Microsoft Partners With GM’s Cruise On Self-Driving Cars
General Motors and Microsoft shares moved higher after the two companies announced a partnership for self-driving cars. Microsoft has agreed to join other institutional investors, GM and Honda on a more than $2 billion new equity investment in Cruise, GM’s majority-owned self-driving car segment. Q4 2020 hedge fund letters, conferences and more Details on Microsoft's self-driving car partnershipAfter the new equity investment, Cruise's post-money valuation is approaching $30 billion, according to CNBC. In today's announcement, the companies said Microsoft will become GM's and Cruise's preferre...
US sets requirements for 'phased resumption' of cruises
Washington (AFP) - The US health authorities on Friday issued a detailed set of requirements that would allow cruise ships to resume services as early as next month.The requirements for a "phased resumption" of cruise ship passenger operations were released by the US Centers for Disease Control and Prevention (CDC).In light of the continued spread of Covid-19, a "careful approach" was needed, the CDC said in releasing its "conditional sailing order."This would include "simulated voyages to test cruise ship operators' ability to mitigate Covid-19 risk," it said."During the initial phases, cruis...