Morning Beat: Royal Dutch Shell plc (ADR) (RDS.A), Tesla Motors Inc (TSLA), and T-Mobile US Inc (TMUS)
Royal Dutch Shell plc (ADR) (NYSE:RDS.A)‘s takeover of smaller rival BG could be in jeopardy should oil prices continue to tank. Concerns of the deal being called off could continue to grow should the two companies fail to come to an agreement on a new deal.
The deal is currently valued at £37 billion, £10 billion less than when it was struck when oil was trading at highs of $60 a barrel. Royal Dutch Shell plc (ADR) (NYSE:RDS.A) shareholders are increasingly pushing for a renegotiation of the deal as oil prices continue to trade at multi-year lows of $38 a barrel.
A 2% increase in oil prices in the recent trading session all but aroused hope that the deal could become more appealing in the coming weeks
Tesla Motors Inc (NASDAQ:TSLA) may have to watch its shoulders more keenly going forward as competition continues to heat up in the electric cars space. Faraday Future is the new electric car company that is already firing shots of its intention to take the Palo Alto automaker head on.
Boasting of the company’s achievements, Nick Sampson, a senior vice president at Faraday says they have what it takes to rival the pioneering electric giant. Eighteen months after inception, the electric startup already boasts of 750 employees with a 3 million square foot factory.
The company is planning to bring to market its first car in a couple of years’, but earlier than the five years that Tesla Motors Inc (NASDAQ:TSLA) took to produce its first model.
The Electronic Frontier Foundation has raised concern over T-Mobile US Inc (NASDAQ:TMUS)’s controversial BingeOn program that continues to evoke throttling concerns. The Foundation claims that the program does indeed throttle videos instead of optimizing them as claimed by the carrier.
EFF claims that on conducting a series of tests, it found out that the application continued to throttle video streams to around 1.5MBps. T-Mobile US Inc (NASDAQ:TMUS) has already defended the program reiterating that customers have an option to turn it on and off.
Even with the feature, the EFF maintains that the application violates net neutrality principles. The foundation believes the FCC should go forth and investigate the scheme, sentiments already echoed by YouTube.
Ford Motor Company (NYSE:F) and DJI are teaming up to spearhead efforts that they hope will give rise to apps that can put drones to better use. As part of this year’s DJI Developers Challenge participants are being encouraged to come up with apps that allow drones to take off and return to a moving Ford truck.
Once deployed the drones should be able to collect data on areas of surveillance as well as beam videos and other info. The project is part of a larger plan as the two companies strive to help the United Nations in search and rescue missions.
The drone-truck surveying system according to Ford Motor Company (NYSE:F) could go a long way in helping the UN, survey hard hit areas, on natural disasters like Tsunamis and earthquakes.
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