Lucid Cuts 18% of U.S. Workforce and Eliminates COO Role to Cut Costs
The restructuring is expected to deliver $158 million in annual cost savings.
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The restructuring is expected to deliver $158 million in annual cost savings.
The deal would boost Qualcomm’s AI software capabilities and challenge NVIDIA’s dominance in AI inference.
Avis Budget Group has reached a $650 million settlement with Pentwater Capital to resolve its short-swing profits lawsuit. The agreement is subject to court approval.
AeroVironment stock fell after it found an accounting error, overstating assets and losses, requiring a report restatement.