News

A Tesla Cybertruck owner in California had a rude awakening when their electric vehicle, despite CEO Elon Musk's past claims of its amphibious capabilities, became submerged in Ventura Harbor while attempting to launch a jetski. The incident, which required a multi-agency rescue effort, serves as a stark reminder that the Cybertruck is not a certified boat and should not be treated as such.

American Eagle Outfitters reported fourth-quarter earnings in line with analyst expectations, with comparable sales growth of 3% and a healthy inventory position. However, the company's outlook for the coming year includes a decline in revenue and gross margin, leading to a drop in share price after-hours.

An NIH clinical trial found that SIGA Technologies' antiviral drug tecovirimat did not accelerate healing or significantly relieve pain for clade II mpox infections compared to a placebo. Consequently, the trial was halted due to the ineffectiveness identified during interim analyses, aligning with similar findings from another study conducted in the Democratic Republic of the Congo.

EVgo Inc. (EVGO) is expected to experience significant revenue growth in the coming years, driven by increased charger utilization, higher charge rates, and a growing network footprint. However, the stock has been weighed down by concerns about potential impacts from Trump's economic policies, the future of EV funding programs, and the safety of its Department of Energy loan.

The U.S. Securities and Exchange Commission (SEC) is expected to postpone approval decisions on crypto ETFs until new leadership, potentially under Paul Atkins, is officially confirmed. Analysts predict eventual approvals within the year or by mid-2024, though historically the SEC has delayed cryptocurrency ETF applications significantly.