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El Tesoro® Tequila Announces El Tesoro® Mundial: Yamazaki® Edition – Its First Collaboration with The House of Suntory

The Mundial Collection continues its tradition of partnering with renowned distilleries from around the world with new Japanese whisky collaboration from Suntory Global Spirits

New York, NY – (October 15, 2025) – El Tesoro de Don Felipe® Tequila, the acclaimed third-generation family-operated tequila brand now led by Master Distiller Jenny Camarena, unveils the newest installment of its premium, limited-edition cask-finished series, “The Mundial Collection.” In collaboration with The House of Suntory, the founding house of Japanese whisky, both distilling and blending traditions are proud to unite and introduce El Tesoro® Mundial: Yamazaki® Edition.  

El Tesoro® Mundial: Yamazaki® Edition brings together three masters of distilling: Carlos and Jenny Camarena, the former and newly appointed Master Distillers of El Tesoro, and Shinji Fukuyo, The House of Suntory’s fifth-generation Chief Blender. Known for their expertise in deciphering peak conditions and flavor profiles among their storied warehouses, this extraordinary tequila delicately expresses the notes that Yamazaki®, The House of Suntory’s iconic single malt, is known for. This groundbreaking partnership unites the cultures of Japan and Mexico in one special bottle, made for fans of premium aged spirits worldwide.

“It is our greatest honor to share this opportunity with our friend Shinji Fukuyo-san and the team at The House of Suntory,” says Jenny Camarena, Master Distiller and CEO at El Tesoro and La Alteña Distillery. “Our Mundial Collection is one of the most exciting projects at La Alteña. Each time we release a new one, we show another way tequila can take the shape of something new that can express ideas and flavors one would never expect. My brother Carlos began working on the Yamazaki Edition years ago, and it’s been my pleasure to see it come to its final stage. We are so excited to bring a united piece of Mexico and Japan distilling and blending excellence to our fans.”

Mundial Yamazaki® Edition is an El Tesoro Añejo, aged for 12 months in authentic Yamazaki® 12-Year-Old Japanese sherry and wine casks, adding notes of red berries and warm spices for a truly distinctive tequila intended for savoring. As a special one-time release, this is the first and only time El Tesoro has been rested in Yamazaki® casks.

Expressions in the Mundial Collection see one-of-a-kind special releases of El Tesoro® tequilas matured in unique casks that have previously held some of Suntory Global Spirits’ premium spirits from across the globe, all of which share a strong commitment to craftsmanship and high-quality production.

The first edition, El Tesoro® Mundial Collection: The Laphroaig® Edition, was released in 2021 and shined a light on the proud distilling tradition of tequila with the barrel-aging expertise of Scotch. The result was a gentle hint of salty ocean air and peat smoke for a truly distinctive tequila. The second edition, El Tesoro Mundial Collection: Knob Creek® Rye Edition, was released in 2023 and featured El Tesoro Añejo aged in the distinctive casks of Knob Creek Rye Whisky barrels, resulting in a beautiful balance between subtle sweetness and spice. Last year, Camarena released the Basil Hayden Toast Edition – a delicate finish of toasted caramel on top of a beautifully aged reposado.

EL TESORO® MUNDIAL COLLECTION: YAMAZAKI® EDITION
SRP: $199.99
ABV: 42%
APPEARANCE: Gold, clear, shiny with a captivating sparkle. 
AROMA: Aromatic agave, minerals, oak, dry fruits, nuts, honey, delicate florals, fresh tobacco.
PALATE: Mineral, toasted almonds, pecans, raw honey, balanced bitterness, warm spices, sherry notes, toasted coffee beans, dark chocolate.
FINISH: Long and lingering with sherry notes, fruits, seasoned oak, red berries, warm spices, clove, pepper.

