Dow Jones Top Company Headlines at 11 PM ET: Mark Zuckerberg Discussed Leaving California Over Wealth Tax | Musk …

Mark Zuckerberg Discussed Leaving California Over Wealth Tax

The Meta CEO feared a proposed billionaire tax in the state would force a major share sale, threatening his voting control of the company.

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Musk Says Tesla Aims to Begin Humanoid Robot Sales Next Year

Talk of a Tesla merger with SpaceX was off-limits on the earnings call.

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IBM Reports Higher Profit as Some Delayed Deals Come Through

IBM reported a higher third-quarter profit and growing revenue across its software and infrastructure segments, as it looks to prove to investors that its disappointing second-quarter showing was just a blip.

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Meta Will Split Stock, Create New Class to Fund AI Spending

The company, which reported record revenue of $64.6 billion for the third quarter, said the new stock won’t affect Mark Zuckerberg’s voting control.

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He Self-Funded a $45-Million Nicolas Cage Movie. Then It Was Stolen.

A little-known producer sued Netflix for $105 million after a drive containing the film went missing from the streamer’s offices.

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Mattel Adds Board Member As Activist Investor Pressure Mounts

Mattel named an executive from one of its largest shareholders, EdgePoint Investment Group, to its board of directors.

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Southwest Cuts Earnings Outlook Amid Rising Fuel Costs

The Dallas-based carrier now expects adjusted earnings per share to be $2.60 to $2.85 this year as fuel costs continue to weigh on airlines’ margins.

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Molina Healthcare Posts Lower Third-Quarter Profit, Revenue

The healthcare-services provider’s third-quarter profit fell to $38 million from $79 million a year earlier, impacted by lower membership in Medicaid and Marketplace.

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Texas Instruments Posts Higher Profit, Revenue

The Dallas-based semiconductor company posted a profit of $2.43 billion on broad based growth led by industry, automotive and data center.

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CSX Logs Higher Profit, Revenue on Rising Freight Volumes

The railroad operator reported a profit of $1.05 billion and revenue of $4.02 billion in the third quarter, driven by fuel surcharges and higher freight volumes.

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Nvidia Seeks to Slash Data Center Deployment Times with New DSX Pods

Speedier installations shorten the period during which customers incur data center expenses without generating revenue.

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Las Vegas Sands Disappoints on China, Destination Gaming Weakness

The company missed on both earnings per share and revenue expectations.

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Senators Express ‘Grave Concerns,’ Launch Inquiry into Google’s AI Push in Schools

Sens. Richard Blumenthal and Josh Hawley wrote to CEO Sundar Pichai following a WSJ investigation.

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Moderna is about to release the trial results for its cancer vaccine. A lot is riding on this data.

Moderna is one of the hottest stocks of the year because of its custom cancer treatment. Full Phase 3 data are set to be revealed this weekend.

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EBay to Cut 9% of Workforce in Latest Round of Layoffs

The company said the move, which will affect about 1,000 employees, aims to help it focus its resources on its top priorities, and that it would continue to hire in certain areas aligned with its strategy.

(END) Dow Jones Newswires

October 21, 2026 23:15 ET (03:15 GMT)

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