Salesforce, Inc (NYSE: CRM) informed employees about helping them move for access to abortions or other medical procedures following an expected ruling from the U.S. Supreme Court to strike down Roe v. Wade. Of the 50 U.S. states, 26 would or are likely to ban abortion if the court strikes down Roe. Salesforce and other large tech companies have committed to covering travel costs for their workers who may need to travel for abortions.
Toshiba Corp (OTC: TOSYY) bagged interest from 10 potential investors after canvassing buyout offers, Reuters reports. The deadline for submitting non-binding proposals is May 30. Long under pressure from activist shareholders, the Japanese conglomerate also announced a special dividend worth $545 million for the second consecutive year.
Nissan Says Too Early To Predict EV Unit Spin-Off
Nissan Motor Co (OTC: NSANY) thinks it is too early to say whether it will spin off its electric vehicle (EV) business division, Reuters reported, citing a senior executive of the Japanese automaker. “It’s too early to consider because of our diversified market portfolio and diversified product portfolio,” the report quoted COO Ashwani Gupta. Meanwhile, in April, Renault SA (OTC: RNLSY) said it is considering options to separate its EV business, including a possible public listing as it tries to capture the growing EV market.
Micron Technology, Inc (NASDAQ: MU) experimented with a new pricing model for its chips called forward pricing agreements, Reuters reports. The agreements aim to stabilize the steep price fluctuations that afflict the industry. Micron won a top 10 customer on this model with over $500 million a year of revenue for a three-year agreement.
The Biden administration has canceled plans to auction drilling rights in two regions in the Gulf of Mexico and one off the coast of Alaska, writes Wall Street Journal. The decision leaves oil-and-gas companies facing a blackout period of unknown length for access to new drilling spots in offshore acreage. A five-year schedule for offshore lease sales expires at the end of next month, and the Interior Department has yet to p
Rivian Automotive, Inc (NASDAQ: RIVN), for the first time, recalled 502 battery-powered pickup trucks over potentially faulty airbags that could pose a safety risk to children in the front passenger seat, the Wall Street Journal reports. The National Highway Traffic Safety Administration found that Rivian’s front passenger airbag may not perform appropriately during a crash because of a calibration error in the seat assembly. In March, Rivian found sensors designed to detect whether a child or a child seat was in the front passenger seat did not work correctly.
Samsung Electronics Co, Ltd (OTC: SSNLF) negotiated with foundry clients over a 20% hike for manufacturing semiconductors to beat multiple macro risks like the Ukraine crisis, lockdown in China, rising interest rates