CBS News is considering a new round of layoffs that could cut at least 15% of its current staff, according to Variety on February 12, 2026. The report, citing three individuals familiar with the matter, states discussions remain fluid and executives have not been made available for comment. CBS News has not yet issued a formal statement and declined to comment on the report.

Bio-Rad Laboratories Inc. (BIO.B) reported fourth-quarter net income of $720 million, a reversal from a loss in the same period last year. Adjusted earnings per share were $2.51, with revenue of $693.2 million.

For the year, the company recorded net income of $759.9 million, or $27.85 per share, and revenue of $2.58 billion.

Bio-Rad shares fell 5% year-to-date and closed at $295.05 on Thursday, reflecting a 14% decline over the past 12 months.

Feb 12, 2026 — A U.S. jury ruled in Apple’s favor in the third trial of its long-running dispute with Optis Wireless over 4G LTE patent infringement, ending a protracted legal battle. Optis had sought damages after alleging Apple violated its patents, with earlier $506 million and $300 million verdicts overturned on appeal due to improper jury instructions.

Apple spokeswoman said the verdict rejected Optis’ claims, which it described as an effort to secure excessive licensing payments. The case, heard in Marshall, Texas, centers on validity and fair, reasonable, and non‑abusive licensing terms for 4G wireless patents.

Optis’ appeal of a U.S. Court of Appeals decision overturning its $300 million award is scheduled for June in the U.K., where a court last year awarded $502 million in damages for similar alleged infringements.

Bio-Rad Laboratories (BIO) reported fourth-quarter net income of $159 million, a 23% increase from the prior-year period, driven by higher demand for its diagnostic and research products. Revenue for the quarter totaled $1.18 billion, up 12% year-over-year. The company attributed the results to strong sales in its Life Sciences and Hematology business segments, with backlog growth and favorable pricing contributing to the momentum. The beat reflects continued resilience in healthcare spending despite macroeconomic headwinds.

Flowers Foods Inc. (NYSE: FLO) reported a net loss of $29.4 million for the fourth quarter ended January 31, 2026, ending a 12-year profit streak. Fourth-quarter earnings per share (EPS) were -$0.11, versus a profit of $0.14 in the same period of 2025. The full-year 2025 profit declined 14% to $106.7 million from $124.2 million in 2024, with revenue down 1.8% to $4.92 billion. Management cited lower commodity prices and higher interest rates as key factors contributing to the results.

U.S. officials have signed the final mutual trade agreement, setting a 15% tariff on goods imported from Taiwan and committing Taiwan to phase down or eliminate nearly all tariffs on U.S. goods over time.

According to the U.S. Trade Representative's office, Taiwan will increase purchases of U.S. goods totaling $1.006 trillion between 2025 and 2029, including $44.4 billion in liquefied natural gas and crude oil, $15.2 billion in civil aircraft and engines, and $25.2 billion in grid, generators, and maritime and steelmaking equipment.

The agreement supplements a preliminary pact reached in January 2026, which equalized tariffs on Taiwan with South Korea and Japan at 15% after下调 from 20%. It also immediately removes the highest 26% tariffs on Taiwanese imports of beef, dairy, and corn.

USTR Administrator Jamieson Greer said the agreement will expand export opportunities for American farmers, ranchers, fishermen, workers, and manufacturers and strengthen supply chain resilience, especially in the technology sector.

CEO Elon Musk announced a strategic realignment at xAI, acquiring a new vision centered on a lunar Moonbase Alpha: building AI satellites for deep space, AI data centers in lunar orbit, and a potential self-sustaining lunar manufacturing city to produce space computers and leverage solar energy for super-scale AI training and operations.

The plan aims to address rising ground data center costs and energy demands by shifting AI compute to the Moon, where lower latency and cheaper access to space could drive significant operational efficiencies. The messaging follows SpaceX’s pivot away from Mars colonization toward lunar landing contracts and Starlink, and comes as xAI prepares for an anticipated IPO following its 2025 merger with SpaceX.

