Julie Chang

A White House official said the project will combine $1.67 billion in private capital and a $10 billion loan from the U.S.

Export-Import Bank.

The venture was reported earlier by Bloomberg.

The White House official said more than a dozen companies have agreed to participate in the project, including General Motors, Stellantis, and Google.

GM declined to comment.

Stellantis and Google did not immediately comment.

And the parent company of Saks Fifth Avenue will wind down its partnership with Amazon to prioritize its own businesses after filing for bankruptcy last month.

Saks Fifth Avenue and Amazon joined forces in December 2024.

Amazon invested $475 million in Saks Global on the condition that Saks sell merchandise on Amazon's website.

Here's your afternoon TNB Tech Minute for Friday, January 30th.

I'm Julie Chang for The Wall Street Journal.

Uber's food delivery business will pay $3.5 million in worker pay restitution and civil penalties as part of an order by the New York City government.

The New York mayor's office said today an investigation by the Department of Consumer and Worker Protection alleged that Uber Eats failed to pay workers the minimum pay rate between December 2023 and September 2024 for time spent on canceled trips.

Uber also agreed to reinstate workers who were wrongfully deactivated.

The company's communications director said Uber is glad to have the issue resolved.

Food delivery platforms Fontuan and Hungry Panda are also being ordered to make similar payments for a total amount of $5.2 million.

Tesla shares closed up over 3%.

Reports yesterday claimed that the electric vehicle maker might merge with SpaceX.

The private space exploration company was founded by Tesla CEO Elon Musk.

and is slated for an initial public offering later this year.