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Former Tesla Executive On Course To Make Electric Cars Cheaper
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What Happened: JB Straubel, Tesla Inc.’s (NASDAQ: TSLA) former Chief Technology Officer, has found a way to make electric cars cheaper by extracting batteries from old iPhones and other personal electronic items,
New Chinese Tech Regulations Complicates The TikTok Deal
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What Happened: Chinese authorities have imposed new regulations on technology exports which could complicate matters for the TikTok deal, WSJ reported on Saturday.
AT&T Eyeing Sale Of Half Its DirecTV Stake: Report
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AT&T (NYSE: T), has hired Goldman Sachs Group Inc. (NYSE: GS) to see through the process of offloading its stake in DirecTV, according to a
BlackRock Forays Into Mutual-Fund Business In China: WSJ
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What Happened: BlackRock Inc. (NYSE: BLK), the New York-based asset management firm gets the nod from the regulators to initiate its mutual-fund business operations in China, WSJ reported.
FDA Issues Emergency Use Of Convalescent Plasma For COVID–19 Treatment
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The U.S.
Tesla The 13th Most Valuable Stock On US Exchanges, Leading Auto Competitors
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Tesla Inc.’s (NASDAQ: TSLA) market cap now stands at $382.04 billion, making it the 13th most valuable company trading on American exchanges.
Salmonella Outbreak: Peaches Recalled Nationwide Due To Risk Of Possible Contamination
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What Happened: The U.S.
Jack Ma's Ant Group To Be Listed In Hong Kong And Shanghai, Targets Valuation Of $225 Billion: Report
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What happened: Jack Ma’s Ant Group Ant Group intends to file for dual listings in Hong Kong and Shanghai targeting a valuation of about $225 billion, a Bloomberg report said.
TikTok Preparing Legal Challenge To Trump Order: Report
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TikTok is preparing to challenge an executive order from U.S.
NHC Issues Storm Warning On US Gulf Coast As Oil Majors Begin Evacuation Procedures
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National Hurricane Center (NHC) issued storm warnings for Tropical Storm Marco and Laura which is expected to make landfalls on the U.S. Gulf Coast.
FDA Approves Yale's 'SalivaDirect' COVID-19 Test To Increase Testing Capacity
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The U.S. Food and Drug Administration (FDA) on Saturday authorized the emergency use of a saliva-based COVID-19 test, which could increase the testing capacity.
ByteDance Gets 90 Days To Divest It's U.S. Stake In TikTok
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What Happened: President Trump on Friday gave a 90-day ultimatum to ByteDance to divest the U.S. operations of its video-sharing app, TikTok.
UPS and FedEx Say They Don't Have Legal Status To Deliver Postal Ballots
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What happened: United Parcel Service (NYSE: UPS) and FedEx (NYSE: FDX) shot down social media calls stating they are unable to step in for the delivery of mail-in-ballots as they are not legally authorized to postmark the bal
Amazon Could Use JCPenney, Sears Stores As Fulfillment Centers: Report
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What Happened: Amazon.com Inc (NASDAQ: AMZN) is in talks with Simon Property Group Inc. (NYSE: SPG), the biggest mall owners in America, to convert some of its anchor-department store spaces into Amazon fulfilment centers,
Biden Accidentally Reveals GM's Future Corvette Plans
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What Happened: Joe Biden may have accidentally disclosed the future plans for General Motor Inc.’s (NYSE: GM) Corvette in his campaign ad.
Berkshire Hathaway's Profit Up by 87% Amidst Business Slowdown
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Berkshire Hathaway Inc. (NYSE: BRK.A) released its Q2 earnings on Saturday morning and its profit margins were up by 87% from last year. It is a great turnaround for the company which reported a huge first-quarter loss.
Huawei Reportedly Set To Halt Manufacturing Of Kirin Chipsets
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Huawei will stop making its Kirin Chipsets beginning next month, according to the Chinese financial magazine Caixin.
NASA SpaceX Crew Return Safely: Capsule Splashes Down
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The SpaceX Dragon Capsule carrying astronauts Doug Hurley and Bob Behnken came splashing down in the Gulf of Mexico near Florida’s Gulf Coast. This is a notable safe return of two American astronauts who were returning from the International Space Station as a part of the first commercial crewed mission.
Lowe-LISC Partnership To Provide Relief Grants Up To $20,000
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Small businesses who are facing financial pressures due to COVID-19 across the United States can now apply for relief grants from Lowe’s Companies Inc. (NYSE: LOW).
Uncertainty Surrounds Microsoft's Potential TikTok Acquisition
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Conflicting reports are coming in about TikTok selling its U.S. stake to Microsoft Corporation (NASDAQ: MSFT) to avoid a possible ban.
