Avista Pauses 500 MW Data Center Deal Amid Community Backlash and Spokane Moratorium
Avista pauses a big data center deal after local pushback and permit moratorium, putting $350M growth plan at risk.
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Meta Faces Fresh Internal Turmoil as CTO Slams AI Reorg and Executive Exits
Meta CTO Andrew Bosworth admitted the company’s AI reorganization was “atrocious” and damaged employee trust. At the same time, the head of product for Meta’s “AI for work” transformation is leaving the company.
Gildan Activewear Craters After Short-Seller Accuses Massive Channel Stuffing
Jehoshaphat Research accused the apparel maker of channel stuffing and hiding $500 million in excess inventory.
Netflix Denies Lionsgate Acquisition Interest, Shuts Down Buyout Rumors
Netflix has officially denied rumors of acquiring Lionsgate Studios. The streaming giant quickly pushed back on takeover speculation amid fluctuating Lionsgate shares.
Microsoft Walks Away from $3 Billion Oracle Cloud Deal Over Security Concerns
Microsoft walked away from a potential $3 billion deal to lease Oracle cloud capacity due to security concerns, as Oracle’s public cloud lacks FedRAMP certification.
L3Harris Advances $2 Billion AXYV Missile Spin-Off IPO
L3Harris has selected JPMorgan and Morgan Stanley to lead the upcoming IPO of its missile business AXYV. The spin-off could raise up to $2 billion in 2026.