ABOUT EL TESORO® TEQUILA
Since the first drop of El Tesoro® ran off the still of La Alteña Distillery more than 80 years ago, every decision has been made to celebrate the agave’s unique flavor. El Tesoro® is a truly authentic tequila made slowly and carefully to capture the agave’s essence in a bottle. The El Tesoro® portfolio of core products available in the U.S. includes the following (all 40% ABV as El Tesoro® is always distilled to proof): Blanco ($50 SRP), Reposado ($65 SRP), Añejo ($85 SRP), Extra Añejo ($150 SRP) and Paradiso ($180 SRP). For more information, please visit www.eltesorotequila.com

ABOUT THE HOUSE OF SUNTORY
Since 1923, Suntory has been renowned as the founding house of Japanese Whisky. Founder Shinjiro Torii built Japan’s first malt whisky distillery in Yamazaki, and the Suntory legacy continued with Torii’s son and Suntory’s second Master Blender, Keizo Saji, who continued to establish distilleries including the Hakushu Distillery. 

As the generations of Suntory’s master blenders carry on, Suntory Whisky remains committed to heritage and innovation. The House of Suntory is proud to confirm that all exported Suntory Japanese Whisky products are 100% distilled, matured, and bottled in Japan and compliant with the new production and labelling standards set by the Japan Spirits & Liqueurs Makers Association (JSLMA). The House of Suntory has been named Distiller of the Year four times at the International Spirits Challenge in London, UK (2010, 2012, 2013, 2014), with Chief Blender Shinji Fukuyo being named Master Blender of the Year for the first time ever and Yamazaki® 12 Year Old being recognized as the Supreme Champion Spirit in 2024. Suntory Whiskies are subtle, refined, and complex. The portfolio includes Yamazaki®, Hakushu®, Chita®, Kakubin®, Hibiki®, Suntory Whisky Toki™ and Ao®. The House of Suntory portfolio also offers Roku™ Japanese Gin and Haku™ Japanese Vodka. Created from Japanese ingredients by the master artisans at The House of Suntory, Roku™ Gin and Haku™ Vodka represent the nature and spirit of Japan. In 2023, Suntory Whisky celebrated one hundred years of whisky innovation—a major milestone not only for the brand’s history, but for Japanese spirits culture as a whole. To mark this anniversary, The House of Suntory rolled out its centennial campaign throughout 2023.

ABOUT SUNTORY GLOBAL SPIRITS
As a world leader in premium spirits, Suntory Global Spirits inspires the brilliance of life, by creating rich experiences for people, in harmony with nature. Known for its craftsmanship of premium whiskies, including Jim Beam® and Maker’s Mark®; Japanese whiskies, including Yamazaki®, Hakushu®, Hibiki® and Toki™; and leading Scotch brands including Laphroaig® and Bowmore®, Suntory Global Spirits also produces leading brands such as Tres Generaciones® and El Tesoro® tequila, Roku™ and Sipsmith® gin, and is a world leader in Ready-To-Drink cocktails, with brands like -196 and On The Rocks™ Premium Cocktails. A global company with approximately 6,000 employees in nearly 30 countries, Suntory Global Spirits is driven by its core values of Growing for Good, Yatte Minahare and Giving Back to Society. The company’s Proof Positive sustainability strategy includes ambitious goals and investments to drive sustainable change and have a positive impact on the planet, consumers and communities. Headquartered in New York City, Suntory Global Spirits is a subsidiary of Suntory Holdings Limited of Japan.

For more information on Suntory Global Spirits, its brands, and its commitment to social responsibility, please visit www.suntoryglobalspirits.com and www.drinksmart.com. 
 

• Goal is to study the use of ethanol in engines as an alternative to diesel
• Tests will be conducted through 2027 in Vitória-Minas Railway fleet
• Partnership advances the decarbonization of the company’s rail operations

Vale and locomotive manufacturer Wabtec Corporation [NYSE: WAB] have announced a partnership to study a dual-fuel engine capable of running on both diesel and a diesel-ethanol blend. The studies will initially be conducted in laboratories to validate the concept and evaluate performance, emissions reduction, and ethanol/diesel substitution rate. The tests are expected to run through 2027 to assess future application in the Vitória-Minas Railway (EFVM) fleet.

