In a Phase 2 trial, 74% of participants improved by at least one BMI category after 13 weeks, with significant reductions in cardiometabolic markers. The company also shared baseline data from its ongoing Phase 3 VANQUISH-2 study. VK2735 is a dual GLP-1 and GIP receptor agonist being developed for obesity and metabolic disorders.

Kosmos Energy awarded Subsea7 a $50M-$150M contract for the Tiberius project in the U.S. Gulf. Subsea7 will install a 14-km steel catenary riser and flowline, with work starting in 2028. According to Subsea7, the solution is cost-effective and designed for safe delivery.

Nvidia announced CEO Jensen Huang's resignation and departure from the board. Colette Kress, the CFO, is interim CEO. The company thanked Huang for his contributions. No reason was given, but speculation links it to his personal scandal and national security concerns. The FBI is investigating alleged Nvidia chip exports to China via Megaspeed, where Alice Huang, tied to Jensen, is an executive. This could impact US-China relations and AI competition.

Nvidia's CEO Jensen Huang resigned after admitting an affair, with shares dropping 40% from October's peak. The board named CFO Colette Kress as interim CEO. Huang's exit raises concerns about Nvidia's key man risk and potential regulatory scrutiny, especially regarding US-China AI rivalry. The company's stock fell to $148.80 before recovering to $162.85.