latest news in companies
Microsoft Sheds $357 Billion as Investors Question AI Costs and Cloud Growth
Redmond, Friday, 30 January 2026.
On Thursday, Microsoft experienced its sharpest sell-off since March 2020, erasing approximately $357 billion in market value. Despite reporting a 17% revenue increase to $81.3 billion and beating earnings estimates, investors punished the tech giant over slowing growth in its Azure cloud division. Crucially, CFO Amy Hood attributed the Azure miss—39% growth versus the 39.4% consensus—to infrastructure capacity constraints rather than a lack of demand. However, Wall Street’s anxiety is mounting over the sheer scale of capital expenditure, which reached $37.5 billion this quarter, and the company’s significant exposure to OpenAI. While analysts at Bernstein remain bullish on the long-term strategy, this massive correction signals a shift in market sentiment, where massive AI spending is now facing intense scrutiny regarding immediate returns on investment.
Moderna Taps Oncology Veteran Dr. David Berman to Lead Clinical Pipeline Development
Cambridge, Friday, 30 January 2026.
Immunotherapy veteran Dr. David Berman joins Moderna as Chief Development Officer, leveraging his history of leading the first T-cell receptor drug approval to accelerate the firm’s oncology and mRNA pipeline.
Saks Global Pivots to Luxury by Closing Majority of Off-Price Locations
New York, Friday, 30 January 2026.
In a decisive strategic pivot, Saks Global will shutter 62 off-price locations, effectively abandoning the discount sector to concentrate capital exclusively on its core full-price luxury business.
Analyst Urges Patience as Verizon Navigates Major Strategic Turnaround
New York, Thursday, 29 January 2026.
Despite investor impatience, analysts warn it is premature to judge Verizon’s pivot. The strategy hinges on a newly finalized $20 billion acquisition targeting a massive 40% reduction in customer churn.
