Lucid Group said on Tuesday it plans to launch next year a mid-size Level 4 self-driving electric vehicle using computer systems from Nvidia , marking a step toward cars that can operate without drive... ...

Core Insights - Trump Media and Technology Group is set to launch prediction markets on its social media platform Truth Social through a partnership with Crypto.com, indicating a strategic move into event-driven markets [1] Company Developments - The introduction of prediction markets on Truth Social represents an expansion of the platform's offerings, potentially attracting a new user base interested in market predictions [1] Industry Trends - The partnership with Crypto.com highlights the growing trend of integrating cryptocurrency and blockchain technology into social media platforms, reflecting a broader industry shift towards decentralized finance and user engagement through innovative financial products [1]

Tesla is looking at internal CEO candidates if Elon Musk leaves in case the $1 trillion pay plan is not passed at the annual shareholder meeting next week, Bloomberg News reported on Tuesday, citing the automaker's board chair. ...

Italy's aerospace and defence group Leonardo said on Tuesday it was selling a 9.4% stake in rocket maker Avio through an accelerated bookbuilding to institutional investors. ...

Core Viewpoint - Venezuela is requesting Trinidad and Tobago to provide details regarding the initial field tests by Exxon Mobil in a significant offshore area [1] Group 1 - Venezuela is seeking information on the location and specifics of Exxon Mobil's first field tests [1]

Computer chip equipment maker ASM International reported third-quarter bookings below market expectations on Tuesday, hit by a larger-than-expected drop in orders from Chinese chipmakers. ...

Core Insights - Temenos, a banking software company, raised its 2025 outlook and reported third quarter earnings that exceeded market expectations [1] Financial Performance - The company reported third quarter earnings that were ahead of market expectations [1] Strategic Developments - Temenos is currently in the process of searching for a new chief executive [1]

Core Points - A Dutch court has mandated Meta Platforms to simplify the process for Facebook and Instagram users to opt out of algorithmically curated timelines by the end of the year [1] Group 1 - The court ruling emphasizes the need for user-friendly options regarding algorithmic content curation on Meta's platforms [1] - This decision reflects growing regulatory scrutiny over social media companies and their content management practices [1] - Meta is required to comply with the ruling, which may impact user engagement and advertising strategies [1]

Core Insights - U.S. chipmaker GlobalFoundries announced an investment of 1.1 billion euros ($1.28 billion) to enhance manufacturing capabilities at its German facility, aiming to increase production [1] Company Summary - GlobalFoundries is focusing on expanding its manufacturing capabilities in Germany through a significant investment [1] - The investment reflects the company's strategy to boost production capacity in response to growing demand in the semiconductor industry [1] Industry Context - The semiconductor industry is experiencing increased demand, prompting companies like GlobalFoundries to invest heavily in manufacturing capabilities [1] - Expanding production facilities is crucial for companies to remain competitive in the rapidly evolving tech landscape [1]

JPMorgan Chase has named long-time executive Jay Horine to oversee its $1.5 trillion investment fund focused on companies critical to U.S. national security, according to a memo seen by Reuters. ...