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A new contender has emerged as the dominant force in online shopping: TikTok Shop. This platform has leveraged its vast attention to disrupt traditional e-commerce, challenging established giants like Amazon and Walmart by integrating social commerce in a way that reshapes consumer behavior and merchant interactions. As social media continues to redefine shopping dynamics, TikTok's unique approach positions it as a formidable player in the market.
Walmart+ members can access Cyber Monday deals starting at 5 p.m. ET, with general access at 8 p.m. ET. The Apple Watch Series 10 is currently available for $329, a $70 discount, as part of ongoing Cyber Week sales. Annual Walmart+ subscriptions are on sale for $49 through Dec. 2, and items purchased now can be returned until Jan. 31, 2025.
GE HealthCare is set to unveil over 40 AI-powered innovations at RSNA 2024, focusing on enhancing patient care and operational efficiency. Key solutions include Clarify DL for bone image reconstruction, nCommand Lite for remote collaboration, and CareIntellect for Oncology, a cloud-first generative AI application for patient data management. The company has increased its R&D investment since 2022, addressing challenges in radiology, alongside strategic collaborations and recent FDA approvals for new imaging agents.
GE Vernova aims to lead the deployment of small modular reactors (SMRs) like the BWRX-300 across developed nations, targeting over $2 billion in annual revenue by the mid-2030s. The reactor's simpler design allows for reduced construction costs and flexibility in location, with plans for commercial deployment in North America by 2029. Interest from tech companies seeking reliable energy for data centers further drives demand for nuclear power, as utilities explore smaller, less risky projects.
The global demand for critical metals, essential for clean energy technologies, is set to soar, with estimates indicating a need for significantly more lithium, cobalt, and nickel by 2050. However, the long lead times for new mining projects, averaging 16 years, pose challenges to meeting this demand sustainably. Meanwhile, e-waste scavengers in developing countries are increasingly vital in recycling valuable materials, highlighting the complex interplay between resource extraction and environmental concerns.
This Black Friday, significant savings are available on various Apple products, including the 2024 MacBook Air, discounted by up to $255, and the Apple Watch Ultra 2, now $39 off. Retailers like Amazon, Walmart, and Best Buy are offering competitive deals, making it a great time to shop for Apple devices.
Tesla is offering a RMB 10,000 ($1,380) discount on the Model Y in China for deliveries of the two cheaper variants by December 31, while the Performance version is excluded. The Model 3 does not qualify for these discounts but benefits from a 5-year, 0% interest financing incentive. The push for Model Y incentives may stem from an upcoming refresh and a potential dip in demand, as Tesla aims to sell more units before the updated version launches in early 2025.
Baidu's Apollo Go is set to begin robotaxi testing in Hong Kong near the airport, following its operations in over 10 Chinese cities. With safety drivers initially present, the service aims for profitability through scaling and cost reduction, having recently unveiled a sixth-generation robotaxi at a significantly lower price. Currently, Apollo Go provides about 1 million rides per quarter, with plans to deploy 1,000 new vehicles by the end of 2024, positioning it for rapid growth in the coming years.
BYD has launched its Sealion 07 EV in Norway, marking the company's seventh model available in the country. Priced at NOK 469,900 ($42,150), the Sealion 07 is the first to utilize BYD's latest e-Platform 3.0 Evo, following its recent debut in Germany.
ExxonMobil has signed a lithium offtake agreement with LG Chem for 100,000 tons of lithium carbonate, aimed at bolstering the US critical mineral supply chain. The lithium will be sourced from ExxonMobil's upcoming project and supplied to LG Chem's Tennessee cathode plant, which is set to be the largest in the US. This initiative is expected to create jobs, enhance energy security, and utilize Direct Lithium Extraction technology, promising lower environmental impacts compared to traditional mining methods.
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