Workhorse Group stock (US98138H1014): restructuring plans meet tough EV market reality

Taylor Farms recalled more than a dozen prepared foods with jalapeños, including salsas and guacamole, due to potential Salmonella contamination, Reuters reported. The company linked the issue to a Coast Citrus Distributors recall and said it is no longer sourcing peppers from a Sinaloa, Mexico farmer while seeking alternatives. U.S. authorities are investigating a jalapeño-linked outbreak affecting 345 people in 27 states.

A Defense Department memo obtained by The Washington Post says Deputy Defense Secretary Steve Feinberg is urging U.S. defense firms to submit within 21 days plans to accelerate weapons production and delivery, citing depleted munitions from the Iran war. It cites heavy missile and interceptor use and declining Patriot and THAAD inventories. Companies named include Lockheed Martin, Northrop Grumman, Boeing, Anduril, and Palantir, with funding tied to a stalled $1.15T defense bill.

Pentagon deputy secretary Steve Feinberg asked major U.S. defense firms to accelerate production and deliveries of weapons and sensors, citing concerns about shortages and gaps tied to the Iran conflict. In an Aug. 5 letter seen by Bloomberg, he targeted programs including wide-area surveillance, air-defense sensors and interceptors, and missile-tracking systems, asking for plans by late August.

Bitdeer Technologies Group (BTDR) said its Tydal Data Center subsidiary in Norway signed a 16-year colocation lease and services deal with Volta Tydal AS for 121 MW and about $4.70 billion in contracted revenue, with an 8-year renewal option that could raise total value to about $8.0 billion. The campus is renewable-powered, set for NVIDIA GPU clusters, and includes $1.30 billion in credit support.

Core Scientific (CORZ) said it signed a 15-year infrastructure partnership with AMD (AMD) for data-center power starting in 2027. The deal covers about 530 MW across five sites, with AMD leasing 377 MW and a neocloud leasing 152 MW. Core Scientific said it has $14B+ potential base contracted revenue. The news follows shareholders rejecting a CoreWeave all-stock deal valued around $9B.

A Minnesota woman, Kristen Behne, sued Chipotle Mexican Grill in U.S. District Court for alleged Salmonella food poisoning from a June 24 chicken burrito bowl at a Roseville, Minnesota restaurant. She claims sepsis and seeks over $75,000. The CDC reported 345 illnesses in 27 states linked to jalapeños; Chipotle removed jalapeños after notification.