latest news in companies
SpaceX Files for Record-Breaking Public Offering Targeting a Two Trillion Dollar Valuation
Hawthorne, Wednesday, 20 May 2026.
SpaceX has filed for the largest public offering in history, targeting a staggering $2 trillion valuation that could officially make CEO Elon Musk the world’s first trillionaire.
Intuit Cuts 17 Percent of Global Workforce to Accelerate AI Strategy
Mountain View, Wednesday, 20 May 2026.
Despite raising its 2026 financial forecasts, software giant Intuit is slashing 17 percent of its workforce to aggressively pivot toward artificial intelligence, prioritizing operational efficiency over headcount.
Texas Driver Arrested After Submerging Tesla Cybertruck to Test Water Capabilities
Austin, Wednesday, 20 May 2026.
A Texas man faces boating charges after intentionally driving his Tesla Cybertruck into a lake to test its water capabilities, highlighting the legal risks of testing extreme vehicle features.
Roche Debuts Seven-Minute Lung Cancer Injection in India
New Delhi, Wednesday, 20 May 2026.
Roche has introduced a seven-minute lung cancer injection in India, drastically reducing treatment times from hours to minutes. This innovation enhances hospital efficiency, though high costs challenge broad accessibility.
Stephen Colbert's Late-Night Exit Highlights Media and Political Shifts
New York, Wednesday, 20 May 2026.
Stephen Colbert leaves CBS’s late-night stage this Thursday. His exit coincides with Paramount’s $16 million settlement with Donald Trump, sparking debate over whether politics or economics forced the cancellation.
James Murdoch Reenters Publishing with $300 Million Acquisition of Vox Media Assets
New York, Wednesday, 20 May 2026.
Valued at $300 million, James Murdoch’s May 2026 acquisition of Vox Media assets signals a strategic pivot toward independent journalism, further distancing him from his family’s conservative empire.
Disney+ Introduces Hulu Profile Syncing to Unify the Streaming Experience
Burbank, Wednesday, 20 May 2026.
Disney+ now allows users to sync their Hulu profiles, consolidating watch histories. Intriguingly, despite this push for a unified streaming experience, the standalone Hulu app will not be retired.