Business Related

Business News – 06-14-2021

Vaccines cannot keep up with amount of Covid-19 cases across the world

  • The World Health Organization has reported that the amount of Covid-19 cases is spreading faster than vaccinations worldwide
  • Despite the amount of cases of the vaccine are tending to decline worldwide, the amount of deaths related to Covid-19 have not declined the same way

Reusable SpaceX rockets approved by Space Force for military operations

  • SpaceX has been approved by the Pentagon to launch a satellite for US national security into space with one of their reusable rockets
  • The reusable rocket that will be used in this mission is called GPS III SV05 and is planned to launch this Thursday
  • By using SpaceX’s reusable rockets, the Space force is estimating that they will save about $64 million

Powerhouse Private Sector companies Safran and GE are working to make a cleaner aircraft engine

  • Safran and General Electric’s aviation unit are now working together to produce an aircraft engine that may use hybrid technology and/or with hydrogen
  • GE and Safran could start testing these engines around 2025 and enter service for these engines around the mid 2030s

US Airports have seen 2 million screenings setting a record during pandemic

  • 2 million+ people have gone through a TSA screening last Friday and Saturday
  • This sudden demand for travel has kept prices for airfares, car rental prices, and hotel prices afloat

Ford and General Motors committed to the EV space but dealerships may have concerns

  • By 2035, General Motors aims to produce only Electric vehicles and have 30 new plug in vehicles by 2025 which will cost $27 billion
  • For Ford, by 2030 the company plans to have roughly 40% of their vehicles electric
  • Dealerships for these companies like the electric vehicle transition, but there are a few concerns
  • The dealerships have concerns about costs to be paid, impact on lucrative service department business and staff training

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.

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