Faraday Future investors commit $90 million in funding
(Reuters) – Faraday Future Intelligent Electric has received $90 million in funding commitment from its existing investors, the electric-vehicle startup…
Business
Obesity drug Wegovy’s popularity has US employers rethinking insurance coverage
By Patrick Wingrove (Reuters) – Shawnte struggled with her weight for years before she was prescribed Novo Nordisk’s diabetes drug…
New benchmark tests speed of systems training ChatGPT-like chatbots
By Jane Lanhee Lee San Francisco (Reuters) – MLCommons, a group that develops benchmark tests for artificial intelligence (AI) technology,…
US consumer confidence races to 17-month high; housing market regaining strength
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence increased in June to the highest level in nearly 1-1/2 years…
Volvo EVs to now have access to Tesla superchargers
(Reuters) – Swedish carmaker Volvo Cars said on Tuesday it had signed an agreement with Tesla to give its electric…
J&J’s $8.9 billion talc settlement faces US bankruptcy test
By Dietrich Knauth (Reuters) – Johnson & Johnson’s proposed $8.9 billion settlement of thousands of lawsuits alleging that its talc…
Canada’s May inflation rate slows, weakening case for a July rate hike
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s annual inflation rate came in at 3.4% in May, its slowest…
Beyonce-flation? How stars are driving prices up as fans flock to concerts
By Dawn Chmielewski, Danielle Broadway and Sachin Ravikumar LOS ANGELES/GLASTONBURY, England (Reuters) – Call it Beyflation. Or maybe Swiftflation. The…
LVMH chief Bernard Arnault, daughter embark on China tour
By Casey Hall and Mimosa Spencer SHANGHAI/PARIS (Reuters) – LVMH chairman and CEO Bernard Arnault has touched down in China,…
Washington state plans to mandate Tesla’s charging plug -official
By Jarrett Renshaw (Reuters) -Washington state plans to require electric vehicle charging companies to include Tesla’s plug if they want…