Toyota shareholders request it disclose climate lobbying efforts, fear it’s missing out on EV profits

  • May 12, 2023
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Three EU based asset management companies holding millions in stake in Toyota Motor have submitted a shareholder request that the Japanese automaker provide a comprehensive, annual review of its climate-related lobbying efforts. Never one to miss an opportunity to show cynicism toward a steadfast BEV future, Toyota has urged his other shareholders to vote against […]

NIO ET5 Orion spotted as Porsche rivaling EV crossover ahead of 2024 debut

  • May 12, 2023
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NIO’s new “ET5 Orion” electric crossover was spotted in Norway during a press shoot, and at a glance, you may mistake it for a Porsche. NIO to challenge Porsche, premium EVs with ET5 Orion Chinese EV pioneer NIO has ambitious plans to expand outside its home market. The automaker first revealed plans to expand its […]

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Butterfly Network reports over $33M loss in Q1

  • May 12, 2023
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Butterfly Network, maker of a handheld, smartphone-connected ultrasound system, saw its stock price drop after reporting first-quarter revenue of $15.5 million, flat from its total revenue of $15.6 million in Q1 2022, alongside a net loss of $33.5 million.   Still, this year, the Mass.-based company’s first quarter net loss was less than its reported $44.5 […]

Tesla’s giant 1 million car recall is literally a feature update

  • May 12, 2023
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The media is picking up what it is portraying as Tesla recalling over 1 million vehicles in China, but the so-called “recall” is literally a feature update. There’s already a lot of debate about whether Tesla recalls that are done through over-the-air software updates should really be called “recalls.” A reasonable argument could be made […]

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Q&A: Digital therapeutics’ future after the fall of Pear Therapeutics

  • May 12, 2023
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Since Pear Therapeutics, one of the earliest digital therapeutic companies, declared bankruptcy in April, there’s been discussion surrounding the state of investments in digital therapeutics, challenges that exist around standards of care, barriers to adoption and how to achieve success in the sector. Andy Molnar, CEO of the Digital Therapeutics Alliance, a nonprofit organization that […]

VinFast announces new SPAC deal worth more than $23 billion

  • May 12, 2023
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VinFast Auto has formed a business combination agreement with Black Spade Acquisition Co. in hopes of finally achieving that IPO in the US it has been promising for years. If and when the transaction is complete, VinFast is expected be listed on the US stock market at an equity value over $23 billion. In true […]