Hims & Hers faces a lawsuit over its handling of private health data.
 

Hims & Hers made its name by shipping prescriptions for weight loss, hair loss, and other conditions straight to customers' doors. Now the company is defending itself against a federal and state lawsuit nearly three years in the making.

The FTC, Utah, and Los Angeles County allege the telehealth company shared customers' private health information with Meta and Snap, and billed people for prescriptions before they had ever consulted a healthcare provider. The case puts the company's core business practices under a legal microscope.

Jersey Mike's just went public in a $1 billion stock offering, one of the largest restaurant deals ever.
 

Jersey Mike's just went public, raising $1 billion. It's one of the largest restaurant stock offerings ever. The move, known as an initial public offering, or IPO, lets a company sell shares to the public for the first time. The sandwich chain has nearly 3,300 locations, the second-largest hoagie chain in the country after Subway.

Many restaurant chains have struggled as diners cut back on eating out, but Jersey Mike's kept growing, thanks in part to a higher-income customer base, according to CEO Charlie Morrison. The company plans to pay down debt and grow toward 15,000 locations worldwide, doubling its United States footprint.

Palantir's business exploded this quarter as more companies leaned into AI.

Businesses don't want AI companies reading their secrets, and that's becoming very good business for Palantir. The company built its name selling advanced data analytics software to the U.S. government and military, but lately its regular business customers are catching up fast. More companies want to implement AI without having to trust their private data to large third-party AI firms like OpenAI and Anthropic. That shift is paying off. Revenue is up 93% from a year ago as more companies signed on.

The growth marks a turnaround after a rough year for Palantir's perception among investors worried that AI spending across the industry was slowing. This quarter suggests otherwise, and company leaders expect the current pace of growth to hold at least into early 2028.

SpaceX's first public financial report showed surging revenue alongside big spending.

SpaceX just had its first financial report as a public company, and the numbers told two different stories. Revenue grew 92% from a year ago, and the company's newer AI computing business more than tripled in size. But SpaceX also poured billions into building out that AI infrastructure, more than investors expected, and shares fell as Wall Street questioned how long the company's satellite business could keep funding that spending.

Company executives pushed back on the worry, saying new computing investments are already paying for themselves in under a year. Whether that holds up may determine how much patience investors have left as SpaceX continues to spend aggressively on both rockets and computing power.

Meta expects slower sales ahead, and it's burning through cash

Meta is spending aggressively on AI while absorbing a costly stretch of layoffs and legal charges, and the strain is showing. Severance payments and a $2.4 billion legal charge drove profit down from a year ago and left the company with its smallest cash cushion since 2022. Finance chief Susan Li noted that without those one-time hits, profit would have grown 9%.

Rather than pulling back, Meta is pushing forward: the company raised its annual spending target on data centers and AI infrastructure to at least $130 billion, with CEO Mark Zuckerberg pointing out that outside businesses are already paying a premium to rent Meta's surplus computing power.