Transportation

Airlines tighten belts to cut expenses as revenue plummets; Casinos bide their time until they can re-open; and Concert Facilities & Sporting Events go silent. [more]

Uber’s stock price increased after reporting a $2.9B loss and withdrawing guidance. Lyft’s stock price was also higher after reporting a $398M loss but more rides. However, California’s attorney general sued both for violating the recently passed state law regarding gig economy workers. [more]

All have different opinions as the COVID-19 pandemic has driven different strategies from CEOs of various investment firms including Berkshire Hathaway, Apollo, Pershing Square, and BlackRock, and research firm Rosenberg Research & Associates. [more]

Tesla’s stock price is up 108% and Nikola announces an RTO on the NASDAQ. The EV industry has surged during the past 5 years, but the onset of the COVID-19 virus has affected automobile supply chains and retail operations globally. [more]

As economies shutter down due to the Covid-19 virus, companies are experiencing a cash crunch as debt obligations reach maturity, corporations experience a drop in credit ratings, and financing options are limited. [more]

Last week, Last Mile Holdings, previously known as OjO Electric Corp, announced the completed acquisition of Gotcha Mobility, a company with over 20,000 e-bikes and e-scooters permits across 80 locations. [more]

Waymo, a subsidiary of Alphabet Inc. focused on autonomous driving, announced this week its first external investment round, to be used towards supporting its current strategy of expanding partnerships. [more]

The global waste management market was valued at US$330.6 billion in 2017 and is expected to reach US$530 billion by 2025, growing at a CAGR of 6%. [more]