China’s largest manufacturer of electric vehicles (EVs), BYD, revealed that first-quarter sales for 2024 dropped 43% from the fourth-quarter of 2023. This could indicate that BYD will relinquish its status as the world’s largest EV seller to Tesla, which it had held for the previous year. According to a late-day report to the Shenzhen Stock…
Sam Bankman-Fried, the former millionaire CEO of FTX, was sentenced to 25 years in jail on Thursday for stealing $8 billion from clients. This decision infuriated and disappointed some former FTX customers. Minutes after the sentence was imposed by a New York judge, a member of an FTX creditors organisation going by the moniker Bruno…
Xiaomi, a Chinese smartphone giant, has launched its first electric vehicle (EV) and will begin taking orders. Its CEO, Lei Jun, announced last week that the Speed Ultra 7 (SU7) would be priced below 500,000 yuan ($69,186). The move pits the technological behemoth against rivals like Tesla and BYD. Xiaomi’s debut into the electric vehicle…
AccuWeather, a private forecaster in the United States, predicts an above-average Atlantic hurricane season in 2024, with a near-record number of storms and a higher-than-usual probability of direct impacts in sections of Florida, Texas, and the Carolinas, the company said. This year’s hurricane season, which might be one of the most active in history, begins…
Approval of Merck’s treatment for individuals with high blood pressure brought on by pulmonary artery constriction was approved by the U.S. Food and Drug Administration, giving the multinational pharmaceutical company access to yet another potentially game-changing medication. Merck’s stock rose more than 4% during extended trading. About 40,000 Americans suffer with pulmonary arterial hypertension (PAH), which…
The global automotive industry is being significantly impacted by a little electric vehicle. The price of the EV and its potential to upend local auto sectors across the globe are what are creating waves, not the vehicle itself. The little, all-electric Seagull hatchback, which retails for less than $10,000 (69,800 yuan), is said to turn…
Apple is the target of a historic lawsuit brought by the US, which claims the tech giant is monopolising the smartphone market and stifling competition. The Justice Department claims in the lawsuit that the business exploited its dominance over the iPhone app store to “lock in” developers and users. It charges the company with using…
Looks like Donald Trump is struggling to come up with the $464 million fraud fine. Could he be saved by the stock market? After a majority of Digital World Acquisition Corp. shareholders decided on Friday to acquire the company, Trump Media—which operates the social media platform Truth Social—is about to go public. At the current…
The first human to receive a replacement kidney from a genetically modified pig is a 62-year-old man with end-stage renal illness, according to recent announcements from specialists at Massachusetts General Hospital in Boston. According to a statement from the hospital, the four-hour procedure on March 16 “marks a major milestone in the quest to provide…
A combination between Digital World Acquisition Corporation and Donald Trump’s social media business was approved by shareholders on Friday. The acquisition may eventually bring in $3 billion or more for the former president. About 2.5 years have passed since the so-called special purpose acquisition business declared its intention to merge with Trump Media & Technology…
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