Lordstown Motors announced that it may face bankruptcy if its investment deal with Foxconn does not go through. On Monday, the electric vehicle startup revealed that its shares had plummeted by 25% in early trading. The company stated in a regulatory filing that Foxconn had sent a letter on April 21, stating that Lordstown was
Francesco Pata, MD, PhD, of Università della Calabria in Rende, Italy, and his team were faced with a diagnostic dilemma when a 70-year-old woman presented with abdominal pain, nausea, and vomiting for the past 3 days. The patient had a medical history of high blood pressure, atrial fibrillation, and congestive heart failure. However, she had
In a historic Game 7 performance, Stephen Curry led the Golden State Warriors to a 120-100 victory over the Sacramento Kings in the Western Conference series. Curry scored 50 points on 20-of-38 shooting, which is the most scored in a Game 7 in NBA history. He also became the first player in Warriors history with
JPMorgan Chase’s acquisition of First Republic marks the end of the panic phase of the banking crisis, with the fallout expected to continue. The largest US bank by deposits reached a deal to take over the 14th-largest financial institution, averting a destabilising collapse in the sector. However, this does not solve all the banking problems
The board of supervisors appointed by Florida Governor Ron DeSantis to oversee Walt Disney World’s operations has voted to sue Disney in response to the company’s recent federal lawsuit alleging a campaign of political retaliation by the governor. The panel, which had replaced a Disney-backed board weeks earlier, voted unanimously to authorize a lawsuit in
An anonymous donor gave $34 million to the American Edge Project, an advocacy group backed by Facebook, to fight antitrust legislation that would have more tightly regulated the tech industry. Although the organization’s latest 990 tax forms do not list names of donors, a person who works with the group confirmed that the donation was
A group of environmental and cultural heritage nonprofits have filed a lawsuit against the Federal Aviation Administration (FAA), claiming that the agency violated the National Environment Policy Act by allowing SpaceX to launch the largest rocket ever built without conducting a comprehensive environmental review. The lawsuit, filed in a district court in Washington, D.C., alleges
Meta Platforms has become the first mega-cap technology company to enter the US investment-grade bond market, looking to raise $7 billion in a five-part deal. The offering will be the social media giant’s second bond issue, following last year’s $10 billion offering. Meta Platforms will use the funds to finance capital expenditures, repurchase outstanding shares
A new survey from online security firm McAfee reveals that almost half of Indian adults have either experienced or know someone who has experienced an artificial intelligence (AI) voice scam. This is almost double the global average of 25%. The survey of 7,054 people across seven countries, including India, found that 47% of Indian adults
Top lawmakers who sit on key banking committees have praised the federal takeover of First Republic Bank and the successful sale of its assets to JP Morgan Chase. The sale of the bank’s assets has been viewed as a public-private collaboration to protect the US financial system. Rep. Maxine Waters, the top Democrat on the