More than 1 in 5 cars sold on Earth this year will be electric: 17 million electric vehicles will be sold in 2024, according to the International Energy Agency
qz.com/ev-electric-car-global-sales-growth-iea-report-1851434801
Quick Glance: New Global Record: Electric and Hybrid Car Sales Surge in 2024
- Electric and plug-in hybrid car sales will reach a new global record in 2024 despite slowing growth in some markets, according to forecasts from the International Energy Agency (IEA).
- The IEA predicted that 17 million battery electric vehicles and plug-in hybrid electric vehicles will be sold in 2024, up over 20% from 2023.
- The IEA also mentioned that most electric cars are expected to be priced equivalently to petrol cars by 2030 as prices decrease. Tesla recently reduced prices to maintain its market share against strong competition from Chinese rivals like BYD, the world's largest battery electric car producer.
Anglo American rejected BHP’s ‘highly unattractive’ takeover bid and its stock jumped
qz.com/anglo-american-bhp-group-takeover-offer-rejected-stock-1851437966
Quick Glance: BHP Proposes Acquisition to Anglo American
- Anglo American receives BHP buyout proposal, reshaping the copper market.
- The proposal involves BHP acquiring Anglo shares, sparking industry transactions.
- Anglo reviews proposals after profit decline, plans demergers to reduce South Africa exposure.
- The potential deal could make BHP the world's largest copper producer with market impacts.
AbbVie's newer drugs are offsetting losses of the world's once best-selling medication
qz.com/abbvie-humira-q1-sales-1851438282
Elon Musk is once again richer than Mark Zuckerberg: Facebook parent Meta's hundred-billion-dollar market cap loss has cost Zuckerberg, while Musk's Tesla stock ...
qz.com/elon-musk-richer-than-mark-zuckerbrg-tesla-meta-earning-1851438236
Paid articlePaid
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Wall Street sees Google stock rallying to $200 because maybe Google can win AI after all
qz.com/google-stock-rally-ai-search-wall-street-analysts-1851438633
China is backing away from facial recognition technology — at least in hotels: Chinese officials have told hotels in Beijing and other cities to stop scanning ...
qz.com/china-stop-facial-recognition-technology-hotels-privacy-1851437900
Quick Glance: China Ends Facial Scans at Hotels
- Authorities in China are instructing hotels to cease conducting facial recognition scans on guests during check-in, as reported by state media.
- This directive is being implemented in various cities to reduce the use of facial scans and avoid potential issues.
- Experts caution that facial recognition may deter people from traveling and increase costs for businesses, with a risk of data misuse.
- An IT professional highlights technical challenges that China may face due to the extensive number of hotels, surveillance cameras, and databases, potentially leading to system overload.
Fast-fashion giant Shein is the latest to face EU's strictest digital regulations
qz.com/shein-to-face-stricter-eu-regulations-meta-tik-tok-amaz-1851439129
Paid articlePaid A Tesla executive sold $181.5 million worth of stock shortly after quitting: Andrew Baglino sold 1.14 million of his shares in Elon Musk's EV maker
qz.com/tesla-stock-sale-andrew-baglino-elon-musk-1851439357
What's next for TikTok after Biden signed the ban bill: The TikTok ban is now the law of the land. Here are 3 things that could happen next
qz.com/tiktok-ban-bill-law-biden-bytedance-next-1851437976
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
Tesla's recall of 2 million EVs over Autopilot is being probed by the feds: Regulators have identified at least 13 serious crashes where Tesla's Autopilot was ...
qz.com/tesla-ev-recall-autopilot-full-self-driving-elon-musk-1851437653
Quick Glance: Investigation of Tesla's Autopilot Recall Effectiveness
- The National Highway Traffic Safety Administration is investigating Tesla's Autopilot recall after 20 more crashes occurred post-recall.
- The recall involved over 2 million vehicles and utilized an online software update to enhance driver warnings.
- Concerns were raised regarding the recall's efficacy as crashes persisted after the fix.
- The investigation aims to determine why post-recall issues were not addressed and whether they pose a safety risk.
