•British autonomous driving startup Wayve secured an additional $60 million in funding from semiconductor giants Qualcomm, AMD, and Arm.
•This strategic investment follows a larger $1.2 billion round in February, bringing all major semiconductor names, including Nvidia, on board as investors.
•Wayve's unique approach focuses on developing AI that works with various automakers and does not rely on high-definition maps.
•Duke Energy filed requests with the North Carolina Utilities Commission to recover fuel and purchased power costs incurred during extreme winter weather.
•The costs are expected to be reflected in customer rates beginning June 1.
•Record energy demand in late January and early February forced the utility to purchase power from other providers.
•Fifth Third Bank received an 'Outstanding' rating from the Office of the Comptroller of the Currency (OCC) for its Community Reinvestment Act (CRA) examination.
•The bank invested nearly $410 million in urban communities through its Neighborhood Program between 2022 and 2024.
•The Board of Trustees of abrdn National Municipal Income Fund approved the removal of a policy restricting high-yield municipal security investments to 20% of the portfolio.
•This investment policy change is scheduled to take effect on June 1, 2026.
•The ALPS Electrification ETF (ELFI) provides broad electrification exposure through utilities, uranium, copper, and two other sectors with equal weighting.
•Investors are moving beyond direct AI plays to focus on electrification infrastructure needed to power data centers and artificial intelligence (AI) growth.
•Faraday Future amended its securities purchase agreement with Gold King Arthur Holding Limited, increasing the investment from $10 million to $12 million.
•The amendment includes the elimination of an anti-dilution provision intended to strengthen stockholder protections.
