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Tesla, the electric vehicle (EV) giant, experienced a significant drop in its share price, closing down approximately 5% at $209.98. This decline came following HSBC Global’s initiation of coverage with a “reduce” rating and a price target of $146. The HSBC analysts pointed out that Elon Musk, the CEO of Tesla, is both an asset
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Microsoft, a multinational technology company, has made significant investments in OpenAI, a well-known AI startup. However, in an unexpected turn of events, Microsoft temporarily restricted its employees from using OpenAI’s renowned product, ChatGPT, due to security and data concerns. This decision had a considerable impact on the employees who heavily relied on ChatGPT for their
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Ohio voters have achieved a significant victory for reproductive rights by adding the right to access abortion care to the state’s constitution. This historic development represents a major triumph for abortion-rights advocates, particularly following the Supreme Court’s decision to overturn Roe v. Wade in June 2022. With the passage of the Issue 1 ballot measure,
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The United Auto Workers (UAW) union has announced that Chrysler-parent Stellantis intends to invest $18.9 billion in the United States by April 2028. This significant investment includes $1.5 billion for the production of a new midsize pickup truck at the Belvidere factory in Illinois. The UAW has described the proposed contract as “the most lucrative
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In a recent announcement, Amazon confirmed that it will be closing its two brick-and-mortar apparel stores, marking a significant shift in the company’s physical retail strategy. This decision comes almost a year and a half after the opening of the first store, signaling Amazon’s evolving approach to the fashion industry and the growing emphasis on
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