🛻 Lordstown Leadership Leaves

Image: Google

The CEO and CFO of EV startup Lordstown Motors resigned yesterday, the same day a new report from a company board committee found some disclosures made about preorders for its upcoming electric truck, the Endurance, were inaccurate.

• The moves came less than a week after Lordstown revealed it doesn’t have enough cash to start full commercial production – planned for September – and has doubts about whether it can continue as a going concern through the end of the year. 

More: The board committee report was in response to a March publication from short-seller firm Hindenburg accusing Lordstown of a litany of misdeeds including exaggerating its purported 100k+ preorders – though "The Special Committee’s investigation concluded that the Hindenburg Report is, in significant respects, false and misleading," per the report.

Even More: Lordstown's share price dropped 19% on the day.

“We have confirmed all on site are safe and accounted for… We do not yet know what caused this incident, but we will be working with local authorities and with our own risk management team to determine what happened and identify any corrective actions.” –Chemtool, in a statement published Monday.

A car in Mumbai, India was swallowed by a hole that suddenly opened up underneath the vehicle – an event captured in a viral social media video (Disclaimer: Explicit language + no one was injured or killed due to the incident).

• As it turns out, the spot where the car was parked happened to be positioned above an 80-year-old well covered by a reinforced concrete slab roughly four decades ago.

Mumbai’s local government blamed “very heavy rain” in the area for the concrete buckling, with officials later using a crane to extract the vehicle from the well.

The crane in action.

Prime Minister Naftali Bennett was sworn in on Sunday as Israel’s first new leader since 2009, replacing incumbent PM Benjamin Netanyahu who assumed the role of opposition leader.

• Bennett, Netanyahu’s former chief of staff, assumed power as part of a governing coalition deal narrowly ratified by a 60-59 vote in the Knesset, Israel’s parliamentary body.

🤿 A deeper dive…
Under the governing coalition deal, Bennett - the head of the right-wing New Right party - will serve as Israel’s prime minister through September 2023.

• After that, former finance minister Yair Lapid - leader of the centrist Yesh Atid party - will rotate into the job until November 2025.

The new coalition government is made up of eight parties and includes, for the first time, a small Islamist party representing Israel’s Arab minority (called the United Arab List).

⏭️ What’s Next?
Israel’s new government is expected to hold off on major decisions surrounding controversial issues - like the future of the occupied West Bank - in favor of focusing on domestic economic and social issues, like passing a two-year budget and decriminalizing and regulating marijuana.

Image: Mike White/Post-Gazette/Twitter

In 2018, Laurel High School’s Hayden Hamilton was paralyzed from the neck down after a hit in a high school football game and told he would probably never walk again.

• Earlier this month, Hayden rose from his wheelchair and walked ten yards across the stage to receive his high school diploma – much to the shock of his friends, classmates, and onlookers.

Watch it happen.

😎 Keeping it Cool…

Image: Australia's Nuclear Science and Technology Organisation

While conducting research on batteries at the University of New South Wales, Australian scientists accidentally discovered a composite material they were working with an extraordinary ability to resist heat-based changes - a finding completely unrelated to the purpose of their work.

• Typically, matter tends to increase in volume as temperature increases.

Researchers found their composite material - a combination of scandium, aluminum, tungsten, and oxygen - did not change in volume at all at temperatures ranging from -452ºF to 2059℉.

• The material’s thermal stability could make it useful for aerospace engineering, as temperatures can change dramatically when spacecraft cross the boundary between space and Earth’s atmosphere.

Dig in.

What was the first feature-length computer-animated film?

A) Toy Story
B) Shrek
C) The Incredibles
D) Snow White and the Seven Dwarfs

(keep scrolling for the answer)

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A) Toy Story

In 1995, a joint venture between Disney and Steve Jobs’ Pixar produced the first fully computer-animated feature-length film: Toy Story.

Dig in.