Corteva completed the spin-off of its seed and seed technology business into Vylor, leaving Corteva as a standalone global crop protection company and Vylor as an advanced seed and genetics business. Corteva shares fell 84% to $12.57 from Wednesday's $77.65 close in the planned separation, while Vylor finished its first trading session at $68.26; with shareholders receiving one Vylor share for each Corteva share, their combined holdings were worth approximately $81. At Friday's publication, Vylor was up 2.56% at $70.01 and Corteva was down 5.09% at $11.93, according to Benzinga Pro data. Corteva outlined an $11 billion crop protection pipeline, 2029 net sales of $8.4 billion-$8.7 billion and operating EBITDA of $1.45 billion-$1.65 billion. Vylor targets 2029 net sales of $11.2 billion-$11.9 billion and operating EBITDA of $3.3 billion-$3.7 billion, supported by a $19 billion technology pipeline and planned corn, soybean and wheat launches. The separation also changes S&P Dow Jones Indices membership before the Oct. 6 market open, including Vylor and Twilio entering the S&P 500 and Corteva moving to the S&P MidCap 400.