Business

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Enlarge / Streamlined aircraft of the 1930s and 1940s were an inspiration for the Hyundai Ioniq 6. Hyundai The physical unveiling of the Hyundai Prophecy concept car was an early casualty of COVID, originally scheduled for the hastily canceled 2020 Geneva auto show. That didn’t stop it from blowing my socks off once Hyundai sent some … Read more

The world’s largest carbon direct air capture facility has started construction in Iceland, run by Swiss startup Climeworks AG. When construction finishes in 18-24 months, their facility, named “Mammoth,” will be able to remove 36,000 tons of CO2 from the air per year – which is .0001% of the 36 billion tons of CO2 emitted … Read more

After cooling off from two days of big gains Monday, the stock market tried to resume its uptrend Tuesday. Some indexes briefly gained more than 1%, but much of the early gains faded. X The Nasdaq composite climbed as much as 1% but reversed lower to a loss of 0.6%. The S&P 500 erased all … Read more

In a move that consolidates the Hollywood talent agency landscape into three major players, CAA has closed its acquisition of ICM Partners, the companies said.  CAA, led by Bryan Lourd, Kevin Huvane and Richard Lovett, and ICM, led by Chris Silbermann, first unveiled the deal in September, saying that “ICM is one of the best … Read more

I feel like the theme of this podcast recently has been that everything is going off the rails: the Supreme Court, inflation, oil prices, air travel snafus. Take the economy, for example. My theory for the past few months has been that the odds of a recession are nervously high. But when I start feeling … Read more

Almost nine months to the day after the surprise Deadline scoop that CAA would acquire ICM Partners, the deal finally got government approval and closed. This creates a mega agency in the biggest linkup in the space since the WMA-Endeavor merger. Sources close to the situation said the Department of Justice finally approved the deal … Read more