Key details include using mass drivers to launch AI satellites and manufacturing in orbit to support a future Kardashev-scale energy infrastructure. The vision seeks to attract aerospace and AI talent while reinforcing a compelling long-term narrative for xAI’s growth trajectory.

Instacart (NASDAQ:CART) reported Q4 CY2025 sales of $992 million, up 12.3% year-on-year, and GAAP earnings of $0.30 per share, beating analyst expectations. The stock rose 14.6% to $38.27 in after-hours trading.

Over the past three years, Instacart delivered 13.6% CAGR in sales. Free cash flow totaled $172 million in Q4 CY2025, reflecting a 17.3% margin, up 1.4 percentage points from the prior-year period. The company’s free cash flow margin averaged 21.5% over the last two years, with operating leverage improving 14.4 percentage points.

Looking ahead, sell-side analysts project revenue to grow 8.8% over the next 12 months, down from multi-year expansion, suggesting potential headwinds to growth.

Anthropic, the San Francisco-based AI firm behind the Claude chatbot, announced a valuation of $380 billion, joining OpenAI and xAI as the top private AI/startup trio under scrutiny for potential IPOs in 2026.

The valuation followed a $30 billion funding round led by GIC and Coatue, with commitments from Nvidia, Microsoft, Amazon, and Google. Microsoft’s $30 billion cloud computing investment is part of a long-term supply agreement, while Anthropic is on track for $14 billion in annual sales over the next 12 months.

Private investment has outpaced public scrutiny, with the company not yet profitable but focusing on enterprise-grade AI tools and safety of AGI. The IPO race could bring significant fundraising and visibility, but public markets will intensify pressure on financials and business models.

DJIA fell 0.1% to about 67 points on February 12, 2026, as strong labor data failed to spark buying, with tech and software stocks leading the decline. The nonfarm payroll report for January showed a 130,000 jobs gain, more than double the 55,000 median forecast. However, the Bureau of Labor Statistics revised down employment for the year 2024–2025 by 862,000, the largest correction since 2009, and down months of November and December by 17,000. This undermines the headline number and prompts skepticism about the labor market's true strength. AI valuations also pressured; major tech and software companies including Salesforce, Intuit, Progress Software, Adobe, and PayPal declined following news that Altruist's new AI tool can process tax strategies without manual input. Bitcoin traded near $67,000, while gold and silver fluctuated above key resistance levels.

Morningstar Inc. (MORN) released Q4 results showing earnings of $115.1 million, or $2.71 per share on a non-GAAP basis, and revenue of $641.1 million. The company’s annualized profit was $374.2 million, or $8.87 per share, with revenue reaching $2.45 billion for the year.

Mohawk Industries Inc. (MHK) reported fourth-quarter earnings of $42 million, or 68 cents per share, with adjusted non-GAAP profit of $2 per share, exceeding analyst expectations of $1.98 per share. Revenue for the quarter was $2.7 billion, slightly below the $2.72 billion forecast. For the full year, the company posted profit of $369.9 million, or $5.93 per share, and revenue of $10.79 billion.

Logistics stocks plunged on February 10, 2026, amid the “AI scare trade,” triggered by a rebranding of Algorhythm Holdings Inc. (AMZN: 0.00%—ticker: AYRM) from The Singing Machine Company. The company’s SemiCab platform, aimed at helping customers scale freight by 300%–400% without adding headcount, sent the Russell 3000 Trucking Index down, with CH Robinson Worldwide Inc. hitting a record 24% intraday decline and Landstar System Inc. falling.

The selloff spread to drug-distribution peers McKesson Corp. and Cardinal Health Inc. Each of the broader declines reflects heightened anxiety over AI disruption potentially disintermediating truck brokers. European peers followed: DSV A/S down 11%, and Kuehne + Nagel International AG down 13%.

