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  • Tesla ($224B market cap) shares surge after the company reported 90,650 vehicle shipments in the second quarter, handily beating analyst estimates of 74,130 units; the company did not break out figures for each model and country, but China saw 16.2k Tesla registrations in April and May; Tesla expects to produce 150k vehicles at its Shanghai factory by year's end - Link

  • Rep David Cicilline (D-RI) says Tim Cook, Mark Zuckerberg, Jeff Bezos, and Sundar Pichai will all testify in front of the House Judiciary Committee later this month; Kara Swisher says Cicilline confirmed the info with her, but full details of the antitrust hearing remain unclear - Link

    Update: the House Judiciary Committee says it’s still being discussed whether the hearings will be in-person or virtual; dates are also yet to be determined - Link

  • Elon Musk says Tesla will build mobile molecule printers designed by Germany's CureVac; the unit, which Musk described as an RNA micro-factory, was designed to serve doctors in remote locations, having the ability to produce a COVID-19 vaccine candidate and other mRNA-based therapies; CureVac is also building a stationary site with greater production capacity - Link

  • VMware ($642B market cap) acquires cloud data recovery firm Datrium; terms undisclosed; Datrium provides tools for handling disaster situations such as ransomware attacks, system failures, and more; raised $120M to date - Link

  • SoftBank is seeking to cancel a five-year deal with troubled payments firm Wirecard, according to sources for The Wall Street Journal; SoftBank helped facilitate a $1B Wirecard convertible bond sale in April 2019; the bonds are set to mature over five years, with the debt repaid as stock; Germany-based Wirecard is facing financial difficulties following an accounting scandal - Link