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Tag: Michigan

Michigan State Pension Fund Invests $6.6 Million in Bitcoin ETF

On 2024-07-27 By Aifin In Markets

The State of Michigan Retirement System (MSRS), which manages a significant portion of pension fund assets for state employees, has made a $6.6 million investment in the ARK 21Shares Bitcoin ETF (ARKB.Z), according to a …

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GM to Invest $900 Million in Michigan Plant for EV Production

On 2024-07-11 By Aifin In Markets

General Motors (GM) is set to invest at least $900 million to retool its Lansing Grand River Assembly Plant in Michigan for electric vehicle (EV) production. This announcement came from Energy Secretary Jennifer Granholm, who …

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Abbott Faces Second Trial Over Premature Formula and NEC Risk

On 2024-07-08 By Aifin In Markets

Abbott Laboratories, the maker of Similac baby formula, will face its second trial on Monday over claims that its formula for preterm infants causes necrotizing enterocolitis (NEC), a potentially fatal bowel disease. The trial, in …

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