Stocks rose as strong SpaceX earnings eased AI profitability fears. Tesla beat cash flow expectations. Meta created a new nonvoting stock class to fund AI. IBM, Texas Instruments, and CSX beat earnings estimates. Abbott will spin off its nutrition business. AT&T raised its outlook but shares fell. eBay announced 9% layoffs. Philip Morris is investing further in Zyn. Silicon Data and CME plan to launch compute futures.
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