Elon Musk has strengthened the equity stake of his $44 billion offer to buy Twitter with commitments of more than $7 billion from a diverse group of investors, including Silicon Valley heavy hitters such as Oracle co-founder Larry Ellison.
May 5, 2022Technology
Wall Street, Tech Investors Back Musk Twitter Bid With $7 Billion

Nikola Reports Surprise Q1 Revenue
Electric truck startup Nikola said in its first-quarter earnings report on May 5 that it delivered its first semi-trucks to customers in April.
May 5, 2022Trillium, Cummins Collaborate on Customer Assistance
The Love’s Family of Companies and Cummins Inc. announced they agreed to work together to help customers integrate alternative fuel and zero-emission technologies into their operations.
May 5, 2022Aurora Innovation Focuses on Real-Time Data
Autonomous driving technology company Aurora Innovation Inc. announced it is developing a system, Aurora Beacon, intended to allow customers to optimize autonomous vehicles for “24/7/365 operation.”
May 5, 2022TuSimple Taps Werner for Roadside Service, Support
TuSimple has added Werner Enterprises Inc.’s roadside service network to others that will provide support to customers operating in “driver-out” SAE Level 4 autonomous mode on its Autonomous Freight Network.
May 4, 2022Eaton Posts Record Segment Margins in Q1

Power management company Eaton Corp. reported first-quarter net income and revenue rose, and it reached record Q1 segment margins, or the amount of profit or loss produced by one component of a business.
May 4, 2022Industry Reacts to FMCSA's Plans on Heavy-Truck Speed Limiters
A federal proposal to consider requiring speed limiters on new commercial trucks has drawn mixed reactions from trucking and safety groups.
May 4, 2022Meritor Reports FY Q2 Revenue Climbs on Demand, Higher Pricing
Meritor Inc. reported fiscal second-quarter net income dipped and revenue increased primarily driven by higher truck production in most global markets and pricing actions.
May 3, 2022Shippers Turn to Trucking for Help Meeting Carbon Reduction Goals
LAS VEGAS — As large corporations make bold pledges to achieve carbon neutrality in the coming decades, they are increasingly looking at their supply chains as an opportunity to make progress toward those goals.
May 3, 2022Cummins Reports All-Time High Quarterly Revenue
Cummins Inc. reported first-quarter net income fell as it posted all-time record quarterly revenue.
May 3, 2022