Nasdaq and the S&P had their best weeks since November as Google joins the $2 trillion club
qz.com/dow-jones-nasdaq-alphabet-google-stock-market-cap-ai-1851439404
NASA had to put the Hubble Telescope into 'safe mode' because of a glitch: The orbiting observatory was recently shut down because one of its instruments started ...
qz.com/nasa-hubble-space-telescope-safe-mode-glitch-1851439616
Snap stock popped 30% after a sunny first-quarter earnings report: Wall Street analysts raised their price outlook for the social media platform to as high as ...
qz.com/snap-stock-popped-30-after-a-sunny-first-quarter-earni-1851439194
A crypto company is suing the SEC for overreach in regulating Ether: Consensys, the company behind the crypto wallet MetaMask, has filed a lawsuit alleging the ...
qz.com/consensys-sues-sec-over-ether-regulation-1851438612
Hertz is ditching even more electric cars: The rental car company has been selling off EVs in droves after saying it would order 100,000 Teslas in 2021
qz.com/hertz-ev-sales-tesla-rental-cars-1851438100
Sam Altman's Worldcoin crypto is running out of 'orbs.' But what are orbs?: High demand has forced Worldcoin to increase production of its iris-scanning devices
qz.com/worldcoin-cryptocurrency-orbs-shortage-sam-altman-1851438149
Apple and Google pulled several AI apps that advertised deepfake nudes: A report from 404 Media this week found that so-called 'undress' apps were advertising on ...
qz.com/apple-and-google-pulled-several-ai-apps-that-advertised-1851439298
Microsoft stock jumps as AI and the cloud power earnings: The software giant said its Copilot AI and cloud services were key drivers of its quarterly earnings
qz.com/microsoft-q3-strong-earnings-ai-cloud-computing-1851436866
The IRS’ challenge to TurboTax and H&R Block is working: More than 140,000 Americans took advantage of the agency's free tax-filing pilot
qz.com/irs-direct-file-taxes-turbotax-hr-block-1851439322
Trump Media stock's many ups and downs in just 1 month: A look at Trump Media stock's highest highs, lowest lows, and everything in between during its first ...
qz.com/trump-media-djt-stock-market-cap-highs-lows-nasdaq-1851438153
The owner of the ship that struck Baltimore's Key Bridge is being sued — again: “This catastrophe was wholly preventable," the owners of Baltimore's American ...
qz.com/francis-scott-key-bridge-collapse-baltimore-lawsuit-1851438557
There's a mysterious ecosystem underneath the driest desert on Earth: Beneath the parched sands of Atacama is a massive, diverse group of bacteria and a ...
qz.com/chile-atacama-desert-microbial-diversity-mars-1851439628
EV mandates will 'kill' the car industry, Stellantis CEO says: Carlos Tavares said the problem with zero-emissions mandates is their "magnitude and positioning"
qz.com/stellantis-ceo-ev-mandates-auto-industry-1851439609
Southwest Airlines may drop its open seating policy: Southwest CEO Bob Jordan said the airline is reexamining its seating and cabin arrangements
qz.com/southwest-airlines-ceo-open-seating-policy-1851436130
Paid articlePaidQuick Glance: Is Southwest Ending Free Seating?
- Southwest Airlines is seriously considering seating allocation and passenger boarding to enhance its financial performance.
- Unlike most other airlines, Southwest does not have a premium section with higher fares.
- The airline is closely examining customer preferences regarding seating and boarding processes.
- Experts believe that Southwest could potentially earn a significant amount of money by introducing assigned seating.
OpenAI's Sam Altman, Nvidia's Jensen Huang, and other tech leaders are joining a new federal AI safety board
qz.com/sam-altman-jensen-huang-ai-government-safety-board-1851437593
Paid articlePaid Unilever sales are rising because beauty shopping is back: The consumer goods company said sales are being driven by Dove, Tatcha, and Vaseline products
qz.com/unilever-q1-earnings-sales-beauty-dove-vaseline-1851438112
Meta's AI annoys, Microsoft and Amazon under scrutiny, banks go all-in: AI news roundup
qz.com/ai-news-meta-microsoft-amazon-nvidia-banks-sam-altman-1851436206
They cut a giant cruise ship in half to make it even bigger and it's amazing to watch
qz.com/giant-silverseas-cruise-ship-cut-half-bigger-video-1851439601
Struggling EV startup Fisker says 4 companies are in talks to buy it: Nissan was reportedly in negotiations to give Fisker $400 million, but that apparently fell ...
qz.com/fisker-ev-startup-buyout-1851439590
AI just powered Google to a $2 trillion market cap: Google parent Alphabet stock is up more than 23% so far this year, and more than 59% over the last 12 months
qz.com/google-alphabet-stock-market-cap-ai-earnings-1851439308
Starbucks and its workers union have made ‘significant progress’ in contract bargaining
qz.com/starbucks-workers-union-contract-bargaining-talks-1851439125
Net neutrality has been restored, as the FCC brings back Obama-era rules repealed under Trump
qz.com/net-neutrality-fcc-internet-rules-obama-trump-biden-1851437263
Paid articlePaidQuick Glance: FCC Votes to Restore Net Neutrality Rules
- The FCC voted 3-2 along political party lines to reinstate rules from 2017 to prevent internet service providers from disrupting your internet speed.
