Newswire: Feb 5, 2026 6:06 PM EST

Highlights:

• Bob's Discount Furniture CEO says the company's $331M IPO proceeds will be used to pay off all long-term debt, allowing it to operate debt-free as a public company. Source

• Once Upon a Farm, the organic kids snacks maker co-founded by Jennifer Garner, priced its IPO at $18 per share according to sources familiar with the matter. Source

• Uber was hit with $8.5 million in damages in a trial over a passenger's sexual assault claim, raising risks for the rideshare company facing thousands of similar cases. Source

• Asian stocks set to open lower as heavy selling in US tech stocks and crypto weighed on sentiment, with Amazon shares tumbling in after-hours trading following results. Source

• Wedbush's Dan Ives says he's never seen a structural software stock selloff like this in 25 years, though he remains bullish on tech stocks. Source

• Coty shares slid after the beauty company scrapped its fiscal 2026 outlook and warned of a weaker-than-anticipated third quarter. Source