Day: June 16, 2022

Trial of New Alzheimer’s Drug Reports Disappointing Results

A closely watched clinical trial of a potential Alzheimer’s drug failed to prevent or slow cognitive decline, another disappointment in the long and challenging effort to find solutions for the disease. The decade-long trial was the first time people who were genetically destined to develop the disease — but who did not yet have any …

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Energy Department’s States ‘off to the races’ on EV charging infrastructure

“Any place where you can put a public charger along the highway corridors is fair game, so that will be operated by the states,” said Berube, who is deputy assistant secretary for sustainable transportation in the department’s Office of Energy Efficiency and Renewable Energy. The law — signed by President Joe Biden in November — …

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BuzzFeed News Names Karolina Waclawiak as Top Editor

BuzzFeed News announced on Thursday that Karolina Waclawiak, its executive editor of culture, would become the next top editor. In a memo to staff members, Samantha Henig, the interim editor in chief, said that Ms. Waclawiak was chosen after a search involving internal and external candidates. “I personally was inspired by Karolina’s desire not just …

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USMCA trade deal important as a ‘functioning’ dispute mechanism, trade expert says

The deal includes changes to auto-specific rules of origin that require 75 percent of auto content for passenger vehicles and light trucks be made in North America. It also established — for the first time — a labor value content rule requiring 40 to 45 percent of auto content be made by workers earning at …

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In Twitter Meeting, Elon Musk Fields Questions From 8,000 Employees

SAN FRANCISCO — For weeks, Elon Musk has publicly trashed Twitter, even though he is buying the company in a $44 billion deal. On Thursday, he finally acted like an owner. In an hourlong question-and-answer session in the morning with Twitter’s 8,000 or so employees — the first time Mr. Musk has spoken with them …

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GM’s David Strickland: Industry needs EV tax credit for mass adoption

The $7,500 consumer EV tax credit expires after an automaker sells 200,000 qualifying vehicles. GM and Tesla have reached their incentive limit and are no longer eligible. GM, Ford Motor Co., Stellantis and Toyota Motor North America on Monday pushed Congress to remove the cap on the tax credit. The automakers’ CEOs asked for the …

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Volkswagen’s Scott Keogh: Rising interest rates, recession just another ‘bump’ for industry to overcome

“We need more, and we need more immediately,” Keogh said of ID4 production. He said that right now, VW is importing “anywhere from 800 to 2,000” ID4s per month from Germany. “Once we get that plant going, we’ll be sending out 7,000 to 8,000 per month.” As a result, he said, the German brand should …

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Michigan Rep. Debbie Dingell: EVs not affordable to ‘too many Americans’

She said consumer incentives — such as the current $7,500 tax credit — have helped make EVs more affordable. That credit phases out after an automaker sells 200,000 vehicles — a threshold both General Motors and Tesla have met. Toyota could reach the EV sales limit this year. EVs are the “vehicle of the future,” …

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Dealers need ‘seat at the table’ on EV policy, says NADA CEO Mike Stanton

Dealers are excited about the incoming wave of “fantastic product” for the mass market, Stanton said. “Dealers are actually all-in and essential when it comes to electric vehicles.” On the biggest opportunities going forward, he said dealers working with the automakers in collaborative fashion is essential. “Rather than worry about the scraps of today, we …

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