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Tesla Responds to Senator’s Criticism of Autopilot Feature

Tesla is fighting back against an assertion by Sen. Edward Markey (D-Mass.) that its driver-assistance Autopilot setting is dangerous because its branding is “inherently misleading.” Tesla responded to the senator in a letter stating that it has taken steps to ensure that driver engagement is still active once Autopilot is engaged. Those steps include new warnings for red lights and stop signs. Sen. Markey called for “rebranding and remarketing the system to reduce misuse, as well as building backup…

Toner’s team ran a simulation of the impact of a hypothetical coronavirus that was resistant to vaccine and easily transmittable

Scientist and scholar Eric Toner, quoted above in an excerpt from a Friday interview with the business-news channel CNBC, explained that China’s efforts to contain the current outbreak of a fast-moving upper-respiratory illness are “unlikely to be effective.” The comments come as the Centers for Disease Control and Prevention confirmed a second case of coronavirus in the U.S. Cases of the illness, which is related to SARS, or severe acute respiratory syndrome, have now turned up in a number of countries beyond China,…

Concern Grows Over Spread of Mysterious Virus

Concerns grew over the weekend of a mysterious virus that apparently has caused fatal cases of pneumonia and looks to have originated out of the centrally located Chinese city Wuhan. New cases of the virus – dubbed the 2019 novel coronavirus or 2019-nCoV – have been confirmed over the weekend, after it also turned up in Japan and Thailand, showing its ability to spread quickly beyond international borders. As of Sunday, 17 more patients of the virus were reportedly identified in China, with the total recorded cases in…

Boeing Extends Declines Amid Reports of $10 Billion Loan to Offset 737 MAX Hit

Boeing Co.shares extended declines in pre-market trading Tuesday amid reports the embattled planemaker could borrow as much as $10 billion to offset the financial impact of its grounded 737 MAX aircraft. Bloomberg reported Boeing is close to agreeing a two-year credit facility with a group of banks lead by Citigroup, while CNBC reported the borrowing commitment could be as high as $10 billion, a figure that would largely match the planemaker's estimate for costs linked to the 737 MAX's two fatal crashes in 2017 and 2018…

What War Would Mean for Wall Street

First off, a little history. The financial district at the southern end of the Manhattan borough of New York City is no stranger to war. This has nothing to do with business, nor economics, unfortunately. Quite simply, it was we who were targeted in September of 2001, and before that, on a smaller scale, in February of 1993. We know what an earthquake feels like. We know what it feels like to lose a race run against a booming cloud of construction material. It was our friends and acquaintances who were killed on the…

Mack Trucks to cut more than 300 jobs at Pennsylvania assembly plant

MACUNGIE, Pa. — Mack Trucks plans to lay off 305 employees at its assembly plant north of Philadelphia, the company said Wednesday. Mack blamed the layoffs at its Lower Macungie Township plant on a downturn in the heavy-duty truck market. They will take effect at the end of February, The (Allentown) Morning Call reported. The cuts represent about 13% of the plant’s payroll. “We regret having to take this action, but we operate in a cyclical market, and after two years of extremely high volumes, we have to adapt to…

Ukrainian Boeing 737 jetliner crashes outside Tehran, killing all 176 aboard, says Iran state TV

TEHRAN, Iran — A Ukrainian airplane carrying 176 people crashed on Wednesday shortly after takeoff from Tehran’s main airport, killing all onboard, state TV reported. The plane had taken off from Imam Khomeini International Airport in the Iranian capital when a fire struck one of its engines, said Qassem Biniaz, a spokesman for Iran’s Road and Transportation authority. The pilot of the aircraft then lost control of the plane, sending it crashing into the ground, Biniaz said, according to the state-run IRNA news agency.…

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