- Restoring net neutrality has been a focus for President Joe Biden and was approved by a majority of the FCC.
- Net neutrality protects consumers from ISP control, promotes fair rules, and safeguards against online fraud and scams.
- The discussion on net neutrality also raises questions about service pricing and highlights the importance for internet infrastructure.
Bird flu traces have been found in cows' milk. Should we be worried?: One person in the United States has tested positive for H5N1 this year so far
qz.com/h5n1-cattle-outbreak-1851439069
A Chinese space station got hit by debris and astronauts scrambled to make emergency repairs
qz.com/china-space-station-tiangong-debris-impact-repairs-1851438093
Saudi Arabia is building a megacity in the desert. It's not going well: The hugely ambitious sci-fi-tinged dreams that animated the project seem to be dying and ...
qz.com/saudi-arabia-neom-desert-megacity-construction-1851438064
Merck and Bristol-Myers Squibb are bracing to lose their most lucrative patents: New quarterly earnings reports offer insight into how the companies are ...
qz.com/merck-bristol-myers-patents-expire-1851436186
Quick Glance: Merck boosts 2024 profit outlook due to Keytruda sales
- Merck & Co. raises annual profit and revenue forecasts based on double-digit growth for the blockbuster cancer drug Keytruda.
- Sales for 2024 are estimated to be between $63.1 billion and $64.3 billion, an increase from the previous forecast.
- Keytruda recorded $6.95 billion in sales in the first quarter, a 20% increase from the previous year.
- Merck also saw strong growth with its vaccine Gardasil, the drug Vaxneuvance, and a successful acquisition of Harpoon Therapeutics in the first quarter of 2024.
Ozempic threatens booze and cigs, an AI glossary, tech troubles, produce pesticides: The week's most popular
qz.com/ozempic-weight-loss-drugs-ai-terms-glossary-tech-stocks-1851437295
Sam Altman, Jensen Huang, and the 20 other leaders on the new AI safety board: The AI board will advise the Department of Homeland Security on safely and ...
qz.com/sam-altman-jensen-huang-ai-safety-board-biden-security-1851438417
The Property Brothers say 7% interest rates mean 'a lot of crying': Drew and Jonathan Scott of HGTV say high interest rates are "forcing people to try and find ...
qz.com/property-brothers-drew-jonathan-scott-interest-rates-1851438830
7 AirPods tips you need to get started: Here's everything you need to know about setting up your new AirPods
qz.com/apple-airpods-tips-tricks-setup-1851437760
The 10 best images of Jupiter and its moons from NASA's Juno probe: Since 2016, the NASA mission has captured some awe-inspiring views of alien worlds and ...
qz.com/jupiter-moons-io-europa-images-nasa-juno-1851437732
Boeing now has a ‘negative’ outlook from both Moody’s and S&P Global: S&P sees greater uncertainty regarding Boeing's ability to achieve its estimates ...
qz.com/boeing-credit-ratings-outlook-negative-moodys-sp-1851435363
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
- Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.
- The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.
- Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.
- Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
Honda and Toyota are investing billions to build more EVs in North America: The Japanese automakers aim to capitalize on interest in cleaner cars
qz.com/toyota-honda-evs-manufacturing-us-canada-north-america-1851435651
Quick Glance: Honda to Establish $11 Bln EV, Battery Plants in Canada
- Honda plans to invest C$15 billion in new EV and battery production plants in Ontario alongside existing facilities to support the growth of North American demand for EVs.
- Production is set to start by 2028, with an annual capacity of up to 240,000 EVs and 36 gigawatt-hours for batteries to achieve the goal of having all North American sales from Honda be either EVs or fuel cell vehicles by 2040.
- The Canadian government and Ontario province intend to support Honda with around C$5 billion, with Honda contributing 60%-70% of the total investment to reduce costs by more than 20%.
