Business Update

The carmaker will follow Tesla in making large batteries used by electric utilities, data centers and other businesses to handle fluctuations in power supply and demand. Source link

David Ellison told Lesley Stahl, one of three remaining correspondents for the news program, that he would respect the show’s editorial decisions after a tumultuous stretch. Source link

The trust fund for the program, which supports roughly 68 million Americans, is on schedule to be depleted in the next six years. Benefits could be cut on average by 22 percent. Source link

Elon Musk’s potential new status as a trillionaire demonstrates in real time why there has been such a rapid rise in the concentration of wealth at the top. Source link

Commerce Department data showed exports rose in April, slightly outpacing the growth in imports. Source link

Some analysts are wondering whether the market can absorb the artificial intelligence giant’s planned stock offering — along with those of SpaceX and Anthropic. Source link

As conflict ripples through the Persian Gulf, Dubai’s dependence on trade and travel has become an economic vulnerability. Source link

Oil prices fell after Israel and Iran agreed to halt strikes against each other, easing fears of a broader regional conflict that had briefly driven crude higher. Source link

The parasitic, flesh-eating fly has now been confirmed in cows, goats and dogs. Source link

With his friend Jim Drake, he built the Windsurfer, a sailboard that was cheaper and more portable than most sailboats. It became a global phenomenon. Source link