Article by EDITORIAL TEAM

Key Points: General Motors recruited new product chief Sterling Anderson with a massive pay package totaling up to $40 million. Anderson previously served as a co-founder and chief product officer at the autonomous-trucking company Aurora. The former Tesla executive will oversee the development of new electric vehicles, gas-powered cars, and software at GM. Industry insiders already view Anderson as a strong potential successor to current...

Key Points: Tim Cook announced he will officially step down as CEO of Apple on September 1. John Ternus, the current Senior Vice President of Hardware Engineering, will succeed Cook as the new CEO. Cook will remain highly involved with the technology giant by serving as executive chairman. Ternus brings 25 years of experience at Apple, leading major projects like the iPhone and Mac transitions....

Key Points: The Federal Aviation Administration officially ordered an investigation into Sunday's Blue Origin New Glenn 3 rocket failure. A massive second-stage failure prevented the rocket from deploying an AST SpaceMobile communications satellite into the correct orbit. The FAA requires Blue Origin to conduct a thorough mishap investigation and submit a detailed final report. Blue Origin cannot resume rocket flights until the federal government approves...

Key Points: USA Rare Earth will acquire Brazilian miner Serra Verde in a massive cash-and-stock deal valued at exactly $2.8 billion. The buyout gives the American company total control over the Pela Ema mine, which holds highly valuable heavy rare earth elements. The United States government previously provided USA Rare Earth with a massive $1.6 billion debt-and-equity funding package. Following the massive acquisition announcement, shares...