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Good morning. Today is Tuesday, October 24th, and I'm your host Julie Morgan.

Licycle sinks following an announcement about the hub in Rochester.

Invidia and AMD could be stepping on the toes of Intel,

and cocoa prices hit a 44-year high ahead of the holiday season.

Lice cycle sank nearly 46% Monday after announcing that it is pausing construction work

on its Rochester Hub project.

The company said construction is pending until a comprehensive review of the go forward strategy

for the project is completed.

Life cycle warned that it has recently experienced escalating construction costs

and expects the aggregate costs for the current scope of the project to exceed its previously disclosed guidance.

Licycle said in a statement that in conjunction with the project review

it continues to work closely with the U.S. Department of Energy

with respect to the previously announced

375 million dollar loan commitment through the Advanced Technology

Vehicles Manufacturing Program. Year-to-date life cycle is down 74%.

Weighing in on the development, Morgan Stanley said the electric vehicle industry could be

entering a period of dislocation for announced and in progress highly capital intensive projects

that rely on large quantities of attractively priced external capital.

Analysts Adam Jonas said higher interest rates, rising cost of capital, and a slowing

EV market could expose a number of projects and business models that may struggle to bridge

the gap to self-funding status.

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