Virgin Orbit Fails to Secure Funding, Will Cease Operations and Lay Off Nearly Entire Workforce
Virgin Orbit CEO Dan Hart gave employees an update in an all-hands meeting on Thursday, according to audio obtained by CNBC.
Hyundai, Kia to Recall 570,000 Vehicles, Warn Drivers of Fire RiskHyundai and Kia are telling owners of over 571,000 SUVs and minivans in the U.S. to park them outdoors because the tow hitch harnesses can catch fire while they are parked or being driven. The Korean ...
Senators Press Moderna CEO on COVID-19 Vaccine Price Hike
Moderna’s CEO is defending a plan to more than quadruple the company’s COVID-19 vaccine price.
Yellen Says Bank Situation ‘Stabilizing,' System Is ‘Sound'
Treasury Secretary Janet Yellen is trying to project calm after recent regional bank failures in California and New York.
Bank Failures: Anger in Congress, But Division on What to Do
Congress is trying to figure out how best to respond to the abrupt failure of two U.S. banks.