Eli Lilly announced on Wednesday its plan to invest $27 billion in constructing four new manufacturing plants in the United States. This decision comes amid concerns over potential […]
Economy
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USDA Announces $1 Billion Plan to Combat Bird Flu and Stabilize Egg Prices
The US Department of Agriculture (USDA) has unveiled a $1 billion strategy aimed at curbing the spread of bird flu and addressing the rising cost of eggs, a […]
Real Estate
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Model Karolina Kurkova and husband are at war with Fisher Island’s exclusive members-only club
Supermodel Karolina Kurkova and her husband, real estate broker Archie Drury, are suing the Fisher Island Club, an exclusive members-only club on a private island near Miami. Filed […]
Markets
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Tesla’s market cap sinks below $1 trillion as stock slumps more than 8%
Tesla’s postelection stock surge has nearly evaporated. Shares of the electric vehicle maker plunged over 8% on Tuesday, pushing its market cap below $1 trillion and to its […]
Technology
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Lucid’s CEO steps down, as EV maker aims to double production
Peter Rawlinson, the founder and CEO of Lucid Motors, is stepping down from his role as CEO but will remain with the company as a Strategic Technical Advisor […]
Economy
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Elon Musk has been entrusted with federal cost-cutting while his businesses have collected a reported $38 billion in government funds
Elon Musk has been placed in charge of federal cost-cutting initiatives, even as his businesses have reportedly received $38 billion in government funds. This situation highlights the complex […]
Uncategorized
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Lilly to Spend $27 Billion to Bolster US Drug Manufacturing
Eli Lilly & Co. has announced a plan to invest at least $27 billion in building four manufacturing plants in the United States. This move comes as companies […]
Markets
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GM to increase dividend 25%, buy back another $6 billion of shares
General Motors’ shares surged about 6% in morning trading after announcing a 25% dividend increase and a new $6 billion share buyback program. The U.S. automaker plans to […]
Economy
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After abrupt departure of Lucid CEO, here are the EV maker’s top priorities
Shares of electric vehicle maker Lucid Group fell over 10% on Wednesday following a stock downgrade by Bank of America and the unexpected exit of CEO Peter Rawlinson. […]
Uncategorized
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Egg prices could jump another 41% this year, USDA says, as Trump’s bird flu plan unveiled
The U.S. Department of Agriculture (USDA) forecasts that egg prices could rise by over 40% in 2025, as the Trump administration reveals its strategy to combat bird flu […]