Elon Musk Tells Tesla Employees It Will Be the 'Most Valuable Corporation On Earth' Sam Bankman-Fried To Enter Plea on Fraud Case, Twitter Should Feel Faster’: Today's Top Stories

Reuters

Elon Musk The much-needed peptalk was delivered to Tesla Inc (NASDAQ: TSLAEmail sent to employees by () employees as the stock is on track for closing 2022 as the worst-performing megacap stock.
Musk issued a rallying cry to employees, asking them to increase deliveries for the fourth quarter.
“Please be generous over the next few days, and offer to deliver if you can.” It will really make a difference!

Sam Bankman-Fried The former CEO of cryptocurrency exchange FTX will reportedly plead guilty to criminal charges that he defrauded investors, and misappropriated billions in customer funds.
The U.S. district judge will arraign the 30-year old on January 3, 2023. Lewis Kaplan Manhattan Federal Courtroom
Kaplan was appointed to the case following the recusal of the original judge due to a conflict in interest. Her husband’s law firm had advised FTX previously.

A U.S. appeals Court reopened a lawsuit charging Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google Companies that violate the privacy of children under 13 years old
Google and other companies are alleged to have tracked children’s YouTube activity without their parental consent in order to send them targeted ads.
According to the lawsuit, Google’s data collection was in violation of similar state laws. YouTube content providers such as YouTube were also accused. Hasbro Inc (NASDAQ: HAS), Mattel Inc (NASDAQ: MAT), Warner Bros. Discovery, Inc (NASDAQ: WBDCartoon Network, and Comcast Corp (NASDAQ: CMCSADreamWorks Animation lured children onto their channels.

Novartis AG (NYSE: NVSThe company () will pay $245million to stop antitrust litigation in which it was accused of trying to delay U.S. launches of generic Exforge products. Exforge is a treatment for hypertension that lowers blood pressure and reduces the risk of strokes.
Novartis and Endo International Plc’s (OTC: ENDPQPar Pharmaceutical accused the parties of entering into an illegal “reverse-payment” agreement in order to delay generic Exforge versions for two years following expiration of patent.

China’s State Administration for Market Regulation said reportedly Honda Motor Co Ltd (NYSE: HMC) would recall 200,000 hybrid vehicles.
This recall is due to faulty brake pedal sensors in certain vehicles. It is caused by the lubricating oils.
Honda’s joint venture with Honda produced 105,608 hybrid cars for the callback. Dongfeng Motor Group Co From October 8, 2018 to September 7, 2020.

Wall Street Journal

Amazon.Com Inc (NASDAQ: AMZN) warehouse in Moreno Valley, California, or ONT8, failed to garner enough proof of support for federal officials to call an election, to the disappointment of its thousands of workers.
Nannette Plascencia, ONT8, stated that she faced many obstacles while trying to organize her co-workers.
Plascencia also mentioned that Plascencia had spoken to some former workers. Amazon claims that many employees who leave work return to apply for jobs.

Consumers are spending more, but with a cautious approach. These are the top food-delivery apps, DoorDash Inc (NYSE: DASH) and Uber Technologies Inc (NASDAQ: UBERUber Eats.
People are switching to in-store pickups. They can order fewer dishes and change what they get delivered.
Prabir Adarkar, DoorDash’s CFO, stated that delivery was still a part of daily life for people who have just changed their behaviour in response to the pandemic.

Financial Times

Exxon Mobil Corp (NYSE: XOM) has reportedly sued the European Union to remove the bloc’s new windfall tax on oil groups.
High oil prices have prompted increased tax calls for the oil sector, as record quarterly profits were reported by oil companies.
Exxon spokesperson Casey Norton said that the windfall profits tax is “counter-productive,” discourages investments, and undermines investor confidence.

Bloomberg

China decided to increase supervision of its failing online education sector.
China’s action showed its inability to prepare for the privat tutoring market despite the loosening of restrictions on tech giants.
After the Ministry of Education issued a new set of restrictions, Edtech companies fell after they were unable to pay for private tutoring services. These restrictions limit fees and operating hours for students in primary and secondary schools.

Taiwan Semiconductor Manufacturing Company Ltd (NYSE: TSMThursday saw the start of mass production of next-generation chips. This ensured that the island is still the key to critical technology.
The primary chipmaker Apple Inc (NASDAQ: AAPL) began bulk production of advanced 3-nm chips at its Tainan campus in southern Taiwan.

BYD Company, Ltd (OTC: BYDDF) (OTC: BYDDYDespite signs of cooling in automobile demand, ) raised the price of its Dolphin model and scrapped the entry-level version.
Warren BuffettBYD, a BYD-backed company, stated that 2023 pricing would be as follows: 116,800 Yuan ($16.745) for the Dolphin subcompact hatchback and 136,800 Yuan for the full model.

Benzinga

Sikorsky?, Lockheed Martin Corp (NYSE: LMT) company, filed a formal protest asking the U.S. Government Accountability Office (GAO) to review the U.S. Army’s decision on the Future Long-Range Assault Aircraft (FLRAA) contract.
Lockheed Martin Sikorsky has challenged the FLRAA decision based on an extensive review of the Army’s feedback.
According to the company, the discussions and data show that proposals were not consistently evaluated.

For those Twitter Users are experiencing difficulties with login and malfunctioning alarms Elon Musk Microblogging site should feel “faster” right now, says one user.
Musk shared on Twitter that a “significant” new backend server architecture was created hours after #TwitterDown became a trending topic on the platform, as users complained about site issues.

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