Wall Street Breakfast Podcast: BP Cashes In On Castrol

Group 1: BP and Castrol Stake Sale - BP is selling a 65% stake in its lubricant unit Castrol to Stonepeak, valuing the unit at $10.1 billion [3] - BP will retain a 35% minority stake, while the Canada Pension Plan Investment Board will contribute up to $1.05 billion for an indirect stake [3] - Initial discussions for the sale began in November 2025 as part of BP's $20 billion divestment strategy, with early valuations around $8 billion [4] Group 2: S&P Index Changes - UiPath will replace Synovus Financial in the S&P MidCap 400, effective January 2, 2026, due to Synovus's acquisition by Pinnacle Financial Partners [4] - Versant Media Group will replace Brandywine Realty Trust in the S&P SmallCap 600, effective January 6, 2026, following its spin-off from Comcast [5] Group 3: Waymo's Software Update and Response to Power Outage - Waymo plans to update its software across its fleet and improve emergency response protocols after a power outage in San Francisco affected its vehicles [5][6] - The blackout caused several Waymo vehicles to become immobilized, contributing to traffic congestion in the city [8] - Waymo has trained over 25,000 first responders globally on how to interact with its autonomous vehicles [7]