Tesla’s Elon Musk now wants to show the trucking industry—a risk-averse and thin-margin business with little patience for Silicon-Valley hype—will embrace a battery-powered vehicle.
China is set to resume cruises soon, as its economy revives and the pandemic remains largely under control. The catch is the international cruise lines that spent the past decade building the market from scratch aren’t invited to the party.
United Airlines began operating charter flights to position doses of Pfizer’s Covid-19 vaccine for quick distribution if the shots are approved by regulators.
The pandemic has reshaped the holiday shopping season, with fewer people hitting stores on Black Friday and many retail chains holding the line on discounts because they are sitting on lean inventories.
GM’s lending arm is drawing up plans to apply for a banking charter, a move that would allow it to accept deposits and expand its auto-finance business.
The company is committing $500 million toward holiday bonuses for front-line employees, including $300 for anyone who works full-time for all of December.
When the coronavirus sent millions of professionals working remotely, other companies seized the spotlight, making Slack a potential acquisition target.
A lawsuit by popular users looked like a grass-roots effort, but the legal action was orchestrated behind the scenes by TikTok and parent company ByteDance, according to people familiar with the effort.