Good morning, Term Sheet readers. Tech writer Danielle Abril here, filling in for Lucinda. I’ve been keeping an eye on the mysterious ghost kitchen. Ghost kitchens, or commissary kitchens that are geared toward delivery, first crossed my path when I heard that former Uber CEO Travis Kalanick had been quietly working on a new venture […]
){kind=link}
Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. Verizon announced a modest entry into the rural home Internet market with a service using its 4G LTE wireless network in three areas. The service is available starting on Thursday in Savannah, Ga., Springfield, […]
){kind=link}
Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. The U.K.’s statistics agency has confirmed that England was hit harder by COVID-19 than any other European country in the first half of this year, even adjusting for population size and other factors. Confronted […]
){kind=link}
Xpeng Motors, one of Tesla's rivals in China, is in talks to raise around $300 million in funding ahead of an initial public offering (IPO) in the U.S., two sources familiar with the matter told CNBC.
){kind=link}
Caterpillar said cost reduction and prioritized spending helped it offset a $1.4 billion decline in dealer inventories.
){kind=link}
Sales of Merck's blockbuster cancer drug Keytruda helped offset an 8% decline in revenue to $10.87 billion during the second quarter.
){kind=link}
IFC's unconventional shift has kept the company in business and not far behind its box-office sales from last year.
){kind=link}
Her silence isn’t good for her business, and wouldn’t be for yours either.
Big-time app developers are piling on to fight against the app store.