Bloomberg News

Government, Business

Senators Working on Infrastructure Alternative

Utah Senator Mitt Romney Utah Sen. Mitt Romney said the infrastructure plan should be paid for with an increased gas tax and other user fees. (Samuel Corum/Bloomberg News)

Utah Republican Mitt Romney said April 14 a group of senators is in the “early stages” of discussing a potential counterproposal to President Joe Biden’s $2.25 trillion infrastructure and spending plan that would be more narrowly focused and less expensive.

April 14, 2021
Government, Business, Logistics

Maersk Is Said to Weigh Sale of $1 Billion Cold Container Unit

Maersk Port of Los Angeles

A.P. Moller-Maersk A/S is considering a sale of its refrigerated container business as demand for the cold storage units surges during the COVID-19 pandemic, according to people familiar with the matter.

March 10, 2021
Business, Technology, Autonomous

GM-Backed Cruise in Talks to Buy Startup Voyage

Cruise A Cruise vehicle. (David Paul Morris/Bloomberg News)

Cruise, the self-driving vehicle company majority owned by General Motors Co., is in talks to acquire Voyage, an autonomous technology startup that operates in retirement communities, according to people familiar with the matter.

March 3, 2021
Business, Fuel, Autonomous

Tesla Stock Wipes Out Gains for the Year

Tesla Inc. electric vehicles at the automaker's showroom in Shanghai, China. (Qilai Shen/Bloomberg News) Tesla Inc. electric vehicles at the automaker's showroom in Shanghai, China. (Qilai Shen/Bloomberg News)

Tesla Inc. shares wiped out their year-to-date gains Feb. 23 and briefly traded below the level where they were when the electric carmaker entered the S&P 500 Index in December.

February 23, 2021
Government, Business

Yellen Favors Higher Company Tax

Treasury Secretary Janet Yellen by Shawn Thew/EPA/Bloomberg News Treasury Secretary Janet Yellen by Shawn Thew/EPA/Bloomberg News

Treasury Secretary Janet Yellen said President Joe Biden favors boosting taxes on companies, and signaled openness to considering raising rates on capital gains, while steering clear of a wealth levy.

February 22, 2021
Government, Business, Technology, Logistics, Autonomous

Electric Aircraft Demand Seen Growing for Deliveries

A JD.com Inc. drone during a package delivery demonstration at a launch pad in China. (Qilai Shen/Bloomberg News)

Electric aircraft such as drones could account for 30% of same-day package deliveries by 2040 as network scale dramatically brings down costs, according to L.E.K. Consulting.

February 16, 2021
Government, Business, Fuel

North Carolina Environmental Chief Michael Regan Tapped to Lead EPA

President-elect Joe Biden has picked an experienced but not widely known state regulator, Michael Regan of North Carolina, to lead the Environmental Protection Agency. (2017 photo by Chuck Liddy/The News & Observer via AP)

President-elect Joe Biden is nominating Michael Regan to lead the EPA, putting a North Carolina environmental regulator in line to chart national policy on combating climate change and pollution, according to people familiar with the matter.

December 17, 2020
Government, Business, Safety, Logistics

First Hiccups Seen in US Push to Deliver COVID-19 Vaccine

COVID-19 vaccine by Bloomberg News A member of the U.S. Navy prepares a dose of the Pfizer-BioNTech COVID-19 vaccine at Naval Medical Center San Diego in San Diego, on Dec. 15, 2020. (Bing Guan/Bloomberg News)

The first hiccups in the distribution of a COVID-19 vaccine in the U.S. included a holdup in delivering 3,900 shots to two states and the announcement that Pfizer Inc. would deliver almost a million fewer doses next week than are set to ship this week.

December 16, 2020
Government, Business, Fuel

Getting US to Zero Carbon May Cost $2.5 Trillion by 2030

A tanker truck drives past a Phillips 66 refinery in Borger, Texas. A tanker truck drives past a Phillips 66 refinery in Borger, Texas. Oil and gas job losses would be offset by opportunities in construction and in installing wind and solar power. (Angus Mordant/Bloomberg News)

It’s going to take $2.5 trillion in spending over the next decade to get the U.S. on a path to a carbon-free economy, but the transition will help to pay for itself, Princeton University researchers say.

December 15, 2020
Business, Technology, Fuel, Logistics, Autonomous

Tesla Plans to Start Shipping Out Cars Made at Shanghai Gigafactory

Tesla will begin shipping vehicles from its Shanghai factory to other countries in Asia and Europe. An aerial view of Tesla's Gigafactory in Shanghai, China. (Qilai Shen/Bloomberg News)

Tesla Inc. plans to ship cars made at its Shanghai factory to other countries in Asia and Europe, according to people familiar with the matter, shifting its strategy for the plant to largely focus on supplying the local market.

September 11, 2020

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