Virgin Galactic shares fall after another quarterly loss, no date set for next spaceflight test
Virgin Galactic delivered first quarter results after the market closed on Monday, announcing that it has yet to set a target date for its next spaceflight test, which the company previously planned for this month
The space tourism company reported an adjusted EBITDA loss of $55.9 million, down from a loss of $59.5 million in the previous quarter
The stock has fallen 24% year to date – having dropped more than 70% from highs above $60 a share hit in February
NBC will not air 2022 Golden Globes as it presses for faster diversity reforms
NBC is pushing the Hollywood Foreign Press Association, which hands out the awards, for quicker changes to boost diversity within its ranks
WarnerMedia, Netflix and Amazon Studios have refused to participate in any more HFPA events until the organization demonstrates it is heading toward real and lasting reform
Ford names new F-150 electric pickup Lightning with plans to reveal it May 19
Ford’s upcoming all-electric F-150 pickup truck will be called Lightning and the name was used by the automaker for street performance trucks in the 1990s and early 2000s
The F-150 Lightning will be unveiled at 9:30 p.m. EDT on May 19 at the company’s world headquarters in Dearborn, Michigan
FDA permits use of the Pfizer-BioNTech Covid vaccine in kids ages 12 to 15
The FDA approved Pfizer and BioNTech’s request to allow their Covid-19 vaccine to be given to kids ages 12 to 15 on an emergency use basis
The agency granting use of the shot in younger age groups will accelerate the nation’s efforts to drive down infections, experts say
It will also allow middle school-aged students to get vaccinated before school starts this fall
Ford recalls 661,000 Explorer SUVs in North America
Ford Motor is recalling 661,000 Explorer sport utility vehicles in North America at the request of U.S. regulators
Retention pins could loosen and allow roof rail covers to detach from the vehicle and the recall covers 2016 through 2019 model year vehicles
U.S. opens probe into steering problems in 1.1 million Honda Accord sedans
The U.S. government’s auto safety agency is investigating multiple complaints about steering failures that could affect more than 1.1 million Honda Accord sedans
Owners complained about a loss of steering control and the cars veering from their intended travel path. Two crashes and two injuries were reported
In documents posted Monday, the National Highway Traffic Safety Administration says it received 31 complaints about the problem, and Honda has 77 more
Owners complained about a loss of steering control and the cars veering from their intended travel path
U.S. Covid cases down 30% over past two weeks as country averages 2 million shots per day
The rate of average daily new Covid cases in the U.S. fell to below 41,000 over the weekend, down 30% from two weeks ago and the lowest level since September
CDC data shows that the country is averaging 2 million vaccinations per day over the past week, down from the peak level of 3.4 million daily shots on April 13
Roku is offering a ‘pretty good entry point’ after blowout earnings, trader says
Roku’s riveting earnings report has some traders doubling down on the streaming stock
Roku in the first-quarter report posted its highest revenue growth rate since its 2017 IPO
Loop Capital Markets upgraded the stock to a buy with a $450 price target after the results, citing its impressive platform growth, increasing market share and the overall shift to digital streaming
Chipotle to hike wages, debut referral bonuses in attempt to hire 20,000 workers
Chipotle said it will increase restaurant wages resulting in a $15 average hourly wage by the end of June, as it looks to bring on 20,000 workers
Starting pay for hourly crew members will range from $11 to $18 an hour and there are opportunities to advance to general manager positions with average annual pay of $100,000
Chipotle CEO Brian Niccol said the current labor market is among the most challenging he’s seen in his career in the restaurant industry
The company has also introduced employee referral bonuses of $200 for crew members and $750 for apprentices or general managers
Fauci says face masks could become seasonal after Covid pandemic
White House chief medical advisor Dr. Anthony Fauci said Sunday that people may wear masks during certain seasons when respiratory illnesses are more prevalent
“We’ve had practically a non-existent flu season this year […],“Fauci said
His comments come less than a month after the Biden administration announced a relaxation of federal guidance on wearing masks outdoors
SpaceX accepts Dogecoin as payment to launch ‘DOGE-1 mission to the Moon’ next year
Elon Musk’s SpaceX will launch the “DOGE-1 Mission to the Moon” in the first quarter of 2022, with the company accepting the meme-inspired cryptocurrency as payment
Geometric Energy Corporation announced the dogecoin-funded mission on Sunday, with DOGE-1 representing a 40 kilogram cube satellite flying as a payload on a Falcon 9 rocket
SpaceX vice president of commercial sales Tom Ochinero said in a statement that DOGE-1 “will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce”
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.
