latest news in companies
Chip Equipment Leader ASML Raises Forecast as Artificial Intelligence Drives Record Demand
Veldhoven, Wednesday, 14 October 2026.
ASML reported higher third-quarter profits and raised its 2026 sales forecast, warning that surging artificial intelligence demand will cause equipment shortages through 2028 as customers request orders reaching 2030.
Blancco Launches Artificial Intelligence Platform to Automate Corporate Data Erasure
Austin, Wednesday, 14 October 2026.
Blancco Technology Group has launched Blancco Blue, an artificial intelligence platform leveraging insights from 500 million data erasures to automate corporate hardware sanitization and compliance reporting.
CVS Health Agrees to Pay $315 Million Over Illegal Opioid Prescriptions
Woonsocket, Wednesday, 14 October 2026.
CVS Health agreed to pay $315 million to settle federal claims that it knowingly filled invalid opioid prescriptions and billed Medicare, driven by corporate metrics prioritizing profit over safety.
Nvidia Expands European Reach with Investment in Four French Technology Startups
Paris, Wednesday, 14 October 2026.
Nvidia has acquired equity stakes in four French startups as part of its nearly $10 billion European commitment, embedding its artificial intelligence infrastructure across key regional industries.
Gallo Mechanical Expands Into Georgia Industrial Corridor With New Acquisition
Atlanta, Wednesday, 14 October 2026.
Gallo Mechanical acquired Georgia-based Cherokee Mechanical, targeting Atlanta’s booming industrial hub in a transaction highlighting the rapid private equity consolidation of the Southeast commercial services market.
Chip Equipment Giant ASML Reports Record Sales as Artificial Intelligence Boom Drives Global Demand
Veldhoven, Wednesday, 14 October 2026.
ASML Holding reported record third-quarter net sales of €11.7 billion and €5.0 billion in net income, driven by immense global demand for artificial intelligence chips and lithography equipment.
Chinese Demand Slump Drives Down LVMH Fashion Sales in Third Quarter
Paris, Wednesday, 14 October 2026.
LVMH reported a 5% decline in third-quarter fashion and leather sales, driven by a double-digit drop in mainland China. Despite US spending gains, weakening Asian demand highlights broader headwinds for the luxury sector.