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The Latest Breaking News from North America

LG-Magna JV Breaks Ground On Plant That Will Supply EV Parts To GM

An estimated 400 new jobs will be created at the 260,000 square foot factory, which is LG Magna e-Powertrain's first production base in North America.

InsideEVs

Magna-LG JV Taps GM As Foundational Customer For New Facility In Mexico

LG Magna e-Powertrain, a joint venture (JV) between LG Electronics and Magna International Inc (NYSE:MGA), marked the groundbreaking of its new plant in Ramos Arizpe, Mexico. General Motors Co (NYSE:GM) is the foundational customer for the new facility. The new facility will produce inverters, motors, and on-board chargers to support General Motors' electric vehicle (EV) production. The 260,000…

Benzinga

L’Oreal First-Quarter Sales up 13.5%

Cosmetics group L'Oreal reported better than expected first-quarter sales growth on Tuesday, citing strong demand in the US, Europe and mainland China as consumers brushed off concerns about inflation and snapped up high-end beauty products. Sales for the first three months of 2022 rose 13.5% on a like-for-like basis to…

Asharq Al-Awsat

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Halliburton's Q1 Results Surpass Expectations

Halliburton Co (NYSE:HAL) reported first-quarter FY22 revenue growth of 24.1% year-over-year to $4.28 billion, beating the consensus of $4.21 billion. Completion and Production revenue increased 25.8% Y/Y to $2.35 billion, and the corresponding operating income increased by 17.5% Y/Y to $296 million. Drilling and Evaluation revenue increased by 22.1% Y/Y to $1.93…

Benzinga

Why Ocugen Shares Are Trading Higher Today

Ocugen Inc (NASDAQ:OCGN) and Bharat Biotech have amended their co-development, supply, and commercialization agreement to expand Ocugen's exclusive territory to include the commercialization of Covaxin in Mexico. This gives Ocugen Covaxin commercialization rights for all of North America. Covaxin can be an ideal vaccination option for Mexico at this pandemic stage. As a whole…

Benzinga

For ‘Fantastic Beasts’ Series, a Case of Diminishing Returns

"Fantastic Beasts: The Secrets of Dumbledore” got off to a less than magical start in its first weekend in US and Canadian theaters. The third installment in the Harry Potter spinoff opened to $43 million in North America, according to studio estimates Sunday. It was enough to secure the film…

Asharq Al-Awsat

In Chicago, British foreign minister says Putin made ‘strategic error’ in thinking Ukraine invasion would fracture Western democratic alliances

CHICAGO — Russian President Vladimir Putin committed a major “strategic error” in believing his invasion of Ukraine would fragment Western democracies, the British foreign minister for Europe and North America said in Chicago this week.

Chicago Tribune

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Toyota To Launch SUV Of Revamped Crown Sedan: Reuters

Toyota Motor Corp (NYSE:TM) looks to launch a sport utility vehicle version of its Crown sedan for Japan, China, and North America, Reuters reports. The SUV, likely to come in a hybrid, plug-in hybrid, and full-electric models, looks to bring the 67-year-old Crown more with market trends. The hybrid will likely be…

Benzinga

Ericsson Shares Drop Post Q1 Results; Acknowledges DOJ Penalty, Russia Business Suspension

Telefonaktiebolaget L M Ericsson (NASDAQ:ERIC) reported a first-quarter FY22 sales growth of 11% year-on-year to SEK 55.1 billion. Group organic sales grew by 3% Y/Y, driven by Networks in North America, Europe, and Latin America. Organic sales in Networks rose 4% Y/Y, and Digital Services sales down by 2% Y/Y. It reported an…

Benzinga

Expanding drought leaves western US scrambling for water

Federal water managers are scheduled to host a virtual meeting to share their annual operating plan for the Rio Grande, one of North America’s longest rivers

The Independent UK

Lightning-sparked forest fires set to increase in North America

Weather conditions play huge role in which strikes start blazes in boreal forests of Canada and Alaska, research suggests

The Guardian - UK

Top UK minister pledges continued support for Ukraine on trip to Chicago Wednesday

“If [Russian President Vladimir] Putin thinks there will be a point in time when we get bored and just move on, he is sorely mistaken,” said James Cleverly, British Minister of State for Europe and North America.

