A record half-billion dollar redemption from Ark Invest's flagship fund in a single day has led analysts to highlight the risks arising from the ETF's heavy exposure to illiquid stocks if outflows pick up pace. A 20% pullback in Tesla shares over the past three weeks, the biggest holding of the exchange-traded fund Ark Innovation set up by star investor Cathie Wood has triggered a rush among investors to sell some of their holdings. These include names such as therapeutic discovery company Compugen and three-dimensional printing firm Stratasys whose daily share trading is tiny compared to the overall ETF's turnover.
Ford Motor Co's Chief Executive on Wednesday called on the U.S. government to support battery production and charging infrastructure development, as he outlined the automaker's plan to develop electric platforms for its top-selling trucks, vans and SUVs. "We need to bring large-scale battery production to the U.S.," Ford CEO Jim Farley said at a financial conference, adding that he planned to highlight the issue in talks with government leaders. President Joe Biden is meeting with lawmakers Wednesday to discuss how to secure supplies of electric vehicle batteries, semiconductors used in vehicles, rare earths and pharmaceuticals.
The Pistons will play 20 of their final 36 games at home, including nine of the final 11 games of the season.
With Winter Storm Uri leaving millions of Texans without power or water last week, North Texas-based Toyota Motor North America (TMNA) has pledged $1 million in relief for storm victims. The aid will serve both customers and a variety of Texas-based non-profit organizations.
The firefighter is in critical condition, a fire official says.
Lyft will now make its service available to those without the company's app. Lyft dubs its new service Call a Lyft Ride. The telephone, a telecommunications device pioneered recently (in geologic terms) by Alexander Graham Bell, is an innovation that allows Lyft to reach new users hesitant or unable to use the company's normal smartphone-based app services.
(Bloomberg) -- Canada and the U.S. are working on joint environment plans that could include singling out countries with weaker climate laws, Prime Minister Justin Trudeau says.The Canadian leader said in an interview with Bloomberg News that his country’s plans to deepen climate cooperation with the U.S. will include complementary policies that take “into account the emissions profiles of industrial competitors around the world.”Some countries “are producing without having the same kinds of leadership on climate change that the U.S. is bringing into place and that we already have,” Trudeau said in the telephone interview Wednesday, one day after a bilateral meeting with U.S. President Joe Biden and key officials. “That level of transparency and accountability is something that we are concretely looking at moving forward on.”Trudeau’s comment illustrates just how far the idea of penalizing high-emitting countries -- perhaps with carbon taxes on their exports -- has advanced in recent months among major economies ramping up efforts to curb pollution. Such levies could alleviate some of the competitiveness concerns, and political backlash, associated with new climate regulations and laws.Trudeau didn’t mention specifically the idea of a carbon border levy in the interview, other than to say more details will be unveiled in the coming months, ahead of an April climate summit the White House is planning.His trade chief, Mary Ng, said earlier this month the Canadian government is “working on” the idea, as part of broader efforts to find areas where economic goals and climate targets align. A Canadian government official said a number of measures are being looked at around the world, with carbon adjustments being just one tool.Taxing goods from countries with weaker climate laws has won the support of U.K. Prime Minister Boris Johnson, who is expected to use his country’s Group of Seven presidency this year to win support for so-called carbon border adjustments. The European Parliament’s environment committee backed a resolution earlier this month urging the European Commission to put a price on emissions from imported products by 2023.‘Competitive Disadvantage’Biden has promised aggressive action to combat climate change and on the campaign trail signaled his support for carbon fees or quotas that would raise the price of imported goods from countries with lax climate controls.“As the U.S. takes steps to make domestic polluters bear the full cost of their carbon pollution, the Biden administration will impose carbon adjustment fees or quotas on carbon-intensive goods from countries that are failing to meet their climate and environmental obligations,” Biden’s campaign pledged in a clean energy blueprint last year. “This will ensure that American workers and their employers are not at a competitive disadvantage and simultaneously encourage other nations to raise their climate ambitions.”However, it isn’t clear whether a carbon levy on imports would comply with World Trade Organization rules without a similar domestic tax.U.S. Special Presidential Envoy for Climate John Kerry and Canada’s Environment Minister Jonathan Wilkinson also spoke Wednesday about how the two countries can coordinate their efforts. Wilkinson told reporters in Ottawa after the meeting the pair spoke about carbon tariffs and there is interest in the concept, but that the priority remains on building global ambitions to fight climate change.“After four years of moving in entirely different directions on this file with the United States, it is certainly great to be working together again,” Wilkinson said.The Canadian minister cited Japan, India, China, Australia and Mexico as countries that should face pressure to lower their emissions.For Trudeau, pushing aggressively on climate provides some defense against attacks on his country’s environmental record, which is complicated by Canada’s large oil and gas sector. Trudeau’s two-hour virtual meeting with Biden sought to soothe growing tensions over the U.S. administration’s decision to cancel a permit for a major oil pipeline over the Canada-U.S. border.In the interview, Trudeau said Biden won’t change his mind on the Keystone XL pipeline but that Canada is focused on other energy issues with the U.S., including how the two countries can work together to build a cleaner electrical grid -- a key to meeting 2030 emissions goals, he said.“Those issues were brought up. We spent most of our time talking however about the larger idea of energy strategy and climate change at the same time,” Trudeau said. On Keystone, “I think it’s very clear that the U.S. administration has made its decision on that, a decision that we disagree with and are disappointed by.”(Updates with Kerry-Wilkinson meeting, minister’s comment beginning in 11th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Here's everything you need to know about vaccine distribution in the Central Valley and in California:
“Synaptics is in the early stages of driving a transformation in the company's business that we expect to result in significant shareholder value creation,” says analyst Craig Hettenbach.
