Lyft rattles Wall Street as margins suffer in race with Uber

[ad_1] May 5 (Reuters) – Lyft Inc shares (LYFT.O) tumbled about 19% on Friday as the ride-hailing company’s strategy to claw back market share from rival Uber (UBER.N) with lower…

Biopharma firm Acelyrin valued at $2.1 billion in strong market debut

[ad_1] May 5 (Reuters) – Shares of Acelyrin Inc (SLRN.O) rose 28% in their Nasdaq debut on Friday, giving the biopharma company a market capitalization of $2.1 billion. The Los…

U.S. decision on Minnesota copper mine awaits Interior Dept opinion

[ad_1] Sept 8 (Reuters) – U.S. Agriculture Secretary Tom Vilsack said on Wednesday he is waiting for a legal opinion before deciding whether to approve Minnesota’s Twin Metals copper mining…

Germany air taxi firm Lilium plans to raise $250 million, shares jump

[ad_1] May 2 (Reuters) – Germany’s Lilium NV (5KD.F) said on Tuesday it would raise up to $250 million, including from its largest shareholder Tencent Holdings (0700.HK), to fund the…

Ford’s Kentucky Truck Plant road-tests a new quality strategy

[ad_1] LOUISVILLE, Kentucky, May 1 (Reuters) – Shutting down the assembly lines that build Super Duty pickup trucks at Ford Motor Co’s (F.N) Kentucky Truck Plant is a multimillion-dollar action…

Explainer: Elon Musk loves it. So what’s all the buzz about bitcoin?

[ad_1] LONDON, Feb 8 (Reuters) – Bitcoin surged anew on Monday when Elon Musk electrified its prospects by pledging Tesla Inc (TSLA.O) would soon take payment for its electric vehicles…

GM, Samsung SDI plan to build new US battery plant -sources

[ad_1] WASHINGTON, April 24 (Reuters) – General Motors Co (GM.N) and Samsung SDI (006400.KS) are expected to announce as early as Tuesday that they plan to build a new joint-venture…

TuSimple’s self-driving truck network expanding eastward via Texas

[ad_1] June 16 (Reuters) – Self-driving truck technology company TuSimple Holdings Inc (TSP.O) said on Wednesday it will open a new Texas facility that will enable it to put trucks…

Exclusive: Tesla readies export of Model Y to Canada from China

[ad_1] SHANGHAI, April 24 (Reuters) – Tesla has begun producing in Shanghai a version of the Model Y to be sold in Canada this year, the first time it will…

Goldman-backed ReNew plugs into U.S. public market with $8 bln blank check deal

[ad_1] Feb 24 (Reuters) – ReNew Power will go public through an $8 billion merger with a blank-check firm in the biggest deal in the fast-growing clean energy sector in…