Business News – 5-24-2021

Peloton plans to invest $400 million to build its first U.S. manufacturing facility

  • In Troy Township, Ohio, Peloton is going to invest $400 million to build its very first manufacturing factory in the U.S.
  • By 2023, Peloton plans to be producing equipment at this factor and has plans to break ground later this summer
  • In regards to Job expectations, Peloton thinks that this facility will bring more than 2,000 jobs to the Troy Township area
  • For the company, demand has heightened and overseas shipments have been delayed

Seventy Percent of adults in Nine states have at least partially vaccinated against U.S. Covid cases

  • The seven day average of new daily Covid cases is now down 24 percent in comparison to last week
  • About 49% of the population in the U.S. has received at least one of the shots paired with a 39% fully vaccinated population, 61% are partially vaccinated out of those who are ages 18 and older nationwide 
  • This Sunday (5.24.2021), New Mexico has become the 9th state to report 70% of adult residents are partially vaccinated in joining New Hampshire, Massachusetts, Maine, Connecticut, New Jersey, and Rhode Island

Lately, there has been growing evidence that Covid may have originated in a lab

  • Evidence that Covid-19 originally leaked from a Wuhan virology lab is growing, Dr. Scott Gottlieb told CNBC on Monday
  • With other coronaviruses, SARS and MERS, researchers were able to identify the animal those diseases emerged from at this point in those outbreaks
  • Global health officials will meet soon to further investigate the origins of the virus

Virgin Galactic completes first spaceflight in over two years, in step toward finishing development

  • Virgin Galactic took a step closer to completing development of its space tourism system on Saturday
  • “It was flawless,” Virgin Galactic CEO Michael Colglazier told CNBC about the flight
  • Virgin Galactic’s spacecraft Unity is designed to hold up to six passengers along with the two pilots

Breeze Airways becomes the second new U.S. airline in a month

  • Breeze Airways is the second new U.S. carrier in less than a month, after Avelo debuted last month
  • The carrier is the fifth airline started by JetBlue Airways founder David Neeleman
  • Flights start May 27, and the carrier will add others through late July

A city in Australia worth $68 billion wants to become the next Silicon valley

  • Greater Springfield is Australia’s first privately built city and the world’s tenth largest master planned city
  • Designed around the pillars of technology, health and education, the smart city’s property tycoon founder wants it to become the next Silicon Valley
  • With an emphasis on sustainability, Greater Springfield aims to produce more energy than it consumes by 2038

By K Buenavista

Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.