- Honda will also collaborate with companies like Asahi Kasei and POSCO to further lower production costs and strengthen the EV supply chain in Canada, leading to an increase in jobs and economic growth.
Chipotle tells employees not to eat chicken on the job: The fast food chain told employees to choose another protein option for their meals to preserve supply
qz.com/chipotle-earnings-stock-chicken-supply-consumer-demand-1851435334
Paid articlePaidQuick Glance: Chipotle lifts annual sales forecast despite uncertainties
- Chipotle raised its full-year sales forecast due to resilient demand for burritos and rice bowls despite higher menu prices.
- The company anticipates mid-to-high-single digit percentage growth in comparable restaurant sales for 2024.
- Chipotle implemented price hikes to protect its profit margin from increased ingredient costs like beef and avocados.
- Chipotle's adjusted profit in the first quarter came in at $13.37 per share, surpassing estimates of $11.68.
Matthew McConaughey is still Salesforce's AI cowboy: The cloud software giant continues to flaunt its partnership with the actor even after criticism from ...
qz.com/salesforce-matthew-mcconaughey-marc-benioff-1851436947
Japan’s Moon lander survived a rough landing: After landing nose-first on the Moon’s surface, Japan’s SLIM probe is still alive and broadcasting.
qz.com/japan-moon-lander-slim-1851438124
He was an anti-union Volkswagen worker. The Hollywood strikes changed his mind: You heard it here first, folks. This kid is going places.
qz.com/vw-volkswagen-union-worker-uaw-hollywood-strikes-1851438024
Paid articlePaid A little-known bill payment company scammed consumers out of millions, feds say: Consumers have had their gas, water, and electricity cut off because of Doxo's ...
qz.com/doxo-bill-payment-provider-ftc-regulator-scam-1851436038
Los Angeles is spending millions on AI cameras that will issue parking tickets: The cameras will be installed on a handful of buses throughout the area
qz.com/los-angeles-ai-cameras-parking-tickets-1851437788
Harvey Weinstein's rape conviction has been overturned by New York's highest court
qz.com/harvey-weinstein-new-york-court-overturned-conviction-1851434903
Quick Glance: Harvey Weinstein’s 2020 Rape Conviction Overturned
- New York's highest court overturned Harvey Weinstein's 2020 rape conviction, disappointing those who celebrated historic gains during the #MeToo era.
- The ruling was based on legal technicalities and did not exonerate Weinstein's behavior, according to #MeToo advocates.
- Weinstein, convicted in Los Angeles for another rape, will face retrial in New York, despite remaining in prison.
- The court criticized the admission of uncharged sexual acts as evidence, deeming it an abuse of judicial discretion.
Jefferies' CEO sold millions in stock to buy himself a yacht: Rich Handler said the purchase was gift for himself and his family
qz.com/jefferies-ceo-rich-handler-stock-sale-yacht-purchase-1851435140
Paid articlePaid Ozempic hits booze sales, Moderna likes AI, and Biogen's blockbuster drug: Pharma news roundup
qz.com/ozempic-wegovy-weight-loss-drug-prices-moderna-biogen-1851436487
Businesses are betting on amenities to boost their return-to-office push: Companies are moving from older office spaces into new, "highly amenitized" buildings ...
qz.com/office-space-amenities-rto-push-companies-1851435711
Coca-Cola is betting AI can help it compete against Pepsi and Red Bull: Coca-Cola is working with Microsoft to “reimagine” its marketing and manufacturing
qz.com/coca-cola-ai-pepsi-redbull-retail-competition-1851435682
Paid articlePaid Toyota bet big on hybrids and it's paying off: Hybrid cars helped the Japanese automaker to a record-breaking year in terms of deliveries and sales
qz.com/toyota-hybrid-cars-evs-earnings-sales-1851436769
Chipotle's avocado-cutting robot, Coca-Cola's AI bet, Express' bankruptcy: Retail news roundup
qz.com/express-chipotle-amazon-coca-cola-lululemon-retail-news-1851436344
Tesla's Elon Musk bets on driverless, Volkswagen bets on China, EV demand roars back: Autos news roundup
qz.com/tesla-ev-elon-musk-volkswagen-vw-honda-toyota-uaw-1851436280
Microsoft-backed Rubrik just soared 20% in its IPO: Rubrik is a data security software company backed by Microsoft
qz.com/rubrik-ipo-stock-microsoft-ai-1851435742
Moderna's CEO wants employees to use ChatGPT at least 20 times a day: Stéphane Bancel said the pharma company's partnership with OpenAI will help transform its ...
