Apex.AI Gains Minority Investment From Daimler Truck
Software developer Apex .AI announced Daimler Truck made a minority investment in the company.
May 5, 2022Wall Street, Tech Investors Back Musk Twitter Bid With $7 Billion
Elon Musk has strengthened the equity stake of his $44 billion offer to buy Twitter with commitments of more than $7 billion from a diverse group of investors, including Silicon Valley heavy hitters such as Oracle co-founder Larry Ellison.
May 5, 2022Nikola Reports Surprise Q1 Revenue
Electric truck startup Nikola said in its first-quarter earnings report on May 5 that it delivered its first semi-trucks to customers in April.
May 5, 2022Biden Administration Lays Out Plans to Refill Oil Reserve
The Biden administration announced a plan May 5 to begin purchasing oil to refill the nation’s emergency reserve.
May 5, 2022Trillium, Cummins Collaborate on Customer Assistance
The Love’s Family of Companies and Cummins Inc. announced they agreed to work together to help customers integrate alternative fuel and zero-emission technologies into their operations.
May 5, 2022Aurora Innovation Focuses on Real-Time Data
Autonomous driving technology company Aurora Innovation Inc. announced it is developing a system, Aurora Beacon, intended to allow customers to optimize autonomous vehicles for “24/7/365 operation.”
May 5, 2022Shell Reports Record Q1 Earnings as Oil Prices Soar
LONDON — Energy giant Shell reported record first-quarter earnings after a surge in oil prices, fueling calls for the British government to impose a tax on energy companies’ windfall earnings to help consumers struggling with the soaring cost of living.
May 5, 2022Stellantis Posts Higher Q1 Revenue Despite Russia Plant Closure
MILAN — Carmaker Stellantis on May 5 reported higher first-quarter revenues despite lower deliveries, with no significant impact from the closure of its Russian plant due to sanctions.
May 5, 2022GXO Reports Higher Earnings, Revenue for Q1
GXO Logistics Inc. recorded higher net income and revenue in the first quarter, the company reported May 4.
May 5, 2022New Mexico Pursues Opportunity for Rerouted Rail Line
SANTA FE, N.M. — New Mexico is highlighting its support for proposals that would route an international rail line through its Santa Teresa port of entry, capitalizing on Mexico’s unease with disruptions along the Texas portion of the U.S. border with Mexico.
May 5, 2022