Northvolt, a Swedish maker of lithium-ion batteries that once was valued by venture capitalists at nearly $12 billion, has filed for bankruptcy.
Why it matters This is a massive blow to Europe's EV manufacturing goals, as Northvolt was viewed as the best homegrown chance for reducing reliance on China.
The odds of COP29 endingFriday went from slim to none as summit hosts unveiled draft finance goals falling far short of what vulnerable countries and analyses say are needed.
Why it matters: The UN climate talks' main goal this year is a new deal to vastly boost climate aid from wealthy industrial powers to developing nations.
A powerful atmospheric river-fueled storm lashing the Pacific Northwest left Northern California under a high risk for excessive rainfall and southern Oregon under moderate risk on Thursday night.
The big picture: The heavy rain, snow and "life-threatening" flood threats that are tied to an abating bomb cyclone are expected to last into early Saturday and forecasters said potentially record rainfall was possible, as Santa Rosa in California's Sonoma County was flooded with heavy rains. The storm system killed at least two people in Washington earlier this week.
