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By MICHELLE CHAPMAN, AP Business Writer

The executive leading Tesla’s Cybertruck business is leaving the Elon Musk-led automaker after eight years.

Siddhant Awasthi, the program manager for Tesla’s Cybertruck and Model 3, said on LinkedIn that it wasn’t an easy decision to depart the company. He did not provide details on what he will be doing next.

Awasthi said he began as an intern at Tesla and was involved in “ramping up Model 3, working on Giga Shanghai, developing new electronics and wireless architectures, and delivering the once-in-a-lifetime Cybertruck – all before hitting 30. The icing on the cake was getting to dive back into Model 3 work toward the end.”

Last month Tesla announced that it was recalling more than 63,000 Cybertrucks in the U.S. because the front lights are too bright, which may cause a distraction to other drivers and increase the risk of a collision.

In March U.S. safety regulators recalled virtually all Cybertrucks on the road. The NHTSA’s recall, which covered more than 46,000 Cybertrucks, warned that an exterior panel that runs along the left and right side of the windshield can detach while driving, creating a dangerous road hazard for other drivers, increasing the risk of a crash. read more

By CHAN HO-HIM, AP Business Writer

HONG KONG (AP) — Vaishnavi Srinivasagopalan, a skilled Indian IT professional who has worked in both India and the U.S., has been looking for work in China. Beijing’s new K-visa program targeting science and technology workers could turn that dream into a reality.

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The K-visa rolled out by Beijing last month is part of China’s widening effort to catch up with the U.S. in the race for global talent and cutting edge technology. It coincides with uncertainties over the U.S.’s H-1B program under tightened immigrations policies implemented by President Donald Trump. read more

Associated Press

WASHINGTON (AP) — The Veterans Day holiday began more than a century ago, albeit under a different name, as a celebration of the end of World War I. Over time its name and purpose evolved into a day of recognition for U.S. veterans of all wars as well as those currently serving in uniform.

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It’s also day off for U.S. postal workers and federal government employees, though most of them are not reporting to work right now during the longest government shutdown in U.S. history.

Many Veterans Day celebrations have been canceled due to the government shutdown. read more

Port Canaveral chairman and retired Coast Guard Rear Admiral Wayne Justice has died, according to a statement released Saturday by the Canaveral Port Authority. He was 70.

Justice had been absent from last week’s State of the Port address, during which fellow commissioner Kevin Markey remarked Justice had been “contending with a health issue that prevents him from joining us. We send our sincere hopes for his recovery.”

Justice was reelected to the commission in 2022 and was in the midst of serving his third four-year term. This year, he was serving for the third time as commission chair.

“He was a champion for the port, his beloved Coast Guard, and our port district community,” the port authority statement read. “His spirit, enthusiasm, leadership and passion for the maritime industry will be deeply missed. We extend our heartfelt condolences to his wife Barbara and his entire family.”

Justice wasn’t up for reelection again until 2026. A replacement on the board until then would be appointed by Gov. Ron DeSantis. read more

By STAN CHOE, AP Business Writer

NEW YORK (AP) — Big Tech and other superstars of the U.S. stock market are rallying on Monday, as Wall Street recovers most of its loss from last week.

The S&P 500 climbed 1.3% to claw back three-quarters of its drop from last week, which was its first weekly loss in four. The Dow Jones Industrial Average was up 245 points, or 0.5%, as of 1:15 p.m. Eastern time, and the Nasdaq composite was 2.1% higher.

Nvidia was by far the strongest force lifting the market and rallied 4.8%. It’s a bounceback after Nvidia and other winners in the frenzy around artificial-intelligence technology were at the center of last week’s drop. Critics say their stock prices shot too high and too fast in the mania around AI, drawing comparisons to the 2000 dot-com bubble that ultimately burst.

Taiwan Semiconductor Manufacturing Co., which makes chips for Nvidia and other companies, saw its stock that trades in United States rise 3.1% after reporting that its revenue climbed nearly 17% in October from a year earlier. While such growth is strong compared with other companies, it’s a slowdown from TSMC’s earlier performance. read more