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Mercedes EQS sedan. Photo: courtesy of Mercedes

Mercedes has unveiled its first luxury all-electric sedan, and the EQS is headed for U.S. markets late this year.

Why it matters: It's the first of a bunch of upcoming EVs from the German automaker as competition in the market intensifies.

What we don't know: The price. I guess we know it won't be cheap. Here's the Associated Press...

  • "The EQS is the sibling to the company’s S-Class large internal-combustion sedan, the luxury brands flagship model that sells for $110,000 and up."
  • "The two cars aim at the same upper end of the market, though the EQS is set apart by being [built] on the company’s electric-vehicle architecture, or EVA."

How it works: "Sporting what the automaker claims is the world's lowest drag coefficient (0.20) and the world's largest in-car screen (56 inches), and making as much as 516 horsepower, the EQS ... aims to put the Mercedes stamp on the electric-vehicle segment by starting at the top," Car and Driver reports.

What we're watching: The EPA-estimated range of the models sold in the U.S.

  • That's still unknown, but The Verge's detailed and photo-rich coverage points out that European testing shows 478 miles, though that will "most likely drop" in EPA tests.

Go deeper

Walmart invests in autonomous driving company Cruise

Illustration: Eniola Odetunde/Axios

Walmart, along with others, has made a new investment in self-driving car company Cruise, bringing its most recent funding round to $2.75 billion at a valuation of more than $30 billion. The two had previously announced a delivery pilot program in November.

Why it matters: Walmart's biggest rival, Amazon, has been leading the charge on the autonomous driving front, acquiring Zoox last year, and investing in electric vehicle company Rivian.

  • The retailer joins an investor group that includes Microsoft, GM, Honda and others. GM acquired Cruise in 2016 in an effort to accelerate the car company’s development of autonomous vehicle technology.
Tina Reed, author of Vitals
9 mins ago - Health

Health care workers hit new breaking point

Illustration: Shoshana Gordon/Axios

The ranks of health care workers are dwindling and stretching what it means to be reaching their "breaking points," particularly at small nonprofit hospitals.

The big picture: Even as Omicron cases have begun to wane in some places, many hospitals are still fielding a crush of patients amid record employee callouts.

Sarah Palin tests positive for COVID, delaying defamation trial

Sarah Palin. Photo: Matthew Staver/Bloomberg via Getty Images

Former Alaska Gov. Sarah Palin (R) tested positive for COVID-19 on Monday, delaying the start of her defamation trial against the New York Times.

Why it matters: The trial will be closely watched, as it's a rare instance of a major media company defending its editorial practices before an American jury.