The agreement to use ethanol, a renewable fuel that replaces fossil diesel consumption, is part of a series of joint initiatives with Wabtec to advance Vale’s rail decarbonization program. In January, the companies announced an agreement to purchase 50 locomotives equipped with Evolution Series engines capable of operating with up to a 25-percent biodiesel blend. In the coming years, Vale and Wabtec will conduct a series of tests aiming to further increase this percentage.

“Innovative initiatives like these, aimed at adopting alternative fuels in our locomotives, are part of Vale’s commitment to accelerating the decarbonization of our rail network,” said Carlos Medeiros, Vice President of Operations of Vale. “In 2024, Vale’s rail network accounted for 14% of the company’s carbon emissions”.

“For the first time, Wabtec will use ethanol as an energy source in a locomotive, a milestone in the global rail industry. We are committed to developing technological solutions that accelerate the transition to more efficient and sustainable transportation,” said Danilo Miyasato, President and Regional Leader of Wabtec LATAM.

Net Zero
In 2020, Vale announced its goal to reduce direct and indirect emissions (Scopes 1 and 2) by 33% by 2030. This is another step toward achieving net zero carbon emissions by 2050, in line with the Paris Agreement’s ambition to limit global warming to below 2°C by the end of the century. The company also committed to reducing net emissions from its value chain (Scope 3) by 15% by 2035.

About Vale
Vale is a global mining company that exists to improve life and transform the future together. One of the world’s largest producers of iron ore and nickel, and a significant copper producer, Vale is headquartered in Brazil and operates globally. Its operations include integrated logistics systems, with approximately 2,000 kilometers of railways, maritime terminals, and 10 ports around the world. Vale aims to be recognized by society as a benchmark in safety, the best and most reliable operator, a talent-driven organization, a leader in sustainable mining, and a reference in value creation and sharing.

About Wabtec
Wabtec Corporation (NYSE: WAB) is revolutionizing the way the world moves for future generations. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 155 years and has a vision to achieve a sustainable rail system in the U.S. and worldwide. Visit Wabtec’s website at www.wabteccorp.com.

By Steve Gelsi

Hiring more bankers is paying off, CEO Brian Moynihan says. Separately, Morgan Stanley’s stock hits a record as profit rises above forecasts.

Bank of America benefited from increased dealmaking on Wall Street.

Bank of America Corp.’s stock rallied Wednesday after the megabank’s third-quarter profit blasted past Wall Street expectations on a boost in dealmaking and record net interest income, as consumers and businesses kept spending.

With the good times mostly intact in recent weeks, Bank of America effectively lifted its fourth-quarter outlook for net interest income to a range of $15.6 billion to $15.7 billion, from a range of $15.5 billion to $15.7 billion.

Bank of America’s stock (BAC) rose 4% in recent afternoon trading. The stock briefly reached an 18-year high when it was up 5.5% at its intraday high of $52.85 around midmorning.

Among other big banks, shares of Morgan Stanley (MS), which also reported quarterly results on Wednesday (see more below), ran up 5.4% toward a record close.

Bank of America Chief Executive Brian Moynihan said the bank’s across-the-board improvements in revenue and profit came after steady hiring of dealmakers to play to its strength in business banking and to win market share.

“You’re seeing a lot of activity in the midsized market in the U.S., which we are capturing through the combination of our investment-banking teammates and our commercial-banking teammates,” Moynihan told analysts on the bank’s conference call.

At the same time, the bank has reduced its headcount to about 213,000, from a peak of 217,000 seen over the past three years, as it boosts productivity with investments in technology such as its Erica virtual financial assistant, Moynihan said.

Against this backdrop, the bank’s third-quarter net income increased by 23% to $8.5 billion, or $1.06 a share, from $6.9 billion, or 81 cents a share, in the year-ago quarter.

Bank of America handily topped the FactSet consensus estimate of 95 cents a share. That marked the widest margin for a bottom-line beat since the first quarter of 2023.

Revenue for the latest quarter rose 11% to $28.1 billion, ahead of the Wall Street analyst estimate of $27.5 billion.

