Stock Movers Meta and Google Found Liable; Corebridge and Equitable Merge; Pony AI Swings to Profit
Mar 26, 2026
A legal milestone as juries hold major tech platforms liable for alleged social media harms. A blockbuster all-stock merger combines two insurance giants into a $22 billion entity overseeing massive assets. An autonomous vehicle startup posts its first profitable quarter, driven by an investment windfall rather than ride revenue.
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Google's Turbo Quant Could Expand AI Demand
- Google announced turbo quant compression that can cut memory needed for large language models by at least a factor of six.
- Morgan Stanley and others argue greater efficiency could raise overall AI demand via Jevons paradox, offsetting hyperscaler memory loss.
Corebridge and Equitable Form $22 Billion Retirement Giant
- Corebridge Financial and Equitable Holdings will merge in an all-stock deal valuing the combined company at about $22 billion.
- The new Equitable will manage ~$1.5 trillion and keep Corbridge CEO Mark Constantini as CEO with Mark Pearson as executive chairman.
Advise Sellers To Capture Higher M&A Fees
- Expect high advisory fees on big M&A deals and consider advising sellers for bigger payouts.
- Bloomberg noted Goldman Sachs and Morgan Stanley are advising here, with sellers typically earning higher fees.