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Apple expands India manufacturing
Also in this newsletter: better-off Indians’ growing reliance on borrowing, and foreign direct investment shrinksFinancial Times - Feb. 21 -
Apple to build AI server manufacturing factory in U.S.
Apple has committed to investing $500 billion in the U.S. over the next four years. CEO Tim Cook says the investment will include the creation of a 250,000-square-foot artificial intelligence ...CBS News - 4d -
Maryland city offers $20,000 to relocate to former manufacturing hub
Cumberland, Maryland, is one of more than 70 places that have paid people to relocate over the past five years.CBS News - 4d -
Eli Lilly plans at least $27 billion in new U.S. manufacturing investments
It comes as companies work to build goodwill with Trump, who has emphasized reshoring manufacturing to the U.S. and reducing reliance on foreign supply chains.CNBC - 2d -
USAID freeze slams American manufacturer of item that saves babies' lives
In the weeks since the White House began targeting USAID for closure, services to a variety of life-saving causes have faltered.CBS News - 10h -
Eli Lilly to spend $27 billion to expand U.S. manufacturing with four new sites
Eli Lilly & Co.’s stock rose 1.6% Wednesday, after the drug company announced plans to expand its U.S. manufacturing sites by adding four more locations this year, along with 13,000 high-wage jobs.MarketWatch - 2d -
Manufacturers boost durable-goods orders ahead of tariffs, but industry slump hasn’t ended
A key measure of business orders rose in January for the third month in a row, but it’s likely the sudden improvement reflects businesses rushing to buy parts and supplies ahead of potential U.S. ...MarketWatch - 1d