Elon Musk Tells Tesla Employees Will Be ‘The Most Valuable Company on Earth, Sam Bankman-Fried Prepares to Confess to Fraud, Twitter ‘Should Feel Faster’: Today’s Top Stories


Elon Musk tells employees Tesla will be the ‘Most Valuable Company on Earth’ in the long term as he gathers support for the big push at the end of the quarter

  • Elon Musk talked much needed with Tesla Corporation (NASDAQ: TSLA) via email as the stock is still on track to end 2022 as the year’s worst performing large-cap stock.

  • Musk issued a rallying call, urging employees to ramp up deliveries for the fourth quarter.

  • “Do your best for the next few days and volunteer to help with deliveries if you can. That will make a real difference!”

Sam Bankman-Fried prepares to plead guilty to fraud and embezzlement in FTX case

  • Sam Bankman-Fried, The former CEO of crypto exchange FTX, will reportedly plead guilty to criminal charges alleging that he defrauded investors and misused billions of dollars of client funds.

  • The 30-year-old is expected to be arraigned on January 3, 2023, before a U.S. District Judge Lewis Kaplan in a Manhattan federal courtroom.

  • Kaplan was assigned to the case after the original judge withdrew himself due to a conflict of interest, as her husband’s law firm had previously advised FTX.

US court prosecutes Google and YouTube content providers for violating children’s privacy

  • A US appeals court revived a case Alphabet company (NASDAQ: GOOG) (NASDAQ: GOOGLE) Google and other companies that violate the privacy of children under the age of 13.

  • Google and other companies allegedly tracked children’s YouTube activity without parental consent to send them targeted ads.

  • The lawsuit alleges that Google’s data collection violated similar laws in the state and YouTube content providers like Hasbros Corporation (NASDAQ: YES), Mattel Corporation (NASDAQ: MAT), Warner Bros. Discovery, Inc (NASDAQ: white blood cells) Cartoon Network, and Comcast Corporation (NASDAQ: CMCSA) DreamWorks Animation drew kids to their channels.

Novartis settles antitrust cases involving generic entry for hypertension drug

  • Novartis Corporation (NYSE: NVS) will pay $245 million to end an antitrust lawsuit accusing the company of trying to delay the launch of generic versions of Exforge in the United States, treating hypertension to lower blood pressure and reduce the risk of stroke. stroke.

  • Novartis and endo international ltd (OTC: ENDPQ) Unit Par Pharmaceutical alleges the parties entered into an illegal “reverse payment” arrangement to delay the launch of generic versions of Exforge for two years after the expiration of the patent.

Honda recalls 200,000 vehicles due to faulty brake pedal sensor

  • According to the State Administration of Market Regulation of China Honda Automobile Company Limited (NYSE: Ho Chi Minh City) will recall 200,000 hybrid vehicles.

  • The recall is the result of a faulty brake pedal sensor in some vehicles, which is caused by lubricant.

  • The recall involves 105,608 hybrid vehicles manufactured by Honda’s joint venture with Dongfeng Automobile Corporation from October 8, 2018 to September 7, 2020.

The Wall Street Journal

Amazon scores yet another victory in blocking consolidation efforts at US warehouses

  • Amazon.Com Inc (NASDAQ: AMZN) in Moreno Valley, California, or ONT8, failed to gather enough evidence to support federal officials calling an election, to the chagrin of thousands of workers.

  • Inside ONT8, Nannette Plascencia says she’s encountered some obstacles when figuring out how to organize colleagues.

  • She added that some of the original workers Plascencia spoke to have left. Amazon says many employees leave, return, and re-enroll.

Food delivery apps DoorDash, Uber adjust to changing customer needs during pandemic recovery

  • Consumers continue to spend more, but note caution about The biggest food delivery appsDoorDash Inc (NYSE: DASH) and Uber Technology Co (NASDAQ: UBER) Uber eats.

  • People switched to in-store pickup, ordering fewer dishes, and varying what they were delivered.

  • In November, DoorDash Chief Financial Officer Prabir Adarkar said deliveries are still part of the daily lives of people who have just adjusted their behavior to recover from the pandemic.

Financial Times

Exxon Mobil sues the European Union in an attempt to eliminate new taxes on oil companies

  • Exxon Mobil Corporation (NYSE: XOM) is said to have sued the European Union to remove the bloc’s new surprise tax on oil groups.

  • Oil companies that reported record quarterly profits benefited from high energy prices due to the Russia-Ukraine conflict, leading to calls for continued taxation of the sector.

  • Exxon spokeswoman Casey Norton said the extraordinary income tax was “counterproductive”, discouraging investment and eroding investor confidence.


Gaotu Techedu, TAL Education and other Chinese Edtech stocks plunge as China ramps up crackdown

  • China is seeking to tighten even more scrutiny of its battered online education sector.

  • China’s move shows that it is not prepared to dismantle the private tutoring sector despite loosening restrictions on tech giants.

  • Educational technology companies plunged after the Ministry of Education announced a series of new regulations limiting the fees and operating hours of tutoring services for elementary and middle school students.

TSMC begins commercializing next-generation chips to tap growing demand from iPhones, Internet servers and supercomputers

  • Taiwan Semiconductor Manufacturing Co., Ltd (NYSE: TSM) kicked off mass production of next-generation chips on Thursday, securing the island’s status as a pillar of key technology.

  • Main chip manufacturer for Apple Inc (NASDAQ: AAPL) has begun mass production of cutting-edge 3 nm chips at its Tainan campus in southern Taiwan.

BYD ramps up pricing for popular electric car while Tesla focuses on discounts to attract buyers

  • BYD Co., Ltd (OTC: BYDDF) (OTC: BYDDY) raised the price of its popular Dolphin model and scrapped the low-end version of the vehicle, despite signs of cooling domestic auto demand.

  • Warren BuffettSupported BYD says the 2023 price for its Dolphin small hatchback will start at 116,800 yuan ($16,745) and expand to 136,800 yuan.


Lockheed Martin challenges US Army helicopter contract with competitor

  • Sikorskyone Lockheed Martin Corporation (NYSE: LMT), filed a formal protest asking the US Government Accountability Office (GAO) to review the US Army’s decision on the Future Long Range Attack Aircraft (FLRAA) contract.

  • Based on a thorough review of the information and feedback provided by the Army, Lockheed Martin Sikorsky is challenging the FLRAA’s decision.

  • The company says that data and discussions indicate that proposals are not consistently evaluated.

Elon Musk says Twitter made ‘significant’ backend changes after shutdown: ‘Should feel faster’

  • For the people Twitter users have problems with login messages and glitches, Elon Musk says the microblogging site will “feel faster” now.

  • Hours after #TwitterDown started trending on the platform when users complained about the website not working properly, Musk took to Twitter to share that the backend server architecture was “important.” was introduced.

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