Exclusive: Tesla’s secret batteries aim to rework the math for electric cars and the grid

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(Reuters) – Electric car maker Tesla Inc (TSLA.O) plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next that it expects will bring the cost of electric vehicles in line with gasoline models, and allow EV batteries to have second and third lives in the electric power grid.

FILE PHOTO: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo

For months, Tesla Chief Executive Elon Musk has been teasing investors, and rivals, with

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Nitric oxide studies aim to help to treat Covid-19

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A Cataldo EMS team transports a suspected Covid-19 patient from Chelsea to Massachusetts General Hospital on April 23, 2020 in Boston, Massachusetts United States.

David Degner | Getty Images

Medical researchers are testing whether inhaled nitric oxide could help treat patients with the coronavirus.

A range of studies and clinical trials underway at Massachusetts General Hospital aims to find out if the familiar treatment can help save those who are sick, prevent people from being intubated and potentially even keep health care workers infection-free.

As of Friday, more than 3.25 million people had contracted Covid-19 worldwide, with 233,439 deaths, according

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Virgin Australia enters voluntary administration with aim to recapitalise

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SYDNEY (Reuters) – Virgin Australia Holdings Ltd (VAH.AX) said on Tuesday it entered voluntary administration to recapitalise the business and emerge in a stronger financial position after being battered by the coronavirus crisis and a high debt load.

FILE PHOTO: A Virgin Australia plane at Kingsford Smith International Airport the morning after Australia implemented an entry ban on non-citizens and non-residents to curb the spread of the coronavirus, in Sydney, Australia, March 21, 2020. REUTERS/Loren Elliott

Deloitte has been appointed as the administrator, the airline said in a statement, adding it had been unable to secure a A$1.4

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Locked-down investors aim algorithms at chaotic currency markets

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LONDON (Reuters) – A new breed of trading algorithms has deftly navigated the turbulence in currency markets caused by the coronavirus pandemic, driving up demand for robots and potentially reshaping the world of foreign-exchange dealing beyond the crisis.

FILE PHOTO: A woman wearing a protective face mask walks past a board showing currency exchange rates in Kiev, Ukraine March 16, 2020. REUTERS/Valentyn Ogirenko/File Photo

Investment banks have seen a surge in clients trading with “algos” since early March as the latest generation has proved faster than humans at adapting to fragmented markets where liquidity can swiftly evaporate, senior executives told

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