Companies

Companies coverage from the StreamSage Companies desk: Large Cap, Small Cap, Public, Private. Sources on every story. Page 3.

• xAI Launches Grok 4.7 After Repeated Delays

  The 2.1 trillion-parameter model costs $2 per million input tokens but trails Claude Fable 5.1 on key benchmarks.

• Strive Buys 1,355 Bitcoin, Raises Weekly Target

  TD Cowen raised its year-end forecast to 32,105 BTC and its price target to $44.

• Amazon Blocks Meta Muse While Shopify Embraces AI Shopping

  Shopify shares jumped 7% after the company announced a checkout partnership with Meta's Muse agent, while Amazon moved to block the AI tool.

• Amazon Invests $1.9 Billion in Delivery Safety and Pay

  The 2027 DSP funding targets a $24 hourly average for associates and cuts serious crashes by more than 23%.

• GameStop rises after CEO buys $26.4 million in stock

  CEO Ryan Cohen reported an insider purchase to the SEC, sending shares up 3% in postmarket trading.

• KKR Invests Record $3 Billion in South Korea's AI Sector

  The US buyout firm expects further dealmaking opportunities in the country, citing demand for data centers and power.

• Software Firms Shift to Open-Weight AI Models

  Rising proprietary costs drive adoption, though self-hosting demands significant infrastructure and specialized talent.

• Coinbase Offers IPO Allocations to US Retail Customers

  The exchange will allow eligible US users to request shares at the IPO offer price, starting with Oura's debut this week.

• Paramount settles lawsuits to close Warner Bros. Discovery deal

  Paramount Skydance resolved legal actions from 12 state attorneys general and the Writers Guild, clearing the path for the $110 billion acquisition.

• Strategy Buys $75.7M Bitcoin, Repurchases $174M in STRC Prefs

  Strategy used cash to fund both the bitcoin acquisition and the buyback of STRC perpetual preferred shares, according to a Monday filing.

• Circle USDC borrowing hits $14.3M on Arc, backed by 287 cirBTC

  Circle opened bitcoin-backed USDC borrowing on Arc, routing $14.3M through Morpho while Galaxy and Keyrock supply the liquidity.

• Bitcoin Rally Pushes Strategy Holdings Above Acquisition Cost

  A surge above $85,000 has lifted Strategy's treasury past its $63.8 billion cost basis, reversing the $8.32 billion loss reported in June.

• Swiss Dealmaking Rises to $44 Billion

  Boston Consulting Group said Swiss deals rose by a fifth in the first eight months of this year, just above the eight-year average.

• Charles Hoskinson says Cardano no longer comes first – its treasury vote explains why

  The Constitutional Committee approved the Pogun treasury request with seven yes votes, a 100% tally recorded in the governance summary.

• ZetaChain Ends L1 to Ship AI App on Solana

  ZetaChain voted to shut down its blockchain and migrate ZETA to Solana, citing security costs and a growing AI product.

• Crypto platform Gemini’s stock is down 80% from its IPO. That’s reviving takeover speculation

  CoinDesk reports Gemini’s market value has fallen to approximately $753 million.

• Howard Buffett to Lead Berkshire Board After Transition

  Greg Abel remains CEO as the conglomerate completes its long-planned leadership shift

• Monument Bank to tokenize £250m in retail deposits on Midnight

  U.K. challenger bank targets retail deposits with tokenization, arguing current institutional blockchains ignore ordinary savers.

• Avant files for national bank charter

  The fintech firm applied to the OCC and FDIC to establish Avant Bank, N.A., aiming to serve customers directly.

• Chewy Sees $50 Million AI Cost Savings in Fiscal 2027

  CEO Sumit Singh said the savings will offset wage inflation and fund growth, not stack onto the fiscal 2026 margin path.