Business News 21 October 2025

MongoDB’s CEO Shake-Up: 11-Year Veteran Departs as Cloudflare Exec Takes Charge Amid Stock Surge

Leadership Transition at MongoDB MongoDB’s announcement on November 3, 2025 signaled a major leadership shake-up for the $29 billion database company. Dev Ittycheria, who has served as CEO since 2014, will be stepping down after an 11-year tenure leading MongoDB markets.ft.com.

3 November 2025

OpenAI’s $500B Overhaul Rocks Tech World: Microsoft Snags $135B Stake and AI ‘Arms Race’ Ignites

Mission-Focused Overhaul On Oct. 28, OpenAI announced it had “completed its recapitalization” openai.com, simplifying its complex corporate structure. OpenAI – founded in 2015 as a nonprofit – now has two layers: the OpenAI Foundation (nonprofit) and the OpenAI Group PBC (public

30 October 2025

Artificial Intelligence · Business · Industry Trends · Investments · NASDAQ:AMD · NASDAQ:MSFT · NASDAQ:NVDA · Technology News

Metsera Stock Skyrockets as Pfizer-Novo Clash in $9B Bidding War

Bidding War Sends Metsera Shares Higher Metsera’s share price has been on a roller-coaster amid takeover speculation. In late September, Pfizer agreed to buy Metsera for $47.50 per share in cash (about $4.9B) plus up to $22.50 in contingent payments

30 October 2025

Business · Investing · Mergers & Acquisitions · NASDAQ:MTSR · NYSE:NVO · NYSE:PFE · Pharma News · Stock Market

Branson’s Bold Move: Virgin Trains Poised to End Eurostar’s 30-Year Channel Tunnel Monopoly

Breaking the Monopoly For the first time since 1994, a train company other than Eurostar will be allowed to run passenger services through the Channel Tunnel. On 30 October 2025 the Office of Rail and Road (ORR) announced it had

30 October 2025

Business · Europe · Innovation · NYSE:ALO · Railways · Transportation

Shocking Auto News: Group 1 Automotive Ditches Jaguar Land Rover UK Dealers – Shares Tumble

Group 1’s Exit – Company’s View Group 1 Automotive (a Fortune 250 dealer group) said it is divesting its entire UK JLR franchise network. In a statement accompanying its Q3 results, Group 1 explained that “persistent economic headwinds” in the UK have made the

29 October 2025

Automotive News · Business · Car Industry · Dealerships · Stock Market

Boeing Scores Asia Mega-Deals Thanks to Trump – But Q3 Earnings Could Reveal a $4 Billion Shock

Trump’s Asia Tour Boosts Boeing Sales Boeing is riding a wave of major order wins from Asia as it heads into its Q3 earnings announcement. During a late-October trip through Asia, President Trump helped secure several big-ticket aircraft deals as

29 October 2025

Asia · Aviation · Business · Earnings · NYSE:BA · Politics

Amazon’s Latest Shock: Up to 15% of HR Workforce Axed in AI-Fueled Restructuring – Stock and Market Impacts

Amazon Axes 30,000 Jobs in Historic Layoff – AI Efficiency Push and Stock Gains

Amazon’s Largest-Ever Job Cut: 30,000 Roles to Go In a startling cost-cutting move, Amazon is poised to eliminate up to 30,000 corporate jobs starting Tuesday (Oct. 28) reuters.com. That figure represents nearly 10% of Amazon’s roughly 350,000 corporate employees and marks the biggest

27 October 2025

Artificial Intelligence · Business · Employment · NASDAQ:AMZN · Stock Market · Technology

Elon Musk Smashes Records by Hitting $500 Billion Net Worth—How He Got There and What It Means

Elon Musk’s $1 Trillion Tesla Pay Gambit: ‘Robot Army’ Ambitions, Shareholder Showdown & TSLA’s High-Stakes Future

Shareholders Face Vote on a Trillion-Dollar Pay Package Tesla’s upcoming annual shareholder meeting has turned into a high-stakes referendum on the largest CEO pay proposal in corporate history. On November 6, stockholders will vote on a 10-year compensation package for

27 October 2025

Business · Entrepreneurship · Innovation · NASDAQ:TSLA · Stock Market · Technology

Crypto Rebound: Bitcoin Rockets Past $110K, Coinbase Backs $2.45B Indian Exchange – DOGE Explodes

Trump Pardons Binance CEO – Is Binance’s Stock Finally Going Public?

In mid-October 2025, Binance dominated headlines after President Trump’s surprise pardon of founder Changpeng Zhao (CZ). The pardon – signed Oct. 23 – officially forgave CZ’s 2023 conviction for anti-money-laundering violations ts2.tech straitstimes.com. Trump’s press team framed it as correcting the

25 October 2025

Business · Cryptocurrency · Legal News · NASDAQ:COIN · Politics · Stock Market

Billionaire Larry Ellison’s Fortune Plummets: Oracle Share Slump Wipes Out $24B

Stock Slide Hits Ellison’s Fortune Oracle’s spectacular AI-driven rally has turned choppy in recent days. After rocketing to all-time highs in September (briefly valuing Ellison’s stake at ~$393 B) reuters.com, profit-taking set in. The stock plunged about 7% on Oct. 17 (wiping

24 October 2025

Billionaires · Business · Financial News · NYSE:ORCL · Stock Market · Technology

AT&T Beats Q3 Forecast with 405K New Subs – Is Its 5G Bet Paying Off?

In its Oct. 22 earnings release, AT&T (NYSE:T) reported solid Q3 results highlighted by strong subscriber growth, even as revenue growth stayed modest. The telecom giant earned $30.7 billion in revenue (up 1.6% year-on-year prnewswire.com) and GAAP EPS of $1.29 prnewswire.com.

22 October 2025

5G · Business · Mobile Industry · NYSE:T · Technology · Telecom

Billionaire Blowup: NYC’s Catsimatidis Tells Rival to Quit – Pershing Square’s Ackman Admits He “Hates Wasting Money”

Catsimatidis vs. Sliwa: Divided GOP in NYC John Catsimatidis (often described as a “grocery and radio magnate” cbsnews.com) has been a longtime supporter of conservative causes. In recent days he threw his weight behind a unified effort to defeat Mamdani

21 October 2025

Billionaires · Business · Corporate Rivalry · Finance · Wall Street

Business News 21 October 2025 - 3 November 2025