Axios

Tesla's massive investments in humanoid robots, self-driving cars and AI chips are hurting profits, but the company says it'll all pay off down the line.

Why it matters: CEO Elon Musk indicated he's "never been more optimistic about the future," but acknowledged the investments could lead to uneven results.

House Republicans officially kicked off reconciliation 3.0 on Wednesday, narrowly approving a budget framework to unlock work on their planned $95 billion package.

Why it matters: The vote gets Republicans into the reconciliation process, but lawmakers in both chambers have signaled the package itself faces a difficult path to passage.

NovaGold Resources (TSX: NG) on Wednesday announced plans to buy the 40% stake it doesn't already own in Donlin Gold Holdings, creating a company valued at $4.2 billion.

Why it matters: Mining M&A has hit the motherlode this year.