Sam Altman's Business Dealings Under GOP Scrutiny Ahead of OpenAI's IPO
The Republican-led House Oversight Committee says it is investigating, and six GOP state attorneys general are calling for SEC review after a WSJ article.
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Elon Musk's Grok Is Losing Ground in AI Race
Adoption by business and consumer users has slowed as parent SpaceX rents out spare computing capacity to rival Anthropic.
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Byron Allen to Acquire Majority Stake in BuzzFeed for $120 Million
Allen, whose company Allen Media Group owns the Weather Channel and more than 30 network affiliate broadcast channels, plans to acquire 40 million shares for $3 apiece, BuzzFeed said.
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Hims & Hers Health Swings to First-Quarter Loss as Weight-Loss Pivot Drives Up Costs
The telehealth platform also warned it could face further profit pressures ahead, citing heavier investments in areas such as international expansion and technology.
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Micron and SK Hynix Stocks Surge. Thank Trouble at Samsung.
Micron and SK Hynix stocks rose Monday. Memory-chip rival Samsung could be about to take a hit to production.
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BMO Financial Group to Sell Transportation-, Vendor-Finance Businesses to Stonepeak
The proposed sale includes a combined loan and lease portfolio in the U.S. and Canada that totals about $10.6 billion as of the end of March.
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Victoria's Secret Accuses Major Investor of Spying to Get Sales Data
The lingerie retailer claims an adviser to billionaire Brett Blundy visited at least 17 stores and gained trade secrets.
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GoPro Reviewing Possible Sale After Receiving Inquiries
The wearable camera maker said it received inquiries related to mergers and acquisitions after it made efforts to expand into the defense and aerospace industries.
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Rigetti Computing Revenue Triples. Why the Quantum Stock Is Falling.
Revenue at the quantum computing firm triples in its latest quarter, but the stock reaction to first-quarter earnings is muted.
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Microsoft CEO Testifies About Sam Altman's Firing in Elon Musk Megatrial
Satya Nadella also testified about Microsoft's partnership with OpenAI and the company's support of Altman.
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Sony, GIC Venture Strikes Deal to Buy Recognition Music Catalog From Blackstone
The deal will give Sony Music Publishing ownership of works performed by Beyonce, Lady Gaga, Journey, Red Hot Chili Peppers and others.
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IHeartMedia Revenue Rises on Demand for Digital, Podcast Advertising
The streaming media and radio company's revenue rose 9.6% to $884.2 million in the first quarter.
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Webtoon Entertainment Gives Dim Second-Quarter Sales View
The digital comics platform's shares fell in after hours trading after it said it expects revenue to rise 1.7% to 4.6% on a constant currency basis for the current quarter.
(END) Dow Jones Newswires
May 12, 2026 01:00 ET (05:00 GMT)
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