Tesla is shifting from cars to software and robots.
 

Tesla announced a massive company transition, moving beyond just selling cars toward energy, software, and robotics. While vehicle sales tumbled 16% in the fourth quarter, Tesla still delivered more profit than expected, helped by growth in areas outside traditional auto sales. The fastest-growing segment, energy storage, grew 25% from a year ago, as demand for large-scale batteries continues to rise.

Tesla plans to spend roughly $20 billion this year on new factories for AI and robotics, and will fund the ambitions by discontinuing its Model S and Model X vehicles, which have been on the market for over a decade and now represent a small and declining portion of sales.

Moderna is scaling back major vaccine testing after US government resistance.

Moderna, a company best known for its COVID-19 vaccine, is scaling back investment in new, late-stage vaccine trials after US health policies made vaccines less accessible. Company leaders say tighter rules, mixed safety messages, and fewer people being recommended for vaccines mean the US market is no longer big enough to justify expensive testing. Late-stage trials are the final and most costly step before a vaccine can be approved, and Moderna does not see a clear payoff anymore.

Instead, the company plans to focus more on treatments for cancer and rare diseases, where government resistance is lower. The pullback follows layoffs, canceled projects, and the loss of large government contracts, showing how policy decisions can ripple through the economy and reshape entire industries.

President Trump is suing JPMorgan Chase for cutting access to accounts over politics.

A fight over bank accounts just turned into a fight over who controls access to money in America. President Trump filed a $5 billion lawsuit against JPMorgan Chase and CEO Jamie Dimon, accusing the bank of closing his businesses’ accounts in 2021 for political reasons after the January 6 Capitol riot.

At the core of the lawsuit is a sharp disagreement over motive. Trump argues his accounts were closed because of his political views, while JPMorgan insists the decision was strictly about legal and regulatory risk. If a court determines politics played a role, it could force America's biggest bank to rethink how it manages risk.

TikTok secured its ability to operate in the US by partnering with Oracle.

After years of political tension and repeated ban threats, TikTok has finally secured a path to legally operate in the United States under the moderation of Oracle. The company formed a new entity, TikTok USDS Joint Venture LLC, that places most ownership and control in American hands while sharply limiting China-based ByteDance’s role.

Tech giant Oracle and several other investors will manage the venture, with Oracle serving as the trusted security partner who will audit content moderation and refine a secure US version of TikTok’s algorithm. This move gives Oracle far more influence over American media and strengthens its credibility as a major cloud provider.

Bank of America is sharing $1 billion in stock with employees.

Bank of America announced it will award $1 billion in company stock to most of its employees, continuing a profit-sharing tradition that now spans nine years. Nearly all workers below senior management will receive stock, allowing them to benefit directly when the bank performs well. The move follows a strong year for the company and brings total employee stock awards since 2017 to almost $6.8 billion. Alongside these awards, the bank has raised its minimum hourly wage to $25 and expanded hiring efforts across the US.

Together, these steps show how one of the country’s largest banks is using profits to reward workers and strengthen its long-term workforce, while signaling belief in a stable, forward-moving US economy.