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 […]
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 […]
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. […]
Economy
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Elon Musk’s business empire is built on $38 billion in government funding
Elon Musk, one of the world’s most prominent entrepreneurs, has built his business empire with significant assistance from government funding, amounting to at least $38 billion over the […]
Economy
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GM raises quarterly dividend, initiates $6 billion stock buyback
DETROIT – General Motors (GM) has announced a 25% increase in its quarterly dividend, raising it to 15 cents per share, aligning with its rival Ford Motor. This […]
Economy
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Lilly plans to more than double U.S. manufacturing investment since 2020 exceeding $50 billion
Eli Lilly and Company (NYSE: LLY) has announced plans to significantly expand its domestic pharmaceutical manufacturing capabilities by investing over $50 billion since 2020, marking the largest such […]
Economy
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Tesla Feels the Wrath of Anti-Elon Musk Backlash
Tesla Inc. is facing a significant backlash in some of the world’s largest electric vehicle (EV) markets, with sales plummeting and its stores becoming targets for protests and […]
Economy
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Trump Takes Aim at Chinese Shipping Amid Widening Trade War
The Trump administration has introduced a significant new measure in its ongoing global trade conflict, proposing levies of up to $1.5 million on Chinese-made ships arriving at U.S. […]
Economy
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Apple shareholders reject proposed ban on DEI programs
Apple investors rejected a proposal calling for the company to cease its diversity, equity, and inclusion (DEI) efforts during the annual shareholders meeting. This decision aligns with Apple’s […]