Press Digest: New York Times business news - February 19

Etsy

19/02/2026 06:25

Feb 19 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- Saudi Arabia-backed artificial intelligence firm Humain has invested $3 billion in Elon Musk's xAI just before the startup was acquired by SpaceX, becoming a significant minority shareholder in the combined company.

- Etsy ETSY.N has agreed to sell Depop, a secondhand fashion app popular with Gen Z, to eBay EBAY.O for $1.2 billion in cash, as the online retailer refocuses on its core marketplace and eBay seeks to strengthen its appeal among younger shoppers.

- Meta META.O is preparing to spend $65 million this year to boost state politicians who are friendly to the artificial intelligence industry, beginning this week in Texas and Illinois.

- The U.S. Food and Drug Administration reversed its decision on Moderna's MRNA.O flu vaccine and has agreed to review it for possible approval.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))