BizToc
📰 BizToc.com Hourly News Flash

1) Tesla Price Cuts Ignite EV Sales Race —

Tesla slashes Model Y prices to accelerate US sales, as Chinese competitors close in amid intensifying electric vehicle market rivalry. #ElectricVehicles
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👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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4) Diamondback Eyes Endeavor Merger —

Diamondback Energy is reportedly in talks for a $25 billion merger with Endeavor Energy, potentially creating an oil giant. #EnergyMerger
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3) Palestinian Village Economy Stalls —

The closure of an Israeli checkpoint cripples the economy of a Palestinian village, highlighting the impact of geo-political decisions. #GeoPolitics
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2) China Advances in Chip Tech —

Despite U.S. sanctions, China appears to make headway in manufacturing more advanced semiconductor chips. #Semiconductors
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📰 BizToc.com Hourly News Flash

1) Shell Exits California Hydrogen Market —

Shell ceases operation of its hydrogen refueling stations in California, signaling a shift in the clean energy landscape. #Hydrogen
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👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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4) German Office Property nosedives —

Germany sees a record decline in office property, accelerating concerns in real estate markets. #RealEstate
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3) Germany Economy Falters —

Amid global uncertainty, Germany's economy struggles with limited signs of an upcoming recovery. #EconomicCrisis
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2) China's BYD Rises as Tesla's Challenger —

BYD's rise as a competitive force in the EV market positions it as a serious rival to Tesla's dominance. #ElectricVehicles
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📰 BizToc.com Hourly News Flash

1) Amazon Eyes Continued Profit Expansion —

Amazon projects sustained profit growth into 2023, signaling strong performance and innovation. #Ecommerce
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👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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4) Novo Nordisk's Investment Spree —

Flush with success from Ozempic, Novo Nordisk is planning to reinvest billions annually till 2030. #NovoInvestments
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3) Markets Eye Responsible Stocks —

As the S&P 500 records new highs, a debate simmers about the true value of over-performing stocks. #SP500Valuation
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2) Disney Bets Big on Epic Games —

Disney's major stake in Epic Games signals a strategic push into the metaverse and beyond. #DisneyEpicInvestment
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📰 BizToc.com Hourly News Flash

1) Waymo's Fiery Vandalism Incident —

Waymo's driverless vehicle becomes target of arson in San Francisco's Chinatown, prompting police investigation. #WaymoArson
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Ben's Bites
Here are our top AI picks of this past weekend:

1/ OpenAI is on track to hit $2bn annualized revenue. And @OpenAI’s got the eyes on doubling this in 2025. Here’s a timeline of OpenAI’s revenue reports:

- $28M in 2022. This was before it started charging for @ChatGPTapp.

- August 29th 2023 - $1B in annualized revenue.

- October 12th 2023 - $1.3B in annualized revenue.

2/ Nvidia, the big dog in AI chips, is branching out into custom chips. The chip market is getting crowded and @nvidia wants to keep the throne by making personalized chips for AI companies. Here's our detailed summary: bensbites.beehiiv.com/p/nvid…
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