* BYD reports Q3 sales drop, BP announces strategic shift, and Bentley Systems joins S&P MidCap 400.

BYD reported a 2.1% YoY decline in Q3 sales to 1.106 million vehicles, citing intense price wars and increased competition in China. BP plans to simplify its portfolio, raise $20 billion from asset sales by 2027, and cut costs. Bentley Systems saw a 7% stock price increase after being added to the S&P MidCap 400, replacing Western Union.

In the third quarter of 2025, BYD reported a 2.1% year-over-year (YoY) decline in sales, falling to 1.106 million vehicles. This decrease was attributed to intense price wars and increased competition in the Chinese market. The company has been facing significant pressure from competitors, including Tesla, which has been rapidly expanding its market share in China.

Meanwhile, BP (NYSE:BP) has announced a strategic realignment under the new leadership of Chair Albert Manifold. Manifold emphasized the need to simplify BP's portfolio, stating that it was "overly complex" and required faster execution of the company's strategy to shift back to oil and gas. BP aims to raise $20 billion from asset sales by the end of 2027 to reduce its net debt from $26 billion to $14 billion-$18 billion. This move is part of the company's broader cost-cutting initiatives to boost profitability and returns for shareholders.

In a separate development, Bentley Systems (BSY) saw its stock price surge by 7% after being added to the S&P MidCap 400 index. The company replaced Western Union (WU), which will transition to the S&P SmallCap 600 following the acquisition of Mr. Cooper Group (COOP) by Rocket Companies (RKT). Bentley Systems, a prominent player in the technology sector, specializes in software solutions for infrastructure asset management. The company's inclusion in the S&P MidCap 400 is expected to provide additional visibility and liquidity for investors.