S&P upgrades Aeromexico to ’BB-’ on resilient margins and debt reduction

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• Sources: Marvell is in advanced talks to buy data center optics maker Lumentum, whose market value is ~$83B; the deal could be announced as soon as next week (Bloomberg)

  The potential transaction involves Marvell Technology targeting a key optical equipment provider critical for modern digital infrastructure. Securing an entity valued at this scale would mark a massive consolidation in the optical hardware market. A formal agreement between the two firms could be disclosed as early as next week.

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• eBay reports Q3 revenue up 14% YoY to $3.21B, above $3.12B est., and GMV up 15% to $23.17B, above $22.32B est.; EBAY jumps 4%+ after hours (Kelly Cloonan/Wall Street Journal)

  Strong quarterly sales and solid operational momentum across key e-commerce categories drove the platform past Wall Street expectations. Chief Executive Officer Jamie Iannone linked the outperformance to widespread customer demand across several core segments. The stronger-than-anticipated volume sparked immediate investor optimism, lifting shares in late trading.

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• Five years on, Julien Royer’s Claudine is having its best year yet. What’s behind its success?

  The Singapore establishment on Dempsey Hill has capitalized on evolving dining preferences by bridging the gap between casual bistros and high-end eateries. Co-founded alongside The Lo & Behold Group's Wee Teng Wen, the venue satisfies customer demand for flexible, comfortable meals without sacrificing technical culinary execution. This positioning has allowed the venture to flourish even as traditional multi-hour tasting experiences face changing consumer expectations.

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