Lucid built over 2,000 Air luxury sedans in the second quarter, but delivered just 1,404, adding to ongoing concerns about demand for the high-priced EV.
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Chipotle tests robot that can prepare avocados to make guacamole faster
The Autocado created by Chipotle and Vebu Labs could cut the prep time for the burrito chain’s guacamole in half.
Continue readingIllumina hit with record $476 million fine for closing Grail deal without EU approval
The European Commission last year blocked Illumina’s $7.1 billion acquisition of Grail over concerns it would stifle innovation and consumer choice.
Continue readingAuto industry braces for contentious contract talks as UAW formally kicks off bargaining
UAW president has vowed to be aggressive in bargaining with General Motors, Ford Motor and Stellantis for new worker contracts.
Continue readingBuy Buy Baby stores set to shutter as Go Global’s deal to save chain falls apart at eleventh hour
Brand management firm Go Global was eager to save Bed Bath & Beyond’s crown jewel Buy Buy Baby, but it couldn’t reach an agreement on […]
Continue readingEU expands Wegovy, Ozempic probe over suicide risks to include other weight loss, diabetes drugs
The European Medicines Agency didn’t specify which additional GLP-1 drugs are now being investigated, but it could potentially include Eli Lilly’s Mounjaro.
Continue readingJeff Bezos’ Blue Origin rocket engine explodes during testing
It’s a destructive setback with potential ramifications for the company’s customer United Launch Alliance and Blue Origin’s own rocket New Glenn.
Continue readingFew patients continue weight loss drugs like Wegovy after a year — but health costs soar for all
The analysis from Prime Therapeutics highlights the hefty price tag of Wegovy and other weight loss and diabetes medicines, which are also known as GLP-1s.
Continue readingBoeing delivers 60 airplanes in June, racks up hundreds of new orders with Air India deal
Boeing is trying to ramp up production on some of its best-selling planes.
Continue readingGM positions new Chevy Trax, Buick Envista crossovers to fill an affordability gap
GM’s new 2024 Buick Envista and redesigned 2024 Chevrolet Trax crossovers start at $23,495 and $20,400, respectively.
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