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Twitter has accepted Elon Musk’s buyout offer.  Musk is purchasing the social media giant for $54.20 per share, or about $44 billion. The Tesla chief will take the company private, and also said he planned to upgrade Twitter by protecting free speech, open-sourcing algorithms, fighting spam bots and "authenticating all humans."  Twitter's board unanimously approved the acquisition. The deal is expected to close sometime in 2022, although that will hinge on approvals from both regulators and shareholders.

 

Shares of Coca-Cola are higher after the company beat expectations on the top and bottom line in the most recent quarter. The beverage giant reported adjusted earnings of 64 cents per share on revenues of $10.5 billion, while analysts expected 58 cents per share on $9.83 billion in revenue.

 

Ford Motor is set to be the first automaker to bring a mainstream, full-size electric pickup to the U.S. market, poised to capitalize on a first-mover advantage in what’s expected to be a hotly contested segment in the years to come.  Ford CEO Jim Farley said the company plans to scale production of their electric F-150 Lightning pickup faster than their competitors, with plans to increase production of the Lightning at a plant in Dearborn, Michigan, to 150,000 units in the next year or so, up from an initial target of 40,000 vehicles.  That would dwarf plans of Rivian Automotive and General Motors, which are expected to be in the tens of thousands.

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