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U.S. draws more battery and EV manufacturing

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Japan’s Honda and South Korea’s LG have teamed up to build a $4.4 billion dollar lithium-ion battery plant for EV’s in the U.S.  

The new factory is a huge investment. But it’s still unclear where it would be built, reports mention it could be in Ohio, where there is already a large Honda factory.

And the Ohio Governor is cooperating with Honda and LG “to ensure that they choose Ohio for this new electric battery plant.” 

The goal for the companies is for the production capacity of 40 gigawatt hours, with the batteries to be used for Honda and Acura models across North America.

And lately, there’s also been a big push by the Biden administration to draw more battery and EV production to the united states.

Recently, Biden signed a $430 billion dollar climate, health care and tax bill, which also includes a section on Electric vehicles.

And it states that EV’s made outside of North America will not be eligible for tax credits.

White House Deputy National Climate Advisor Ali Zaidi said: Another day, another massive investment catalysed by President Biden’s bold climate agenda.

And U.S. Energy Secretary Jennifer Granholm said: “Big things happen when the public and private sectors work together.

And theirs been other policy changes too: 

The U.S. state of California announced that all new vehicles sold in the state by 2035 will either be electric or plug-in electric hybrids.

It seems new incentives by the government, are working to speed up America’s shift to electric vehicles.  

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Disney’s Drama

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What’s going on at Disney and why is the world’s largest entertainment company in trouble?

 
Dreams are a wish your heart makes, or at Disney, dreams are having a tough time of coming true.

After decades of turning children’s dreams into fantasies, the mouse-house is facing a crisis of leadership.

This Ticker Original looks at how the Walt Disney Company got here, and what happens next. #disney #bob iger

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The Tech Market Crash

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Since the Global Financial Crisis, tech companies have been riding high and making billions, so what happened?

 
It’s been a shocking year for tech companies. Riding high off the back of the pandemic, reality suddenly hit.

Across Silicon Valley, and spreading to Wall Street, the once darlings of the Nasdaq were suddenly hit hard.

So what happened, and where to from here?

This Ticker Original investigates. #snapchat #apple #tech stocks #nasdaq

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Shell delivers record 2022 profit

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Petrol company Shell has delivered a record $40 billion profit in 2022

It comes on the back of surging energy prices, and the war in Ukraine.

The company also reported a fourth-quarter profit of almost $10 billion, beating estimates.

The $40 billon in annual profit soared past the previous record of $31 billion in 2008.

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