Dow Jones Top Company Headlines at 7 am ET: Musk's Boring Co. Pushes Investors for Recruiting, Business Help | the ...

Dow Jones
09/04

Musk's Boring Co. Pushes Investors for Recruiting, Business Help

Billionaire's tunneling startup makes unusual demands of backers to participate in latest funding round.

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The Cancer Vaccine Gold Rush Has Begun. So Has the Race for Picks and Shovels.

Tempus AI could capture a lucrative slice of Moderna and Merck's personalized cancer therapy business, with Personalis at the center of the bet.

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The 'Deeply Nerdy' Founders Behind Nvidia's $13 Billion Bet on Hugging Face

The startup began as an emoji-named app for teens before becoming a crusader for open-source artificial intelligence.

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Tesla Cybercabs Hit Austin Streets in Expansion of Robotaxi Service

The driverless rides reflect Elon Musk's push to turn the EV maker into an autonomous-vehicle giant.

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A Start-Up Called Nothing Has Raised $450 Million. It's Coming for the iPhone.

Venture capital funding for consumer tech has stalled as funds shift to artificial intelligence. That makes the story of Nothing, a start-up maker of phones and audio gear, all the more surprising.

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Drugmakers Halt Autoimmune Trials After Deaths, Life-Threatening Side Effects

Trial freezes by Novartis and Bristol Myers have triggered a race to understand why a promising autoimmune treatment turned risky.

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Adobe Names Anil Chakravarthy as Chief Executive Amid AI Transformation

Anil Chakravarthy has led Adobe's customer experience arm for the past six years and has led the development of several of the company's AI products.

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Oura's IPO Reveals High Growth for Smart-Ring Maker

The fitness tracker recently turned profitable and posted 74% revenue growth in the nine months ended in June.

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Volkswagen Board Approves Doubling Job Cuts to 100,000 in Surprise Move

The automaker will slash the number of models in its lineup, while its European plants face an unclear future. Its shares jumped.

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Lululemon Cuts Outlook Again After Another Tough Quarter for Sales

The activewear retailer said it now expects annual sales to be $10.35 billion to $10.5 billion, down from its previous guidance of $11 billion to $11.15 billion.

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Zscaler Loss Narrows As Revenue Soars, Boosted by AI

The company reported a loss of $3.37 million and said it would restructure and cut 3% of its workforce as it reallocates resources to support its AI and growth initiatives.

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OpenAI, Anthropic, Grok Operational After All Experienced Outages At the Same Time

Users of several different AI models were all experiencing outages at the same time on Thursday.

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Canada Picks Alstom to Build Passenger Railcars in Multibilllion-Dollar Deal

Canadian Prime Minister Mark Carney says the government would spend about 4.7 billion Canadian dollars (US$3.4 billion) to acquire new-generation passenger cars for state-owned Via Rail.

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Tyson Foods Cuts Revenue Guidance, Citing Cattle Pressure

The company said that it expects revenue in fiscal 2026 to rise by 1.5% to 2%, down from a previous range of 2.5% to 3.5%.

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Nvidia Agrees to Buy AI Platform Hugging Face for $13 Billion

The deal ramps up Nvidia's efforts to promote open-weight AI models that pose a competitive threat to OpenAI and Anthropic.

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Campbell's Cuts 13% of Workforce in Effort to Turn Around Struggling Operations

The cuts came as the soup-and-snack maker swung to a loss in the latest quarter, as higher costs pressured profitability and soft demand hurt sales.

 

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