Today Apple announced a new commitment of $500 million with MP Materials, the only fully integrated rare earth producer in the United States. With this multiyear deal, Apple is committed to buying American-made rare earth magnets developed at MP Materials’ flagship Independence facility in Fort Worth, Texas. The two companies will also work together to establish a cutting-edge rare earth …
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Nursing home chain with 175 facilities files for bankruptcy… as devastating senior care crisis hits new low
A major nursing home chain with 175 senior living facilities across 17 states has filed for bankruptcy. The bankruptcy plunges a further 15,000 senior residents into the ongoing care crisis sweeping the United States. Genesis Healthcare said it was shelling out $8 million a month on personal-injury and wrongful death claims, a situation that became financially untenable. At its height …
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