News Highlights: Top Company News of the Day
Elon Musk Comes Out Against Federal Electric-Vehicle Spending
Elon Musk took aim at a signature Biden administration
legislative proposal and said China is adjusting to its growing
position as a dominant world power in an interview with The Wall
Intel to List Shares in Mobileye Unit
The listing could value the self-driving-car unit at more than
$50 billion. It is the latest move by CEO Pat Gelsinger to revive
the semiconductor giant's fortunes.
SEC Opens Probe Into Tesla Involving Solar-Cell Activity
A former employee alleges that the company hid fire risks from
public and shareholders.
Saudi Aramco Sells Stake in Natural-Gas Pipeline Business
The move is the state-owned oil giant's latest effort to pull
cash out of its vast energy infrastructure.
Trump, Lucid SPAC Deals Being Investigated by SEC
The Securities and Exchange Commission is probing two of the
most notable SPAC deals struck this year, including the former
president's, a sign that regulators are ratcheting up scrutiny of
Budweiser Tries to Make Beer Stocks Fashionable Again
At his first strategy day, Anheuser Busch InBev's new Chief
Executive Michel Doukeris looked to lure shareholders back from the
VW CEO Likely to Survive Latest Clash With Labor
Herbert Diess could be stripped of some duties as tensions mount
over shift to electric vehicles.
MTIP, a Swiss Healthtech Investor, Raises $250 Million for Its Second Fund
The firm's new fund is much larger than its debut vehicle, a $65
million "proof of concept" pool raised in 2016.
Toyota to Build Electric-Vehicle Battery Plant in North Carolina
The auto maker is planning a $1.25 billion investment in rural
Randolph County that would create 1,750 jobs.
NYSE President Stacey Cunningham to Step Down
Lynn Martin, an executive at NYSE parent Intercontinental
Exchange, has been appointed the next president of the exchange,
succeeding Stacey Cunningham, who will step down at the end of the
(END) Dow Jones Newswires
December 06, 2021 23:15 ET (04:15 GMT)
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