Tariffs threaten the EV industry's growth, but Tesla and Volkswagen may gain an advantage with more American-made vehicles.
Industry
Germany's Merck KGaA to Acquire US Biotech Firm SpringWorks for $3.9 Billion
Merck KGaA to acquire U.S. biotech firm SpringWorks for $3.9 billion to expand its cancer and rare disease drug portfolio.
IBM Commits $150 Billion to Boost US Innovation Over Five Years
IBM commits $150 billion to boost U.S. tech and manufacturing, focusing on quantum computing over the next five years.
Intel Braces for Workforce Reductions as Losses Mount to $821 Million
Intel announces job cuts and office changes after reporting a $821 million loss in Q1 2025.
Toyota Explores Investment as $42 Billion Buyout of Supplier Takes Shape
Toyota considers investing in a $42 billion buyout of supplier Toyota Industries amid governance reform pressures.
Latest News
Shein and Temu raise prices as the U.S. ends a key tariff loophole for low-cost imports.
Trump signs executive order to fast-track U.S. deep-sea mining, aiming to compete with China's control of critical minerals.
China has quietly rolled back tariffs on some U.S. semiconductors, signaling a shift amid ongoing trade tensions with the US.
Meta lays off staff in Reality Labs as it restructures VR and AR teams to boost efficiency.
Starbucks faces a lawsuit over claims it profited from forced labor on Brazilian coffee farms.
McDonald's brings back McCrispy Strips nationwide on May 5, rejoining the fast-food chicken battle.
Trump's meme coin, $TRUMP, surged by 58% after offering an exclusive dinner with the former president to top coin holders.
Southwest Airlines cuts flights and suspends its financial outlook as economic uncertainty weakens travel demand.
Apple and Meta fined nearly $800 million by the EU for breaking digital market rules under the Digital Markets Act.
