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Among automakers, Tesla (TSLA), Ford (F), and GM have low ratings for their partially automated systems. (00:25) Department of Defense Announces Ending $2.5 Billion Intel (INTC) Grant Program: Report. (01:44) Boeing (BA) Impact: Airlines brace for aircraft delivery delays. (02:55)
This is a summary transcript of the podcast.
Partial driver automation systems from major automakers such as Tesla (NASDAQ:TSLA), Ford (NYSE:F), and General Motors (NYSE:GM) have received lukewarm reviews in research, with It has been pointed out that in most cases, appropriate measures have not been taken. To prevent misuse and maintain driver concentration.
A study by the Insurance Institute for Highway Safety found that approximately 14 partial driver automation systems from BMW (OTCPK:BMWYY), Ford, General Motors, Genesis, Lexus (TM), Mercedes-Benz (OTCPK:MBGAF), and Nissan (OTCPK:NSANY) I tested it. ), Tesla, and Volvo (OTCPK:VOLAF), only one of which received an acceptable rating. Two were rated “marginal” and 11 were rated “poor.”
“While some drivers may find partial automation makes long-distance driving easier, there is little evidence that it makes driving safer,” said IIHS President David Harkey.
The IIHS study found that the Teammate system available on the Lexus LS was the only system tested that earned an acceptable rating. Meanwhile, the GMC Sierra and Nissan Ariya received only marginal reviews.
The Ford Mustang Mach-E, Genesis G90, Mercedes-Benz C-Class sedan, Tesla Model 3, and Volvo S90 received poor ratings, and in some cases, multiple versions of partial automation were evaluated, the study found. are doing.
The Pentagon has reportedly canceled plans to provide $2.5 billion in subsidies to semiconductor giant Intel (NASDAQ:INTC).
The decision leaves the U.S. Department of Commerce, which is responsible for funding under the American Chips and Science Act, to make up the shortfall, Bloomberg reported, citing people familiar with the situation.
The Commerce Department originally planned to cover only $1 billion of the $3.5 billion Intel was scheduled to receive for advanced defense and intelligence semiconductors.
The deal would position Intel as a dedicated supplier of processors used in military and intelligence applications and could include secure enclaves within Intel chip factories, the news agency said.
The amount Intel and other companies receive from the CHIP Act could change, with the Pentagon reportedly pulling out.
Intel CEO Pat Gelsinger said last month that the company would receive the award from the U.S. government “soon,” but did not provide an exact timeline.
Intel shares rose 0.8% on Tuesday, but fell 1.3% in premarket trading on the news.
Santa Clara, California-based Intel did not immediately respond to Seeking Alpha's request for comment.
As Boeing (NYSE: BA)'s quality problems worsen, major U.S. airlines are now reducing expected aircraft deliveries or considering switching to competing aircraft manufacturers to meet their goals. ing.
United Airlines (UAL) has asked Boeing (BA) to halt production of the 737 Max 10 as it considers ordering a smaller version of the plane from Airbus (OTCPK:EADSF). The announcement comes after a fuel leak on a 777-300 flying from Sydney to San Francisco this week, as well as incidents on three of the company's flights last week.
And on Tuesday's Wall Street Lunch, we reported that Southwest Airlines (LUV) said it plans to reduce capacity due to revised Boeing (BA) delivery forecasts.
This year's incidents have placed Boeing (BA) under even more scrutiny since two fatal crashes involving 737 Max planes in 2018 and 2019.
The National Transportation Safety Board will hold hearings on August 6 and 7 to investigate the mid-air explosion on an Alaska Airlines (ALK) flight in January.
Other notable articles on Seeking Alpha:
US federal budget deficit to rise to $296 billion in February
BYD announces low-priced version of electric hatchback “e2”
CME Group Announces Submission of Application to Start Clearing U.S. Treasury Debts
In Catalyst Watch of the day,
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Starbucks Corp. (SBUX) will hold its annual shareholder meeting, which is expected to conclude a proxy fight for a seat on its board of directors with a prominent labor group.
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Kraft Heinz (KHC) will debut its plant-based products NotHotDogs and NotSausages at the Natural Products Expo West Show in Anaheim, California. The company will work with its joint venture partners to bring plant-based Oscar Mayer products to retail stores nationwide later this year.
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The full U.S. House of Representatives is scheduled to vote on a bill that would force ByteDance to sell TikTok, or the app would be banned.
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MDU Resources Group (MDU) will host an Analyst & Investor Day event.
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Colgate Palmolive (CL) executives participate in a fireside chat at the UBS Global Consumer and Retail Conference.
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Alteryx (AYX) holders vote on sale to Clearlake.
Wall Street ended solidly higher on Tuesday.
The Nasdaq (COMP:IND) rose 1.54% and the S&P 500 (SP500) rose 1.12%. The Dow Jones Industrial Average (DJI) rose 0.61%.
Seven of the S&P's 11 sectors finished in the green, led by the tech, communications services and consumer discretionary sectors.
Now let's take a look at the market price as of 6am. Dow, S&P, and Nasdaq futures are mixed ahead of today's opening bell. Crude oil rose 1.3% to more than $78 a barrel. Bitcoin rose 2% to over $73,000.
In global markets, the FTSE 100 rose 0.2% and the DAX rose 0.1%.
The biggest pre-market mover of the day was Beauty Health Company (NASDAQ:SKIN), despite reporting a quarterly loss and giving a cautious outlook for the first quarter and fiscal year 2024. rose 18% following strong fourth quarter results.
Today's economic calendar:
