Nissan plans to warn UK ministers of a crisis in the car industry due to strict electric vehicle rules, risking jobs and competitiveness. The government quota scheme requires 22% of new car sales to be EVs, with fines of £15,000 per vehicle for non-compliance, leading to tensions between carmakers and the transport department. While the UK aims for all new cars to be fully electric by 2035, slowing growth in EV sales globally and waning consumer demand pose challenges for car manufacturers.
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Why GeneDx Holdings Stock Blasted 8% Higher Today
GeneDx Holdings (NASDAQ: WGS) saw its stock rise over 8% following a strong second-quarter earnings report that revealed nearly $103 million in revenue, a 49% year-over-year increase, driven by a 69% surge in exome and genome testing sales. This performance stood in stark contrast to the S&P 500's modest 0.3% decline. Want More Context? 🔎
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