Latest News Updates From Bloomberg News

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Tesla Delays Semi and Cybertruck on Supply Woes

Tesla Inc. pushed back introductions of new models to next year, wagering the best way to continue expanding sales in the face of supply chain challenges will be to further leverage a narrow lineup of big sellers.

January 26, 2022
Logistics

EU Plan Will Classify Food Delivery Workers as Employees

As many as 4.1 million people working through food delivery and ride-hailing apps could be reclassified as employees under a forthcoming European Union plan meant to improve gig workers鈥 labor rights.

December 3, 2021
GovernmentBusinessTechnologyFuelAutonomous

Elon Musk鈥檚 Tesla Share Sales Pass $10 Billion

Elon Musk鈥檚 offloading of Tesla Inc. shares surpassed the $10 billion mark as he sold stock in the electric car maker for the fourth consecutive week.

December 3, 2021
BusinessTechnologyFuel

Rivian鈥檚 Trading Debut Pushes Value to Almost $88 Billion

Rivian Automotive Inc. ended its first day as a public company valued at almost $88 billion, more than tripling its last private valuation after investors piled into 2021鈥檚 biggest initial public offering.

November 10, 2021
GovernmentBusinessTechnologyFuel

Lawmakers Chide Colonial Pipeline for Weak Cybersecurity

U.S. lawmakers criticized Colonial Pipeline Co.鈥檚 cybersecurity practices as the company鈥檚 CEO faced his second day of questioning on Capitol Hill.

June 9, 2021
GovernmentBusinessFuel

Colonial Pipeline CEO Defends Cyberattack Response

The chief executive officer of the pipeline company hit by a ransomware attack last month apologized to a U.S. Senate panel for the incident that paralyzed the East Coast鈥檚 flow of gasoline, diesel and jet fuel, while defending his company鈥檚 response and offering tips for future hacking victims.

June 8, 2021
GovernmentBusinessFuel

Oil Tops $70 a Barrel for First Time Since 2019

Oil resumed its advance, reaching the highest settlement in more than two years with the OPEC+ alliance forecasting a tightening global crude market and a nuclear deal with Iran still up in the air.

June 1, 2021
GovernmentBusiness

Biden, GOP Leaders Say Infrastructure Deal Possible

Republican congressional leaders said it may be possible to reach agreement with Joe Biden on an infrastructure plan after meeting May 12 with the president at the White House.

May 12, 2021
GovernmentBusiness

Senators Working on Infrastructure Alternative

Utah Republican Mitt Romney said April 14 a group of senators is in the 鈥渆arly stages鈥 of discussing a potential counterproposal to President Joe Biden鈥檚 $2.25 trillion infrastructure and spending plan that would be more narrowly focused and less expensive.

April 14, 2021
GovernmentBusinessLogistics

Maersk Is Said to Weigh Sale of $1 Billion Cold Container Unit

A.P. Moller-Maersk A/S is considering a sale of its refrigerated container business as demand for the cold storage units surges during the COVID-19 pandemic, according to people familiar with the matter.

March 10, 2021