Steve Burns, the ousted founder, chairman and CEO of bankrupt EV startup Lordstown Motors, has settled with the U.S. Securities and Exchange Commission over misleading investors about demand for the company’s flagship all-electric Endurance pickup truck. Burns was ordered to pay a civil fine of $175,000 and cannot serve as an officer or director of…
President Joe Biden mocked Donald Trump’s financial struggles during a reception at a campaign event in Dallas on Wednesday.“Just the other day a defeated-looking man came up to me and said, ‘Mr. President, I have crushing debt, and I’m completely wiped out,’” Biden said. “And I had to look at him and say, ‘Donald, I’m…
Crafting the perfect venture capital pitch is so simple that there’s an industry of consultants to help founders get their decks in order. TechCrunch has a long-running series of Pitch Deck Teardowns to help founders, and you can find an infinite number of Twitter threads on the subject. Easy, right? If only it were so.…
Exactly how much Microsoft is paying all the investors of Inflection AI as part its oddly structured deal to abscond with the co-founders, much of the staff and the rights to use the tech hasn’t been publicly revealed. And Microsoft declined comment when asked. But unnamed sources tell The Information that it’s plunking out approximately…
We’ve had this for two years and it’s still running great and holding a charge…
Dynamic pricing is actually far more common than most think and is used every day by household brands like Alaska Airlines, Amazon, Google, and Ticketmaster…
The U.S. Department of Justice sued Apple Thursday over monopolistic practices. The complaint accuses Apple of moulding its privacy and security practices in ways that benefits the company financially. One quote particularly jumps out where the DOJ calls Apple’s privacy and security justification an “elastic shield”: “Apple deploys privacy and security justifications as an elastic…
WhatsApp announced Thursday that users can now pin up to three messages in a chat to access them easily. Until now, users could pin only one message on top of a conversation with a contact or a group. Both Meta CEO Mark Zuckerberg and WhatsApp head Will Cathcart announced this feature on their respective WhatsApp…
Share to FacebookShare to TwitterShare to LinkedinInnovationRx is your weekly digest of healthcare news. To get it in your inbox, subscribe here. Google’s chief health officer Karen DeSalvo at the company’s annual Check Up event. katie jennings Google’s chief health officer Karen DeSalvo described an “inflection point in AI, where we can see its potential…
© Reuters. FILE PHOTO: The logo of Mexico’s Central Bank (Banco de Mexico) is seen at its building in downtown Mexico City, Mexico August 9, 2022. REUTERS/Henry Romero/File Photo By Valentine Hilaire and Anthony Esposito MEXICO CITY (Reuters) -The Bank of Mexico, as expected, cut its benchmark interest rate by 25 basis points to 11.00%…
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