Shares of Joby Aviation fell more than 11% on Wednesday after the electric air-taxi maker priced a $514 million discounted share sale. ...

Persistent exchange rate pressures continued to weigh on Argentina's financial markets on Wednesday, straining the Treasury as proceeds from a special liquidation deal with agricultural exporters dwin... ...

Core Points - General Motors is discontinuing a program that allowed dealers to offer a $7,500 tax credit for electric vehicles for several months after the federal tax credit expiration on September 30 [1] Summary by Category Company Actions - The decision to scrap the program indicates a shift in strategy for General Motors regarding electric vehicle incentives [1] Industry Implications - This move may impact the sales of electric vehicles as the tax credit was a significant incentive for consumers [1]

Core Viewpoint - Ryanair expresses confidence that Boeing will receive approval to increase the monthly production rate of the 737 model to 42 units in October and to 48 units by March or April of the following year [1] Group 1 - Ryanair is a major customer of Boeing [1] - The planned production increase reflects Boeing's efforts to meet demand for its 737 model [1] - The timeline for production ramp-up is set for October and then by March or April of the next year [1]

Core Insights - A fire at a New York aluminum plant is expected to significantly impact Ford Motor's production of the F-150 truck for several months [1] - Analysts from Evercore ISI estimate that the incident will reduce Ford's earnings by up to $1 billion [1] Company Impact - The production disruption is specifically related to the F-150 truck, which is a key model for Ford [1] - The financial implications of the fire are substantial, with a potential earnings hit of $1 billion indicating a serious operational challenge for the automaker [1] Industry Context - The incident highlights vulnerabilities in the supply chain for automotive manufacturers, particularly those reliant on specific materials like aluminum [1] - The fire's impact on production timelines may affect Ford's competitive position in the truck market during the recovery period [1]

Core Insights - Cisco Systems has launched a new networking chip aimed at connecting artificial intelligence data centers, with major cloud computing units from Microsoft and Alibaba already adopting the chip [1] Group 1: Product Launch - The new networking chip is specifically designed for artificial intelligence data centers [1] - Microsoft and Alibaba's cloud computing units are among the first to enroll as custodians of the chip [1]

Core Viewpoint - NextDecade's CFO Brent Wahl will resign on October 20 to join a digital infrastructure company, indicating a leadership change within the company [1] Company Summary - Brent Wahl has been serving as the CFO of NextDecade and will be replaced by the company's senior vice president [1]

Core Insights - HealthTap is partnering with Eli Lilly to provide virtual diabetes management services through LillyDirect [1] Company Summary - HealthTap is a telehealth company that focuses on digital healthcare solutions [1] - Eli Lilly is expanding its digital healthcare platform, LillyDirect, to include diabetes management services [1] Industry Summary - The collaboration highlights the growing trend of integrating telehealth services into traditional healthcare frameworks, particularly for chronic disease management [1]

Core Insights - TopBuild Corp has acquired Specialty Products and Insulation (SPI) for $1 billion in cash, marking a significant move in the building materials sector [1] Company Summary - The acquisition comes approximately one year after the initial agreement between TopBuild and SPI was terminated, indicating a renewed interest and strategic alignment between the two companies [1]

Britain's FTSE 100 hit a new intraday record on Wednesday, lifted by heavyweight financial stocks, while gold miners advanced after bullion prices reached all-time highs. ...