DETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years — CEO Peter Rawlinson told CNBC. Rawlinson said the raise, which included a public offering of nearly 262.5 million shares of its common stock,…
Elon Musk, his car company, Tesla, and Warner Bros. Discovery were sued Monday over their alleged artificial intelligence-fueled copyright infringement of images from the film “Blade Runner 2049” to promote Tesla’s robotaxi concept. The lawsuit by the movie’s producer, Alcon Entertainment, says that the mega-billionaire Musk and the other defendants requested permission to use “an iconic…
When scientists heard reports that a large, mysterious fish had been caught in Cambodia in 2020, excitement stirred. Could this be the “Mekong Ghost,” they asked – an elusive fish that hadn’t been seen since 2005 and was feared extinct? Photos of the fish and its telltale identifiers – an…
Vietnam elected Luong Cuong, a military general, as its new president on Monday, the fourth official to fill the largely ceremonial role in 18 months. Cuong, 67, was elected by the National Assembly to replace To Lam, who remained president even after he was formally appointed as the general secretary of the ruling Communist…
Nearly three years after Russia’s invasion of Ukraine saw Moscow condemned by countries globally, leader Vladimir Putin is staging a summit with more than a dozen world leaders – in a pointed signal from the autocrat that far from being alone, an emerging coalition of countries stands behind him. The…
Polio is once again spreading in Pakistan, where officials say more than 1 million children missed their vaccination doses last month, underscoring the challenges they face in eradicating one of the world’s most intractable diseases. Pakistani officials reported more than a dozen new polio cases in October, bringing the total…
Hyundai Motor India’s shares fell 2% in their market debut on Tuesday, after a tepid response from retail investors to the country’s largest ever initial public offering. The stock listed at 1,934 rupees ($23) on India’s National Stock Exchange, compared to its issue price of 1,960 rupees ($23.31), and was last…
Editor’s note: This story contains details of suicide and violence that some readers may find upsetting. Meir Golan sank his face in the dense, dark orange soil. He seemed desperate to stay close to his daughter for as long as possible, holding tight onto Shirel’s shroud as she was being buried. More…
Melioidosis, a bacterial infection, was responsible for killing at least nine monkeys at a Hong Kong zoo, authorities said, as a further two died over the weekend, taking the total to 11 in the past week. Part of the zoo, built in 1860 and the oldest park in Hong Kong,…
India and China have reached an agreement on military disengagement along their disputed border, New Delhi said, a step toward reducing frictions between the nuclear-armed neighbors that comes as both countries’ leaders arrive in Russia for a summit. India’s foreign minister Subrahmanyam Jaishankar on Monday said the agreement on military…