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12/29/20: What’s Going On

Volkswagen, Tesla and more from around the business world.
(Yang Zhen)
(Yang Zhen)
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“Office-building landlords are hoping that the massive Covid-19 vaccination campaign launched in the U.S. this month will lead to millions of people returning to workplaces in 2021 after spending most of the pandemic working from home. But it isn’t going to be soon. Rather, a widespread return probably won’t take place until the late spring or early summer of 2021 when enough people have been vaccinated in the U.S. for the population to come close to achieving “herd immunity,” according to public-health professionals and executives in the real-estate industry.”

“The pandemic and related restrictions shocked the U.S. job market earlier this year, leading to a labor-force reordering as the economy recovered. Jobs have declined at retail stores, restaurants and bars and grown at warehouse and transportation businesses that serve online customers as e-commerce flourishes.”

“Volkswagen Group has developed a mobile electric vehicle charger that can autonomously navigate parking areas, power up an EV and then make its way back to its outpost without the intervention of humans. The prototype, which VW Group Components created, aims to showcase how the automaker will expand charging infrastructure over the next few years to meet the expected demand that will arise as it produces and sells more electric vehicles. VW Group has committed to launching dozens of electric models over the next decade. The group’s Volkswagen brand plans to build and sell 1.5 million electric cars by 2025.”

Companies Raising Capital
NameAmountDescription
DXY$500 MillionChinese Healthcare Portal Backed By Tencent
Graphcore$222 MillionAI Chipmaker
Rendin€1.2 MillionLong-Term Property Rental Platform
Tappity$1.3 MillionInteractive And Educational Video Library For Kids

“Tesla will begin operating in India in “early” 2021, a top Indian minister said on Monday, a day after the tech-centric carmaker said it was confident it would enter the world’s second-most populated market next year.”

“Republicans will likely block Democrats’ attempts to have the Senate follow the House in boosting stimulus payments for most Americans to $2,000, even though President Donald Trump backs the bigger checks.”

“The scale of the Covid-19 outbreak in Wuhan early this year may have been nearly 10 times the recorded tally, a study conducted by China’s public health authorities indicates, leaving the city where the coronavirus first took hold still well short of the immunity required to protect against a potential resurgence.”

“Nigerian stocks are headed for their highest annual gain in seven years riding on low yields in the country’s fixed-income market. The equities benchmark index in Africa’s largest economy recorded its highest return, rising 45.7% this year, the most among 93 equity indexes tracked by Bloomberg. It’s the world’s best performing stock market year-to-date.”

“The Environmental Protection Agency said Monday it has set its first-ever climate standards for commercial airliners and large business jets, aligning U.S. rules with global standards and giving jet makers eight years to comply.”

“U.S. regulators established industry-wide requirements for remote identification of drones, along with new safeguards for flights over populated areas and at night, in a long-awaited effort to expand commercial use of the craft.”

“The Trump administration on Monday strengthened an executive order barring U.S. investors from buying securities of alleged Chinese military-controlled companies, following disagreement among U.S. agencies about how tough to make the directive.”

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