All articles tagged with #government grants
Quantum computing stocks jumped in premarket trading after a Wall Street Journal report that the Trump administration is awarding about $2 billion in grants to nine quantum firms in deals that include government equity stakes, lifting names such as Rigetti (RGTI), IonQ (IONQ), and D-Wave (QBTS) as the Commerce Department and related agencies weigh state involvement.
GM backed out of its EV lease credit plan due to political pushback, while Ford is halting F-150 Lightning production because of aluminum supply issues caused by a fire at Novelis. Additionally, GM has reversed its plan to extend EV lease discounts, and nearly $1.1 billion in federal grants to GM and Stellantis may be rescinded due to funding cancellations. Despite these challenges, more affordable EV options are now available, with prices under $40,000.
British vehicle manufacturing in the first half of 2023 hit its lowest level since 1953, excluding Covid shutdowns, due to tariff uncertainties and plant closures, though recent US-UK tariff reductions and government EV grants aim to boost the industry, which faces challenges in reaching future production targets.
The U.S. DOGE Service has lost control over the government’s process for distributing billions in federal funds, indicating a decline in its influence following Elon Musk’s departure from Washington.