The United States government is providing approximately $2 billion in assistance to eleven car companies, including General Motors and Stellantis, aimed at bolstering electric vehicle production and expanding assembly facilities across eight states.
Sectors
Marathon Oil Hit With $241.5 Million Penalty for Oil and Gas Pollution
Marathon Oil was fined $241.5 million for air quality violations at its Fort Berthold Indian Reservation oil and gas plants.
Tesla Delays Launch of Long-Awaited Robotaxi, Triggering 8% Drop in Stock Value
Elon Musk's Tesla shares fell 8% after reports that it would delay its Robotaxi debut by two months.
Delta Draws Flak Over Social Media Post on Palestinian Flag Pins
Delta Airlines recently came under fire for its response to a social media post about its flight attendants wearing Palestinian flag pins.
Dollar General Agrees to $12 Million Fine, Promises Safer Work Environments
Dollar General has agreed to pay a $12 million fine and implement enhanced safety measures across its nationwide retail stores following a settlement with the US Department of Labor.
Latest News
The CCCS warns that Grab's proposed acquisition of Trans-cab could lead to unfair market dominance in Singapore's ride-hailing sector, reducing competition and boosting driver shortage.
Volkswagen is partnering with QuantumScape to develop solid-state batteries for future vehicles, aiming to enhance the energy storage capacity and safety of 1 million electric vehicles per year.
The US Energy Department plans to buy up to 4.5 million barrels of oil to replenish the Strategic Petroleum Reserve (SPR).
Tesla has increased the price of its Model 3 cars in European countries like Germany, the Netherlands, and Spain.
China's push to implement robotaxis gains favor from the public but sparks job security concerns among traditional taxi drivers, especially with Baidu's plan to expand its fully driverless fleet in major cities.
Elon Musk's Neuralink has announced that the tiny wires in the brain chip implanted in its first trial participant are now stable.
US sanctions have created obstacles for Russian imports of Chinese cars. US sanctions have created obstacles for Russian imports of Chinese cars, which have been crucial for the domestic market in recent years.
The US Federal Trade Commission (FTC) is reportedly filing a lawsuit against the three biggest prescription drug middlemen over insulin prices.
As UK IPOs declined, the Financial Conduct Authority (FCA) has proposed new regulations for stock market listings.
