latest news in companies
Bezos Labels Washington Post His Worst Investment Amid Staff Cuts and Backlash
Washington D.C., Thursday, 18 June 2026.
Jeff Bezos privately called The Washington Post his ‘worst investment’ and its staff ‘terrible’ during a 2024 dinner with Donald Trump, just months before slashing 300 jobs. The revelation, from an upcoming book, exposes deep tensions as the newspaper faces $100 million in losses, subscriber cancellations, and accusations of prioritizing profits over journalism. Bezos’ blunt remarks raise questions about his long-term vision for the iconic but struggling publication.
Meta’s AI Gamble: Record Low Morale Amid Billion-Dollar Restructuring
Menlo Park, Thursday, 18 June 2026.
Meta’s CTO admits employee morale is at an all-time low, calling the AI-driven reorganization ‘atrocious.’ With $145 billion poured into AI in 2026—double last year’s spend—and 14,000 jobs cut or canceled, the company’s aggressive pivot is reshaping its workforce. Performance reviews now hinge on AI adoption, and more layoffs loom. The question isn’t just about survival—it’s whether Meta can execute its vision without losing its people.
A Biotech Firm’s Bold Bet: Why LIXTE Is Betting Its Future on AI’s Power Crisis
New York, Thursday, 18 June 2026.
A Nasdaq-listed biotech company is making a radical pivot—abandoning its original business to become a power company. LIXTE Biotechnology is merging with NOMAD Transportable Power Systems to form NOMAD Power Solutions, a pure-play deployable power firm. The move comes as AI’s explosive growth creates an unprecedented energy crunch, with data centers demanding more electricity than grids can supply. NOMAD’s revenue surged 175% in 2025, and the company is already fielding 30+ active customer opportunities. The deal, expected to close by July 1, 2026, includes a $6.5 million pre-closing loan to fuel expansion. This transformation could signal a broader trend: tech companies racing to secure their own power sources in an era of energy scarcity.
Why FatPipe’s SD-WAN Award Signals a Shift in Enterprise Networking
Salt Lake City, Thursday, 18 June 2026.
FatPipe just won the 2026 Visionary Spotlight Award for SD-WAN, a rare honor in a market projected to grow rapidly. What makes this win stand out? The award validates FatPipe’s ability to deliver resilient, high-performance networks—critical as businesses race to adopt hybrid work and cloud solutions. With downtime costing enterprises millions, FatPipe’s innovation in failover and traffic management could redefine how companies stay connected.
Worksport Stock Soars as Investor Bets Big on EV Innovation
New York, Thursday, 18 June 2026.
A mystery investor just paid double the market price—$1.20 per share—for Worksport stock, signaling rock-solid confidence in the company’s solar-powered truck tech. With plans to unlock up to $10 million more, this vote of faith could fast-track Worksport’s push into the booming EV accessory market.
How a $125 Million Deal Could Transform Drone-Based Infrastructure Inspections
Sunnyvale, Thursday, 18 June 2026.
Ondas Holdings is set to acquire Cyberhawk, a leader in autonomous drone inspections and AI analytics, for $125 million—95% in cash. The deal, expected to close in Q3 2026, will integrate Cyberhawk’s 300+ global energy clients and $95 million backlog, boosting Ondas’ critical infrastructure capabilities. The real game-changer? Cyberhawk’s recurring revenue model, with 95% of its $45M+ projected FY2027 revenue locked in via multi-year contracts, and EBITDA margins poised to surge from single digits to over 25% by 2030.
The Credit Card That Pays for AI Training—Not Groceries
New York, Thursday, 18 June 2026.
A groundbreaking GPU credit card lets businesses train AI models now and pay later, slashing upfront costs. The first of its kind, it could unlock AI innovation for startups by turning GPU hours into a flexible expense—no cash upfront required.
Golf’s Distance Dilemma: Why the Ball Rollback Was Delayed Until 2030
New York, Thursday, 18 June 2026.
Golf’s governing bodies have postponed new ball regulations until 2030, bowing to industry pressure. The delay reveals a deeper conflict: modern equipment is making historic courses obsolete, yet manufacturers and tours fear disruption. The most striking fact? Elite players now routinely drive 320+ meters, turning par-4s into wedge contests and forcing costly course redesigns. This isn’t just about fairness—it’s about the future of the sport.
How Hillside Enterprises is Shaping the Future of AI and Finance in 2026
New York, Thursday, 18 June 2026.
Hillside Enterprises reports record mid-year growth, with £700 million in lending and zero investor losses. Discover how their AI and robotics investments are redefining tech-driven finance and automation trends.
Wyoming Gold Discovery Could Reshape U.S. Mining Investment
Cheyenne, Thursday, 18 June 2026.
A groundbreaking survey at Wyoming’s South Pass project has uncovered 15 high-priority gold drill targets, some linked to multi-kilometre mineralized corridors—potentially unlocking a major domestic gold source. With 44 anomalies detected, this could reduce U.S. reliance on foreign critical minerals and attract billions in mining investment.