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Verizon profit beats estimates on remote working boost

Verizon Communications Inc VZ.N beat estimates for third-quarter profit on Wednesday, helped by strong demand for its phone and internet services as offices and schools continued to operate virtually amid the COVID-19 pandemic.

Tesla-fighting GMC HUMMER EV debuts

General Motors is spending $2.2 billion to launch its new GMC HUMMER EV pickup. Several other electric trucks will follow it in the coming years.