German automaker Volkswagen announced that it would invest $5 billion in US-based electric vehicle maker Rivian as part of a joint venture to share EV architecture and software.
Funding
Thames Water Scrambles for Funds to Pay $19 Billion Debt and Prevent May 2025 Shutdown
UK utility Thames Water urgently seeks new funding to pay off £15 billion ($19 billion) debt burden amid regulatory disputes with OFWAT and potential shutdown by May 2025.
Top CEOs, Including Apple and Walmart, Skip 2024 Presidential Donations
Over 100 Top CEOs from America's largest companies avoided financially supporting major party candidates in the 2024 presidential race, with most focusing contributions on congressional campaigns instead.
French Energy Giant EDF Backs Out of Bid Race to Build UK’s Mini-Nuke Reactors
EDF, France’s state energy company, has appeared to pull out of the bidding race to build mini-nuclear reactors in the United Kingdom, saying that it was refining its small modular reactor design.
Moderna Receives $176 Million US Grant for Bird Flu Vaccine Development
Moderna received $176 million from the US government to fast-track the development of its bird flu vaccine, following the spread of the H5N1 virus in dairy herds across multiple states.
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Novo Nordisk announced a $4.1 billion investment to build a new manufacturing plant in Clayton, North Carolina, to increase production capacity for its popular drugs Wegovy, Ozempic, and other injectable therapies.
Bank of Thailand Governor Sethaput Suthiwartnarueput doubled down its opposition against the Thai government of PM Srettha Thavisin and its plan to give almost $14 billion in cash to almost all of its adult citizens.
Google announced a $2.3 billion investment to support its data center campuses in central Ohio, adding to the $4.4 billion already spent since 2019, to enhance its global services infrastructure.
The leaders of the Group of Seven, the world’s wealthiest nations, have agreed to create a $50 billion loan to help Ukraine in its fight to survive Russia’s onslaught, with interest earned on profits from Russia’s frozen central bank assets used as collateral.
T-Mobile secures a $2.67 billion contract with the U.S. Navy for advanced communication technologies, supported by its partnership with SpaceX for improved service delivery.
Amazon and Vrio plan to deploy 3,236 low Earth orbit satellites to provide broadband internet to South American countries, directly competing with Elon Musk's Starlink.
Supporters of Biden and Trump hold rival fundraising events in London; Trump raises $2M with Nigel Farage, while Biden opts for quieter events with smaller contributions.
Zelenskyy's plea for air defense and funding aid garners support from Scholz. G7 and Switzerland following his arrival in Berlin to call for solidarity amidst war with Russia.
GM approved a $6B stock buyback following a $10B program to boost share value and as they keep up with all-electric vehicle market competition.
