Rivian, the electric automaker backed by Amazon, Ford and a cornucopia of heavy-hitting institutional investors like T. Rowe Price Associates and Coatue, finally made its once-confidential IPO filing public. The company, which started in 2009 as Mainstream Motors before adopting the Rivian name two years later, has exploded in terms of people, backers and partners […]
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Basketball Star Bradley Beal’s Misleading Comments About COVID-19
SciCheck Digest NBA star Bradley Beal made some misleading comments — shared in viral video clips — about the effectiveness of COVID-19 vaccines. No vaccine is 100% effective, but clinical trials and studies show the COVID-19 vaccines are very effective at preventing illness, particularly serious illness, including for those previously infected, such as Beal. How […]
Toyota outsells GM in U.S. for first nine months of 2021
October 1, 2021 By David Shepardson, Abhijith and Ganapavaram WASHINGTON (Reuters) -Japanese automaker Toyota Motor Corp outsold General Motors Co in the United States for the first nine months of 2021 as the Detroit automaker grappled with production problems stemming from the semiconductor chip shortage. Toyota during the first nine months sold 1.86 million vehicles […]
Canadian designer Nygard consents to U.S. extradition, may face new sex charges in Canada
October 1, 2021 By Rod Nickel WINNIPEG, Manitoba (Reuters) -Canadian fashion designer Peter Nygard has consented to extradition to the United States, where he faces sex trafficking and racketeering charges, lawyers for the prosecution and defence said at a hearing on Friday. Separately, Toronto Police Service issued a statement saying it had an arrest warrant […]
Strike looms over labor conditions on TV and film productions by big streaming services
A dispute over working conditions at “new media” properties like Netflix, Disney+, Apple TV and others may shut down productions across the country if a strike vote by the union succeeds. Thousands of workers on and off set claim they are not receiving appropriate wages, breaks, safety measures and other needs due to a contractual […]
Ice hockey-Targeted with racist behaviour, Smereck says change is overdue
October 1, 2021 By Amy Tennery (Reuters) – Ukrainian Hockey League (UHL) player Jalen Smereck told Reuters on Friday he would return to the ice despite an opponent targeting him with racist behavior, but the American said reform was long overdue for the sport. A video showing HC Kremenchuk forward Andriy Deniskin peeling and eating […]
TSX starts October with a gain but extends weekly losing streak
October 1, 2021 By Fergal Smith TORONTO (Reuters) – Canada’s main stock index rose on Friday as the prospect of the first oral antiviral medication for COVID-19 boosted the sectors that could benefit most from a recovery in economic growth, but the market still posted a decline for the week. The Toronto Stock Exchange’s S&P/TSX […]
U.S. house panel considers bill curbing dual-class stock
October 1, 2021 By Jessica DiNapoli NEW YORK (Reuters) – A U.S. House of Representatives panel plans to discuss a draft bill requiring companies that go public with dual-class stock to sunset the structure after seven years, according to a copy of the proposed legislation published late Thursday. Dual-class share structures, which give some stockholders […]
Bruised market eyes Treasury yields to gauge stocks’ path
October 1, 2021 By Lewis Krauskopf NEW YORK (Reuters) – Investors are focusing on Treasury yields as a key factor in determining how stocks will fare the rest of the year, after a month in which equities notched their steepest losses since the coronavirus pandemic began. The S&P 500 index posted its biggest monthly drop […]
Daily Crunch: Nigerian president offers to lift 4-month Twitter ban under certain conditions
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for October 1, 2021! What a week, y’all. With the third quarter of 2021 now behind us, it’s time to gird ourselves for earnings season, new […]
More destruction feared in La Palma as lava pours from new volcano vent
October 1, 2021 By Juan Medina and Marco Trujillo MADRID (Reuters) -Lava flowed from a newly opened crack in the Cumbre Vieja volcano on Spain’s La Palma on Friday, carving a different path from previous flows and raising fears of more destruction, while fine ash forced islanders to don masks and goggles. A river of […]
Influx of Haitian migrants pushing locals out of housing in Colombia beach town
October 1, 2021 By Henry Esquivel NECOCLI, Colombia (Reuters) – An influx of thousands of mostly Haitian migrants seeking transport northward toward the United States is pushing locals in the Colombian beach town of Necocli out of housing, residents said, as landlords favor migrants able to pay in dollars. The backlog of migrants waiting in […]
Rivian’s IPO filing is now public
Electric vehicle startup Rivian, which just started deliveries of its R1T pickup truck , released its filing to become a publicly traded company in the United States. The S-1 document, which was filed Friday with the U.S. Securities and Exchange Commission, does not include terms for its offering. The company filed confidentially for its IPO […]
What to watch for in the U.S. SEC’s GameStop report
October 1, 2021 By John McCrank NEW YORK (Reuters) – The U.S. Securities and Exchange Commission plans to soon release its long-awaited report on the GameStop trading saga and it could have implications for brokerages, wholesale market makers, exchanges, and retail investors. The SEC report is expected to address the issues around the market chaos […]
Fix it or ditch it, UK’s Johnson warns EU on Northern Ireland deal
October 1, 2021 BELFAST (Reuters) – British Prime Minister Boris Johnson said on Friday that Northern Ireland’s contentious post-Brexit trading arrangements could work in principle if they were “fixed” but warned the EU they would be “ditched” if not. The Northern Ireland protocol was part of the Brexit divorce settlement Johnson negotiated with the European […]
U.S. adviser, Panama president discussed infrastructure needs, transparency – U.S. statement
October 1, 2021 MEXICO CITY (Reuters) – U.S. Deputy National Security Adviser Daleep Singh and Panama’s President Laurentino Cortizo discussed Panama’s infrastructure needs and transparency in a meeting, according to a White House statement on Friday. The meeting also included Cortizo’s cabinet members, representatives of the Panama Canal Authority, and private sector business leaders, the […]
U.S. Transportation Department furloughs 3,700 employees
October 1, 2021 By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department said 3,700 employees had been temporarily furloughed after Congress failed to reauthorize surface transportation programs before a deadline that expired early on Friday. A department spokesperson said the agency is “taking every step we can to mitigate the impacts of this temporary lapse […]
Enterprise software firm Informatica files for U.S. IPO
October 1, 2021 (Reuters) – Enterprise software developer Informatica Inc on Friday filed for an initial public offering in the United States, paving the way for a return to the public markets more than six years after being taken private. (Reporting by Niket Nishant in Bengaluru; Editing by Vinay Dwivedi) Source Link Enterprise software firm […]
Deere reaches tentative 6-year labor deal with United Auto Workers union
October 1, 2021 (Reuters) – U.S. tractor maker Deere & Co and the United Auto Workers (UAW) union on Friday agreed on a new six-year labor contract that will be subject to a vote by the company workers. The tentative deal will cover about 10,100 production and maintenance employees across 12 facilities in Iowa, Illinois, […]
German ‘kingmakers’ meet on coalition, courted by would-be kings
October 1, 2021 By Paul Carrel and Thomas Escritt BERLIN (Reuters) -Germany’s Greens and Free Democrats met on Friday for a second round of talks to explore possible common ground on which to form a new coalition government with either the Social Democrats or the conservatives, both of whom are courting them. The Greens and […]