Musk begins testifying in defense of Tesla’s $2.6 bln deal for SolarCity
WILMINGTON, Del., July 12 (Reuters) – Elon Musk took the stand on Monday to defend Tesla Inc’s (TSLA.O) 2016 acquisition of SolarCity against a lawsuit by shareholders seeking to recoup the $2.6 billion the company paid for the ailing solar panel maker. “Pretoria, South Africa,” said Musk, responding to the first question of where he was born. […]
U.S. removes Xiaomi from blacklist, reversing late China jab by Trump
The U.S Department of Defense will remove China’s Xiaomi Corp (1810.HK) from a government blacklist, a court filing showed, marking a noteworthy reversal by the Biden administration of one of Donald Trump’s last jabs at Beijing before exiting office. The filing stated that the two parties would agree to resolve their ongoing litigation without further contest, bringing […]
