• 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

• 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

• 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 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 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

• 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

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• 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 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’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 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

• 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

• 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’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 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

• 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

• 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”

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