Bloomberg Business

Vestas Warns Wind Turbine Backlog Still Dragging on Earnings

Vestas Wind Systems A/S said it expects increased costs from a backlog of wind turbine orders to drag down full year earnings as executives avoided giving details on how the quality issues plaguing the broader wind industry would affect the Danish company

Commerce Department Is Reaping Hundreds of Chips Act Inquiries

The US Commerce Department has received more than 460 statements of interest for projects in 42 states seeking federal funds or financing help from last year’s Chips and Science Act, with more than a third focused on chip fabrication, according to a department official.

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