JPMorgan Sees Biotech Sector at Turning Point, Upgrades Top Pharma Stocks 
Australia Sues 3M for Over A$2 Billion Over PFAS Firefighting Foam Contamination 
Meta Subscription Push Could Add Billions in Recurring Revenue, Says Rosenblatt 
U.S. Launches New Strikes on Iran as Trump Signals Peace Deal Uncertainty 
Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment 
New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices 
S&P 500 Hits Record High as Tech Rally Slows Amid Iran Peace Uncertainty 
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks 
Synopsys Q2 FY2026 Earnings Beat Driven by AI and Semiconductor Demand 
Oil Prices Set for Sharp Weekly Losses as U.S.-Iran Ceasefire Hopes Ease Supply Concerns 
US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 
Dow Hits Record High as Healthcare and Consumer Stocks Lead Wall Street Rally 
Oil Prices Jump After New U.S. Strikes on Iran Raise Supply Concerns 
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge 
Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes 
S&P 500, Nasdaq Hit Record Highs as Iran Ceasefire Talks and AI Rally Boost Markets 
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution 
General Motors delivered 150 units of electric delivery vans to FedEx, and this was announced this week. The Detroit, Michigan-headquartered automaker shared that the transport and courier company received its BrightDrop brand electric vans, and more will be delivered in the future.
As per CNN Business, General Motors and FedEx previously announced that they have signed a deal for the latter's purchase of 2,500 BrightDrop electric delivery vans, and the second shipment will be completed this month. There is also a negotiation for an order of another 20,000 units, but the decision for this is still pending.
FedEx will be using 2,500 BrightDrop Zevo 600 for its operations across the country over the next few years. The second delivery comes several months after General Motors handed over just five units in December. Thus, this order fulfillment served as BrightDrop's first sizable delivery of its electric vans.
It was mentioned that Walmart has also made a deal with GM's BrightDrop to use the same electric delivery vans for its operations. The demand for electric vans from major companies is raising the competition for its production from some automakers, with the exception of Tesla, which is sticking to the manufacturing of cars.
"At FedEx, we have ambitious sustainability goals, and our phased approach to vehicle electrification is a crucial part of our roadmap to achieve carbon-neutral global operations," FedEx's chief sustainability officer, Mitch Jackson, said in a press release.
He went on to say, "In just under six months, we've taken delivery of 150 BrightDrop Zevo 600s for our parcel pickup and delivery fleet. In today's climate of chip shortages and supply chain issues, that's no ordinary feat and a true testament to the collaboration between FedEx and BrightDrop."
Meanwhile, Fox Business reported that GM's BrightDrop Zevo 600 can travel at the range of up to 250 miles if fully charged. It can carry up to 2,200 pounds of payloads that FedEx can deliver to its customers.
It was revealed that BrightDrop is also planning to make another version of the van which will be called the Zevo 400 van. This is the smaller version of the BrighDrop Zevo 600 and is ideal for more frequent deliveries. It is expected to be introduced in the last quarter of 2023.
