Financial Summary: Thursday, February 12, 2026

The EPA's new climate change policy is causing concern among automakers about potential impacts on the U.S. electric vehicle market and global competitiveness.

Instagram chief Adam Mosseri testified that social media should not be classified as an addiction despite its potential for problematic usage.

Elon Musk announced a reorganization of xAI following the departure of co-founders and a merger with SpaceX.

Anthropic has successfully closed a $30 billion funding round, marking a significant investment in AI startups.

AWS CEO Adam Garman claims that fears surrounding software AI are exaggerated as Amazon's cloud business experiences unexpected growth.

Mustafa Suleyman of Google DeepMind envisions a future where white-collar jobs could be automated within 18 months as Microsoft reduces its ties with OpenAI.

The U.S. House of Representatives voted to override President Trump's tariffs on Canada, indicating a shift in trade policy.

UK Labour leader Keir Starmer has called for an apology from Ineos founder Jim Ratcliffe over his controversial immigration comments.

President Trump and Israeli Prime Minister Netanyahu met to discuss military tensions with Iran, but no new strategy was announced.

U.S. payrolls increased by 130,000 in January, exceeding expectations, while the unemployment rate fell to 4.3%.