latest news in companies

SpaceX Files for Record-Breaking Public Offering Targeting a Two Trillion Dollar Valuation

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

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

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.

DOJ Demands Apple and Google Reveal Identities of 100,000 Auto App Users

DOJ Demands Apple and Google Reveal Identities of 100,000 Auto App Users

Washington, Wednesday, 20 May 2026.
Sparking major privacy concerns, the DOJ is demanding Apple and Google surrender personal data of over 100,000 EZ Lynk app users to investigate alleged vehicle emissions violations.

Roche Debuts Seven-Minute Lung Cancer Injection in India

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.

OpenAI Prepares to Go Public with Historic Offering Expected This Week

OpenAI Prepares to Go Public with Historic Offering Expected This Week

San Francisco, Wednesday, 20 May 2026.
With a staggering $850 billion valuation, OpenAI is preparing to file for a public offering this Friday, a historic move set to reshape the artificial intelligence investment landscape.

Stephen Colbert's Late-Night Exit Highlights Media and Political Shifts

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.

Marvell Technology Faces Crucial Earnings Test After Stock Doubles in 2026

Marvell Technology Faces Crucial Earnings Test After Stock Doubles in 2026

Santa Clara, Wednesday, 20 May 2026.
As Marvell approaches its May 27 earnings, analysts weigh a 107% stock surge against insider selling, focusing on a projected $30 billion artificial intelligence revenue pipeline by 2033.

James Murdoch Reenters Publishing with $300 Million Acquisition of Vox Media Assets

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

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.