This news roundup covers various topics including Toyota's venture into rocket manufacturing, Disney's streaming service merger, Canadian Prime Minister Justin Trudeau's resignation plans, and the Nasdaq stock market's performance.
Toyota Chairman Akio Toyoda said Monday the automaker is exploring the idea of building rockets. Nasdaq Composite both gained ground Monday, fueled by a rally in chip stocks. The S&P advanced 0.55% during the session, and the Nasdaq rose 1.24%. The company is starting with an investment of 7 billion Japanese yen ($44.4 million) in Interstellar Technologies Inc., a Japanese private spaceflight company.
'The future of mobility shouldn\'t be limited to just Earth or just one car company, for that matter,' Toyoda said, referencing Tesla, whose CEO Elon Musk also leads rocket company SpaceX.Disney announced plans to merge pay-TV streaming provider Fubo Hulu + Live TV which will have a combined 6.2 million North American subscribers. Disney will own 70% of the resulting company, which will trade under Fubo's existing ticker. The deal puts two similar streaming options — both of which mimic the traditional cable bundle — under one roof. It also promises Fubo a cash infusion and settles all litigation between Fubo, Disney, Fox and Warner Bros. Discovery over the trio's proposed Venu sports streaming service.Canada's Prime Minister Justin Trudeau speaks to reporters, announcing he intends to step down as Liberal Party leader and Prime Minister, but he will stay on in his post until a replacement has been chosen, from his Rideau Cottage residence in Ottawa, Ontario, Canada, January 6, 2025. He will remain prime minister until a new leader can be selected before general elections later this year. 'This country deserves a real choice in the next election, and it has become clear to me that if I'm having to fight internal battles, I cannot be the best option in that election. Eli Manning #10 of the New York Giants warms up prior to the game against the Philadelphia Eagles at MetLife Stadium on Dec. 29, 2019 in East Rutherford, New Jersey
TOYOTA ROCKETS SPACEFLIGHT DISNEY STREAMING NASDAQ CANADA POLITICS TRUDEAU
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Toyota to Explore Rocket Development with Interstellar TechnologiesToyota Motor is venturing into space exploration with a 7 billion Japanese yen investment in Interstellar Technologies, a startup developing orbital launch vehicles. Chairman Akio Toyoda believes the future of mobility extends beyond Earth and aims to leverage Toyota's mass production expertise for rocket manufacturing.
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Toyota to Explore Rocket Production with Japanese StartupToyota Motor is investing in Interstellar Technologies, a Japanese startup developing orbital launch vehicles, to explore the development and production of rockets. The automaker believes the future of mobility shouldn't be limited to Earth and aims to leverage its mass production expertise for rocket manufacturing.
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Honda and Nissan Explore Merger to Rival ToyotaHonda Motor Co. and Nissan Motor Co. are in talks to merge, potentially creating a formidable competitor to Toyota Motor Corp. in Japan and globally. The proposed merger, still in preliminary stages, could involve a new holding company, with Mitsubishi Motors Corp. possibly joining the alliance.
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Toyota Invests in Space Startup, Eyes Rocket DevelopmentToyota Motor Corporation is venturing into the space industry by investing in Interstellar Technologies, a Japanese startup focused on orbital launch vehicles. This move signals Toyota's ambition to expand its 'mobility' vision beyond Earth and into space exploration.
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Toyota Enters Space Race with Rocket InvestmentToyota Motor is investing in Interstellar Technologies, a Japanese startup developing orbital launch vehicles, marking the automaker's foray into the space industry. Toyota Chairman Akio Toyoda stated that the company believes the future of mobility extends beyond Earth and aims to leverage its mass production expertise for rocket development.
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Toyota to Enter Space Race with Rocket DevelopmentToyota Motor plans to invest in the space exploration industry by partnering with Interstellar Technologies to develop and produce orbital rockets. This move signifies Toyota's ambition to expand its mobility vision beyond Earth.
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