Democratic Rep. Mike Capuano has conceded defeat to Boston city councilor Ayanna Pressley in the Massachusetts primary for his US House seat, the latest upset to rock the Democratic Party.
Ford Motor Company has announced an indefinite suspension of its electric F-150 Lightning production, resulting in a $19.5 billion charge against its earnings. Despite this, the automaker has raised its annual operating profit target to $7 billion, reflecting robust sales of its traditional gasoline-powered vehicles.