The Japanese Aerospace Exploration Agency (JAXA) was forced to abort the first-ever launch attempt of its powerful new H3 rocket on Feb. 16 after secondary booster engines failed to ignite—the latest in a series of delays that have plagued the rocket project. The test flight was conducted on Thursday evening at Japan’s Tanegashima Space Center…
New Apple Settlement Could Lead to Payout for MacBook Owners: See If You’re Eligible
The deadline to claim upwards of $395 for a payout of up to $400 following an Apple Inc. class-action settlement is fast approaching. It says that a design flaw in the laptops made between 2015 and 2019 led to a litany of problems before Apple agreed to settle the claims last year. A lawsuit alleged that MacBook…
Pfizer Drops Half of Participants From Vaccine Trial After Rules Broken
Pfizer is dropping a significant portion of participants from a phase 3 vaccine trial, the company announced on Feb. 17. Approximately half of the participants are being discontinued from the trial, which is examining the safety and efficacy of an experimental vaccine against Lyme disease, Pfizer and Valneva, a French company, said in a joint…
US, EU Must Bolster Energy Supply Networks Before Next Winter, Panelists Urge at House Hearing
February 17, 2023
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While the United States and friendly European Union powers have taken important steps toward energy independence in the year since the Kremlin’s invasion of Ukraine, much critical infrastructure is still not in place and the aligned nations have a great deal of work to do to ensure the security and accessibility of their energy supplies…
Bird Flu Continues to Spread Worldwide, Threatening Poultry Supplies
February 17, 2023
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Bird flu continues to spread across the globe, threatening stocks of poultry supplies. The disease is extremely deadly to poultry, so much so that entire flocks are often culled even when only one bird tests positive. The avian-borne virus has spread for the first time to several wild bird species that can transmit the virus…
South Korea’s LG Chem Acquires Stake in US Lithium Firm
February 17, 2023
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Asia & PacificBusiness & MarketsCompanieseconomic policieseconomyenergyEnvironmentInvestmentLG ChemPiedmont LithiumScienceSouth KoreaTechUSUS NewsWorld
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South Korean chemical firm LG Chem said on Friday that it had acquired a stake in U.S. mining company Piedmont Lithium Inc. for $75 million in a bid to secure raw materials needed for its manufacturing of electric-vehicle (EV) batteries. The equity investment provides LG Chem with a 6 percent stake in Piedmont, which holds…
Mercedes-Benz to Buy Back up to 4 Billion Euros in Shares by 2025
BERLIN—Mercedes Benz said on Thursday it plans to buy back up to 4 billion euros ($4.28 billion) of its shares over two years from March 2023. Shareholders Beijing Automotive Group and Geely had agreed to divest their shares on a pro-rata basis concurrently with the share buyback to keep their stakes in the company below…
YouTube CEO Wojcicki, One of the First Google Employees, Steps Down
YouTube Chief Executive and one of the first Google employees, Susan Wojcicki, is stepping down from her role at the tech giant that started in her garage nearly 25 years ago, she said in a personal update on the video-sharing platform on Thursday. Wojcicki, 54, will be replaced by her deputy Neal Mohan, a senior…
Airbus Sees Profit Boost, but Defense and Space Challenges
PARIS—Airbus is urging stepped-up European cooperation to ensure the continent’s security and future access to space after a year that saw the company suffer fallout from Russia’s war in Ukraine and the crash of a European satellite launcher. The France-based plane maker on Thursday reported a record overall 2022 profit of 4.25 billion euros ($4.55…
Tesla Recalls 362,000 US Vehicles Over Full Self-Driving Software
WASHINGTON—Tesla Inc. said it would recall 362,000 U.S. vehicles to update its Full Self-Driving (FSD) Beta software after U.S. regulators said on Thursday the driver assistance system did not adequately adhere to traffic safety laws and could cause crashes. The National Highway Traffic Safety Administration said the Tesla software allows a vehicle to “exceed speed…
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