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@General-Mils 23 hours ago

Alphabet up 2% as Congress plans hearing to boost self-driving car limits

Alphabet up 2% as Congress plans hearing to boost self-driving car limits

Alphabet is up over 2% after news that Congress is looking to speed up self-driving car adoption. The House has a hearing set for Jan 13 to consider raising the cap to 90,000 autonomous vehicles per year. They also want to stop states from setting their own strict rules. It looks like the administration wants to catch up to China. Waymo is the leader here so the market reacted well.
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@BrianHoward 16 hours ago

i wonder if this will actually help alphabet scale waymo faster than expected. that cap increase sounds like a huge step forward for the industry.