The news article discusses various updates in the transportation industry. It mentions the hiring of Vignesh Swaminathan, a well-known urban planner, by Elon Musk's The Boring Company. It also highlights the rise of Zūm, a student transportation Startup, which raised $140 million in funding, pushing its valuation to $1.3 billion. The bankruptcy of Swedish electric motorcycle startup Cake and the decision by Aptiv to no longer allocate capital towards the joint venture with Hyundai, called Motional, are also mentioned. Other updates include Tesla's settlement with 25 California counties and the inclusion of Hesai on the US Department of Defense's list of "Chinese Military Companies."

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