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US auto workers strike to protect against shift to electric vehicles, UK PM skips climate summit. Instacart raises IPO price range after Arm's success. UK's slipping image as climate leader and US student loan repayment restart
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- The autoworkers strike is driven by the need to protect workers from job losses and secure higher pay in the face of the shift to electric vehicles.
- UK Prime Minister's decision not to attend the UN General Assembly climate summit raises concerns about the government's commitment to fighting climate change and may affect the UK's reputation as a global leader on environmental issues.
Deep dives
United Auto Workers Union Strike against Automakers over Electric Vehicles and Pay
The United Auto Workers Union has resumed negotiations with Detroit automakers after thousands of workers went on strike. The strike aims to secure higher pay and protect workers against the shift to electric vehicles. The UAW wants to ensure that future cars are built with union labor, as the major player in electric vehicles, Tesla, is anti-union. Furthermore, the move to electric vehicles could result in job losses as they require fewer parts compared to internal combustion engines.
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Listen to the best highlights from the podcasts you love and dive into the full episode