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Jiten Behl, partner at Eclipse Ventures and former chief growth officer at Rivian, thinks we’re entering an era of major re-industrialization in the U.S. — one where factories run on AI-powered robots, not cheap overseas labor. Behl, who helped scale Rivian from a conference room idea in 2015 to a publicly traded EV maker, is now investing in the next wave of industrial and mobility startups, including two Rivian spinouts: Also and Mind Robotics. It’s part of Eclipse’s larger bet that the physical world is finally ready for the kind of disruption software saw a decade ago. Today on TechCrunch’s Equity podcast,…
SANTA FE, N.M. (AP) — A Republican push to make drilling cheaper on federal land is creating new fiscal pressure for states that depend on oil and gas revenue, most notably in New Mexico as it expands early childhood education and saves for the future.The shift stems from the sweeping law President Donald Trump signed in July that rolls back the minimum federal royalty rate to 12.5%. That rate — the share of production value companies must pay to the government — held steady for a century under the 1920 Mineral Leasing Act. It was raised to 16.7% under the…
Electric bike company Rad Power Bikes filed for Chapter 11 bankruptcy protection on Monday, weeks after it warned employees that it could shut down without new funding. The company will continue to operate while the bankruptcy case proceeds, and it’s looking to sell the business within 45-60 days, a spokesperson told TechCrunch. “This step allows us to keep operating in the ordinary course of business while we pursue the best possible outcome for the people who rely on Rad every day,” they said in a statement. “Our goal is to keep the company intact and preserve the relationships we have…
Shares of U.S. medical supplies giant Medline jumped more than 22% in its debut on the Nasdaq on Wednesday after the biggest initial public offering of the year globally. The stock opened at $35, up from its $29 IPO price. The private equity-owned company sold a little over 216 million shares on Tuesday, raising $6.26 billion in an upsized offering that finished off a strong year for new listings and bolstered optimism about the IPO market in 2026. Shares of Medline will trade under the symbol MDLN. That IPO pricing gives Medline a market value of at least $37 billion, based…
Travelers flying during the upcoming holiday rush will have access to an array of convenient new tech features, thanks to United Airlines’ latest update to its mobile app.The airline has launched new services in its app that include personalized updates and recommendations along every stage of the journey. Among the new features are a “virtual gate” feature that alerts customers with real-time updates on which groups are boarding and how many people have boarded, as well as an upgraded bag tracking feature that shows the location of checked luggage along the way.A new United Club “closest and best feature” provides recommendations on the nearest…
Amazon CEO Andy Jassy announced in a message to staff on Wednesday that longtime AWS executive Peter DeSantis will lead a new AI-focused organization within the company. This organization will be responsible for Amazon’s AI models like Nova, as well as silicon development and quantum computing, which help make AI tools faster and more efficient. DeSantis has spent 27 years at Amazon, including eight years as an SVP for AWS, the cloud provider that powers about one-third of the internet. At AWS’s recent re:Invent event, Amazon hammered home its commitment to AI for enterprise use, so it makes sense that…
Authorities are searching for a suspect in the killing of Nuno F.G. Loureiro, a prominent physics professor at the Massachusetts Institute of Technology, who was shot at his home near Boston. The 47-year-old professor from Portugal was shot Monday night and died Tuesday at a local hospital.Authorities have not provided any details about a possible motive in the killing or any other details. No suspects were in custody as of Wednesday morning, the Norfolk District Attorney’s Office said.The shooting in Brookline, Massachusetts, took place just days after a deadly shooting at another prestigious school in the region, Brown University, where…
Mexican and American flags attached to vehicles at a Tricolor dealership in Houston, Texas, US, on Thursday, Sept. 11, 2025. Mark Felix | Bloomberg | Getty ImagesThe CEO of subprime auto firm Tricolor directed a deputy to send him $6.25 million in bonuses in August as fraudulent schemes propping up the company unraveled, U.S. prosecutors alleged.Daniel Chu, the CEO and founder of Tricolor, told Chief Financial Officer Jerome Kollar to send the final two payments of his $15 million annual bonus on Aug. 19 and 20, according to a federal indictment unsealed on Wednesday.Chu, who is accused of engaging in…
National Geographic-Lindblad Expeditions will unveil Evolve in 2027, which will join sister ship Connect, and sail on European Christmas market itineraries.“Evolve gives us the ability to meet rising demand for our European river expeditions while staying true to our way of traveling – taking people to remarkable places and showing them how to see them in a truly authentic way,” said Lindblad Expeditions CEO Natalya Leahy. Itinerary highlights include the “Christmas Markets on the Danube,” which will visit holiday markets in Budapest, Bratislava, Slovakia and Vienna, along with destinations such as Český Krumlov in the Czech Republic, and Salzburg and…
Netflix and audio powerhouse iHeartMedia have entered into a new partnership to bring 14 video podcasts exclusively to Netflix in early 2026, the companies announced Tuesday. This represents Netflix’s second major step into the podcast space, following its recent collaboration with Spotify. The new video podcast episodes will premiere on Netflix in the U.S. in early 2026, with plans to expand to additional markets. As part of the agreement, Netflix will get a diverse range of shows spanning comedy, crime, history, sports, and more, which feature notable names such as “Dear Chelsea” with Chelsea Handler, “The Breakfast Club” with Charlamagne,…