Tesla Inc. CEO Elon Musk said on Thursday Giga Texas would, over time, draw $10 billion in investments and generate at least 20,000 direct jobs. What Happened: Musk replied to a Twitter post revealing the large investment and employment capabilities that the upcoming Giga Texas can deliver once it starts operations. Musk added that Giga…
Elon Musk Says This Is How Much Tesla Expects to Spend on Giga Texas Over Time
Texas Governor Confirms Border Wall Construction Has Officially Started
Texas has officially started building its own state-funded border wall, confirmed Gov. Greg Abbott on Friday. “Texas has officially started building its own border wall,” he wrote Friday, while asserting that President Joe Biden’s immigration policies allow for an “open border” since he took office in January. Biden, the Republican governor added, also “refuses to…
Stocks Slide, Safe Havens Gain as Omicron Worries Weigh
December 17, 2021
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NEW YORK—Global stock benchmarks and oil prices fell on Friday while safe havens such as the dollar and Treasury bonds rose as investors wrestled with a hawkish turn from major central banks in the fight against inflation and rising numbers of Omicron cases. Asian shares closed near lows for the year and broad-based European stock…
Biden’s Health Care Worker COVID-19 Vaccine Mandate Now Blocked in Texas
December 17, 2021
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The federal government’s COVID-19 vaccine mandate for health care workers cannot go into effect in Texas, a federal judge ruled this week. The Department of Health and Human Services’s (HHS) Centers for Medicare & Medicaid Services (CMS) issued the mandate last month despite not having clear authority from Congress to do so, U.S. District Judge Matthew…
Musk Says Tesla’s Texas Factory Is $10 Billion Investment Over Time
Tesla Inc Chief Executive Officer Elon Musk said on Thursday that the electric carmaker’s new vehicle factory in Austin, Texas would involve an investment of more than $10 billion over time. Public filings last month showed that the company was planning to spend more than $1 billion on the factory and intended to complete its…
Supreme Court Sends Texas ‘Heartbeat’ Abortion Law Appeal to the 5th Circuit
The Supreme Court issued a procedural ruling late Dec. 16 that will prolong the ongoing litigation over the Texas “heartbeat” law that bans abortions after six weeks of gestation and crowdsources enforcement to members of the public. The brief order, signed by Justice Neil Gorsuch, sends the case to the New Orleans-based U.S. Court of…
Texas AG Probes Drug Manufacturers for Advertising Puberty Blockers to Minors
Texas Attorney General Ken Paxton has launched a probe into two pharmaceutical companies that allegedly advertised and promoted puberty-blocking drugs to minors who suffer from gender dysphoria. The medications in question include Supprelin LA and Lupron Depot, which are federally approved to treat children with Central Precocious Puberty (CPP), or premature puberty. Another drug, Vantas,…
Texas Governor Tells Defense Secretary COVID-19 Vaccine Mandate on National Guard Won’t be Enforced
Texas Gov. Greg Abbott on Thursday informed Defense Secretary Lloyd Austin that the Pentagon’s COVID-19 vaccine mandate won’t be imposed on National Guard troops in Texas. “As governor of Texas, I am the commander-in-chief of this state’s militia,” Abbott, a Republican, wrote in a letter (pdf) to Austin, a Biden nominee. Abbott has ordered Major…
Texas Grid May Not Be Ready for Another Winter Storm, Some Experts Fear
While Texas has passed legislation to strengthen the state’s electricity grid after a devastating winter storm last February, some in the energy sector worry that the state might not be ready if a similar storm strikes this winter. Jason Modglin, president of the Texas Alliance of Energy Producers, said positive steps have been taken by…
World Shares Advance After Fed Steps Up Stimulus Pullback
December 16, 2021
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Stocks have climbed in Europe and Asia, tracking Wall Street’s gains, after the Federal Reserve said it would accelerate its pullback of economic stimulus. Shares surged in Paris, Frankfurt, London, and Tokyo. New York futures and oil prices also advanced. The Fed said it would likely raise interest rates three times next year to tackle…
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