NYC bans new electric taxi licenses

New York’s taxi regulator voted Tuesday to stop issuing new for-hire licenses for electric vehicles, snubbing a ride-share company that wanted to launch an all-Tesla ride-sharing rival to Uber and Lyft.  The five-to-one vote by the Taxi and Limousine Commission blocks electric transit startup Revel from launching its fleet of 50 Model Y Tesla taxis without breaking …

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Thiel-backed psychedelic drugmaker valued at $3.2B in Nasdaq debut

Shares of Atai Life Sciences, backed by billionaire investor Peter Thiel, surged 40 percent in their U.S. stock market debut on Friday, giving the German psychedelics startup a market capitalization of $3.19 billion. The Berlin-based biotech startup, which is exploring the use of psychedelic treatments for mental illnesses, raised $225 million from selling 15 million shares in …

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