Industries

Industries

Microsoft Holds Out on OpenAI Nonprofit Plan

Photo by TechCrunch via CC BY 2.0

Microsoft hasn’t signed off on OpenAI’s dramatic reversal of its onetime plan to become a for-profit venture.

2 min read

Photo illustration by Connor Lin / The Daily Upside

Consumer

Temu Gets Spooked by Possible TikTok Ban

The-commerce app, which has spent a fortune marketing itself in America, is reportedly starting to hedge its reliance on the US market.

2 min read
Photo by Maria Lupan via Unsplash

Energy

US Oil Industry Faces Wave of Antitrust Trouble

US shale producers are on the receiving end of a wild well of class-action lawsuits alleging anticompetitive behavior.

2 min read
Photo by Michael Förtsch via Unsplash

Electric Vehicles

Biden Reportedly Planning a 100% Tariff on Chinese EVs

But the ramped-up protectionist wave hasn’t extended to investor interest in new shares of Chinese companies.

2 min read

Industries

DoorDash Scoops up British Rival Deliveroo in Global Push

Photo by Carl Campbell via Unsplash

DoorDash binged Wednesday on British delivery rival Deliveroo, which it is set to acquire in a $3.9 billion deal.

1 min read

Photo illustration by Connor Lin / The Daily Upside

Energy

Can We Solve Climate Change by Suing Polluters?

Climate litigation is rapidly transforming to offer the promise of big victories and big cash prizes for lawyers.

6 min read
Photo via U.S. Patent and Trademark Office

Patent Drop

Honda May Bet on Carbon Removal to Clean its Factories

Honda may be placing its hopes on carbon capture to reach bold net-zero goals – despite the tech’s high price tag.

2 min read
Photo by Ilya Plekhanov via CC BY-SA 4.0

Consumer

Uber Takes a U-Turn Back to Unprofitability

A $721 million loss from equity investments in other companies pulled the entire company down to an overall loss of $654 million.

1 min read

Policy & Power

US Gains Ground in Hypersonic Arms Race

Photo via Stratolaunch

The US is breaking past Mach 5 and catching up to China and Russia in futuristic, hypersonic military technology.

2 min read

Industries

Skechers Takes $9 Billion Buyout as Shoe Stocks Skid

Photo by Harrison Keely via CC BY 4.0

Skechers, known for its comfortable and affordable sneakers, agreed to a $9.4 billion deal to be taken private by 3G Capital.

2 min read

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