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The next holy grail for EVs: Batteries free of nickel and cobalt

By Matt McFarland, CNN Business Twenty-one years ago, Bart Riley and co-founders bet their short-lived company, A123 Systems, on batteries free of nickel and cobalt. They believed the battery technology offered several benefits for automakers in the then-nascent electric vehicle space. The Massachusetts-based startup pitched Tesla on its batteries between 2008 and 2011, Riley recalled,

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California drought could cut state’s hydropower in half this summer

by Matt Egan, CNN The severe drought in California threatens to significantly undermine the state’s ability to generate hydroelectric power, raising costs for families and driving up planet-warming emissions, according to a federal government forecast. Assuming drought conditions persist, California’s hydroelectric generation would be 48% less this summer than if water conditions were normal, the

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Target is ramping up discounts. Here’s why

By Nathaniel Meyersohn, CNN Business Target is stuck with too much home decor and too many TVs. To clear out the glut, it will ramp up discounts. The retail giant said Tuesday that it would mark down prices on some bigger-ticket items that consumers have pulled back on purchasing and cancel pending orders from suppliers.

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Chances are fairly high that you’re investing in a gun retailer. Here’s how to tell

By Nicole Goodkind, CNN Business The recent string of deadly shootings may send investors searching their portfolios to determine if they have exposure to ammunition manufacturers or companies that sell guns. Chances are that they do. The gunmakers In recent years, large asset managers like BlackRock have offered investors access to alternative funds that don’t

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Customers shop for bread at "1000 Trees" shopping mall in Putuo district on May 26

Shanghai aims for business as usual but hurdles remain

By Michelle Toh, CNN Business China’s richest and most international city is trying to return to business as usual after a two-month lockdown, but some restrictions will remain in place. Shanghai authorities on Sunday pledged to allow all businesses to open up from Wednesday. The city’s deputy mayor, Wu Qing, announced the easing of restrictions

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