event Archives - First Washington News

November 4, 2022

Lucid Air Pure and Lucid Air Touring to be Unveiled During November 15 Online Global Launch Event; Make Public Debut in Los Angeles the Same Week

‘In the Air and Past – A Lucid Start Event’ to spotlight new styles that spherical out the entire Air lineup, most recent developments for Air Sapphire, and Lucid’s reimagining of the luxury SUV section

Lucid Air Pure and Air Touring to debut in an online world wide start occasion on Tuesday, November 15, together with announcements about the Lucid business enterprise and foreseeable future styles, such as updates on Lucid’s subsequent power of character, the Challenge Gravity SUV
The total Air lineup will be dwell in community for the to start with time, with Lucid Air Pure and Air Touring showing up alongside Air Grand Touring, Grand Touring Functionality, and the extremely-superior-general performance Air Sapphire at the Lucid Studio Beverly Hills
Lucid to sponsor CDN’s LA Style and design Evening on Thursday, November 17, throughout Automobility LA, exhibiting the recently unveiled Lucid Air Pure together with Air Sapphire, the world’s most strong sedan

NEWARK, Calif., Nov. 3, 2022 /PRNewswire/ — Lucid Group, Inc. (NASDAQ: LCID), location new standards with the longest-array, speediest-charging electric powered car or truck on the industry with the award-successful Lucid Air, now announced that Lucid Air Pure and Air Touring will be unveiled throughout an on the internet global launch function entitled In the Air and Beyond – A Lucid Launch Event, having area on Tuesday, November 15 at 10:00am PST/1:00pm EST, ahead of the 1st Air Touring shipping and delivery taking place that exact night at the company’s Beverly Hills Studio. In addition, the on-line party will also feature enjoyable bulletins about the Lucid enterprise and long run products, including the Project Gravity SUV that reimagines the luxurious SUV with the exact same in-home created technology that underpins the groundbreaking Lucid Air sedan.

In the Air and Beyond – A Lucid Launch Event — In the Air and Outside of – A Lucid Launch Celebration

Lucid Air Pure and Air Touring will make their general public debut the exact same week at the firm’s Beverly Hills Studio and at CDN Designer Night time, getting their spot in the Air lineup along with Lucid Air Grand Touring, the 1050-hp Air Grand Touring Overall performance, and the recently debuted extremely-substantial-efficiency Air Sapphire, the world’s most effective sedan. Buyers and lovers can sign-up to be a part of the debut at dreamahead.com.

Lucid Air Pure

Air Pure, the elemental Lucid Air, has a starting cost of $87,400 and is distinguished by its metal roof and Mojave PurLux inside. Air Pure will in the beginning launch with a twin-motor, all-wheel-drive configuration, with whole specs which include EPA-estimated range and more facts on the product to be shared on November 15.

Lucid Air Touring

Lucid Air Touring, with an MSRP of $107,400, is the quintessential Air, showcasing a fantastic equilibrium of general performance, luxury, design and style, and area. As these, it can be optioned with the exceptional Glass Canopy – a single piece of glass that reaches from the base of the windshield to around the heads of the entrance passengers for an unobstructed look at, as very well as DreamDrive Pro, Lucid’s advanced driver support method. Full specs and further information for Lucid Air Touring will also be shared on November 15.

Lucid Things to do In the course of LA Auto Show 7 days

In addition to the on the web debut occasion for Lucid Air Pure and Air Touring, Lucid will be existing at a number of functions in and all over Los Angeles to rejoice the entire Air lineup.

During the 7 days of November 15, all five trim levels – from Air Pure to Air Sapphire – will be on show for media, consumers, and admirers at the Lucid Studio Beverly Hills. Lucid will also rejoice the international premiere at the Beverly Hills Studio the night of Tuesday, November 15, with a celebration occasion for decide on media, customers, and VIPs.
Derek Jenkins, Senior Vice President of Style and design and Brand, will be showcased at CDN Forum LA taking location through Automobility at the Los Angeles Automobile Clearly show on Thursday, November 17. Lucid is also a sponsor of CDN’s LA Design Evening that evening at the Los Angeles Convention Heart. Equally the recently unveiled Lucid Air Pure and Air Sapphire, the world’s most impressive sedan, will be on display.
Peter Rawlinson, CEO and CTO, will produce the opening keynote at the Automotive Information Entire world Congress on Friday, November 18, speaking about why efficiency is the new vital for electric powered motor vehicles and how it has been central to all facets of the advancement of just about every Lucid auto.

