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GM, LG to upgrade Tennessee plant to make low-cost EV batteries

GM, LG to upgrade Tennessee plant to make low-cost EV batteries

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Ultium Cells Spring Hill, TN. September 2022. Courtesy: Ultium Cells LLC Ultium Cells, a joint venture between General Motors and LG Energy Solution, said Monday it’s upgrading its facility in Spring Hill, Tennessee, to make low-cost electric vehicle battery cells. GM said the lithium iron phosphate battery cells — abbreviated LFP based on the elements’ […]

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Athlete-backed Jams takes on peanut butter and jelly, protein craze

Athlete-backed Jams takes on peanut butter and jelly, protein craze

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Connor Blakley Jams founder Jams The classic peanut butter and jelly sandwich is getting a modern day upgrade and backing from some top athletes. Jams, a new company created by 26-year-old Connor Blakley, launched Monday and hopes to take on Smucker’s Uncrustables as the next locker room and lunch box staple. Like Uncrustables, the sandwiches

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Levi Strauss raises sales guidance, says it will absorb some tariff costs for now

Levi Strauss raises sales guidance, says it will absorb some tariff costs for now

Business News

Levi Strauss raised its full-year guidance Thursday and said it’s working to absorb some of the costs it’s facing from higher tariffs, but that could change as President Donald Trump’s trade policy evolves.  The denim maker doesn’t disclose its key manufacturing hubs, but much of its supply comes from Southeast Asia. Many countries in the

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FDA to consider drug affordability when granting new vouchers to speed up approvals, Makary says

FDA to consider drug affordability when granting new vouchers to speed up approvals, Makary says

Business News

The Food and Drug Administration will consider drug affordability when granting companies new vouchers that speed up approvals of some treatments, the agency’s Commissioner Marty Makary told CNBC on Friday.  The FDA in June announced a national priority voucher plan that aims to cut drug review times to one-to-two months for companies it says are

FDA to consider drug affordability when granting new vouchers to speed up approvals, Makary says Read More »

IMAX is headed for its best year on record as it capitalizes on Hollywood’s box office rebound

IMAX is headed for its best year on record as it capitalizes on Hollywood’s box office rebound

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General atmosphere during an IMAX private screening for the movie “First Man” at an AMC theater in New York City on Oct. 10, 2018. Lars Niki | Getty Images Entertainment | Getty Images More than a year before “F1: The Movie” would eventually hit theaters, Apple struck a deal with IMAX. The studio secured the

IMAX is headed for its best year on record as it capitalizes on Hollywood’s box office rebound Read More »

How Iconiq, the wealth firm backed by Mark Zuckerberg, brings ultra-rich philanthropists together

How Iconiq, the wealth firm backed by Mark Zuckerberg, brings ultra-rich philanthropists together

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Meta CEO Mark Zuckerberg and Square CEO Jack Dorsey. Manuel Orbegozo | Handout | Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Even as tax changes may reduce giving by

How Iconiq, the wealth firm backed by Mark Zuckerberg, brings ultra-rich philanthropists together Read More »

Patrick Mahomes is investing in his love for coffee — and isn’t thrilled about an 18-game season

Patrick Mahomes is investing in his love for coffee — and isn’t thrilled about an 18-game season

Business News

Kansas City Chiefs quarterback Patrick Mahomes has added “coffee entrepreneur” to his already packed resume. The three-time Super Bowl champion has invested in Throne Sport Coffee, adding to the 29-year-old superstar’s portfolio off the field. As his Chiefs and the rest of the NFL gear up for the upcoming season, Mahomes spoke to CNBC about

Patrick Mahomes is investing in his love for coffee — and isn’t thrilled about an 18-game season Read More »

Goldman Sachs is piloting its first autonomous coder in major AI milestone for Wall Street

Goldman Sachs is piloting its first autonomous coder in major AI milestone for Wall Street

Business News

A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | Reuters The newest hire at Goldman Sachs isn’t human. The bank is testing an autonomous software engineer from artificial intelligence startup Cognition that is

Goldman Sachs is piloting its first autonomous coder in major AI milestone for Wall Street Read More »

Trump’s tariffs on Brazil could make your coffee even more expensive

Trump’s tariffs on Brazil could make your coffee even more expensive

Business News

President Donald Trump’s proposed 50% tariff on Brazilian imports is bad news for coffee drinkers. Brazil, the largest U.S. supplier of green coffee beans, accounts for about a third of the country’s total supply, according to data from the U.S. Department of Agriculture. Coffee beans need to grow in a warm, tropical climate, making Hawaii

Trump’s tariffs on Brazil could make your coffee even more expensive Read More »

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