Stellantis to build 2nd U.S. battery plant in venture with Samsung
The new plant is expected to open in early 2027, joining a joint-venture facility in Kokomo that’s already under construction and scheduled to start production in early 2025.
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UPDATE: Musk reveals new X logo to replace Twitter’s blue bird
The X started appearing at the top of the desktop version of Twitter on Monday, but the bird was still dominant across the smartphone app.
‘Barbie’ takes box office crown, while ‘Oppenheimer’ soars in historic weekend
“Barbenheimer” didn’t just work—it spun box office gold. The social media-fueled fusion of “Barbie” and “Oppenheimer” brought moviegoers back to the theaters in record numbers this weekend, vastly outperforming projections.
Amazon, Google, Meta, Microsoft, others agree to AI safeguards
The White House said Friday that it has secured voluntary commitments from seven U.S. companies meant to ensure their AI products are safe before they release them.
Stock market gains help pave way for IPO resurgence
The rebound in IPOs is being fueled by a stock market rally that has the S&P 500 up about 19% so far this year, a sharp reversal from last year’s 19.4% loss.
Tornado damage to Pfizer plant likely to cause long-term drug shortages
The fallout from a Pfizer factory being damaged by a tornado could put even more pressure on already-strained drug supplies at U.S. hospitals, experts say.
Paychecks could clear faster now that FedNow service for banks has launched
The Federal Reserve launched a new instant payment service Thursday. FedNow allows banks and credit unions to sign up to send real-time payments so they can offer customers a quicker way to send money between banks.
Awash in pink, everyone wants piece of ‘Barbie’ movie marketing mania
Ahead of Friday’s U.S. release of the “Barbie” movie, parent company Mattel has created a product marketing blitz with more than 100 brands plastering pink everywhere.
Senators propose federal oversight of NIL compensation, athlete health care
The College Athletes Protection & Compensation Act is only a discussion draft at this point, but notable in that both Democrats and Republicans are involved in trying to address issues that have disrupted college sports and the role of the Indianapolis-based NCAA.
Netflix subscriber growth surges in sign that password crackdown is paying off
Netflix enjoyed its biggest springtime spurt in subscribers since the early days of the pandemic three years ago, but its stock price fell 8% Wednesday over concern about the ongoing strikes by both the writers and actors union.
IndyCar introduces stronger retaining nut to keep wheels attached during wrecks
Following a near miss between an errant wheel and grandstand fans at the Indy 500 in May, chassis manufacturer Dallara has designed a retaining nut that is more than 60% stronger than the previous design.
White House taking on corporate mergers, landlord junk fees and food prices
The Biden administration on Wednesday proposed new guidelines for corporate mergers, took steps to disclose the junk fees charged by landlords and launched a crackdown on price-gouging in the food industry.
Facebook parent Meta makes public its ChatGPT rival Llama
Meta CEO Mark Zuckerberg said the company is partnering with Microsoft to introduce the next generation of its AI large language model and making the technology, known as Llama 2, free for research and commercial use.
Northwestern joins long list of American universities with scandal in athletics
A former Wildcats football player filed the first lawsuit against former coach Pat Fitzgerald and members of the school’s leadership on Tuesday. More lawsuits, filed by multiple law firms, are expected to follow.
NCAA plans 2nd women’s postseason tourney for teams not in main event
The tournament will operate like the men’s National Invitational Tournament as an option for 32 teams that do not make the women’s side of March Madness.
Biden administration announces cybersecurity labeling program for smart devices
Officials likened the new U.S. Cyber Trust Mark initiative to the Energy Star program, which rates appliances’ energy efficiency.
Lightning electric pickup to cost less than $50K as Ford slashes prices
The sticker price on Ford’s F-150 Lightning electric pickup is being lowered by thousands of dollars, the company said Monday, due to increased plant capacity, falling costs for battery raw materials and internal efforts to scale production by the Detroit automaker.
Air quality warnings return as Canada deploys troops for wildfires
Parts of the U.S. Northeast, Midwest and South, as well as the Great Plains, were forecast to reach air quality levels Monday that are unhealthy for vulnerable people, including Indianapolis.
New research shows Lilly drug slows decline in Alzheimer’s patients
If U.S. regulators approve, the drug would be only the second Alzheimer’s treatment convincingly shown to delay the mind-robbing disease—after rival Leqembi. Both drugs pose a serious safety concern—brain swelling and bleeding.
Russia halts wartime deal allowing Ukraine to ship grain in blow to global food security
The Kremlin says Russia will suspend the Black Sea Grain Initiative until its demands to get its own food and fertilizer to the world are met.