Analysts note valuations are high and the reaction may be exaggerated, but the sell-off underscores broad market sensitivity to AI headlines. Barclays’ Oglenski and others see CH Robinson as asset-light and potentially attractive on weakness, while Citigroup’s Rosa highlights the cyclical inflection point of reduced supply and CH’s adoption of AI capabilities.

Hercules Capital, Inc. (HTGC) released Q4 results on February 12, 2026: revenue of $137.4 million and net income of 48 cents per share. Year-over-year highlights include $339.7 million in net income, or $1.85 per share, and $532.5 million in revenue. The specialty finance company's financial performance reflects continued strength in its lending and capital solutions.

Galiano Gold Inc. (GAU) released Q4 results on February 12, 2026, reporting net income of $16.8 million, or 6 cents per share, with an adjusted net income of 15 cents per share. Revenue for the quarter totaled $159.7 million. For the full year, the company recorded a loss of $29.3 million, or 11 cents per share, on revenue of $447.8 million.

Callaway Golf Company (CALY) released results for the fourth quarter, reporting a net loss of $66 million. On a per-share basis, adjusted for one-time items, the loss was 25 cents per share, versus 36 cents in the quarter ended February 1, 2026, and exceeding the Zacks estimate of 45 cents per share.

Revenue for Q4 totaled $367.5 million, below the Zacks forecast of $788.5 million. Year-over-year, the company posted a profit of $38.8 million, or 21 cents per share, on revenue of $2.06 billion. Management guidance for full-year 2026 revenue is $1.98 billion to $2.05 billion.

The Dow Jones Industrial Average closed 379.59 points, or 0.32%, at 118,654.89, marking its third consecutive daily decline. The S&P 500 fell 1.2% to 4,895.33, while the Nasdaq Composite ended flat at 15,423.63. The decline followed mixed earnings reports and continued geopolitical tensions, with Treasuries rising and Trepp Yield rising to 5.25 basis points.

Supporting context: The Federal Reserve maintained its neutral monetary policy stance, signaling no immediate changes to its policy path despite mixed economic indicators.

Agnico Eagle Mines Ltd. (AEM) released Q4 results on February 12, 2026, reporting profit of $3.04 per share, or $1.52 billion, adjusted for non-recurring items to $2.69 per share. Revenue for the quarter totaled $3.56 billion. The results surpassed the Zacks Investment Research average estimate of $2.56 per share.

For the full year, the gold miner reported profit of $4.46 billion, or $8.86 per share, with revenue of $11.91 billion. Since the start of the year, AEM shares have risen 22%, closing at $206.12 on February 12, more than double their 12-month closing price.

Anthropic closed a $30 billion funding round on February 12, 2026, lifting its valuation to $38 billion. The firm, developer of the Claude coding-focused chatbot, also released Claude Cowork add-ons, including Legal, stoking fears of AI replacing software roles and contributing to the sector's steepest sell-off this year.

The round was led by D. E. Shaw Ventures, ICONIQ and MGX, with participation from JPMorgan, BlackRock, Microsoft and NVIDIA. Blackstone's stake increased to about $10 billion, according to a Reuters report.

Revenue grew sharply, with annualized revenue reaching $14 billion in 2025. Claude Code, when considered separately, generated over $25 billion in annualized revenue, up more than double since the start of the year. The company plans to donate $20 million to support AI regulation efforts.

“Our companies have a responsibility to ensure this technology serves the public interest, not just our own,” said a company spokesperson.

Ingersoll Rand (IRI) reported higher-than-expected fourth-quarter earnings on February 12, 2026, with net income of $285 million, up 12% year-over-year, and revenue of $1.98 billion, a 3% increase from the prior-year period. The results reflect strong demand in its industrial gas and energy services segments, partially offset by lower sales in its North American air compressor markets. CEO Mark Moeckel stated the improvement reflects "operational efficiencies and disciplined cost management," with the company maintaining its guidance for full-year 2026 revenue of $7.8 billion and EPS of $2.15.