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Tesla Plans Four New Batteries in 2026
Tesla plans to design four new versions of its in-house battery to power the Cybertruck, its forthcoming robotaxi and other electric vehicles, the Information reported Thursday.
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OpenAI Raises $6.6B, Establishes $4B Line of Credit
OpenAI said Thursday it has established a new $4 billion credit facility with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC.
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NASA to Launch $5.2 Billion Mission to Jupiter's Moon
NASA will launch its most ambitious Jupiter mission to date next week as the Europa Clipper is on schedule to depart from Kennedy Space Center in Florida.
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Tesla Discontinues Most Affordable Model 3 in US
Tesla's most affordable Model 3 compact sedan was no longer available for order in the U.S., according to the EV maker's website.
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Tesla Recalls 27K Cybertrucks for Rearview Image Delay
Tesla said on Thursday it would recall more than 27,000 Cybertrucks due to delayed rear-view camera images that could impair driver visibility and increase crash risks, adding that a software update would resolve the issue. The recall affects most Cybertrucks in the U.S.
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Corrosion at Michigan Nuclear Plant Above Estimates
Holtec, the company wanting to reopen the Palisades nuclear reactor in Michigan, found corrosion cracking in steam generators "far exceeded" estimates, the U.S. nuclear power regulator said in a document published on Wednesday.
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ABC News Lays Off 75
ABC News and its local stations laid off 75 people Wednesday, as parent company Disney continues to restructure amid cost concerns, the New York Post reports.
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Intel's Woes Set America's Semiconductor Goals Back
U.S. President Joe Biden's Chips and Science Act strategy to revitalize U.S. semiconductor manufacturing recently took a gut punch. Intel, the program's largest recipient, reported its foundry arm is hemorrhaging cash.
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Ford Offers Free Chargers in Hopes of Boosting Low EV Sales
As sales of its electric vehicles (EVs) continue to stall, Ford Motor Company is hoping to spark interest among consumers by offering free at-home charging stations."
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Boeing Strikers Press CEO After Health Coverage Is Cut
Boeing's largest union Tuesday urged new CEO Kelly Ortberg to get more involved in contract negotiations to end a strike by around 33,000 U.S. West Coast workers, after the U.S. planemaker cut off their healthcare benefits.
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US Labor Board Accuses Apple of Illegal Workplace Rules
A U.S. labor board issued a complaint accusing Apple of violating employees' rights to organize and advocate for better working conditions by maintaining a series of unlawful workplace rules.The National Labor Relations Board in the complaint announced late on Monday...
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US Sea Power Reaching Inflection Point, Experts Warn
Houthi rebels harass and disrupt shipping in the Gulf of Aden, Red Sea, and Suez Canal with missiles and drones.
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PepsiCo to Buy Tortilla-Chip Maker Siete for $1.2B
PepsiCo will buy tortilla-chip maker Siete Foods for $1.2 billion, the Frito-Lay owner said Tuesday, beefing up its portfolio amid a shift among cost-conscious consumers to private label brands.
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Charles Schwab Names President Rick Wurster as CEO
Charles Schwab said Tuesday President Rick Wurster will succeed long-time CEO Walt Bettinger as its next chief executive, paving the way for a change of guard at the brokerage firm after 16 years.
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Sony Pictures CEO Tony Vinciquerra Steps Down
Sony Pictures Entertainment CEO Tony Vinciquerra will step down from his role at the beginning of next year and will be succeeded by COO Ravi Ahuja effective Jan. 2, 2025, the company said in a statement Tuesday.
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Boeing Weighs Raising $10B Selling Stock
Boeing is considering raising at least $10 billion by selling new stock, Bloomberg News reported Tuesday, citing people familiar with the discussions.
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Amazon Wins Partial Dismissal of US Antitrust Lawsuit
Amazon.com Inc won partial dismissal of a U.S. Federal Trade Commission lawsuit accusing it of maintaining illegal monopolies, though the details of the ruling by a federal court in Seattle were not immediately clear.
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Tesla, Musk Beat Shareholder Lawsuit Over Self-Driving
Tesla and its CEO Elon Musk won the dismissal of a lawsuit accusing them of defrauding shareholders by overstating the effectiveness and safety of the automaker's self-driving technology in order to boost its stock price.
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NTSB Blasts FAA Over Boeing 737 Safety Issue
The chair of the National Transportation Safety Board (NTSB) slammed the Federal Aviation Administration (FAA) on Monday for downplaying the urgency about a Boeing 737 safety issue NTSB previously raised.
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Netflix Cancellations Tripled After CEO Backed Harris
Netflix cancellations in the U.S. almost tripled after the company's CEO and chairman, Reed Hastings, announced he was backing Kamala Harris' bid for president, though most axed their accounts because the streaming giant killed its basic plan, reports Bloomberg.
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FCC Investigating Verizon Mobile Network Outage
The Federal Communications Commission said Monday that it was investigating a Verizon network outage across the United States after thousands of users reported outages.
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Carnival Rides on Strong Cruise Demand
Carnival Corp raised its annual profit forecast for the third time Monday and beat market expectations for third-quarter results, helped by strength in demand for cruise vacations as well as easing costs of operations.
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FTC Allows Chevron-Hess Deal, Bars John Hess From Board
The U.S. Federal Trade Commission allowed Chevron's $53 billion purchase of Hess Corp. Monday, in an order that barred Hess CEO John Hess from Chevron's board.
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SoftBank to Invest $500M in OpenAI
Japanese telecom company SoftBank's Vision Fund will invest $500 million in OpenAI's latest funding round, The Information reported Monday, citing a person familiar with the deal.
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Media Matters Considers Purchasing InfoWars
Media Matters for America is weighing buying InfoWars after a Houston judge ruled the news service could be liquidated to pay $1.5 billion in damages from a lost lawsuit, Semafor reported over the weekend.