Open
The Marked Chart Wire · Business
OpenAI
OpenAI is said to have reduced its fundraising goal from $30 billion to $20 billion and lowered its valuation target to $1.25 trillion. Investors including MGX and SoftBank are scaling back commitments ahead of a potential IPO.
Part of a series: OpenAI scales back funding target after product launches
New to this? Read: Reading a stock chart
Anthropic IPO
Market participants are said to be weighing a valuation between $1.2 trillion and $1.3 trillion for a potential initial public offering by the AI company.
Tesla
Elon Musk stated that Tesla will wind down Cybertruck manufacturing at its Texas facility around mid-2027 to boost robotaxi output. US sales of the truck fell 48 percent in 2025, falling short of the 250,000 unit goal set by Musk.
Qualcomm
Alphabet acquired a stake in Qualcomm during the third quarter as the chipmaker pursues $15 billion in data center revenue by 2029. Amazon secured rights to buy up to $60 billion in Qualcomm AI chips.
HotModerna
Moderna reported third-quarter revenue of $1.313 billion, up 29 percent year over year, and returned to GAAP profitability. The company increased its 2026 revenue growth forecast to 15-25 percent and cut R&D spending plans.
Obesity Drugs
Eli Lilly and Hims & Hers announced a partnership to distribute FDA-approved obesity treatments through Hims' telehealth platform. Foundayo starts at $149 per month, while Zepbound is priced at $299 per month.
HotHumana
The insurer posted a third-quarter adjusted loss of 70 cents per share, down from a prior-year profit. Management raised full-year adjusted earnings estimates to at least $9.50 per share.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.