Investment-banking revenue increased by 43% to $2 billion, in a particularly big increase among its many business lines.

Despite jitters over the U.S. economy and volatility in markets because of tariffs and geopolitical upheaval during the third quarter, Bank of America’s provision for credit losses – the money it sets aside for bad loans – fell to $1.3 billion from $1.5 billion in the year-ago quarter.

The bank also said its net charge-offs, or money it doesn’t expect to be paid back on credit cards and other loans, dropped to $1.4 billion from $1.5 billion.

While investors grapple with the possibility of an artificial-intelligence bubble and jitters over high-profile bankruptcies of auto-parts maker First Brands and subprime-car-loan specialist Tricolor, client balances rose 11% to $4.6 trillion.

Read: Jamie Dimon warns, ‘When you see one cockroach, there are probably more,’ after Tricolor loan loss

Unemployment is still low, the stock market is at or near record highs, home prices are holding up and wage growth has continued, said Chief Financial Officer Alastair Borthwick.

“The consumer is spending more,” Borthwick said. “While [the media] may ask how they’re feeling, we tend to see how they’re spending, and right now the performance of credit cards is quite good.”

The bank has no exposure to Tricolor’s bankruptcy, Borthwick said. On Tuesday, rival JPMorgan Chase & Co. (JPM) said it had to book a loss on loans to Tricolor.

Bank of America took part in an asset-based loan to First Brands, but Borthwick said the bank’s money is backed by collateral and that the bank has a senior position among lenders in the loan.

CFRA analyst Kenneth Leon upgraded Bank of America’s stock to buy from hold and increased his price target to $58 a share from $52 a share, citing a boost in efficiency resulting from more digital engagement with customers.

“We expect operating leverage to continue in [the fourth quarter of] 2025 with disciplined cost controls and revenue growth,” Leon said. “More adoption for mobile banking and payment solutions is anticipated.”

Looking ahead, Leon said Bank of America faces more risk in traditional lending than capital markets.

“While the consumer remains resilient, we may see credit-card growth slow if the jobs market faces challenges ahead,” Leon said.

Among the highlights in its third-quarter results, the bank’s overall investment-banking team gained 1.36 percentage points of market share during the quarter.

Its third-quarter efficiency ratio improved by 3.29 percentage points.

The bank reported 1 million new credit-card accounts and 212,000 new checking accounts during the quarter.

Net interest income, or the profit it makes from loans minus the costs of paying interest on deposits, rose 9% from a year ago to $15.2 billion, slightly ahead of the consensus analyst estimate of $15.19 billion and a record for the bank.

The bank’s results come a day after JPMorgan Chase & Co., Citigroup Inc. (C), Wells Fargo & Co. (WFC) and Goldman Sachs Group Inc. (GS) all reported stronger-than-expected third-quarter earnings.

Morgan Stanley’s stock advances on fatter third-quarter profit

Morgan Stanley reported third-quarter net income that rose by 44% to $4.6 billion, or $2.80 per share, from $3.2 billion, or $1.88 per share, in the year-ago quarter.

Morgan Stanley topped the analyst estimate of $2.10 a share by 33%, which is its largest earnings beat on a percentage basis since December 2020, when it beat the analyst consensus estimate by 47.9%.

Morgan Stanley’s third-quarter revenue increased to $18.22 billion from $15.38 billion in the year-ago period, ahead of the analyst estimate of $16.69 billion.

The bank’s wealth-management unit saw a 30% pretax margin as it added $81 billion in net new assets.

Its institutional securities unit results were driven by a roughly $1 billion increase in its revenue to $4.1 billion, while its investment-banking business’s revenue jumped to $2.11 billion from $1.46 billion.

Morgan Stanley’s stock has climbed 30.2% in 2025. Meanwhile, Bank of America’s stock has gained 18.6%, ahead of the 13.1% rise in the S&P 500 index SPX and the Financial Select Sector SPDR ETF’s XLF 9.9% advance.

-Steve Gelsi

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