About Lucid Group
Lucid’s mission is to inspire the adoption of sustainable power by generating advanced systems and the most fascinating luxurious electric motor vehicles centered about the human working experience. The firm’s initially car, Lucid Air, is a point out-of-the-art luxury sedan with a California-motivated style and design that attributes magnificent full-size interior space in a mid-size exterior footprint. Lucid Air Grand Touring attributes an official EPA-approximated 516 miles of array or 1,050 horsepower. Deliveries of Lucid Air, which is developed at Lucid’s manufacturing facility in Casa Grande, Arizona, are now underway to U.S. and Canadian prospects.

Media Contacts
[email protected]

Logos

This interaction is made up of trademarks, provider marks, trade names and copyrights of Lucid Team, Inc. and its subsidiaries and other companies, which are the assets of their respective owners.

Ahead-Hunting Statements

This communication contains “ahead-hunting statements” in just the that means of the “protected harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Ahead-on the lookout statements may perhaps be recognized by the use of words and phrases this kind of as “estimate,” “prepare,” “job,” “forecast,” “intend,” “will,” “shall,” “be expecting,” “foresee,” “consider,” “look for,” “concentrate on,” “go on,” “could,” “may,” “may possibly,” “doable,” “likely,” “forecast” or other comparable expressions that forecast or show long term events or traits or that are not statements of historic issues. These ahead-searching statements incorporate, but are not constrained to, statements pertaining to strategies and anticipations with regard to Lucid Air Pure and Air Touring, such as selling price, timing of delivery and specs, Lucid’s functions during LA Vehicle Clearly show 7 days, and the promise of Lucid’s technological innovation. These statements are based on various assumptions, no matter whether or not discovered in this interaction, and on the existing anticipations of Lucid’s management. These forward-searching statements are not meant to serve as, and will have to not be relied on by any trader as, a ensure, an assurance, or a definitive assertion of actuality or chance. Real situations and situations are complicated or unattainable to forecast and may perhaps differ from these forward-wanting statements. Many real occasions and instances are past the manage of Lucid. These ahead-on the lookout statements are subject to a selection of pitfalls and uncertainties, which include individuals elements mentioned underneath the heading “Possibility Things” in Portion II, Product 1A of Lucid’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, as well as other files Lucid has filed or will file with the Securities and Trade Commission. If any of these dangers materialize or Lucid’s assumptions establish incorrect, precise outcomes could vary materially from the outcomes implied by these forward-hunting statements. There may possibly be extra pitfalls that Lucid at present does not know or that Lucid now thinks are immaterial that could also trigger actual outcomes to differ from all those contained in the forward-hunting statements. In addition, ahead-seeking statements mirror Lucid’s anticipations, options or forecasts of foreseeable future situations and views as of the date of this interaction. Lucid anticipates that subsequent functions and developments will induce Lucid’s assessments to alter. Even so, whilst Lucid could elect to update these ahead-on the lookout statements at some level in the upcoming, Lucid exclusively disclaims any obligation to do so. These forward-seeking statements should really not be relied upon as symbolizing Lucid’s assessments as of any day subsequent to the day of this conversation. Appropriately, undue reliance ought to not be placed upon the forward-on the lookout statements.

Source Lucid Team

June 8, 2022

TSA travel tips, LewisGale Medical Center hiring event and more news happening today

Here’s a glimpse at some of the tales we’ll be following right now as they make headlines throughout Southwest Virginia:

TSA officials will present vacation ideas and showcase the most prevalent prohibited objects that have been introduced to the Roanoke-Blacksburg Regional Airport. There, they will have visuals, together with hundreds of examples of precise prohibited merchandise that tourists have introduced to the airport stability checkpoints. Officers will be at the Roanoke Regional Airport at 10 a.m. and at the Lynchburg Regional Airport Wednesday at 10 a.m.

Vinton City Council is calling a distinctive conference at 2 p.m. A single merchandise that will be talked over is the adoption of a resolution authorizing the town manager to execute a Transfer Settlement amongst the City of Vinton and the Western Virginia Water Authority for the conveyance of the town’s water and sanitary sewer method to the authority helpful July 1. The meeting will consider place in Council Chambers.

The LewisGale Clinical Centre is obtaining a employing celebration for medical and non-clinical positions. It is happening from 4:30 to 7:30 p.m. at The Green Goat. The occasion will include things like on-the-place provides and up to $15,000 in sign-on bonuses for pick positions.

Lynchburg Town Council will hold a distinctive assembly at 5 p.m. at Town Corridor. This meeting will be for the function of producing a few appointments to the Lynchburg Town College Board. Just about every member will serve a three-year expression starting July 1 and expiring June 30, 2025.

