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November 6: Tesla Winds Down Cybertruck Production and Prosecutors Detail AI Fraud Charges
At Tesla
Elon Musk says Tesla will wind down Cybertruck production next year to make room for increased production of its Cybercab robotaxi. The move follows years of weaker-than-expected sales for the electric pickup. Musk announced the production shift on social media, with the changes planned for Tesla’s Texas Gigafactory.
In the U.S. economy
U.S. employers added 165,000 jobs last month, while the unemployment rate dipped to 4.1 percent. Separately, the IRS has announced higher federal income tax bracket thresholds and standard deductions for 2027. Tax rates will remain unchanged, but the adjustments could reduce tax bills for eligible workers, families, and retirees.
On Britain’s dairy farms
Dairy processor Freshways is cutting payments to farmers by seven pence a liter. Most affected producers were already receiving less than their production costs, after volatile milk prices, a summer drought, and rising fuel and fertilizer costs linked to the conflict in Iran. Farmer Ian Harvey says milk is leaving farms at a loss and confidence in the sector is “at rock bottom.”
At the Justice Department
Two senior Justice Department officials resigned Friday, including the assistant attorney general for national security, Politico reports. Their departures came one day after the head of the department’s civil rights division left her post.
In AI fraud cases
Prosecutors say three men have been indicted in an alleged $129 million fraud scheme targeting businesses worldwide. Jacob Soall, Sharon Hazan, and Guy Sheetrit are accused of using artificial intelligence to create fake chief executives and lawyers, then persuading employees to authorize money transfers.
In materials research
Researchers at Virginia Tech and the University of Tennessee have characterized a plastic that cellophane bees use to line their nests. Its crystal structure resembles polyethylene, but it breaks down in soil. Virginia Tech says the polyester’s share of nest-lining weight fell from about 73 percent to 40 percent over four months. That measures its changing share, not the total amount of material lost. Researchers are still working out the chemistry before trying to reproduce its useful features.
On preparations for Ukraine
French- and British-led military drills in Poland will test preparations for a possible deployment to Ukraine after a ceasefire. The exercises will rehearse that potential mission.
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