Meta to Axe 10% of Staff in First Wave of Layoffs, Google Partners with Marvell for Two AI Chips
Market update for April 20, 2026.
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In today’s episode:
The Strait of Hormuz is closed again after Iran reversed course over the weekend, sending oil prices higher
Meta is reportedly preparing another major round of layoffs
Google is in talks with Marvell to develop new AI chips
TopBuild shares jump after QXO announces a $17 billion acquisition deal
AST SpaceMobile drops after Blue Origin places one of its satellites in the…
The skinny
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