Danville City Council will have a meeting at the municipal making at 7 p.m. There, council users will examine an ordinance affirming the True Estate Tax Fee of 84 cents on each $100 of assessed price.

Boys House of Virginia will be collaborating in a 24-hour on-line offering event identified as Give Community Alleghany Highlands. This is the 2nd yr in a row the group has been included. Any only donations to Boys Residence of Virginia throughout the electrical power several hours will assist Boys Household develop into eligible to earn a prize for the most income lifted in that hour. There will also be a Golden Ticket Prize drawing each individual hour from 6 a.m. to 9 p.m. Electricity hours are below:

10 a.m. – 11 a.m.
3 p.m. – 4 p.m.
8 p.m. – 9 p.m.

The Virginia Tech Board of Website visitors will keep on its two-working day meeting nowadays. The board will just take element in an details session today and focus on tuition and fees, running and capital budgets and the innovation campus. Today’s session commences at 1:15 p.m. on campus.

May 9, 2022

Wordle: Two different words in today’s game leave players confused after New York Times makes change due to ‘major recent news event’ | World News

Wordle players across the globe have been remaining baffled after a “main latest news event” prompted the individuals at the rear of the recreation to change present day term.

Spoiler warn: This tale incorporates the solution to today’s edition of Wordle.

A number of men and women expressed a combination of confusion and annoyance immediately after sharing their consequence with friends on Monday, only to discover there appeared to be two unique solutions.

Lots of who performed the every day puzzle have been established the word “fetus” – the American English spelling of foetus.

Even so, for some others who loaded the sport – which is reset every 24 several hours at midnight – the term posed was “shine”.

Several realized of the discrepancy following applying the “share” possibility on the on the web puzzle – a aspect credited with the game’s big good results – and discovering good friends had not been set the very same word.

The New York Situations, which obtained the rights to the activity in January for an “undisclosed selling price in the low seven figures” following its explosion, said the modify was the outcome of “a really unconventional circumstance”.

A statement issued by the newspaper mentioned it was nonetheless getting “new challenges” as it switched to “The Times’s know-how”.

“Right now, for instance, some users may see an outdated respond to that appears to be carefully linked to a major recent news celebration. This is completely unintentional and a coincidence – present day authentic solution was loaded into Wordle final yr,” it mentioned.

“At New York Times Online games, we take our function severely as a area to entertain and escape, and we want Wordle to continue to be distinct from the information.

“But since of the current Wordle know-how, it can be hard to adjust phrases that have already been loaded into the activity.

“When we found out final 7 days that this particular phrase would be showcased currently, we switched it for as lots of solvers as doable.”

A range of individuals who acquired the primary term had pointed out the link with the current news all around the US Supreme Courtroom, which previous week ordered an investigation into the leak of a draft document suggesting a historic law that legalised abortion could be overturned.

Examine far more:
How a uncomplicated on-line game turned a million-dollar viral phenomenon
How Wordle saved a grandmother from 17-hour hostage ordeal

The New York Occasions assertion claimed that any person who refreshed their browser window would not get “the out-of-date edition” but that “we know that some people will never do that and, as a result, will be asked to address the outdated puzzle”.

“We want to emphasise that this is a very unusual circumstance,” the assertion included.

November 14, 2021

Alibaba reports slower sales growth for its Singles Day shopping event.

The main shopping area during Alibaba's Singles Day shopping festival in Shanghai on Thursday. — Credit…Aly Song/Reuters

The Chinese e-commerce giant Alibaba said $84.5 billion in merchandise was sold on its platforms during the Singles Day shopping festival that ended on Thursday, an 8.5 percent increase over last year and an indication that Beijing’s campaign to tighten regulation of internet companies has not dimmed consumers’ enthusiasm for buying stuff online.

Even so, the growth in sales was down from the 26 percent increase that the company reported in 2020 compared with the year before.

The number Alibaba announces each year after its big retail bonanza is gross merchandise volume, which is meant to represent the total value of orders. There is no standardized way of calculating this metric within the e-commerce industry, so Alibaba has leeway to choose the result it reports.

This year’s figure captured sales from Nov. 1 through Nov. 11. Singles Day was once a 24-hour event, but has ballooned into a multiweek extravaganza. Before last year, Alibaba’s headline number captured sales on Nov. 11 only.

China’s government has moved rapidly over the past year to impose new strictures on giant internet companies, which long grew with little oversight of their business practices. Beijing now wants the tech industry to compete fairly and contribute more to society. In response, Alibaba put a socially conscious spin on this year’s Singles Day, emphasizing eco-friendly products and campaigns to help neglected children and seniors.

