August 11, 2025 - 22:40

Once promising a glimpse at the possible future of transportation in New York City, Revel has decided to halt its electric vehicle ride-share operations. The company, which aimed to revolutionize urban mobility with its fleet of electric scooters and cars, is now redirecting its efforts towards the development of charging infrastructure.
This shift marks a significant change in strategy for Revel, which had garnered attention for its innovative approach to ride-sharing in a city known for its heavy traffic and pollution. The ride-share market has become increasingly competitive, and Revel's decision to pivot reflects the challenges faced by many companies in the sector.
By focusing on building charging stations, Revel aims to support the growing demand for electric vehicles and contribute to a more sustainable urban environment. The company believes that enhancing the charging infrastructure is crucial for the future of electric mobility in New York City, ultimately benefiting both consumers and the environment.
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Relmada Therapeutics Reports First Quarter 2026 Financial Results and Provides Business UpdateRelmada Therapeutics has released its financial results for the first quarter of 2026, alongside a business update that focuses heavily on its lead oncology candidate, NDV-01. The company reported...
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Tax break for United Center’s 1901 Project advances amid union pushbackA request for a property tax break tied to the United Center`s massive 1901 Project has cleared a key hurdle, even as labor unions raise objections over job guarantees. The incentive, which would...
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Business Briefs May 11, 2025: Business news in the Berkshires and beyondThe Williams College Museum of Art has announced a major expansion project, adding new gallery spaces and a dedicated education center. The $45 million renovation aims to double the museum`s...
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AOC-Backed $25 Minimum Wage Plan Raises Fears for Small Businesses in Red StatesA push for a $25 federal minimum wage, backed by progressive lawmakers including Alexandria Ocasio-Cortez, is drawing sharp criticism from economists and small business owners who warn the policy...