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Quantumscape Progress on Battery Tech Plans Overshadows Wider Q4 Loss By Investing.com

By Yasin Ebrahim Quantumscape surged in after-hours Tuesday as signs of progress on its battery technology development plans overshadowed wider fourth-quarter losses.   Quantumscape (NYSE:QS) jumped 7% following the report.  The company reported a loss per share of $2.41, compared with 6 cents a year earlier. It has yet to generate revenue.  The company said it decided to build a pre-pilot line facility in...

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Fed’s Bowman Warns Economy at Risk Amid New Virus Strains By Bloomberg

(Bloomberg) -- The U.S. economy still has “a long way to go” to heal from the Covid-19 pandemic and new variants of the virus are troubling, said Federal Reserve Governor Michelle Bowman. “The prospect of widespread vaccination is definitely encouraging, but there is still a great deal of uncertainty and this is not the time for us to be complacent,” she said Tuesday...

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Every UK adult could have two vaccine doses by Sept, taskforce tells Sky By Reuters

LONDON (Reuters) - Every adult in the United Kingdom could receive both doses of a coronavirus vaccine by August or September, the head of the country's vaccine taskforce told Sky News on Tuesday. Britain has vaccinated 15.6 million people with a first dose and 546,165 with a second dose, the fastest roll-out per capita of any large country. "We're...

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Chip shortage could impact nearly 1 million vehicles of production in first quarter: IHS By Reuters

WASHINGTON (Reuters) - A shortage of auto semiconductor chips could impact nearly 1 million units of global light vehicle production in the first quarter, data firm IHS Markit said on Tuesday, significantly upping a prior forecast. The firm on Feb. 3 estimated the issue would impact 672,000 vehicles through March 30. IHS Markit said it still expects the majority of volume...

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Exclusive: Lucid Motors nears SPAC deal as Klein launches financing – sources By Reuters

By Joshua Franklin and Anirban Sen (Reuters) - Luxury electric vehicle maker Lucid Motors Inc is getting close to a deal to go public at a roughly $12 billion valuation after veteran dealmaker Michael Klein's blank-check acquisition firm launched a financing effort to back the transaction, people familiar with the matter said on Tuesday. The merger between Lucid and Klein's Churchill Capital...

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BlackBerry Tumbles After Analyst Says Sell By Investing.com

By Liz Moyer Investing.com -- BlackBerry Ltd (NYSE:BB) tumbled 6.7% on Tuesday after an analyst said it's time to sell. Canaccord Genuity downgraded the stock to sell from hold with a price target of $10, citing valuation. The stock is currently trading just above $12. Canaccord's Michael Walkley said the valuation was unreasonable. "While we believe management has created a cogent long-term strategy and...

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Canada shares higher at close of trade; S&P/TSX Composite up 0.20% By Investing.com

Investing.com – Canada equities were higher at the close on Tuesday, as gains in the Healthcare, Energy and Financials sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.20% to hit a new all time high. The biggest gainers of the session on the S&P/TSX Composite were Aphria Inc (TSX:APHA), which rose 25.06% or 5.400...

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After ‘brain death’ and Trump, NATO chief proposes reforms for Atlantic alliance By Reuters

By Robin Emmott BRUSSELS (Reuters) - NATO Secretary-General Jens Stoltenberg will present reform plans on Wednesday to modernise the alliance after four years of friction with Washington and to face challenges including China's military rise and Russia as an adversary. After confrontational rhetoric between Washington and its allies during the Donald Trump presidency, Stoltenberg will set out eight areas where NATO could...

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Britain’s Cairn files case in U.S. to push India to pay $1.2 billion award By Reuters

By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) - Cairn Energy has filed a case in a U.S. district court to enforce a $1.2 billion arbitration award it won in a tax dispute against India, a court document showed, ratcheting up pressure on the government to pay its dues. In December, an arbitration body awarded the British firm damages of more...

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