Month: October 2025

EnergyManufacturingPolicy

Federal Government Withdraws $700 Million in Battery Manufacturing Grants Amid Project Reviews

The U.S. Department of Energy has terminated over $700 million in grants for battery and manufacturing initiatives, stating the projects failed to meet key milestones. Companies affected include ICL Group and American Battery Technology, with broader cuts anticipated across the clean energy sector.

Grant Terminations Announced Following Project Evaluations

The Department of Energy (DOE) has reportedly canceled more than $700 million in grants previously allocated to battery and manufacturing projects, according to recent statements. A spokesperson indicated that the initiatives had missed critical milestones and were deemed insufficient in advancing national energy objectives. Sources within the agency emphasized that the projects were not economically viable and would not yield a positive return on taxpayer investment.

by Priya Kapoor
BusinessEconomyTrade

GM Stock Jumps 8% on Improved Profit Outlook and Reduced Tariff Impact

General Motors stock climbed approximately 8% in premarket trading following an improved financial outlook. The automaker reportedly increased its annual adjusted core profit projection and lowered expected tariff impacts, creating positive momentum across the automotive sector.

GM Revises Financial Forecast Upward

General Motors shares surged about 8% in premarket trading Tuesday after the automaker significantly improved its annual profit outlook, according to company reports. The Detroit-based manufacturer now expects its adjusted core profit to reach between $12.0 billion and $13.0 billion for the year, up from its previous estimate of $10.0 billion to $12.5 billion.

by Priya Kapoor
AIComputingResearch

UK’s STFC Launches 24.41 Petaflops AI Supercomputer Named After Computing Pioneer Mary Coombs

The UK’s Science and Technology Facilities Council has unveiled a powerful new AI supercomputer at its Daresbury facility. The system, named after computing pioneer Mary Coombs, delivers 24.41 petaflops of performance and will support drug discovery and climate research.

New AI Supercomputer Deployment

The Science and Technology Facilities Council (STFC) has reportedly deployed a significant new computing resource at its Hartree Centre in Daresbury, UK. According to reports, the newly installed system delivers 24.41 petaflops of AI computing performance and has been named Mary Coombs in honor of the UK’s first female commercial computer programmer.

by Samuel Kim