A group of doctors join abortion rights supporters at a rally outside the supreme court in Washington on Wednesday. Photograph: Andrew Harnik/Getty Images View image in fullscreen A group of doctors join abortion rights supporters at a rally outside the supreme court in Washington on Wednesday. Photograph: Andrew Harnik/Getty Images Explainer What’s at stake in […]
Tesla’s stock (TSLA) surged 12% today, one of its best days in a long time, as Elon Musk tries to position Tesla to ride the artificial intelligence wave. In a rare occurrence, Tesla had a pretty bad miss on expectations for both revenue and earnings with its financial results in Q1 2024. Despite the miss, […]
Amid a shifting strategy, Ford (F) reported first-quarter earnings Wednesday, beating analyst expectations. However, due to fierce pricing pressure, Ford’s EV revenue fell 84% in Q1 2024. Ford shifts EV strategy amid sales upswing Despite EV sales surging 86% to 20,233 in the first three months of 2024, Ford is pulling back. All Ford electric […]
The Food and Drug Administration on Wednesday approved the sale of an antibiotic for the treatment of urinary tract infections in women, giving U.S. health providers a powerful new tool to combat a common infection that is increasingly unresponsive to the existing suite of antimicrobial drugs. The drug, pivmecillinam, has been used in Europe for […]
Tesla now says that it expects its own 4680 battery cells to become cheaper than those coming from suppliers by the end of the year. 4680 is a new cell format enabled by new technologies, like tabless cells, developed by Tesla. It was first unveiled in 2020 with promises of enabling significantly lower cost, more […]
Midlife women’s health clinic Midi Health announced it secured $60 million in a Series B funding round led by Emerson Collective, bringing its total raise to $100 million. GV (Google Ventures), who led the company’s $25 million Series A round announced in September, participated in the round. SemperVirens, Icon Ventures, Felicis, Gingerbread Capital, Steel Sky […]
The abortion case before the Supreme Court on Wednesday featured vigorous questioning and comments, particularly by the three liberal justices. At issue is whether Idaho’s near-total ban on abortion is so strict that it violates a federal law requiring emergency care for any patient, including providing abortions for pregnant women in dire situations. A ruling […]
Rivian wants to shake up the industry with its next-generation R2 electric vehicle. Starting at around $45,000, the R2 is expected to open up a new market of buyers. How does Rivian plan to keep its rugged luxury feel at a lower price? The company’s design boss explains. Rivian R2 design challenges present unique opportunity […]
Rendering: New York Port Authority New York State’s largest onsite solar plus storage project – a solar carport canopy at JFK International Airport – has begun construction. Once the solar carport comes online, it will help power the AirTrain and reduce electricity costs for residents of low-income neighborhoods in Queens. The solar carport will be […]
Xaira Therapeutics, an AI-enabled drug discovery and development company, announced its launch with more than $1 billion in capital. The biotechnology company is a joint incubation by ARCH Venture Partners and Foresite Labs, the lead investors in the funding round. Lux Capital, Two Sigma Ventures, F-Prime, Rsquared, SV Angel, Menlo Ventures, Sequoia Capital, NEA, the […]
