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Technology shares rose, recovering some ground after the sector’s biggest selloff in more than a year. The gains were modest, while Tesla and Alphabet’s drone-delivery unit Wing made separate announcements about their businesses.
Tesla will soon discontinue production of its Cybertruck, as sales of the stainless steel electric pickup have slowed.
Wing plans to invest up to $125 million over the next two years in a new manufacturing facility. The Alphabet Inc. unit is seeking to meet growing demand for quicker delivery.
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