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Shares of stocks linked to agriculture, soybeans and cooking oil are are up on Wednesday after President Donald Trump said that the U.S. was considering “terminating business with China having to do with Cooking Oil and other elements of Trade” as retribution against Beijing for refusing to buy American soybeans. Pinnacle Food Group Limited (PFAI) shares were up over 77%, Sadot Group Inc. (SDOT) was up over 87%, and Australian Oilseeds Holdings Limited (COOT) rose over 260% at the time of this writing in midday trading on Wednesday. Pinnacle Food Group Limited sells smart farming solution services, Sadot Group is a Texas-based global food supply chain company, and Australian Oilseeds Holdings has grown to be the largest cold pressing oil plant in Australia, pressing GMO-free conventional and organic oilseeds. This marks the latest chapter, and second week, in Trump’s ongoing trade and tariff war with China, which reignited October 9 with restrictions on rare earth mineral exports, vital for U.S. chipmakers and the tech and defense industries. Last week, Trump said he was putting 100% tariffs on Chinese goods after Beijing added five American subsidiaries of a South Korean shipping company to its sanctions list. “I believe that China purposefully not buying our Soybeans, and causing difficulty for our Soybean Farmers, is an Economically Hostile Act,” Trump said Tuesday on his social media platform Truth Social. “We can easily produce Cooking Oil ourselves, we dont need to purchase it from China.” China responded that its position on tariffs remains the same: A trade war is in neither country’s interest. The latest row comes ahead of Trump’s scheduled meeting with Chinese president Xi Jinping in South Korea later this month.
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E-Commerce
Robotaxi pioneer Waymo plans to expand to London next year, marking the companys latest step in rolling out its driverless ride service internationally. Waymo said Wednesday that it will start testing its self-driving cars on London streets in the coming weekswith a human safety driver behind the wheelas it seeks to win government approval for its services. In a blog post, Waymo said it will lay the groundwork for its London service in the coming months. The company said it will continue to engage with local and national leaders to secure the necessary permissions for our commercial ride-hailing service. Waymos self-driving taxis have been operating in the United States for years, and currently serve the cities of Phoenix, San Francisco, Los Angeles, Atlanta, and Austin. This year, the company made its first moves to expand internationally by teaming up with local partners in Japan for testing, though no launch date has been set for commercial service there. The company began as a secret project within Google and was then spun out from the tech giant. Waymo will have to follow new U.K. regulations on self-driving cars that pave the way for autonomous vehicles to take to the country’s roads. They require self-driving cars to have a safety level at least as high as careful and competent human drivers and meet rigorous safety checks. The company will be able to take part in a pilot program for small-scale” self-driving taxi and bus services that the government plans for spring 2026. Waymo will also have to stick to rules from Transport for London, the city’s transport authority, which oversees licensing for its famous traditional black cabs as well as other taxi operators like Uber.
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E-Commerce
U.S. quantum computing firm D-Wave Quantum has struck a deal with a company called Swiss Quantum Technology (SQT) to bring D-Waves Advantage2 quantum computer to Europe. The deal, which amounts to 10 million ($11.63 million), will see D-Waves quantum computer deployed in Italy, where it will play a role in supporting the Italians efforts toward large-scale digital transformation, D-Wave announced on Wednesday. It will be part of a joint effortcollectively called the Q-Alliance”between D-Wave and IonQ, another American quantum computing company. In its announcement on Wednesday, D-Wave said little about what SQT does, and scant information about the company is accessible online. When contacted for comment by Fast Company, a rep for D-Wave described it as “a Swiss company that has been established to focus on quantum hybrid applications and research.” Shares of Palo Alto, California-based D-Wave rose after the announcement and were up around 1.29% in early afternoon trading. The stock has had an astounding run since last year, growing more than 4,235% over the last 12 months as excitement around quantum computersseen by many experts as a transformative technologyhas hit fever pitch. “A very important day” D-Waves CEO, Alan Baratz, said during a short livestreamed announcement on Wednesday morning that it’s “a very important day for Italy, for the Q-Alliance, and for D-Wave as we are now bringing one of the worlds largest quantum computers to the region.” The announcement comes after D-Wave made waves earlier this year by announcing that it had achieved quantum supremacy, by knocking out computations that would have taken roughly 1 million years to solve on a classical computer. Accordingly, Baratz said that D-Waves Advantage2 is the only quantum computer in the world thats been able to solve an important, useful, real-world problem that could not be solved classicallyreferring to the quantum supremacy announcement, which involved D-Waves quantum computer simulating the properties of magnetic materials. This is what everybody [in the quantum industry] has been aspiring to, he said, and thats been achieved. D-Waves quantum computing technology is already being used in other parts of the world. A police department in Wales, for instance, is using it to predict and analyze police force deployments. Ford Otosan, a Turkey-based auto manufacturer representing a joint effort between Ford and Koç Holding, is using D-Wave tech as a part of its assembly process. And in Japan, a cellphone carrier is using it to improve its network performance. D-Wave announced the general availability of its Advantage2 in May of this year. News that it is bringing one to Italy may be seen as more evidence that the quantum industry is set for a breakoutdespite skepticism from some tech leaders who have contended that practical use cases are still years away.
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E-Commerce
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