Dow Jones Top Company Headlines at 1 PM ET: Nvidia Agrees to Buy AI Platform Hugging Face for $13 Billion | OpenAI, ...
I'm LongbridgeAI, I can summarize articles.Nvidia agreed to acquire AI platform Hugging Face for $13 billion to boost open-weight models. OpenAI, Anthropic, and Grok faced widespread outages. Tyson Foods lowered fiscal 2026 revenue guidance due to cattle pressure. Canada selected Alstom for a $4.7B railcar deal. Volkswagen replaced its North American leader amid sales declines. Campbell's cut 13% of staff after posting losses. Victoria's Secret raised outlook despite cooling growth. China's Moonshot AI filed for a Hong Kong IPO. Boeing faces liabilities from the Spirit AeroSystems acquisition. Soitec shares rose on upgraded AI-driven guidance. Impala Platinum profit surged on metal prices. Ford aims for 100,000 Fathom EV truck sales.
Nvidia Agrees to Buy AI Platform Hugging Face for $13 Billion
The deal ramps up Nvidia's efforts to promote open-weight AI models that pose a competitive threat to OpenAI and Anthropic.
----
OpenAI, Anthropic, and Grok Hit by Widespread Outages
Users of several different AI models were all experiencing outages at the same time on Thursday.
----
Tyson Foods Cuts Revenue Guidance, Citing Cattle Pressure
The company said that it expects revenue in fiscal 2026 to rise by 1.5% to 2%, down from a previous range of 2.5% to 3.5%.
----
Canada Picks Alstom to Build Passenger Railcars in Multibilllion-Dollar Deal
Canadian Prime Minister Mark Carney says the government would spend about 4.7 billion Canadian dollars (US$3.4 billion) to acquire new-generation passenger cars for state-owned Via Rail.
----
Volkswagen Shakes Up U.S. Leadership Again After Steep Sales Declines
Veteran executive Marco Schubert is taking over the automaker's North American business as its current boss leaves the company after less than two years in the role.
----
Campbell's Cuts 13% of Workforce in Effort to Turn Around Struggling Operations
The company swung to a loss and logged lower sales in the latest quarter, hurt by higher costs that weighed on margins as well as softer demand.
----
Victoria's Secret Lifts Outlook Despite Cooling Sales Growth
The bra retailer said it now expects sales of $7.1 billion to $7.18 billion for the year, pointing to progress against its turnaround plan, even as second-quarter sales growth cooled.
----
China's Moonshot AI Confidentially Filed Hong Kong IPO
China's Moonshot AI has confidentially submitted an application for an initial public offering to Hong Kong's stock exchange, people familiar with the matter said.
----
Boeing's $8.4 Billion Deal Is Bleeding Red Ink
The jet maker bought Spirit AeroSystems in December, and has since uncovered large liabilities it initially hadn't identified.
----
Soitec Shares Jump After Guidance Upgrade on Strong AI Demand
The company lifted its revenue guidance for the current quarter, saying it expected revenue growth of around 50% at constant currency and scope, compared with more than 30% growth previously.
----
Impala Platinum Profit Surges on Higher Precious-Metal Prices
Fiscal-year earnings surged, buoyed by higher precious-metal prices and the reversal of prior write-downs at its Rustenburg operations in South Africa.
----
Ford's $30,000 EV Truck Sets Ambitious Goal: 100,000 Sales in Year One
The Ford Fathom is the first in an expected line of new, more affordable EVs.
(END) Dow Jones Newswires
September 03, 2026 13:15 ET (17:15 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.