Business

Nikola Motor Company Badger pickup truck Source: Nikola Motor Company Nikola shares tumbled about 15% on Friday after the electric vehicle company dismissed fraud allegations made in a report by short selling firm Hindenburg Research. Nikola said it is considering legal options, retaining Kirkland & Ellis, and that it plans to bring documents to the Security and
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Climbing Covid-19 cases among university students living in fraternity and sorority houses in the U.S. have threatened to overturn carefully crafted plans for returning students to campus, school officials say.  At the University of Tennessee,  Chancellor Donde Plowman called out fraternities Tuesday for hosting secret parties and giving others tips on how to avoid the
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Director of the National Institute of Allergy and Infectious Diseases Anthony Fauci (R) listens as US President Donald Trump speaks during the daily briefing on the novel coronavirus, COVID-19, at the White House on March 24, 2020, in Washington, DC. Mandel Ngan | AFP | Getty Images The current data on the U.S. Covid-19 outbreak
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FDA Commissioner Stephen Hahn testifies before the Senate Health, Education, Labor and Pensions (HELP) Committee hearing on Capitol Hill in Washington DC on June 30, 2020 in Washington,DC. Kevin Dietsch | AFP | Getty Images The head of the Food and Drug Administration on Thursday said he has “no intention” of overruling career scientists at the
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Lucid Motors has collaborated with Amazon to bring its voice assistant software into its debut electric vehicle, and CEO Peter Rawlinson dismissed concerns about the e-commerce giant serving as a threat in the auto market.  “I don’t think there’s a competition there. We’re happy to have Amazon Alexa as part of our technology suite,” Rawlinson said
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D Color Flawless Diamond Source: Sotheby’s Sotheby’s is set to auction off a 102-carat diamond that could become the most expensive jewel ever sold to an online bidder. The stone, a 102.39-carat D Colour Flawless Oval Diamond, could fetch $10 million to $30 million. Only seven flawless white diamonds of more than 100 carats have
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A J.C. Penney store in Laguna Hills, California Scott Mlyn | CNBC U.S. mall owners Simon Property Group and Brookfield Property Partners are close to finalizing an $800 million deal to rescue the embattled department store chain J.C. Penney from bankruptcy, avoiding a total liquidation and saving about 70,000 jobs and 650 stores, Joshua Sussberg of
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An engineer shows an experimental vaccine for the COVID-19 coronavirus that was tested at the Quality Control Laboratory at the Sinovac Biotech facilities in Beijing. Nicolas Asfouri | AFP | Getty Images LONDON  — The U.K.’s health minister on Wednesday rushed to defend AstraZeneca’s decision to pause a closely-watched coronavirus vaccine trial due to safety
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Americans love their cars, but many hate the process of buying them. The trip to the dealership can often be one that fills car buyers with dread, as they imagine the sometimes hours-long process of negotiating a purchase with professional salespeople.  Of course, with sales at or near record levels in recent years, any angst
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Virgin Galactic’s spacecraft Unity reaches space for the first time. Source: Virgin Galactic Virgin Galactic plans to conducts its next crewed spaceflight test on Oct. 22, according to documents the company filed with the Federal Communications Commission on Tuesday. The flight will be the first of two that the space tourism company has planned to complete
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John David Washington stars in the upcoming spy-thriller “Tenet” from director Christopher Nolan. Warner Bros. After months of delays Christopher Nolan’s “Tenet” finally landed in U.S. theaters over the weekend, cashing in more than $20 million in ticket sales. The spy thriller, distributed by Warner Bros., inched closer to $150 million globally, the company reported,
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