TikTok asked a US judge to block a Trump administration executive order that would require Apple and Google to remove the video-sharing app for new downloads starting on Sunday. There is a more comprehensive ban planned for November.
Tesla stock’s nosedived 6% as CEO Elon Musk said that some of the innovations showcased at the Battery Day Event were close to working while some were three years away from fruition. Musk said that Tesla has set up a pilot battery plant in Fremont, Calif., to sort the challenges, but a lot of work still needs to be done to achieve the goal which disappointed the markets.
As per Echelon the Prime Bike was developed in association with Amazon and offers Prime members a 30-day free trial for Echelon’s linked fitness app. However the announcement has now been deleted, with some media outlets calling it a ’Peloton knockoff.’ Hours after the announcement, Amazon updated Echelons product page by listing the bike as ’currently unavailable’ and erased info on tie up.
NBA icon Michael Jordan and three-time Daytona 500 winner Denny Hamlin have formed a single-car NASCAR Cup Series team, with Bubba Wallace as the driver. This will see Wallace as NASCAR’s only black full-time driver and Jordan the second black team owner at its top level. Earlier, Wallace successfully campaigned to get the Confederate flag banned from NASCAR races.
Tesla Inc. is set to showcase its battery potential on Tuesday, at an event the company has christened Battery Day. The event will be followed by Tesla’s annual shareholder meeting, at which shareholders are expected to re-elect the existing Tesla board. Battery Day is frequently cited as the ’next catalyst’ for Tesla’s stock.
US household wealth touched a record high last quarter as the stock market quickly recovered from a pandemic-induced plunge in March. The Federal Reserve said households’ net worth jumped nearly 7% in the April-June quarter to $119 trillion. However, the gains mainly went to the affluent households. This comes at a time when millions of Americans have lost their jobs or saw their incomes shrink.
Microsoft has agreed to acquire video game giant Bethesda for a whopping $7.5 billion, securing the rights to huge franchises like Elder Scrolls, Fallout, Dishonored, and Doom. The acquisition of ZeniMax Media, the parent company of Bethesda, includes all studios that operate under the publisher, including id Software and Arkane Studios.