Before Thursday, it was not clear that Alibaba would release a final Singles Day sales figure at all this year. When asked about it by The New York Times this week, an Alibaba spokeswoman declined to comment. Last month, Alibaba’s chief marketing officer, Chris Tung, said the company’s focus had shifted from pure sales growth to “sustainable growth.”

Credit…Jon Super/Associated Press

The British economy’s recovery slowed through the summer, delaying its return to its prepandemic size as supply shortages hampered businesses and exports declined.

Gross domestic product grew 1.3 percent in the third quarter, down from 5.5 percent in the previous three months, the Office for National Statistics said on Thursday. The growth was driven by spending on services, especially in hotels, restaurants and entertainment as the last of the major pandemic restrictions were lifted in July and people vacationed in the country. A return to in-person doctor appointments also boosted the growth data.

But the recovery was weaker in other sectors. Retail sales fell as well as car sales because of the global shortage of semiconductors. Supply chain disruptions and bottlenecks have held back growth in Britain and are expected to last longer than previously anticipated. It’s a problem afflicting other countries, including Germany. There have been backups at Britain’s ports and difficulties distributing goods.

The changes to migration and trade because of Brexit, including fewer European Union workers and a stricter customs regime, have exacerbated the supply bottlenecks, according to the Office for Budget Responsibility, which provides independent forecasts for the British government.

Exports fell nearly 2 percent over the previous quarter, partly because of a decline in the export of transport equipment and machinery.

Britain’s “unique Brexit-related issues,” including additional customs paperwork, food safety checks and hurdles to tariff-free trade with the European Union, its biggest trading partner, “no doubt amplify the port and transport challenges,” Kallum Pickering, an economist at Berenberg Bank, wrote in a note to clients.

The slowing momentum in the world’s recovery from the pandemic has led to downgrades of global and British growth forecasts. The Bank of England said last week that the British economy would grow 7 percent this year, reducing its forecast by a quarter percentage point. It cut a whole percentage point off growth for 2022 — to 5 percent — as supply disruptions are expected to weigh on the economy until late in the year and the annual inflation rate is forecast to climb to about 5 percent in the spring.

The Bank of England said it would probably need to raise interest rates in the coming months as prices climbed, but it is waiting for more official data on what has happened in the labor market after the end of the government-sponsored furlough program in September. The central bank said that more than a million jobs were benefiting from the program as it ended and that there might be a small increase in unemployment now that those payments were over. The bank has to balance taming inflation without putting the recovery off course with tighter monetary policy.

As the recovery is expected to continue to slow, the National Institute of Economic and Social Research warned this week that British households will be “painfully squeezed” as prices rise, fiscal stimulus is reduced and tax increases come into force in April. The London institution also said the number of households that can’t afford basic necessities could double because of a cut to a major government benefit program.

Credit…Clodagh Kilcoyne/Reuters

Europe is facing fresh threats to its pandemic recovery as energy prices surge at a “tumultuous pace” and bottlenecks in the supply chain dampen growth and slow production, the European Commission said on Thursday.

In its latest economic forecast, the commission said sporadic pandemic-related lockdowns in some parts of Europe, together with emerging labor shortages, were adding to the disruptions, while inflation has hit a 10-year high.

Europe’s economy rebounded this year from the pandemic faster than expected, and regained prepandemic levels of growth during the summer. Among the 28 countries in the European Union, economic output is now expected to grow 5 percent this year, slightly better than a forecast made a few months ago — an unusually robust rebound after pandemic lockdowns shuttered the economy last year.

Growth will slow to a 4.3 percent pace next year and then decelerate to 2.5 percent in 2023, the commission said.

Europe spent hundreds of billions of euros to keep workers furloughed during national shutdowns, and such programs have helped millions of people stay in their jobs and avoid a surge in unemployment, the report said. About 1.5 million jobs were created from April to June, and nearly as many workers exited job retention schemes.

As in the United States and Britain, however, labor shortages have been plaguing industries that were quick to reopen, especially restaurants and parts of the retail sector. At the same time, there are still large numbers of people who are jobless and people who are available to work but not actively looking, the report said.

While the economic rebound has been swift, the surge in inflation is likely to weigh on the finances of Europe’s households and businesses. A jump in natural gas prices has led to higher electricity bills. Altogether, the price of goods, services, energy and food jumped 3.4 percent in September from a year earlier, and even without volatile food and energy prices, the inflation rate is the highest in a decade. Inflation is estimated to have climbed to 4.1 percent in October.

