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Ford’s EV “Model T” moment starts with a $30,000 midsize truck

Max Knoblauch

Ford on Monday touted a new vision for producing low-cost electric vehicles in the US, drawing parallels between the announcement and its iconic Model T.

According to CEO Jim Farley, Ford will build multiple low-cost EVs at its Louisville assembly plant through a new production process. The first vehicle produced through the new platform is planned for 2027 and will be a midsize EV truck starting at $30,000.

Created as a result of a three-year “skunkworks” project helmed by ex-Tesla engineer Alan Clarke, the new production system leaves the single assembly line behind, instead shifting to three concurrent assembly lines that will join together at the end of the production process.

Automation will be central to the new system, which will require 2,200 workers (600 fewer than currently work at the Louisville plant). Ford has said it doesn’t expect layoffs as a result of the new model.

The plans will see Ford invest more than $2 billion into Kentucky.

The announcement comes as Ford has struggled to maintain momentum in its EV business. A new low-cost rival, the Amazon-backed Slate Auto, has garnered significant attention from price-weary customers. Ford’s electric division has already lost more than $2 billion this year through June.

“I don’t think that the new EV startups will be able to keep up with the kind of innovation that you’re seeing in manufacturing, and how they can actually turn this into a reality,” Ford EV chief Doug Field said, seemingly casting some shade at Slate and other EV rivals. “New ideas are easy. Innovation is actually delivering ideas, and delivering those ideas in a way that millions can access them.”

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J. Edward Moreno
2/10/26
Hims built a boundary-pushing health business. Now the legal risks are catching up.

Hims is close to trading as if it never began selling GLP-1s.

Hims & Hers Health CEO Andrew Dudum
business
Nate Becker

Hims to stop offering copy of Wegovy pill following FDA scrutiny

Hims & Hers said it has decided to stop offering its newly launched copycat version of Novo Nordisk’s Wegovy pill, after the telehealth company drew criticism from the Food and Drug Administration. 

“Since launching the compounded semaglutide pill on our platform, we’ve had constructive conversations with stakeholders across the industry. As a result, we have decided to stop offering access to this treatment,” Hims wrote on X.

Shares of Hims are down double digits in premarket trading on Monday, while Novo Nordisk ADRs are up more than 6% as of 5:20 a.m. ET.

On Friday afternoon, the FDA said it would take “decisive steps” to restrict GLP-1 compounding. Department of Health and Human Services General Counsel Mike Stuart said on social media Friday he had referred Hims to the Department of Justice “for investigation for potential violations by Hims of the Federal Food, Drug, and Cosmetic Act and applicable Title 18 provisions.”

Hims launched the product last week, a seeming copy of a recently released and patented drug, which immediately drew fire from Novo Nordisk and regulators.

Hims & Hers Comms on X

Hims & Hers Comms on X: "Since launching the compounded semaglutide pill on our platform, we’ve had constructive conversations with stakeholders across the industry. As a result, we have decided to stop offering access to this treatment. We remain committed to the millions of Americans who depend on us" / X

Shares of Hims are down double digits in premarket trading on Monday, while Novo Nordisk ADRs are up more than 6% as of 5:20 a.m. ET.

On Friday afternoon, the FDA said it would take “decisive steps” to restrict GLP-1 compounding. Department of Health and Human Services General Counsel Mike Stuart said on social media Friday he had referred Hims to the Department of Justice “for investigation for potential violations by Hims of the Federal Food, Drug, and Cosmetic Act and applicable Title 18 provisions.”

Hims launched the product last week, a seeming copy of a recently released and patented drug, which immediately drew fire from Novo Nordisk and regulators.

Hims oral semaglutide

Hims, long flying under regulators’ radar, finally strikes a nerve with its Wegovy pill copy

It’s unclear if the pill Hims is selling works or if the FDA will allow it.

J. Edward Moreno2/6/26
$1.3M
Max Knoblauch

There’s still plenty of money to be made in brainrot. The top 1,000 Roblox creators earned an average of $1.3 million in 2025 — up 50% from the year prior — according to CEO Dave Baszucki on the company’s fourth-quarter earnings call.

Roblox paid out $1.5 billion to creators last year, meaning its top 1,000 creators took home about 87% of the total pool.

Like other creator economy giants, Roblox rewards its biggest creators for their contributions to user engagement. Creator-made titles like “Grow a Garden” and “Steal a Brainrot” substantially boosted playing time over the course of the year. In September, the company increased its developer exchange rate, or the ratio of in-game currency to cash payout, by 8.5%.

Texas Governor Abbott And Google Make Economic Development Announcement In Midlothian

Alphabet could buy some pretty huge businesses with the amount of money it plans to spend this year

AI outlays have gone full nut-nut. Even Google, one of the most capital-efficient businesses of all time in its heyday, is spending like there’s no tomorrow.

Tom Jones2/6/26

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