• Reuters

    Automakers win extension on use of Chinese graphite in EV tax credits

    The U.S. Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax credits on some crucial trace minerals from China, such as graphite. The department said it would give automakers until 2027 to remove some hard-to-trace minerals like graphite contained in anode materials and critical minerals contained in electrolyte salts, binders, and additives. New rules took effect on Jan. 1 restricting Chinese content in batteries eligible for EV tax credits of up to $7,500, which sharply cut the number of eligible vehicles.

  • Yahoo Finance Video

    Amgen surges over confidence in early obesity drug results

    Shares of Amgen (AMGN) are jumping Friday morning after the company showed confidence in early results from a GLP-1 weight-loss drug that is in development to treat obesity. The pharmaceutical giant beat first-quarter revenue estimates while reporting a loss of $113 million. Yahoo Finance Senior Health Reporter Anjalee Khemlani joins The Morning Brief to break down the latest developments from Amgen and its outlook on use cases for the drug in question, MariTide. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino

  • The Canadian Press

    Federal government providing $104M to help Toronto host six 2026 World Cup games

    TORONTO — The federal government will provide the city of Toronto with $104.34 million to help host six matches at the 2026 FIFA World Cup. Toronto Mayor Olivia Chow and federal Sports Minister Carla Qualtrough made the funding announcement Friday at Toronto's BMO Field, where the matches will be held. Toronto has estimated its part of hosting the expanded 48-team soccer showcase will cost $380 million, an increase of $80 million compared to a 2022 forecast. In February, the provincial governmen