But prices have jumped because of postpandemic reopenings, the commission noted, so such pressures are expected to be largely fade over the next year, the commission said.

Credit…Aly Song/Reuters

Elon Musk, the chief executive of Tesla, disclosed on Wednesday that he had sold about $5 billion worth of Tesla shares, in part to cover his tax obligations after exercising options on a large tranche of stock.

Mr. Musk sold about 4.5 million shares between Monday and Wednesday, according to filings with the Securities and Exchange Commission. Tesla’s stock closed trading on Wednesday at $1,067.95, which would value the shares at about $4.8 billion, but some were sold for slightly higher prices.

In the filings, Mr. Musk said he had sold about a million of the shares “solely” to cover taxes on 2,154,572 shares he picked up at $6.24 each. Those shares he acquired, for a total of $13.4 million, were instantly worth about $2.3 billion. Later Wednesday, he disclosed the sale of an additional 3.6 million shares, though he did not provide a reason for those divestments.

Mr. Musk still owns nearly 17 percent of Tesla’s stock, shares worth about $180 billion. Tesla recently passed $1 trillion in market valuation.

Over the weekend, Mr. Musk posted a poll to Twitter asking his followers whether he should sell 10 percent of his stock, referring to a political debate over whether the wealthiest Americans should be taxed according to their wealth rather than their income. He said he would abide by whatever respondents chose, and about 58 percent said to sell.

Regardless of the poll, the disclosures indicated that Mr. Musk had put a plan in place in September to sell shares when buying options. Mr. Musk holds more than 20 million stock options, worth nearly $30 billion, that expire in August. Many of those options are unlikely to qualify for preferential tax treatment, meaning he could owe billions of dollars in taxes if he exercises all of them.

Tesla’s stock slid 16 percent in the two days of trading after his Twitter post, though it gained 4.3 percent on Wednesday before Mr. Musk disclosed his trades. Tesla’s shares were up in aftermarket trading following his disclosures.

Stephen Gandel contributed reporting.

Correction: Nov. 10, 2021

An earlier version of this article misstated the day that Elon Musk sold $1.1 billion in Tesla shares to cover tax obligations. It was Monday, not Wednesday. (He sold an additional $3.9 billion in shares this week unrelated to the exercise of his stock options.)

China Evergrande has made interest payments totaling nearly $150 million on three bonds that had grace periods set to expire on Wednesday, a spokeswoman for the German clearing house Clearstream said. The payments, which were made as a 30-day grace period on the coupon was set to expire, mean Evergrande has avoided default for now.
The Justice Department and the Securities and Exchange Commission have opened investigations into the embattled Silicon Valley company Ozy Media, according to people with knowledge of the matter.

Federal prosecutors with the Eastern District of New York have in recent weeks been in contact with at least one company that had dealings with Ozy, two people with knowledge of the matter said. In the parallel civil inquiry, S.E.C. investigators have contacted at least two companies that discussed investing in Ozy, two people with knowledge of the commission’s effort said.

The precise focus of the investigations could not be determined. A lawsuit filed last month accused Ozy of misleading potential investors. Companies’ statements to investors are often examined in S.E.C. investigations. READ MORE →
On Wednesday, Disney said its flagship streaming service had added 2.1 million subscriptions in the recent quarter, sharply fewer than analysts polled by FactSet had forecast. After a dazzling introduction in late 2019, Disney+ has encountered numerous headwinds, including a pandemic-related shortage of new shows, an increasingly competitive streaming environment, the delay of Indian Premier League cricket games and difficulties rolling out in Latin America. Slower growth is a concern because it makes it harder for Disney+ to achieve the 230 million to 260 million paid subscribers promised by the company by the end of the 2024 fiscal year. READ MORE →

Video

The animated version of the new Meta logo released by the company.

A sleek animation online shows logos of all Facebook’s apps and products fusing together to form a shimmering vision of the future: a two-tone blue infinity symbol next to the word “Meta.”

To design experts, the change by a scandal-plagued company was the latest example of efforts by corporate America to create brands that are less unique and ultimately less offensive. It was also a reflection of the growing challenge for corporate identities to exist in many different sizes and digital settings at once, from V.R. headsets to smartwatches — a challenge that is magnified for Meta as it tries to establish an identity for something that largely doesn’t exist yet.

“It checks a lot of boxes,” said Michael Evamy, the author of “Logo,” an anthology of corporate brands and logos. “It’s very simple. It’s very visible at all scales. It’s blue.” (Blue, he noted, is historically a color associated with safety and trustworthiness. The infinity symbol, devoid of corners and jagged edges, can be seen as nonthreatening.) READ THE ARTICLE →