Business

Rivian’s R2 EV bets could turn it into a household name like Tesla

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🚀 Read this insightful post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Rivian CEO and founder RJ Scaringe (right) talks with longtime employee and engineer Max Koff during a June 2, 2026 launch event for the company's R2 SUV in Park City, Utah.Michael Wayland/CNBCPark City, Utah - Rivian CEO RJ Scaringe is animated as he makes his way through the displays of the electric car maker's new R2 SUV.The company's founder is moving quickly from the electric vehicle's suspension and software systems to various models of the R2 that will soon begin reaching American consumers, including a…

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Novo Nordisk, Eli Lilly roll out obesity pills, prepare to cover Medicare

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🔥 Explore this awesome post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Novo Nordisk and Eli Lilly They took their GLP-1 pill battle to a prominent obesity meeting this weekend as they prepare for the next big change in how patients receive their medications.Novo Nordisk announced Sunday that prescriptions for the Wegovy pill have exceeded 3 million since it entered the U.S. market about five months ago. Mike Doostdar, CEO of the Danish pharmaceutical company, celebrated the milestone, saying in an interview with CNBC that Novo was able to speed up prescriptions even when Lilly introduced its…

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General Motors is looking to a new battery type to grow its data center and energy storage business

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✨ Explore this trending post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: GM's Energy Demonstration is on display at the New York International Auto Show on April 16, 2025.Danielle Defries | CNBCGM It is expanding its efforts to capitalize on expected growth in energy storage and data centers by promoting different battery cell chemistries, while offering more support to electric vehicle owners to combat rising energy costs.The Detroit automaker detailed plans Tuesday to increase its grid-connecting capabilities — where a vehicle can provide power to the electric grid — for its electric vehicle customers and to develop…

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LIV Golf CEO says take PIF ‘at its word’ as funding cliff approaches

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🚀 Explore this insightful post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: LIV Golf CEO Scott O'Neill told CNBC on Tuesday that with the financing cliff looming, the organization has to have confidence that the Saudi Public Investment Fund will support the golf project through the rest of the season as promised. “I can say they have been great partners so far, and a great organization like PIF should take them at their word,” O'Neill said. “They were very public about our funding during the season, so we are going full steam ahead.” The PIF is scheduled…

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The pandemic car shortage continues to push up the prices of new and used cars

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💥 Explore this insightful post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: The shockwaves from the Covid-19 pandemic are still hitting the US auto market and pushing prices up, even for exceptionally old cars. The epidemic dealt a severe blow to the total supply of new cars, which extended to the used market.About 8 million vehicles that were slated to be built for American buyers during those years were never made, largely because production was halted and supply shortages, said Jeremy Robb, chief economist at Cox Automotive. Automakers faced production cuts and weighted their lineups toward high-end,…

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Advertising spending for the 2026 elections is expected to reach a record level: AdImpact

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✨ Explore this awesome post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: The 2026 midterm election cycle could surpass the 2024 presidential cycle to reach record ad spending for any U.S. election, according to a new report from ad intelligence firm AdImpact. This year's races are expected to reach $11.6 billion in ad spending, making them the most expensive cycle on record and surpassing the $11.2 billion spent on ads for the 2024 election between incumbent President Donald Trump and former Vice President Kamala Harris, according to AdImpact estimates. The new forecast represents an increase of $795…

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The increase in World Cup travel for U.S. companies has not yet materialized

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🚀 Read this trending post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: The 2026 World Cup is expected to bring a wave of global soccer fans to North America. But the travel boom is shaping up to look less like one uniform boom and more like a test of pricing power from one city to another, one match to another.“Demand is real and positive, but it is not evenly distributed across host cities,” said Jay Wardle, president of travel data intelligence company Sogern. New flight booking data from Sojern shows that most host cities in the U.S.…

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Where family offices see buying opportunities in the space

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💥 Check out this awesome post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: As seen from Canaveral National Seashore, a SpaceX Falcon 9 rocket carrying 60 Starlink satellites is launched from Pad 39A at Kennedy Space Center on October 6, 2020 in Cape Canaveral, Florida. This is the 13th batch of satellites that SpaceX has put into orbit as part of a constellation designed to provide broadband internet service around the world. (Photo by Paul Hennessy/Noor Photo via Getty Images)norphoto | norphoto | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with…

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SpaceX millionaires are preparing to spend on luxury homes, watches and travel

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💥 Read this must-read post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Near the coast near Palos VerdesPost_insignem | iStock | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide for the high-net-worth investor and consumer. subscription To receive future issues, directly to your inbox.SpaceX's IPO has created thousands of new millionaires and many new billionaires. While current and former employees won't be able to sell their shares right away, some are already planning how to spend their windfall.This newfound wealth could have a ripple effect across…

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Elon Musk becomes the world’s first trillionaire as SpaceX begins trading

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🔥 Explore this trending post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Elon Musk just became the world's first trillionaire.with SpaceX SpaceX opened on the Nasdaq at $150 a share on Friday, and the CEO of SpaceX and Tesla now have a stake in SpaceX worth more than $766 billion. Along with him Tesla Musk's stake is worth $280 billion, and Musk's net worth from the two companies as of Friday was about $1.05 trillion.The SpaceX IPO added more than $180 billion to Musk's wealth. His wealth now amounts to more than the five richest billionaires in…

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