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Rivian: Tesla’s Newest Rival | Forbes

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With the emergence of Rivian, the electric vehicle market is no longer a one-horseless-carriage race. Indeed, the 2020s are gearing up to be the decade of the EV. According to research at Oppenheimer, EVs and plug-in electric hybrids accounted for a mere 2.2 percent of all U.S. vehicles sold in the last quarter of 2019. And only a third of those were purely electric. But that is changing rapidly. While only 5.1 million electric cars were sold worldwide in 2018, that figure is expected to surge throughout the decade—21 million units are projected to be sold in 2020, 98 million in 2025 and 253 million in 2030.

Building a new EV, however, requires investing in cutting-edge research into components like battery packs and powertrains. The only company that has been remotely successful is, of course, Tesla—and even it’s had a rough go of it. The question is: Even with $3 billion, does Rivian have enough to realize Scaringe’s electric dreams? If the mighty Tesla has faced so many detours and potholes, what makes Scaringe think that Rivian, which hasn’t made a single car, can have a smooth ride? He doesn’t. “Things will go wrong,” admits the young CEO. And Scaringe, who comes across like a mild-mannered Clark Kent type compared to Musk’s manic Tony Stark, is confident he can overcome any perils or roadblocks. After all, Rivian is built for treacherous terrain.

Read the full profile on Forbes: https://www.forbes.com/sites/chucktannert/2020/02/10/elon-musks-new-nemesis-rivian-founder-rj-scaringe-has-a-3-billion-war-chest-and-tesla-in-his-headlights/#72de0f06182d

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How Steve Aoki Is Staying Creative While Stuck At Home | Ask The Expert | Forbes

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Steve Aoki joins Forbes Senior Editor of Media & Entertainment Zack O’Malley Greenburg live from his Las Vegas home to talk about staying creative, and how the music industry is being impacted by the Coronavirus pandemic.

Forbes ‘Ask The Expert’ is a talk show streamed on Instagram Live every weekday at 12:00 PM EST. Forbes editors will discuss the latest issues surrounding fears, myths, challenges and opportunities our world is facing from this pandemic and offer knowledgeable solutions and commentary. There will be a variety of guests with varying areas of expertise, and our community will be given the chance to engage via Q+A towards the end of the call. In addition to Youtube, these videos will also be distributed across Forbes’ social media channels: Facebook, Twitter, and LinkedIn.

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A Physician’s Perspective On The Coronavirus Pandemic | Forbes

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Dr. David Walton, CEO, Build Health International & physician at Boston’s Brigham and Women’s hospital sits down with Alex Knapp, Forbes Senior Editor, Healthcare and Science to discuss how the Coronavirus pandemic is impacting the healthcare system.

Forbes ‘Ask The Expert’ is a 10-20 minute talk show streamed on Instagram Live every weekday at 12:00 PM EST. Forbes editors will discuss the latest issues surrounding fears, myths, challenges and opportunities our world is facing from this pandemic and offer knowledgeable solutions and commentary. There will be a variety of guests with varying areas of expertise, and our community will be given the chance to engage via Q+A towards the end of the call. In addition to Youtube, these videos will also be distributed across Forbes’ social media channels: Facebook, Twitter, and LinkedIn.

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Waffle House’s Struggles Highlight How Coronavirus Is Killing Restaurants | Forbes

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The past two weeks have been sobering for Waffle House Chairman Joe Rogers, Jr. The chain of no-frills, 24-hour breakfast spots has remained defiantly open in the face of so many disasters that the Federal Emergency Management Agency uses a Waffle House Index to measure their severity. Hurricane Hugo couldn’t shut the doors for long in Charleston in 1989. The same in Georgia when Irma crashed through two years ago. The index was solid green in Joplin, Mo. after a tornado killed 158 people there in 2011. Then came the coronavirus pandemic.

The FEMA index uses the time it takes for Waffle House locations to re-open after calamity strikes. Normally it doesn’t take long, if they even shut down. His system of 2,000 diners in 25 states is “almost comically” well positioned to mobilize in a crisis, Rogers said: It’s family owned, tightly controlled and able to shift resources and supplies from unaffected restaurants to those in need with alacrity.

This week he’s had to close 20% of locations, about 420 in all. Waffle House typically has annual revenue of more than $1.3 billion but with the country on lockdown — and only one drive-thru location and a marginal take-out business — sales are about 30% of what they should be, Rogers said. Thousands of his 40,000 workers are now furloughed.

Read the full profile on Forbes: https://www.forbes.com/sites/chloesorvino/2020/03/29/crippled-by-coronavirus-waffle-house-faces-a-harsh-reality-weve-never-seen-anything-like-this/#2293350b32c5

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