Wall Street Breakfast Podcast: BP Cashes In On Castrol

HAYKIRDI/iStock via Getty Images Listen below or on the go via Apple Podcasts and Spotify sell 65% stake in Castrol to Stonepeak. (00:24) UiPath ( PATH ), Versant Media ( VSNTV ) to join S&P MidCap 400 and SmallCap 600. (01:13) Waymo ( GOOG ) ( GOOGL ) plans to update software across fleet after San Francisco power outage. (01:44) This is an abridged transcript. BP ( BP ) to sell a majority controlling interest, 65% in Castrol to alternative investment firm Stonepeak, valuing the lubricant unit at $10.1 billion. BP ( BP ) will retain a 35% minority stake, while the Canada Pension Plan Investment Board contributes up to $1.05 billion for an indirect stake. Previous reports indicate that BP ( BP ) may sell the stake after a two-year lock-in period. Talks between the two companies emerged in November 2025 as part of BP's ( BP ) $20 billion divestment push, with early valuations around $8 billion. BP ( BP ) would get about $6 billion for a 65% stake in the lubricants business, the WSJ earlier reported. S&P Dow Jones Indices said on Tuesday that UiPath ( PATH ) will replace Synovus Financial ( SNV ) in the S&P MidCap 400 , effective January 2, 2026, following Synovus’s pending acquisition by Pinnacle Financial Partners ( PNFP ). Versant Media Group ( VSNTV ) will replace Brandywine Realty Trust ( BDN ) in the S&P SmallCap 600, effective January 6, 2026, after its spin-off from Comcast ( CMCSA ), which will remain in the S&P 500. Waymo, the self-driving car startup owned by Google parent Alphabet ( GOOGL ), said late on Tuesday that it plans to update its software across the fleet, and update its emergency response protocol, after widespread blackout in the San Francisco Bay Area impacted several of its vehicles over the weekend. The disturbance caused by the blackout led Waymo to temporarily halt its service in San Francisco. Waymo said that as part of fleet-wide updates, it is integrating more information about outages to give its vehicles even more context for them to navigate more decisively. The company said it also plans to improve its emergency response protocols. Waymo also plans to expand its first responder engagement, having trained more than 25,000 first responders in the U.S. and around the world on how to interact with its vehicles. San Francisco’s widespread power outage over the weekend left several of Waymo’s autonomous vehicles immobilized, snarling traffic across parts of the city. Videos shared on social media showed Waymo vehicles stopped in traffic lanes or blocking intersections, worsening congestion at a time when power failures had already disabled traffic lights. Drivers reported significant delays as stalled robotaxis added to the gridlock. What’s Trending on Seeking Alpha Bessent sees GDP jump leading to increased hiring, 'large paychecks' One of the biggest comeback stories in the retail sector is a secondhand clothes seller Sanofi to buy Dynavax for $15.50 per share Dow, S&P and Nasdaq futures are in...

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