qz.com/moderna-ceo-chatgpt-employees-vaccine-openai-1851434865
A Nvidia-backed startup just unveiled AI avatars that can express human emotions: Synthesia introduced its fourth-generation "Expressive Avatars ...
qz.com/synthesia-introduces-ai-avatars-human-expression-nvidia-1851434555
The Dow drops 375 points on low economic growth, high inflation, and weak tech earnings
qz.com/dow-jones-stocks-gdp-inflation-tech-earnings-1851435533
Drug sales keep beating Wall Street's expectations and boosting some pharma stocks
qz.com/pharma-sales-q1-1851435519
7 hidden Google Maps features and how to use them: Did you know you can go back in time using Google Maps?
qz.com/google-maps-features-tips-tricks-1851434612
Salesforce says its AI chatbot won't hallucinate – well, probably: Salesforce announced the general availability of Einstein Copilot during its World Tour in New ...
qz.com/salesforce-einstein-copilot-hallucinations-1851436568
Americans 'just work harder' than Europeans, CEO of the world's largest wealth fund says
qz.com/norges-bank-nicolai-tangen-americans-europeans-work-1851434809
Animals in space: 11 sad and strange stories: We've been sending animals to space for nearly 75 years, leading to critically important science — and no shortage ...
qz.com/animals-in-space-history-1851436818
There's a new way to see inside a single cancer cell: A new imaging technique can peer inside the fatty cargo of a tumor cell
qz.com/cancer-cell-image-scientists-1851436812
Why do planes have those curved winglets?: Winglets are a multipurpose innovation that supposedly save billions of gallons of fuel and reduce turbulence
qz.com/planes-curved-winglets-origin-reason-1851436800
You can buy a flame-throwing robot dog for almost $10,000 if that's your thing: The robot dog can shoot fire in a 30-foot stream and comes with a built-in ...
qz.com/flame-throwing-robot-dog-thermonator-throwflame-price-1851434604
Bitcoin falls below $64,000 as Meta, Microsoft and Google continue to drop: Slow economic growth and weak earnings reports in the tech sector have led to a ...
qz.com/bitcoin-ether-meta-ibm-microsoft-google-alphabet-1851435315
Paid articlePaid An asteroid will make a close flyby of Earth, and scientists are excited: Apophis will swing by Earth at an eerily close distance of less than 20,000 miles (32 ...
qz.com/how-scientists-preparing-asteroid-apophis-flyby-earth-1851435882
Automakers are still killing off small cars even though they keep regretting it: Ford is realizing that betting on heavy, expensive SUVs, trucks and EVs might ...
qz.com/ford-general-motors-mercedes-small-cars-evs-hybrids-1851436786
Micron will get $6.1 billion in CHIPS Act funding for plants in New York and Idaho
qz.com/micron-chips-funding-plants-new-york-idaho-biden-china-1851423322
Quartz Obsession: The algorithm: Letters of recommendation on Apple Podcasts: Bought something you don’t need from an ad? Blame it on the algorithm ...
podcasts.apple.com/us/podcast/the-algorithm-letters-of-recommendation/id1587735076
NASA will test sunlight-powered space travel after the launch of a solar sail: The mission rode aboard Rocket Lab's Electron, reusing one of the rocket's ...
qz.com/nasa-solar-sail-launch-sunlight-powered-space-travel-1851434621
Elon Musk's SpaceX could spinoff Starlink in a big IPO this year, investment adviser says
qz.com/elon-musk-spacex-starlink-spinoff-ipo-investment-advise-1851433211
The 10 worst airlines for screwing up your bags: U.S. airlines mishandled 2.8 million bags in 2023. The worst airline for luggage accounted for almost 30% of all ...
qz.com/worst-airlines-lost-bags-luggage-american-united-delta-1851434649
A NASA Mars rover is in a great place to search for signs of life: While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is ...
qz.com/nasa-mars-rover-perseverance-fossils-life-1851434639
Let's talk about bird flu because the situation isn't looking great: FDA lab tests detected traces of H5N1 avian influenza in store-bought milk ...
qz.com/bird-flu-h5n1-avian-influenza-spread-milk-fda-tests-1851434593
AI can apparently predict a person's political stance just by reading their face: That's according to a new study authored by researchers at the Graduate School ...
qz.com/ai-political-party-face-recognition-1851433898
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