CNBC
Celsius Withdraws Motion To Rehire CFO
- A court filing submitted Friday in the Southern District of New York states that the bankrupt cryptocurrency lender Celsius has dropped its plea to reinstate former CFO, Rod Bolger.
- The withdrawal notice was published just before a Monday, August 8 hearing to review it.
- A week ago, the company had approached Ex-CFO Rod Bolger to come back and work with Celsius in exchange for $92,000 monthly pay, prorated over a minimum of six weeks.
Reuters
GM, Toyota, Other Automakers Oppose US’s EV Bill: Report
- A group representing General Motors Co GM, Toyota Motor Corp TM, Volkswagen AG VWAGY, and others saw the U.S. Senate’s $430 billion bill jeopardizing the country’s electric-vehicle adoption targets for 2030, Reuters reports.
- “Unfortunately, the EV tax credit requirements will make most vehicles immediately ineligible for the incentive,” said the Alliance for Automotive Innovation’s chief executive, John Bozzella, adding the bill “will also jeopardize our collective target of 40-50% electric vehicle sales by 2030.”
- The group had warned that most EV models would not qualify for a $7,500 tax credit for U.S. buyers under the bill.
Wall Street Journal
CVS Said To Be Eyeing Bid For This At-Home Healthcare Tech Firm
- Healthcare and drug store chain CVS Health Corporation CVS is considering a bid for Signify Health, Inc. SGFY, the Wall Street Journal reported on Sunday, citing people familiar with the…
