GM

Autos

GM Makes Cuts to Software Division

Photo by JHVEPhoto via iStock

GM is cutting over 1,000 workers, equivalent to roughly 1.3% of its total workforce, from its software and services division.

1 min read

Photo by Michael Vi via iStock

Autos

GM Pulls the Plug on Driverless, Brake Pedal-less, Steering Wheel-less Robotaxi

General Motors shares tumbled after the company said its driverless taxi division, Cruise, will suspend production of the Origin robotaxi.

1 min read

Photo by News Øresund – Kristoffer Dahl via CC BY 3.0

Healthcare

AI Wants to be the Future of Drug Discovery

Novo Nordisk on Wednesday announced an expanded deal with healthtech firm Valo Health to use AI to fuel drug discovery.

2 min read
Photo by WORKSITE Ltd. via Unsplash

Energy

Oil Prices Trapped Between Falling US Crude Inventories and Rising Gasoline Stockpiles

A spill of new data Wednesday sent oil futures slipping and sliding in opposite directions. So is Big Oil’s tank is half-full or half-empty?

2 min read
Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

Markets

Yield on 10-Year Treasury Note Touches 18-Year High as Inflation Indicators Mount

On Tuesday, the overall yield on the US 10-Year Treasury Bond touched its highest intraday point, 4.699%, since last spring.

2 min read

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