(Reuters) – Shares of cannabis companies sank on Tuesday after the U.S. Drug Enforcement Administration (DEA) postponed its cannabis reclassification hearing to Dec. 2, after the U.S. presidential election. The Department of…
Category: Business
Meta Platforms strikes geothermal energy deal to power US data centers
-Facebook owner Meta Platforms struck a deal to buy geothermal power from Sage Geosystems to supply its U.S. data centers, it said on Monday, as it races to build out the infrastructure…
Tesla can challenge Louisiana direct sales ban, US appeals court rules
(Reuters) – A divided federal appeals court on Monday revived Tesla’s lawsuit challenging Louisiana’s ban on direct vehicle sales to consumers. In a 2-1 decision, the 5th U.S. Circuit Court of Appeals…
BMW overtakes Tesla in European EV sales for first time, report says
(Reuters) – BMW led the European battery electric vehicle (BEV) market for the first time, beating U.S. automaker Tesla, according to market research firm JATO Dynamics. The German auto giant sold 14,869…
Energix signs long-term solar power deal with Google
(Reuters) – Energix Renewables said on Tuesday it has signed a long term agreement with Alphabet’s Google to supply electricity and renewable energy credits generated from its solar projects to the tech…
Stellantis delays investment plans for Illinois
By David Shepardson and Abhijith Ganapavaram (Reuters) – Stellantis said on Tuesday its planned investments at Belvidere, Illinois, will be delayed but insisted it is committed to moving forward and is not…
OpenAI signs content deal with Condé Nast
(Reuters) -Sam Altman-led OpenAI on Tuesday announced a multi-year partnership with Condé Nast to display content from its brands such as the Vogue and the New Yorker within the AI startup’s products,…
Judge temporarily blocks Disney sports streaming venture
By Jack Queen and Dawn Chmielewski (Reuters) -A federal judge on Friday put on pause a plan by Walt Disney, Fox and Warner Bros Discovery to launch a new sports streaming platform,…
Exclusive-Boeing, Lockheed Martin in talks to sell rocket-launch firm ULA to Sierra Space
By Joey Roulette and Mike Stone WASHINGTON (Reuters) -Boeing and Lockheed Martin are in talks to sell their rocket-launching joint venture United Launch Alliance to Sierra Space, two people familiar with the…
Ford to recall about 85,000 vehicles due to risk of engine fire
(Reuters) -Ford Motor is recalling about 85,000 Explorer SUVs equipped with the Police Interceptor Utility package over concerns of an engine fire, the National Highway Traffic Safety Administration said on Friday. In…