latest news in companies
Walmart Joins Exclusive $1 Trillion Club Following Digital Pivot
Bentonville, Tuesday, 3 February 2026.
Walmart officially surpassed a $1 trillion valuation today, becoming the first traditional retailer to join an elite club previously dominated by technology giants, driven by aggressive e-commerce expansion.
French Authorities Raid X Offices as Investigation into Deepfakes and Child Safety Expands
Paris, Tuesday, 3 February 2026.
On Tuesday, Paris cybercrime prosecutors executed a raid on X’s French headquarters, signaling a critical turning point in the platform’s European regulatory challenges. The investigation, which initially scrutinized algorithm manipulation, has broadened to serious allegations regarding the distribution of child sexual abuse material and non-consensual deepfakes generated by the Grok AI. In a move defining the stakes of executive liability, prosecutors have formally summoned Elon Musk and former CEO Linda Yaccarino for questioning in Paris this April, escalating the legal pressure on the social media giant.
Disney Names Parks Chairman Josh D'Amaro as Next CEO Effective March 18
Burbank, Tuesday, 3 February 2026.
Disney officially appoints Josh D’Amaro as CEO, succeeding Bob Iger on March 18, 2026. The choice of the parks chairman underscores the critical financial importance of Disney’s experiential division.
Goldman Sachs Top Lawyer Faces Scrutiny Over Revealed Correspondence with Jeffrey Epstein
New York, Tuesday, 3 February 2026.
Documents reveal Goldman’s top lawyer referred to the financier as “Uncle Jeffrey” and solicited his career help, raising serious questions about executive vetting at the Wall Street giant.
OpenAI Explores Chip Alternatives as Reports of Tension with Nvidia Surface
San Francisco, Tuesday, 3 February 2026.
Reports emerging this week indicate OpenAI is actively seeking alternatives to Nvidia’s hardware, citing dissatisfaction with the efficiency of recent chips for specific software development tasks. Despite OpenAI CEO Sam Altman’s public dismissal of these claims on February 3, 2026, sources reveal the company has engaged with competitors like AMD and Groq since late last year. The most critical development is the reported stalling of a massive $100 billion investment partnership between the two firms, suggesting the alliance driving the AI boom may be fracturing. This strategic pivot could threaten Nvidia’s near-total market dominance and signals a broader industry move toward infrastructure diversification to optimize costs and performance.
S&T Bancorp Leads Regional Banking Gains Amidst Strong Fourth Quarter Sector Performance
San Rafael, Tuesday, 3 February 2026.
S&T Bancorp delivered an 11.5% revenue jump, outperforming a resilient regional sector where average revenues beat estimates by 1.4%, highlighting significant growth momentum for select US lenders.
Tesla Launches $41,990 AWD Model Y as Focus Shifts from Legacy Sedans
Austin, Tuesday, 3 February 2026.
On February 2, 2026, Tesla expanded its U.S. offerings with a new All-Wheel Drive Model Y priced at $41,990, aiming to capture cost-conscious buyers in a post-subsidy market. While the aggressive pricing addresses cooling EV demand and rising competition, the move serves as a prelude to a radical structural pivot. In a definitive break from its origins, Tesla is discontinuing the flagship Model S and Model X lines at its Fremont facility. This capacity will be reallocated to the production of Optimus humanoid robots and Cybercabs, marking a historic transition from luxury automotive manufacturing toward a future centered on mass-market volume and autonomous robotics.
SpaceX Acquires xAI in $1.25 Trillion Merger to Integrate Space and Artificial Intelligence
Hawthorne, Tuesday, 3 February 2026.
Valued at $1.25 trillion, this historic consolidation integrates generative AI with aerospace, aiming to launch orbital data centers and redefining the valuation landscape for private technology sectors.
Watts Water Technologies Climbs to Record High Amid Industrial Sector Strength
North Andover, Tuesday, 3 February 2026.
Trading at a record $306.07, the water solutions leader has surged over 48% this past year, fueled by strategic acquisitions and rising institutional interest in infrastructure equities.
OS Therapies Targets September Approval for Osteosarcoma Drug with FDA Filing
Rockville, Tuesday, 3 February 2026.
The company initiated its regulatory filing for OST-HER2. Approval by September would secure a Priority Review Voucher, recently valued at $200 million, adding significant financial upside.