Batteries Become Do-Or-Die for Air-Taxi Startups 

The dream of electric air taxis has always depended on the reality of batteries. With money for moonshots drying up, investors may be wise to focus on today's technology rather than tomorrow's.

Highflying Cyber Firms Cut Staff After Raising Hundreds of Millions of Dollars 

Security startups hunker down and stockpile cash as they prepare for a bear market.

Amazon Strikes Partnership Deal with Grubhub That Could Include Small Equity Stake agreed to add Grubhub to its suite of Prime services in the U.S., in a deal that also gives the e-commerce giant the option to acquire a small stake, the parent of the food-ordering company said.

Crypto Broker Voyager Digital Files for Bankruptcy Protection 

The voluntary filing comes after crypto hedge fund Three Arrows Capital defaulted on a large loan from a Voyager unit.

Cosco Shipping Energy Shares Fall as Oil Demand Outlook Deteriorates 

Shares of Cosco Shipping Energy Transportation Co. fell sharply in both Hong Kong and China markets on Wednesday, following an overnight drop in crude prices and an increasingly dim outlook for energy demand.

Tiger Global's Flagship Hedge Fund Has First Gain Since October 

The hedge fund remains down 50.1% for the first half of the year, worse than losses notched by major stock-market indexes.

FDA Suspends Ban on Juul While Vaping Company Appeals 

The agency in June ordered the e-cigarette maker to pull its products off the U.S. market, saying Juul hadn't submitted sufficient evidence that they were safe.

Spirit Airlines Prevails in Battle for Newark Airport Position 

The Transportation Department says Spirit will ensure more low-cost flight options at the East Coast hub. United Airlines argued that Newark already is over capacity.

Nasdaq, NYSE Win Court Battle With SEC Over Market Data 

A three-judge panel found that the Securities and Exchange Commission had exceeded its authority under federal law when it issued a 2020 order overhauling the governance of data feeds.

Walmart Tells Suppliers New Fuel and Pickup Fees Are Coming 

The retailer says the new charges going into effect Aug. 1 are in response to higher transportation costs. Amazon made a similar move in the spring.


(END) Dow Jones Newswires

July 06, 2022 07:15 ET (11:15 GMT)

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