FAST NEWS: TuSimple And Peers Urge California to Allow Automated Trucks

The latest: Hou Xiaodi, The CEO of autonomous truck company TuSimple Holdings Inc. (TSP.US), along with senior executives and chamber of commerce leaders, has sent an open letter to California Governor Gavin Newsom calling for the opening of California’s roads to self-driving trucks. Looking up: The joint letter cited a study concluding that deployment of the technology in California could bring $6.5 billion in economic activity to the state, while leading to greater efficiency in the logistics supply chain and allowing consumers and businesses to enjoy the results. Take Note: The California…

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Latest Bitcoin Meltdown Pressures Chinese Crypto Companies

The recent massive selloffs in bitcoin and other crypto currencies have left Ebang, Canaan and BIT Mining coping with tanking share prices and dire business outlooks Key Takeaways: Ebang, a maker of cryptocurrency mining machines, has been warned about potential delisting from the Nasdaq after its stock remained below $1 for a prolonged period Rival crypto mining equipment maker Canaan repurchased warrants it issued last year after its stock plunged to levels well below the exercise price By Warren Yang The recent meltdown in cryptocurrency markets is shaking up the…

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