latest news in companies
AST SpaceMobile Shares Slide Following Announcement of $1 Billion Capital Raise
Midland, Thursday, 12 February 2026.
Stock dropped 11% as the company seeks $1 billion via convertible notes to restructure debt and scale operations, overshadowing the successful deployment of its next-generation BlueBird 6 satellite.
Stellantis Issues Critical 'Do Not Drive' Order for 225,000 Older US Vehicles
Detroit, Thursday, 12 February 2026.
On February 11, 2026, Stellantis issued a severe “Do Not Drive” warning for approximately 225,000 older Dodge, Chrysler, Jeep, and Ram vehicles across the United States. This directive addresses the critical danger posed by defective Takata airbag inflators, which risk exploding and projecting metal shrapnel upon deployment—a defect already linked to 28 deaths nationally. Despite the automaker having successfully repaired 95% of the affected fleet over the last decade, this urgent move underscores the persistent operational and safety liabilities associated with the massive Takata recall. Owners of specific 2003–2016 models are advised to cease vehicle operation immediately, as the chemical propellant in these aging inflators degrades dangerously over time, significantly increasing the risk of fatal rupture.
Cisco Surpasses Q2 Estimates with AI Momentum, Yet Shares Stumble
San Jose, Wednesday, 11 February 2026.
Despite beating Wall Street estimates with $15.3 billion in revenue and securing $2.1 billion in AI infrastructure orders, Cisco shares slipped. The market’s counterintuitive reaction signals that investor focus has shifted from current operational beats to broader valuation concerns within the hardware sector.
Select S&P 500 Leaders Achieve Dual Milestones of Sales Growth and Margin Expansion
New York, Wednesday, 11 February 2026.
A distinct cohort, including Palantir and Alphabet, distinguishes itself this earnings season by successfully combining double-digit revenue surges with expanded profit margins, signaling robust operational efficiency.
Shopify Beats Revenue Estimates and Reveals $2 Billion Stock Repurchase
Ottawa, Wednesday, 11 February 2026.
On February 11, 2026, Shopify reported a 31% surge in holiday-quarter revenue, reaching $3.67 billion and defying economic headwinds. Buoyed by resilient consumer spending and a strong 2026 outlook, the e-commerce giant also authorized a new $2 billion share buyback program, signaling robust confidence in its long-term growth.
FDA Declines Review of Moderna’s Flu Vaccine Application Citing Study Design Issues
Cambridge, Wednesday, 11 February 2026.
The FDA rejected Moderna’s application over comparator selection—a decision management calls inconsistent with prior feedback—triggering a 9% stock drop despite unchanged 2026 financial guidance.