Search results for OBBBA
Industry
LG Energy Solution posts Q1 operating loss of 207.8 billion won, swings to red
LG Energy Solution posted a first-quarter operating loss of 207.8 billion won due to initial costs from expanding its North American energy storage system production base, and lower volumes of EV pouch products for a strategic customer. Revenue fell 2.5 percent from a year earlier to 6.56 trillion won but rose 1.2 percent from the previous quarter. The company said North American production incentives reflected in results totaled 189.8 billion won.
AI & Enterprise
Musk says U.S. will go bankrupt without AI and robots to solve national debt
Elon Musk said the United States needs artificial intelligence and robots to address its national debt, warning it would go bankrupt and fail as a country without them. Speaking on the Dwarkesh Podcast, Musk said there was no other way to solve the debt. U.S. national debt stands at $38.96 trillion, U.S. Treasury data showed. Rising defence spending and a bill dubbed OBBBA were also cited as factors that could add trillions of dollars to debt.
Industry
LG Energy Solution steps up ESS bet despite rising debt
LG Energy Solution’s debt ratio rose to 125.3 percent at the end of the third quarter of 2025, up about 30 percentage points in a year, as the impact of large-scale capital spending weighs on its finances. The company is seeking to issue 400 billion won of corporate bonds in maturities of 2, 3, 5 and 10 years, with the option to increase the size after demand forecasting. It says profitability and cash flow are improving and expects global ESS demand to grow.