Afternoon Coffee: FAA Releases Commercial Drone Regulations, Tesla Offers to Acquire SolarCity

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The Federal Aviation Administration released rules for the use of commercial drones. The rules take effect in late August and provide safety regulations that are aimed at minimizing the risks drones pose for other aircraft and people on the ground, while still promoting innovation and job growth.

Tesla announced it has offered to acquire solar energy company SolarCity, which Tesla estimates is worth about $2.6 billion to $2.8 billion. According to Tesla, a combination of the two companies would create the “world’s only vertically integrated energy company offering end-to-end clean energy products to our customers. This would start with the car that you drive and the energy that you use to charge it...”

Maersk, the top container shipping carrier, has not made a major acquisition in more than 10 years but said it would be open to such a deal as the company struggles to maintain its leadership position in the industry.

The Japan earthquake in April has caused General Motors to make some changes to its supply chain, including instituting a new policy that requires suppliers to notify the automaker is they are unable to deliver parts. GM CEO Mary Barra said, “We have changed our process to even require communication after sourcing,” according to Automotive News.


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