Radnor, Pennsylvania--(Newsfile Corp. - February 24, 2021) - The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed against QuantumScape Corporation (NYSE: QS) (NYSE: QS.WS) ("QuantumScape"), f/k/a Kensington Capital Acquisition Corp. ("Kensington") on behalf of those who purchased or acquired QuantumScape securities between November 27, 2020 and December 31, 2020, inclusive (the "Class Period").Deadline Reminder: Investors who purchased or acquired QuantumScape securities ...
Backup guard Quinn Cook has been waived by the Los Angeles Lakers. The defending NBA champions announced the move Wednesday, shortly before Cook's contract would have been guaranteed. Cook averaged 2.1 points while appearing in 16 games this season for the Lakers, who also waived him in November before re-signing him in December.
Over 12,000 Amazon reviewers give this machine 5 out of 5 stars for strengthening the glutes.
(Bloomberg) -- Video game publisher Electronic Arts Inc. has decided not to move forward with a planned revision of Anthem, an online video game that was widely criticized following its launch two years ago.A small team at the EA-owned game developer BioWare had spent the past year and a half working on this revision, which they called Anthem Next. They had hoped to overhaul the game and get a second chance from fans.February marked the end to Anthem Next’s incubation period, which meant that EA had to decide whether to move forward or abandon the project, Bloomberg previously reported. Earlier this month, EA executives reviewed the current version of Anthem Next and decided not to proceed.In a Wednesday blog post, BioWare’s Christian Dailey pinned the cancellation on the coronavirus pandemic, writing that “working from home during the pandemic has had an impact on our productivity and not everything we had planned as a studio before Covid-19 can be accomplished without putting undue stress on our teams.”(Updates with developer’s comments in the fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
With the NBA's All-Star break just a week and a half away, the league announced the full second-half schedules for all 30 teams on Wednesday afternoon.
The next "Star Wars" series, an animated show about an elite group of clones called "The Bad Batch," will debut on the Disney+ streaming service on May 4, the company said on Wednesday. Marvel Studios live-action series "Loki," about the villain played by Tom Hiddleston, will premiere on June 11, Disney said in a statement ahead of a presentation of upcoming programming to the Television Critics Association. The debut date coincides with an unofficial holiday among "Star Wars" fans who use the catchphrase "May the Fourth be with you."
Conflict-torn Yemen “is falling off a cliff” and will face the worst famine the world has seen for decades unless donors, and especially its Gulf neighbors, contribute generously to this year’s U.N. humanitarian appeal for $3.85 billion, the U.N. humanitarian chief warned Wednesday. Mark Lowcock said Gulf countries, especially Saudi Arabia and the United Arab Emirates, which contributed generously to U.N. appeals in 2018 and 2019, cut back drastically last year. This forced aid agencies to reduce the number of Yemenis receiving food and other humanitarian aid from 13-14 million every month in 2019 to just 9 million in 2020, he said.
IMDb TV, Amazon’s two-year-old, free streaming service, is now available as a stand-alone app on Chromecast with Google TV and will soon be on other Android TV OS devices in the U.S. The distribution expansion follows recent launches of the IMDb TV app on Roku, Xbox One, Xbox Series X|S and Sony Android TV devices. The IMDb TV app, featuring […]
Alliance Environmental Group announced the acquisition of a new company Coast Environmental, a leading provider of indoor air quality management and life safety services to hospitals and healthcare facilities. Coast Environmental specializes in fire stopping, fire damper testing and repairs, containment for infection control, Kitchen Exhaust System cleaning, HVAC systems cleaning and refurbishment and mold remediation.
Roanoke, VA, Feb. 24, 2021 (GLOBE NEWSWIRE) -- ROANOKE, VA, February 24, 2021 -- Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its fourth-quarter and full-year financial results for the period ended December 31, 2020 after the close of the stock market on Thursday, March 11, 2021. Following the release, at 5 p.m. Eastern, Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; Brian Soller, Senior Vice President and General Manager of the Lightwave Division; and James Garrett, Senior Vice President and General Manager of the Luna Labs Division will host a conference call to discuss the fourth-quarter and full-year 2020 earnings results. The investor conference call will be available via live webcast on the Luna website at www.lunainc.com under the tab “Investor Relations.” To participate by telephone, the domestic dial-in number is 1.844.578.9643 and the international dial-in number is +1.270.823.1522. The participant access code is 3898157. Investors are advised to dial in at least five minutes prior to the call to register. The webcast will be archived on the company’s website under “Webcasts and Presentations” for 30 days following the conference call. About Luna:Luna Innovations Incorporated (www.lunainc.com) is a leader in optical technology, providing unique capabilities in high-performance fiber optic-based test products for the telecommunications industry and distributed fiber optic-based sensing for the aerospace and automotive industries. Luna is organized into two business segments, which work closely together to turn ideas into products: Lightwave and Luna Labs. Luna’s business model is designed to accelerate the process of bringing new and innovative technologies to market. ### Investor Contacts:Allison WoodyPhone: 540.769.8465Email: IR@lunainc.com CONTACT: Allison Woody Phone: 540.769.8465 Email: IR@lunainc.com
Hernando County School Board members have given the thumbs down to a legislative proposal that would return the district superintendent’s job to an elected post. Saying the school system should be run by a professional executive, and not a politician, the board on Tuesday unanimously adopted a resolution opposing the local bill advocated by state Rep. Blaise Ingoglia and supported by the ...