Experience.com Partners with Locafy to Redefine Local Digital Marketing in APAC

Caribou Biosciences (CRBU) will halt development of two CAR-T programs and cut its workforce, citing a challenging financing environment. The company will explore strategic alternatives, including potential mergers or acquisitions. Caribou had $113.8M in cash as of June 30, 2026. CRBU shares dropped 39.49% overnight to $0.68.

Apple and LG are reportedly collaborating on smart home devices, including a doorbell, thermostat, and cameras, set to launch on October 13. Apple shares rose 0.22% on Tuesday, while LG shares fell over 10% on Wednesday.

Pinterest named James Dibbo, an Amazon executive, as its new CFO, effective October 26. Dibbo brings experience in advertising, streaming, and e-commerce. He succeeds Julia Donnelly, who is leaving to join a private company. Pinterest shares dropped 1% in extended trading. The company faces competition in digital advertising, with slower third-quarter revenue growth forecasted.

POSCO Holdings completed its second lithium plant in Argentina, with an annual production capacity of 50,000 tons of lithium hydroxide. The project, costing $954 million, includes a 23,000-ton lithium carbonate plant and will support a downstream process in South Korea. POSCO plans to expand production to 100,000 tons by 2033, aiming to secure critical minerals for national industries.

Microsoft and Meta have reduced their internal use and spending on Anthropic's Claude model. Microsoft cut its projected annual spending by over one-third, down from over $1 billion, and shifted focus to Microsoft-backed options. Meta reduced active users of Claude Code from 60,000 to 30,000 but still spent over $105 million in a recent 28-day period. According to Anthropic, two customers generate a quarter of its revenue.

POSCO Holdings completed an upstream facility at its second lithium brine plant in Argentina, with a $954 million investment. The plant has a 23,000-tonne annual lithium carbonate capacity, bringing the company's total to 48,000 tonnes. POSCO plans to expand production to 50,000 tonnes by 2027 and aims for 100,000 tonnes by 2033 with additional plants. The company signed an MOU with local governments for further investments.