Nissan plans to invest $17.6 billion over 5 years towards EVs
- Over the course of 5 consecutive years, Nissan plans to invest about 2 trillion yen or $17.6 billion US into efforts related to electric vehicles
- On November 29, Nissan said that the company would aim to roll out 23 new electric car models by 2030, and 15 of which will be fully-electric
- The firm is also planning to introduce all-solid-state batteries, or ASSB, to the market by 2028
Box office sites crash as demand for Spider-Man: No Way Home tickets surge
- At 12 AM EST, tickets for Marvels “Spiderman: No Way Home” film went on sale and the amount of ticket requests crashed domestic box office sites
- Box office analysts say that this amount of anticipation for a film has not happened since 2019 when advanced ticket sales for Avenger’s Engame and Star Wars: The Rise of Skywalker came on sale
Price of oil increases after experiencing heavy losses Nov. 26
- On November 29, oil prices increased which helped to recoup part of the heavy losses on Friday, November 26
- The incitial drop in price was prompted by fears that teh new omicron Covid variant would curb demand for petroleum products
- West taxas Intermediate crude futures gainied about $2.72 (4%) on November 29, to trade at $70.87
Lululemon files patent lawsuit against Peloton for copying sports bras and leggings designs
- In a growing feud over the designs of its sports bras and legging, Lululemon has filed a patent lawsuit against Peloton
- On November 29, in the case filing, Lululemon said it is seeking control against Peloton’s infringement of its intellectual property rights
- Peloton has said that its own athletic apparel merchandise is easy to decipher from Lululemon’s but there is still much debate as Lululemon says Peloton has infringed on 6 of its patented designs
