Business
Uninsured kids will still receive Covid vaccines for free after shots move to commercial market
A child is administered a dose of the Pfizer-BioNTech coronavirus disease (COVID-19) pediatric vaccine. Mayela Lopez | Reuters The Centers for Disease Control and Prevention took a major step Wednesday toward ensuring that kids who are uninsured can receive Covid-19 vaccines for free after the federal government shifts its immunization program to the commercial market. […]
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Biden administration awards $2.8 billion in grants for electrical car or truck battery production
Employees marry the overall body framework with the battery pack and the entrance and rear sub frames as they assemble electrical autos at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitlin O’Hara | Reuters President Joe Biden announced $2.8 billion in grants for 20 organizations to produce batteries for electrical automobiles […]
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IBM surpasses quarterly projections and lifts its entire-year revenue forecast
IBM CEO Arvind Krishna speaks at an IBM facility in Poughkeepsie, New York, on Oct. 6, 2022. IBM declared $20 billion in investments for the duration of President Biden’s go to that will go toward research and progress and the producing of semiconductors, mainframe technological innovation, artificial intelligence and quantum computing in the Hudson Valley. […]
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Stocks making the biggest moves midday: Netflix, Intuitive Surgical, Generac, Winnebago and more
In this article GNRC NFLX ISRG UAL IBKR WGO Follow your favorite stocksCREATE FREE ACCOUNT The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading. Generac — Shares were trading down 25% after the company […]
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Biden awards $2.8 billion for assignments to boost electric powered automobile battery producing
U.S. President Joe Biden provides remarks to emphasize electric powered vehicle producing in The united states, for the duration of a pay a visit to to the Detroit Car Clearly show, September 14, 2022. Kevin Lamarque | Reuters The Biden administration on Wednesday explained it will award $2.8 billion in grants for jobs to broaden […]
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BMW plans to invest $1.7 billion in U.S. to produce electric vehicles
BMW Group plans to invest $1.7 billion in its U.S. operations to build electric vehicles and batteries, the company announced Wednesday. The investment will include $1 billion to prepare for production of EVs at the automaker’s existing Spartanburg factory in South Carolina, and $700 million for a new high-voltage battery-assembly facility in nearby Woodruff. The […]
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Hyundai says Biden’s new EV tax credit rules deal ‘astronomical’ blow to business
DETROIT – The Biden administration’s elimination of tax credits for imported electric vehicles deals a massive blow to Hyundai Motor’s business, an executive for the automaker said Wednesday. Jose Munoz, global president and chief operating officer, declined to disclose a specific financial impact associated with the requirements of the Inflation Reduction Act, but described it […]
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Wall Street eyes auto industry earnings for signs of ‘demand destruction’
A sign advertises to purchase cars at a used car dealership in Arlington, Virginia, February 15, 2022. Saul Loeb | AFP | Getty Images DETROIT – Since the start of the pandemic in early 2020, U.S. automakers and dealers have seen record profits as demand outpaced supplies of new cars amid supply chain problems. But […]
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SpaceX rolls out Starlink aviation product for satellite internet to private jets
One of the company’s flat aviation-specific Starlink antennas is seen on top of an aircraft. SpaceX SpaceX rolled out aviation-specific Starlink satellite internet service on Tuesday, with Elon Musk’s company looking to expand further into the inflight WiFi market. The company is charging $150,000 for the hardware needed to connect a jet to Starlink, with […]
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FDA authorizes Novavax’s Covid shots as mix-and-match booster to Pfizer or Moderna
The Food and Drug Administration has authorized Novavax‘s Covid boosters for adults in the U.S., including for people who received Pfizer’s or Moderna’s shots as their primary series. The authorization of Novavax’s booster could significantly increase the role that its shot plays in U.S. vaccination efforts. Up until now, Novavax’s vaccine was only authorized as […]
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