Chicago Sun-Times

Honda To Launch 30 EVs Globally By 2030, Including Two Sports Cars

The automaker has pledged to invest approximately 5 trillion yen ($40 billion) over the next 10 years in electrification and software.

InsideEVs

Japan’s Honda Outlines Strategy to Forge Ahead on EVs

Honda is investing 5 trillion yen ($40 billion) over the next decade in research, especially to realize a major shift to ecological electric vehicles, the Japanese automaker said Tuesday. The products and services in the works will account for more than half of its 8 trillion yen ($64 billion) research…

Asharq Al-Awsat

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The Conversation

The discovery of two giant dinosaur species solves the mystery of missing apex predators in North America and Asia

The top predator of the Jurassic and Cretaceous landscapes was usually a species of meat-eating dinosaur. These predators walked on two legs, had powerful jaws lined with sharp teeth and included species from groups known as tyrannosaurs, spinosaurs and carcharodontosaurs.

The Independent UK

AP Week in Pictures: North America

APRIL 1 - 7, 2022

Benzinga

Toyota Adds New Jobs As EV Production Kicks Into High Gear

Toyota Motor Corp (NYSE:TM) said its North America division plans to boost electric vehicles production by adding 220 new positions to its Production Engineering Division. The new positions will serve as the go-between for design and manufacturing. The new jobs will be located in Georgetown and across Toyota's other manufacturing facilities in North America. …

Benzinga

Nova Mentis Is Looking To Treat Autism With Psilocybin

Nova Mentis Life Science Corp. (OTCQB:NMLSF) and the private college Toronto Institute of Pharmaceutical Technology have signed a contract for the production of psilocybin capsules. The company will supply the microdose capsules for a Phase 2A fragile X syndrome (FXS) clinical study. FXS, also known as Martin-Bell syndrome, is one…

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The Independent UK

Zoos hiding birds as avian flu spreads in North America

Zoos across North America are moving their birds indoors and away from people and wildlife as they try to protect them from the highly contagious and potentially deadly avian influenza

Benzinga

Farmmi Wins Multi-Product Order For Canada Export

Farmmi Inc (NASDAQ:FAMI) said one of its long-term customers placed a multi-product order for export to Canada's largest Asian supermarket group. The financial terms were not disclosed. The order is for Farmmi's dried Shiitake mushrooms and black Mu Er mushrooms. "North America continues to be one of the world's largest markets for fungi and…

Benzinga

Proterra Wins $26.5M Transit Bus Order From Pace Suburban Bus

Pace Suburban Bus has awarded Proterra Inc (NASDAQ:PTRA) a $26.5 million contract to acquire 20 Proterra ZX5 Max electric transit buses. Pace is a public bus service operator in North America. The 40-foot Proterra ZX5 Max features 675-kilowatt hours (kWh) of energy storage. The contract also includes two Proterra megawatt-scale fleet chargers. The procurement is…

InsideEVs

GM And Honda Announce Plans To Expand EV Relationship

Honda and GM will further expand their electric vehicle relationship with a new series of co-produced EVs to go on sale in North America beginning in 2027.

Motor1

Hertz Buying 65,000 Polestar EVs For Its Rental And Retail Fleet

Supporting the goal of becoming the largest EV rental fleet in North America.

Benzinga

From Pharma To Psychedelics, Robert Barrow, CEO Of MindMed: Meet Our Speakers

With over ten years of experience in the pharmaceutical industry, Robert Barrow, CEO of Mind Medicine Inc. (NASDAQ:MNMD) is someone who certainly knows the ins and outs of the business. Barrow joined MindMed in January 2021 as Chief Development Officer (CDO) but was later appointed as CEO and member of…

Benzinga

Penn National Launches theScore Bet Mobile Sportsbook, Casino In Ontario

Penn National Gaming Inc (NASDAQ:PENN) subsidiary, Score Digital Sports Ventures Inc, has officially launched theScore Bet mobile Sportsbook and Casino in Ontario. theScore Bet delivers a range of pregame and in-play bet types across all major sports leagues and events. The BET MODE feature allows fans to utilize theScore's deep data, stats, and…

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