Comment on Ridesharing IPOs and $850M for Luckin, Plaid and Zymergen

“It’s like you’re at the halfway mark, staring down deadlines but the weekend’s still too far off to feel any relief.” Wednesday, affectionately known as “Hump Day,” seems like a positive milestone during the week. You’re halfway to the weekend, right? But could this seemingly innocuous day be more stressful than a Monday?

A new bill would prevent Clear customers from jumping to the front of the queue at security checkpoints. But Delta, United, and other carriers aren’t on board. California could become the first state to transform backlash to services offering front-of-queue privileges into a law that targets TSA line-jumpers.

Buried in the earnings release, Tesla did something it doesn’t typically do: It gave investors some firm dates on near-term plans. There’s very little good news in Tesla’s Q1 earnings. Earnings per share and revenues both missed analyst expectations. Vehicle deliveries were at their lowest level since the third quarter of 2022.

Employees and suppliers were left blindsided after the Chicago-based grocery startups, which recently merged, abruptly shut down and laid off workers. Foxtrot and Dom’s Kitchen & Market, two popular Chicago-based grocery startups, abruptly ceased operations on Tuesday. The news comes five months after the two businesses announced they were merging into one entity, Outfox Hospitality.

The Traffic Coordination System for Space is designed to rely on minimal government infrastructure and will run on the AWS cloud. Government IT projects are known for being challenging, and one of the biggest currently underway is the U. S. effort to forge a civil space traffic coordination platform.

By TOM KRISHER and DAVID HAMILTON (AP Business Writers) Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. The Austin, Texas, company said it made $1.13 billion from January through March compared with $2.51 billion in the same period a year ago. Investors and analysts were looking for some sign that Tesla will take steps to stem its stock’s slide this year and grow sales.