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December 14, 2019
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Reuters - Business

Argo takes different road to skirt self-driving challenges

Reuters
PITTSBURGH/DETROIT (Reuters) – Sky’s the limit optimism about self-driving cars is giving way to tougher questions about how expensive automotive artificial intelligence will ever make a profit. FILE PHOTO: An Argo Ai self driving prototype vehicle is seen outside a Ford and Volkswagen joint news conference in New York City,...
Reuters - Business

Beyond Meat vs Zhenmeat: The battle for China’s meatless market

Reuters
BEIJING/SHANGHAI (Reuters) – U.S. plant-based “meat” makers targeting China like Impossible Foods and Beyond Meat Inc (BYND.O) will need to battle homegrown rivals which are developing local favorites such as dumplings and mooncakes to nab a share of the lucrative market. A cook displays a steamed dumpling with OmniPork plant-based...
Reuters - Business

Ford bets on an electric Mustang to charge its turnaround

Reuters
DETROIT (Reuters) – The Mustang Mach E electric sport utility vehicle Ford Motor Co (F.N) unveiled in Los Angeles on Sunday is more than another car for the storied automaker. Ford Motor Co. shows the all-new electric Mustang Mach-E vehicle for a photo shoot at a studio in Warren, Michigan,...
Reuters - Business

Made in China: Samsung farms out more phones to fend off rivals

Reuters
SEOUL (Reuters) – Samsung’s plan to outsource a fifth of its smartphone production to China next year may help it compete with low-cost rivals such as Huawei and Xiaomi but it’s a strategy fraught with risks, people with familiar with the move said. Samsung Electronic’s Galaxy A90 is seen on...
Reuters - Business

Biotech-for-hire PeptiDream charts new path and becomes short target

Reuters
TOKYO (Reuters) – The promise of PeptiDream Inc’s drug-discovery technology and its lucrative research-for-hire contracts have made it a darling of the Tokyo stock market. Now, those gains have made it a target for short-seller Muddy Waters. Patrick Reid, President and CEO of PeptiDream Inc, poses for a photograph at...
Reuters - Business

VW ramps up China electric car factories, taking aim at Tesla

Reuters
FRANKFURT/ZWICKAU (Reuters) – Volkswagen AG (VOWG_p.DE) is ramping up production of electric cars to around 1 million vehicles by end of 2022, according to manufacturing plans seen by Reuters, enabling the German carmaker to leapfrog Tesla Inc and making China the key battleground. An automated body welding line for electric...
Reuters - Business

Behind AT&T’s plan to take on Netflix, Apple and Disney with HBO Max

Reuters
(Reuters) – In the bestselling novel “Circe” — optioned by WarnerMedia for its forthcoming HBO Max streaming service — the daughter of the Greek god Helios tames wild beasts and menaces the gods. FILE PHOTO: HBO logo is on display during an Apple event in San Francisco, California, U.S., March...
Reuters - Business

Teva’s proposed opioid settlement could cost drugmaker pennies on the dollar

Reuters
NEW YORK/BOSTON (Reuters) – Teva Pharmaceutical Industries Ltd’s proposed $23 billion drug giveaway to settle thousands of U.S. opioid lawsuits will likely cost the company a fraction of that figure due to how it has valued those medicines, according to a Reuters review of pricing data and industry analysts. FILE...
Reuters - Business

Trade war rejuvenates ‘Silicon Valley’ firms in Malaysia

Reuters
PENANG, Malaysia (Reuters) – Years after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging, it’s hiring more workers, considering an expansion, and picking and choosing orders. FILE PHOTO: An employee of the automated test equipment...
Reuters - Business

Harley struggles to fire up new generation of riders with electric bike debut

Reuters
CHICAGO (Reuters) – Harley-Davidson Inc (HOG.N) is betting on electric motorcycles to attract the next generation of younger and more environmentally conscious riders to reverse declining U.S. sales. Harley-Davidson’s new electric motorcycle, LiveWire, is shown in this handout photo released by Harley-Davidson. Harley-Davidson Motor Company/Handout via REUTERS But as Harley...
Reuters - Business

Chevron’s shale allies are its secret weapon in Exxon race

Reuters
MIDLAND, Texas (Reuters) – U.S. oil company Chevron Corp (CVX.N) is turning to joint ventures and drilling alliances in its bid to dominate the Permian Basin after abandoning a takeover that would have made it the leading producer in the world’s biggest shale field. Oil pump jacks work at sunset...

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