Freight Technologies Announces Strategic Agreement to Advance Agentic AI Initiative

Freight Technologies (Nasdaq: FRGT) said it launched native CFDI (timbrado) invoicing in its Fleet Rocket TMS for Pro and Enterprise subscribers. The feature embeds Mexico SAT e-invoicing, automating CFDI stamping, invoice issuance and cancellation, and generating electronic payment receipts (complemento de pago) via a certified stamping provider. FRGT shares fell 4.57% after the announcement.

Freight Technologies, Inc. (Nasdaq: FRGT) said it completed further workforce reductions and scaled back brokerage operations as it pivots to a pure-play AI software logistics model. The company raised $1.2 million via Series C preferred shares, expecting about $1.15 million net proceeds, and expects ~$0.4 million restructuring costs. It also cited a prior $2.5 million loan to repay its credit facility.

Amazon is reorganizing its Alexa division leadership. Daniel Rausch, VP of Alexa and Echo, will leave the unit, returning in 2027. Aidan Marcuss, VP of Fire TV, will replace him. Kevin Keith will temporarily take on additional responsibilities. Alexa has been unprofitable since 2014. The new Alexa Tablets, priced higher than previous Fire tablets, feature Alexa+, a generative AI voice assistant. Alexa+ is available with a Prime membership or as a standalone service.

Warner Bros Discovery (WBD) executives received over $1.1 billion in merger-related compensation from the $110 billion sale to Paramount, according to SEC filings. CEO David Zaslav earned over $600 million, while other top executives received between $120 million and $150 million. Nearly half of WBD's 35,500 employees had equity in the company as of the merger close, with about 500 employees now holding over $1 million in equity each, per the New York Post.

Archer Aviation (ACHR) shares rose 5.11% after positive eVTOL certification news. The company reported $5.0M revenue, $263.2M net loss, and $852.7M cash. Barclays upgraded ACHR to Overweight with a $8 target. ARK Investment Management acquired 2.72M shares. ACHR is pursuing a Boeing deal and expanding eVTOL infrastructure.

Standard Motor Products (SMP) announced CFO Nathan Iles will resign on October 30, 2026, to join another company. James Burke, a director, will serve as interim CFO. The change is not due to disagreement with the company, according to the filing.