Audi Plans $4 Billion Georgia Factory
Audi plans to invest about $4 billion in its first U.S. manufacturing plant, located at the Middle Georgia Megasite near Macon. The facility would produce the Q7, Q8 and Q9 SUVs and create about 4,500 jobs, pending approval from Volkswagen's supervisory board.
Eli Lilly Reports Phase 1 Ovarian Cancer Combination Results
Eli Lilly reported Phase 1 results for sofetabart mipitecan plus bevacizumab in platinum-sensitive ovarian cancer, with a 33-woman cohort showing a 79% confirmed objective response rate and a 100% disease control rate among 29 evaluable patients.
Eli Lilly & Co
Bloom Energy Jumps After Musk Flags AI Power Constraints
Bloom Energy shares rose nearly 6% in extended trading after Elon Musk said power, cooling and infrastructure are the main limits on deploying superintelligence. The stock closed at $238.53 on October 21, 2026, up 7.13% in regular trading, and has climbed more than 174% in 2026 as of October 22, 2026.
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Microsoft Joins 15 Companies Objecting to OKXICE Plan
Microsoft formally objected in October 2026 to OKXICE's plan to trade tokenized versions of its shares, joining 15 other companies including Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald's and Western Digital.
Meta Reports $64.6 Billion in Quarterly Revenue
Meta Platforms reported third-quarter 2026 revenue of $64.60 billion, up 26% year-over-year, with diluted earnings per share of $3.83. The company also raised its full-year capital expenditure and expense guidance.
Tesla's Mixed Quarter Brings Cautious Robotics Outlook
Tesla reported mixed third-quarter 2026 earnings and cut its full-year capital expenditure forecast to $20 billion from $25 billion. Shares rose 1% after the results, then fell 3% in after-hours trading following Elon Musk's cautious comments on Optimus and robotaxi timelines, while Asian suppliers also declined.
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Chip Stocks Rally After Eight Session Selloff
The Philadelphia Semiconductor Index rallied 2% on Wednesday after an eight-session selloff, with Benzinga tying the rebound to SpaceX's third-quarter report showing its AI business turning profitable. Super Micro Computer raised its fiscal first-quarter revenue guidance, and its shares jumped 9.6%.
JPMorgan Reports Over $230 Billion in Security Initiative Deals
JPMorgan Chase reported that it financed and facilitated more than $230 billion in transactions across roughly 380 deals in the first year of its Security and Resiliency Initiative, a 10-year plan launched in October 2025 to facilitate, finance and invest $1.5 trillion in industries critical to economic security and…
Meta Ordered to Pay $25 Billion in New Mexico
A New Mexico state court judge ordered Meta Platforms Inc to pay a $25 billion civil penalty for deceiving users about privacy on Facebook. The penalty follows a jury verdict finding more than 43 million violations of the state's Unfair Practices Act.
HSBC CEO Says AI Won't Lift Every Data Center
HSBC CEO Georges Elhedery said not every data center will be a good investment and urged a selective approach based on tenancy agreements and contract pricing. HSBC itself has financed data center deals, including AirTrunk's A$16 billion refinancing.
Tesla and SpaceX Form Merger Review Committees
Tesla and SpaceX have formed special committees to discuss a potential merger, Elon Musk said on October 20, 2026, adding that no agreement on terms has been reached and there is no guarantee one will be. Musk said the committees were created at shareholders' request.
Salesforce Agrees to Acquire Braze for $5.66 Billion
Salesforce has agreed to acquire Braze for approximately $5.66 billion in enterprise value, with Braze shareholders receiving $47.50 in cash per share. The deal, unanimously approved by Braze's board, is expected to close in Salesforce's fiscal year 2028, pending shareholder and regulatory approval.
