Latest Corporate News News
Tesla Reports Record Q4 Profits, Stock Surges 8%
Tesla announced record quarterly profits driven by Cybertruck deliveries and energy storage growth, beating analyst expectations. Elon Musk highlighted AI integration in vehicles as key to future revenue. Shares jumped 8% in after-hours trading [1].
Amazon Launches New AI Chip for Cloud Services
Amazon Web Services unveiled Trainium3, a new AI chip promising 50% better performance than competitors for machine learning workloads. The chip aims to reduce costs for AI training amid booming demand. CEO Andy Jassy called it a game-changer [2].
Boeing Secures FAA Approval for 737 MAX Updates
The FAA granted approval for Boeing's software updates to the 737 MAX fleet following safety reviews. This clears the path for increased production in 2026. Boeing stock rose 4% on the news [3].
Microsoft Acquires AI Startup for $10 Billion
Microsoft completed its $10 billion acquisition of xAI Labs to bolster Azure's generative AI capabilities. The deal includes key talent and patents in multimodal AI. It positions Microsoft ahead in the AI arms race [4].
Pfizer and BioNTech Partner on New Cancer Vaccine
Pfizer and BioNTech announced a collaboration on mRNA-based personalized cancer vaccines targeting melanoma and lung cancer. Early trials show 40% efficacy improvement. Shares of both companies gained 3-5% [5].
Apple Unveils Vision Pro 2 with Enhanced AI Features
Apple revealed the Vision Pro 2 mixed-reality headset with on-device AI processing and improved battery life. Priced at $2,499, it targets enterprise users first. Pre-orders begin next month [6].
Nvidia Hits $4 Trillion Market Cap Milestone
Nvidia became the first company to reach $4 trillion market capitalization, fueled by AI chip demand. CEO Jensen Huang teased next-gen Blackwell chips for 2026. The stock is up 150% YTD [7].
Disney Agrees to $90 Billion Hulu-Spinoff Merger
Disney finalized a merger spinning off Hulu into a joint venture with Comcast, valued at $90 billion. The move aims to streamline streaming operations amid subscriber losses. Analysts praise the cost synergies [8].
Intel Announces $20 Billion Foundry Expansion in Ohio
Intel broke ground on a $20 billion semiconductor fab in Ohio, creating 3,000 jobs and boosting U.S. chip independence. Funded partly by CHIPS Act grants, production starts in 2027. Shares ticked up 2% [9].
Meta Platforms Settles Antitrust Lawsuit for $500 Million
Meta agreed to a $500 million settlement in a class-action antitrust suit over data privacy practices. The company denied wrongdoing but aims to resolve ongoing probes. Impact on users minimal [10].
Chevron Acquires Hess in $53 Billion All-Stock Deal
Chevron closed its $53 billion acquisition of Hess, gaining prime Guyana oil assets. The deal enhances Chevron's low-cost portfolio amid rising energy demand. Exxon arbitration resolved favorably [11].