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Mattel Shares Surge as Takeover Interest Triggers Analyst Upgrade

Mattel Shares Surge as Takeover Interest Triggers Analyst Upgrade

El Segundo, Tuesday, 13 October 2026.
Seaport Global upgraded Mattel to a Buy rating with a $20 target, as takeover offers from suitors like Authentic Brands signal significant underappreciated value in the toy maker.

Amazon Web Services Modernizes Serverless Cloud Computing to Speed Up Applications

Amazon Web Services Modernizes Serverless Cloud Computing to Speed Up Applications

Seattle, Tuesday, 13 October 2026.
AWS introduced Lambda Web Functions, enabling standard web apps to run natively without code changes. Crucially, billing shifts to active CPU time, ignoring idle waiting periods for database queries.

Meta Sues British Regulator to Block Multi-Billion-Dollar Fine Calculations

Meta Sues British Regulator to Block Multi-Billion-Dollar Fine Calculations

London, Tuesday, 13 October 2026.
Meta launched High Court proceedings on October 13, 2026, challenging Ofcom’s power to base penalties on global revenues, a ruling that could redefine international tech regulation.

Oil Producer Faces Deepening Losses and Liquidity Strain Despite Permian Drilling Progress

Oil Producer Faces Deepening Losses and Liquidity Strain Despite Permian Drilling Progress

Houston, Tuesday, 13 October 2026.
Heavy derivative losses dragged EON Resources’ quarterly revenue down to $968,193 while operating losses reached $6.2 million, leaving the firm with just $129,772 in cash and ongoing going-concern warnings.

Citigroup Profits Jump 40 Percent on Strong Investment Banking

Citigroup Profits Jump 40 Percent on Strong Investment Banking

New York, Tuesday, 13 October 2026.
Citigroup reported a 40 percent surge in third-quarter net income to $5.25 billion, beating Wall Street estimates through strong investment banking growth, even as credit card profits declined.

Regulators Target Martin Shkreli Over Alleged Drug Industry Ban Violation

Regulators Target Martin Shkreli Over Alleged Drug Industry Ban Violation

Washington, Tuesday, 13 October 2026.
US regulators asked a court to hold Martin Shkreli in contempt, alleging he violated a lifetime industry ban by trading over 60 drug stocks and promoting investments online.

How Workday and Anthropic Are Streamlining Corporate Finance and HR Management

How Workday and Anthropic Are Streamlining Corporate Finance and HR Management

San Francisco, Tuesday, 13 October 2026.
On October 12, 2026, Workday partnered with Anthropic to integrate Claude’s reasoning into corporate software, enabling automated financial closes and HR tasks while preserving enterprise security rules.

Major Women in Technology Conference Cancelled Over Budget Shortfalls

Major Women in Technology Conference Cancelled Over Budget Shortfalls

Anaheim, Tuesday, 13 October 2026.
Organizers abruptly cancelled the 2026 Grace Hopper Celebration due to unexpected funding shortfalls, disrupting crucial diversity hiring and networking pipelines for over 700 technology companies.

Clean Energy Producer Achieves $12 Million Sales Surge

Clean Energy Producer Achieves $12 Million Sales Surge

Reno, Tuesday, 13 October 2026.
XCF Global generated over $12 million in September product sales as daily renewable diesel output hit 85,000 gallons, nearing maximum capacity at its key Nevada facility.

Semiconductor Giant AMD Partners With Fermi to Back Mass Scale AI Power Deal

Semiconductor Giant AMD Partners With Fermi to Back Mass Scale AI Power Deal

Santa Clara, Tuesday, 13 October 2026.
On October 12, 2026, Fermi Inc. secured AMD’s credit support alongside a $6.5 billion deal with TensorWave, unlocking 222 megawatts of power for AI infrastructure in Texas.