Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM) – Ford’s EV Sales Jump 167% In January Even As Total Vehicles Sales Flatline

Ford Motor Company (NYSE: F) is committed to transitioning to electric vehicles, investing billions of dollars for the electrification of iconic models, revamping plants and setting up battery manufacturing units and charging infrastructure.

The strategy is apparently paying off, as is evident from the January sales results Dearborn reported Wednesday.

Ford EV Sales At Record: Ford’s EV sales rose 167.2% year-over-year to 13,169 vehicles in January, Ford said in its monthly sales update.

The company noted that its EV sales rose almost four times faster than the overall EV industry, and its EV market share increased from five points to 10.9 points.

Electrified vehicle sales had their best start ever, with record January sales, Ford said.

“This year represents a turning point for Ford in electrified vehicles, as our electrified portfolio grew at nearly four times the rate of the industry segment, with E-Transit and F-150 Lightning set to hit

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Medical Marijuana’s Kannaway Expands In South Africa With New Office & Warehouse in Johannesburg

Medical Marijuana, Inc. MJNA announced that its subsidiary Kannaway has opened a new office and warehouse in South Africa.

The 3,326 square foot combined facility is positioned just east of Johannesburg, making it convenient for employees and visitors to access.

Why It Matters

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The facility allows Kannaway to ship the company’s full line of products throughout the country.

“Our strategic decision to make South Africa a large focus for the Company’s international growth this year comes with big ideas and even bigger execution,” Kannaway CEO Blake Schroeder said. “This new warehouse will allow us to reach more customers in the region and reduce our operating costs.”

Recent reports from the Department of Agriculture, Land Reform and Rural

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NRx Pharmaceuticals Raises $25M Via Equity To Support Its Pipeline Development

NRx Pharmaceuticals NRXP has announced the private placement of 7.8 million shares priced at a premium to market under Nasdaq rule, for gross proceeds of $25 million.

  • The Company will also issue unregistered preferred investment options to purchase up to an aggregate of 7.8 million shares. 
  • The purchase price for one share of common stock and one investment option to purchase one common share is $3.195. 
  • “The proceeds of this investment will be targeted towards continuing to advance our three potentially life-saving therapies,” said Jonathan Javitt, CEO and Chairman of NRx Pharmaceuticals.
  • Related: NRx Pharma’s COVID-19 Vaccine Candidate Show Potential Against Omicron Variant.
  • The investment options have an exercise price of $3.07 per share, will be exercisable six months following issuance, and will have a term equal to five years.
  • H.C. Wainwright & Co. is acting as the exclusive placement agent for the
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Alibaba (NYSE:BABA), Bitcoin – United States Dollar (CRYPTO:$BTC) – Why Alibaba Is Rising Today Even As Tech Peers Extend Losses In Hong Kong

Shares of U.S.-listed Chinese tech companies — with the exception of Alibaba Group Holding Limited (NYSE: BABA) — extended losses in Hong Kong on Friday, dragging the benchmark Hang Seng Index into negative territory for a second straight day.

Why Is It Moving? The Hang Seng Index was down 0.9% at the time of writing, as investors turned risk averse after by the U.S. Federal Reserve indicated on Wednesday that it could start raising interest rates as soon as March.

Investors also looked ahead to the release of Hong Kong’s gross domestic product (GDP) report for the fourth quarter later today. The financial hub is continuing to struggle with a fifth wave of coronavirus infections.

Alibaba’s shares have rebounded on Friday, after falling sharply in the previous session in reaction to some analysts cutting their price targets on the company’s stock ahead of its quarterly earnings results.

See Also: How

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Alibaba (NYSE:BABA), Apple Inc. (NASDAQ:AAPL) – Why Alibaba And Other Tech Stocks Are Dragging The Hang Seng Index Lower Today

Shares of U.S.-listed Chinese tech companies traded notably lower in Hong Kong on Thursday, dragging the benchmark Hang Seng Index into negative territory.

Why Is It Moving? The Hang Seng Index was down 2.6% at the time of writing, after the U.S. Federal Reserve indicated it could start raising interest rates as soon as March even as it kept the benchmark interest rate unchanged Wednesday.

The Fed’s hawkish posture weighed on technology stocks.

Worries about rising COVID-19 cases in Hong Kong, which is grappling with a fifth wave of infections, also dampened investor sentiment.

See Also: How To Buy Xpeng Motors (XPEV) Stock

What’s Moving: Shares of U.S.-listed Chinese tech companies traded notably lower.

  • Alibaba Group Holding Limited (NYSE: BABA) – down 6.2%
  • JD.com Inc. (NASDAQ: JD) – down 5.1%
  • Li Auto Inc. (NASDAQ: LI) – down 4.6%
  • Xpeng Inc. (NYSE: XPEV) – down 4.8%
  • Baidu Inc. (NASDAQ: BIDU)
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