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Today's Technology Pulse

Slate Auto’s sub‑$20,000 electric pickup draws 100,000 reservations

Jeff Bezos‑backed Slate Auto unveiled a fully customizable electric pickup priced under $20,000 after applying the $7,500 federal tax credit. Within two weeks of launch, the startup recorded more than 100,000 refundable $50 reservations, signaling strong consumer interest in affordable EVs.

Also developing:

Virginia becomes first state with AI governance law establishing independent verification organizations
Huawei launches Pura X Max, a wide‑format foldable phone targeting the premium market
American Transmission Company seeks up to $2.98B for Wisconsin transmission upgrades serving hyperscale data centers

By the numbers: Australian and US governments commit $1.85B to critical minerals projects in Australia

Today's Business Pulse

U.S. and Australia pledge $5B to fast‑track critical‑minerals projects

The United States and Australia have sealed a $5 billion financing agreement to fund Australian critical‑minerals projects, targeting lithium, rare earths and other materials essential for the energy transition. The pact aims to boost production capacity and reduce reliance on rival sources, strengthening supply chains for clean‑energy technologies.

Also developing:

Iran threatens Bab al‑Mandeb if U.S. blocks Hormuz, raising Red Sea shipping risk
Five9 expands Fusion Partner Program to broaden open‑platform CX ecosystem
Tesco teams with Adobe to launch AI‑driven personalised marketing platform

By the numbers: Intel to buy back half of Irish plant for $14.2B

Today's Investing Pulse

Swire Properties secures $1B financing for Miami Mandarin Oriental luxury tower

Swire Properties announced a $1 billion financing package for a new 34‑story Mandarin Oriental hotel and a 66‑floor residential tower on Miami’s Brickell Key, with completion targeted for 2030. The project has already generated $1.3 billion in sales, driven by domestic U.S. buyers.

Also developing:

Schwab challenges the 4% retirement withdrawal rule
Embark hires new CRO and partners with Climate X for ESG advisory
OraSure call options jump 2,394% as traders snap up 7,008 contracts

By the numbers: Circle files for $5B IPO

Today's Industries Pulse

Gen Z fuels 39% of U.S. box office, reviving theaters

Gen Z's ticket share rose to 39% of U.S. box‑office revenue, up from 34% in 2019. Analysts attribute the surge to social‑media buzz and a craving for communal, analog experiences. Theaters are reporting stronger sell‑outs and are planning new youth‑focused initiatives.

Also developing:

Karnivool launches Australian tour after number‑one debut of first album in 13 years
Toronto pivots from retractable‑roof office tower to boutique hotel at 160 John St.
Banks urged to form Interpol‑style network to combat AI‑driven fraud

By the numbers: EGYM to merge with Playlist in $7.5B deal