The Lucid Air sedan, which is slated to go into production at a facility in Arizona next year. Clear Electric vehicle company Lucid Motors plans to enter through a reverse merger with a blank check company founded by veteran investment banker Michael Klein with a combined equity value of $ 11.75 billion and a pro…

The smallest businesses that have had the most difficulty accessing forgivable loans from the paycheck protection program will soon receive additional help. The Biden government on Monday announced changes to the pandemic relief program, which aims to help small and minority businesses, as well as individual entrepreneurs. Starting Wednesday, the Small Business Administration will only…

ON Semiconductor, a chip maker trying to meet the high demand for automotive components, expects to eliminate a bottleneck in the production of car chips by the second half of the year at the latest. In an interview with CNBC’s Jim Cramer on Monday, CEO Hassane El-Khoury said the company is seeing a rush in…

People gather to ask McDonald’s Corporation to raise workers wages to a minimum wage of $ 15 and to demand union rights on May 23, 2019 in Fort Lauderdale, Florida. Joe Raedle | Getty Images President Joe Biden announced the American Rescue Plan in January, which includes raising the minimum wage to $ 15 an…

Erick Vazquez receives the Pfizer vaccine during an event to vaccinate approximately 500 healthcare workers and adults over 65 years of age against COVID-19 organized by Labor Community Services, the Los Angeles Federation of Labor, and the St. Johns Well Child and Family Center shaped work of love, in Pico Union, February 13, 2021 in…

Dr. Torian Easterling is the First Assistant Commissioner and Chief Equity Officer for the New York Department of Health There is one essential element to the success of a vaccination program: people’s trust in the vaccine and the institutions that give it. Trust in the Covid-19 vaccine is just as valuable as our vaccine supply.…

The CEO of Porsche warned on Monday that the daily operations of the German luxury car maker could be affected by a “very serious” global semiconductor shortage in the coming months. “The semiconductor issue is very serious, as the entire industry is affected by the great demand for consumer electronics and the faster return of…

British Prime Minister Boris Johnson, wearing a face mask to prevent the spread of the coronavirus, visits a pharmaceutical manufacturing facility during a visit to northeast England on February 13, 2021. WPA pool | Getty Images News | Getty Images British Prime Minister Boris Johnson will announce on Monday how and when lockdown restrictions will…

An AstraZeneca vaccine production line. Bloomberg | Bloomberg | Getty Images The world’s largest vaccine maker by volume, Serum Institute of India, has been told to first meet domestic demand for Covid-19 shots before selling them overseas. The move implies that overseas governments could face order delays from the company as it puts India’s needs…

Workers repair a power line in Austin, Texas, United States on Wednesday, February 18, 2021. Thomas Ryan Allison | Bloomberg | Getty Images Houston Mayor Sylvester Turner on Sunday called on the state of Texas to pay the huge electricity bills reported by numerous Texans after severe winter weather turned off electricity and increased energy…