--- title: "Dow Jones Top Company Headlines at 7 PM ET: Cisco to Shed Jobs for All-In AI Push | Equinox, ..." type: "News" locale: "en" url: "https://longbridge.com/en/news/286329840.md" description: "Cisco is restructuring, costing up to $1 billion in severance as it shifts focus to AI. Equinox and Orla Mining are merging to form an $18.5 billion gold company. SoftBank reports a $25 billion gain from AI investments. StubHub sees profits rise due to strong ticket demand. Netflix secures additional NFL games in a new deal. Fervo Energy's IPO values it at $7.7 billion. Alibaba faces profitability challenges amid heavy AI investments. Rivian's robotics firm raises $400 million. Amazon introduces a new AI shopping assistant. Meta offers free access to WhatsApp for rival AI chatbots during an EU probe. McDonald's commits to Chicago with a stadium-naming deal. Tencent reports double-digit profit growth. Nvidia's stock may rise with potential chip sales to China. Nissan aims for profitability after restructuring." datetime: "2026-05-13T23:35:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286329840.md) - [en](https://longbridge.com/en/news/286329840.md) - [zh-HK](https://longbridge.com/zh-HK/news/286329840.md) --- # Dow Jones Top Company Headlines at 7 PM ET: Cisco to Shed Jobs for All-In AI Push | Equinox, ... Cisco to Shed Jobs for All-In AI Push The networking company said Wednesday that it is launching a restructuring that will cost up to $1 billion in severance, one-time termination benefits and other costs. \---- Equinox, Orla Agree to Form $18.5 Billion Gold Major Equinox Gold and Orla Mining agreed to combine in a deal that would create a new $18.5 billion North American gold miner. \---- SoftBank Lands $25 Billion Gain on OpenAI Bet The Japanese company has issued debt, sold stakes and borrowed to fund bold AI investments. \---- StubHub Swings to First-Quarter Profit as Sales Climb on Ticket Demand Chief Executive Eric Baker said StubHub is seeing a healthy operating environment for both live events and its resale marketplace, and its growing scale is boosting profitability. \---- Netflix Secures Three More Football Games in New NFL Deal The National Football League's four-year deal with Netflix licenses three additional games to the streaming platform, and agreements with Fox and NBC bring them more games as well. \---- Geothermal-Champion Fervo Energy's Shares Soar in Trading Debut The IPO values the energy company, backed by Bill Gates and Google, at about $7.7 billion. \---- Alibaba Profitability Remains Under Pressure The tech giant has continued to invest heavily in artificial intelligence and fend off intense competition in the food-delivery space. \---- Rivian CEO's Robotics Company Raises $400 Million The funding for the AI-powered industrial robot project now exceeds $1 billion. \---- Amazon Ditches Rufus for New AI Shopping Assistant Amazon is replacing Rufus with Alexa for Shopping as the company pushes further into agentic AI commerce. \---- Meta Offers Rival AI Chatbots Free Access to WhatsApp During EU Competition Probe The company is looking to avoid a potential fine from the bloc's regulator, which has launched an investigation into a possible breach of antitrust rules. \---- Famed Merops Drone Interceptor to Be Made in Europe The maker of Merops, the drone interceptor battle-tested in Ukraine and Iran, struck a deal to manufacture its product in Germany, in the latest move by Europe to capitalize on Ukrainian-related defense technology. \---- Nebius Stock Soars 18%. Why It's Catching Up to CoreWeave as the Top 'Neocloud.' The neocloud reports a seven-fold increase in first-quarter revenue from last year. \---- McDonald's Is Recommitting to Chicago In a Stadium-Naming Deal The new Chicago Fire soccer stadium will be called McDonald's Park and is expected to open in 2028. \---- Tencent's Core Businesses Help Cushion Burden of Intensified AI Push Tencent Holdings extended its streak of double-digit profit growth in the first quarter. \---- Nvidia Notches New Record as CEO Huang Is in China With Trump Nvidia stock could get a boost if President Donald Trump's summit leads to large-scale sales of chips to Chinese customers. \---- Nissan Targets Return to Profit After Restructuring Drive The Japanese carmaker forecasts a return to net profit this fiscal year after reporting its seventh straight quarterly net loss. (END) Dow Jones Newswires May 13, 2026 19:15 ET (23:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [CSCO.US](https://longbridge.com/en/quote/CSCO.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [NFLX.US](https://longbridge.com/en/quote/NFLX.US.md) - [ORLA.US](https://longbridge.com/en/quote/ORLA.US.md) - [EQX.US](https://longbridge.com/en/quote/EQX.US.md) - [XSW.US](https://longbridge.com/en/quote/XSW.US.md) - [EBIZ.US](https://longbridge.com/en/quote/EBIZ.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [IGV.US](https://longbridge.com/en/quote/IGV.US.md) - [NFLU.US](https://longbridge.com/en/quote/NFLU.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [FBL.US](https://longbridge.com/en/quote/FBL.US.md) - [NFXL.US](https://longbridge.com/en/quote/NFXL.US.md) - [AMZW.US](https://longbridge.com/en/quote/AMZW.US.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [GDXJ.US](https://longbridge.com/en/quote/GDXJ.US.md) - [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [RING.US](https://longbridge.com/en/quote/RING.US.md) - [IBUY.US](https://longbridge.com/en/quote/IBUY.US.md) - [CSCL.US](https://longbridge.com/en/quote/CSCL.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [GDX.US](https://longbridge.com/en/quote/GDX.US.md) - [9984.JP](https://longbridge.com/en/quote/9984.JP.md) - [SFTBY.US](https://longbridge.com/en/quote/SFTBY.US.md) - [OpenAI.NA](https://longbridge.com/en/quote/OpenAI.NA.md) - [STUB.US](https://longbridge.com/en/quote/STUB.US.md) - [FOXA.US](https://longbridge.com/en/quote/FOXA.US.md) - [FOX.US](https://longbridge.com/en/quote/FOX.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [RIVN.US](https://longbridge.com/en/quote/RIVN.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [NBIS.US](https://longbridge.com/en/quote/NBIS.US.md) - [CRWV.US](https://longbridge.com/en/quote/CRWV.US.md) - [MCD.US](https://longbridge.com/en/quote/MCD.US.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [7201.JP](https://longbridge.com/en/quote/7201.JP.md) - [NSANY.US](https://longbridge.com/en/quote/NSANY.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) - [80700.HK](https://longbridge.com/en/quote/80700.HK.md) - [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [GIPHY Extends Multi-Year Integration Partnership with Meta | SSTK Stock News](https://longbridge.com/en/news/286926344.md) - [What's Going On With Meta Platforms Stock Today?](https://longbridge.com/en/news/286272851.md) - [Nvidia’s AI Lead Is Back in Focus as Wolfe Research Doubles Down](https://longbridge.com/en/news/286680544.md) - [CISCO REPORTS THIRD QUARTER EARNINGS | CSCO Stock News](https://longbridge.com/en/news/286309178.md) - [Inside Amazon: 12 employees describe life under layoffs, AI pressure, and 5-day RTO](https://longbridge.com/en/news/286667611.md)