Red Bull Formula 1 showcase coming to DC
On Saturday, a Formula 1 car will head down Pennsylvania Avenue as part of the Red Bull Showrun.
On Saturday, a Formula 1 car will head down Pennsylvania Avenue as part of the Red Bull Showrun.
Red Bull and Max Verstappen have been absolutely dominant since F1 car rules changed ahead of the 2022 season.
Red Bull and Max Verstappen have dominated Formula 1 since new car rules were implemented in 2022.
Red Bull is putting on a Showrun this weekend in Washington, D.C. that will have David Coulthard driving an RB7 down Pennsylvania Avenue.
Formula 1 makes its first of three visits to the United States this weekend as it takes over the Hard Rock Stadium complex for the third-ever Miami Grand Prix.
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Coinbase posted its second consecutive quarterly profit as crypto trading surged during the first three months of 2024.
The Pittsburgh Steelers are declining the fifth-year option for running back Najee Harris, making him a free agent after the 2024 season.
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F1 rejected Michael Andretti's bid to own a team until at least the 2028 season earlier this year.
Hyundai has agreed to spend nearly $1 billion on Motional, an investment that will give the automaker a majority stake while providing the self-driving startup with the necessary capital to keep operating. The Korean automaker invested $475 million directly into Motional as part of a broader deal that includes buying out joint venture partner Aptiv. As part of the deal, Hyundai will spend another $448 million to buy 11% of Aptiv's common equity interest in Motional, according to information revealed Thursday in Aptiv's first-quarter earnings report.
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Peloton, the exercise equipment maker and online fitness course provider, said it is laying off 15% of its workforce (about 400 people) as part of cost-cutting measures. The company also said its CEO, president, and board director, Barry McCarthy, would step down after two years in the role. McCarthy, who was previously CFO at Spotify and Netflix, was coerced out of retirement in early 2022 when Peloton's co-founder and then-CEO, John Foley, left the role alongside a major cost-cutting effort that saw 2,800 employees laid off.
Digital fraud detection company BioCatch has a new majority shareholder: A U.K.-based private equity firm, Permira, is acquiring shares in the company "primarily" from existing investors, including Bain Capital, Maverick Ventures, and Tech Opportunities, in a secondary market transaction that values BioCatch at $1.3 billion. Existing shareholders Sapphire Ventures and Macquarie Capital are also increasing their stake in BioCatch, though the firms did not mention by how much.
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