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Business
Here’s the Torcal, the first fully electric Bentley
A few weeks ago, Bentley gave Ars a ride in a new camouflaged electric vehicle. Named after a Spanish rock formation, the Torcal is the brand’s first battery EV, and today the production car had its formal unveiling. That camo was effective: The real car is less bulbous and more blocky than its disguise would suggest. And it’s fair to say it brings some of the ideas of the EXP 15 concept to the road—even if that didn’t include that show car’s elegant, stretched proportions. It’s smaller than the Bentayga, and it should slot beneath that model in pricing (or the PHEV version of it, at least), though Bentley has yet to reveal exactly how much US buyers can expect to pay.
Underneath the bodywork are some relatively familiar underpinnings; Bentley shares technology with Porsche as both are part of the greater Volkswagen Group empire. The power output might not be as prodigious as the electric Porsche Cayenne but should be sufficient nonetheless. The standard car will offer peak outputs of 810 hp (604 kW) and 880 lb-ft (1,194 Nm), enough for a 3.3-second 0–60 mph time (0–100 km/h takes 3.4 seconds).
The more powerful Torcal S boasts 875 hp (653 kW) and 995 lb-ft (1,350 Nm) at its most potent; this is capable of 60 mph from a standing start in a mere 2.8 seconds (2.9 to 100 km/h) and an increased top speed of 162 mph (260 km/h), up from 155 mph (250 km/h) for the standard version, either of which are academic outside certain stretches of German highway.
Although it’s a much heavier car, the Torcal’s suspension and drive modes have been tuned to be familiar to existing customers, including things like pedal calibrations and steering response rates. And the clever active ride suspension means the Torcal isn’t just a one-trick wonder. “[In] a steady state environment… you’ve got the ride comfort and compliance from a Flying Spur, but in a dynamic environment, we’ve got a vehicle that’s as dynamic and capable as a GT,” said Martin Page, product line director for the Torcal.
From the back seat, it was indeed a comfortable experience, with the car leaning into corners rather than adopting more of a “skyhook” philosophy, like that other famous ultra luxury British automaker.
And as we learned during our ride, it sounds like a 6.75 L V8 on the move, at least unless you turn that setting off.
We can also see the full interior finally—during our ride, a few design elements were visible but were off-limits for discussion until today. Among the various materials that Bentley can use to trim the interior are a new merino wool fabric and a wood finish that’s made from up to 1,000 walnut offcuts glued together, then sliced up to use as a veneer. There’s no passenger infotainment screen, but there also aren’t any of the traditional metal “organ stoppers” that open or close their air vents. Instead, regrettably, the vents are aimed using the curved central touchscreen.
An official US EPA range estimate should be forthcoming closer to the time the Torcal goes on sale in the US early next year, but expect at least 300 miles. For now, Bentley says it’s rated at 375 miles (600 km) under the WLTP test. The 113 kWh (net) battery pack runs at 800 V and will DC fast charge at up to 400 kW, which should take just under 20 minutes to charge from 10–80 percent, Bentley says.
Business
Dow Jones Futures: Stocks Fall As Treasury Yields Soar; Palantir, Palo Alto Flash Buy Signals
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Business
Meta’s Muse rekindles fears over winners and losers as personal AI agent emerges
Muse, which allows users to delegate tasks such as shopping, travel booking and form-filling to an AI agent, overtook ChatGPT as the top free app on Apple’s App Store and Google Play Store in the US and Canada.
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The app recorded 2.8 million downloads within two weeks of its launch, posting an average daily download growth of 55% in the first 10 days, according to market intelligence company Sensor Tower.
Investors worried that Meta’s scale could turn Muse into a powerful comparison-shopping tool, enabling consumers to more easily find lower-cost alternatives and weakening the loyalty that often keeps users with incumbent providers.
The development dragged on several sectors this week, while Meta and AI-infrastructure related companies rallied.
“Meta has really found lightning in a bottle here and someone who partners with Muse is likely to be a clear beneficiary off the bat to me. As far as net losers, it’s just going to take more time to find out,” said Michael O’Rourke, chief market strategist at JonesTrading.
JITTERS ACROSS SECTORS
Financials stocks were the hardest-hit in the previous session and remained under pressure on Wednesday on fears that the AI agent could prompt users to switch to policies with cheaper prices.
Art Hogan, chief market strategist for B. Riley Wealth, however, said those disruption concerns were far-fetched.
“If you’re going to trust the management of your finances to something that Muse found for you, then you were likely not a big payer to anyone in that industry to begin with. There’s a whole lot more that goes in asset management than who’s got the cheapest price,” he said.
THE BIGGEST WINNERS
Meta’s shares have soared nearly 13% this week and are set for their fifth-straight week of advances.
The gains were fueled by expectations that the mainstream consumer-focused app could generate additional annual revenue, with Truist Securities estimating it to touch at least $28.5 billion by fiscal 2030.
Privately held companies, including Stripe and Ticketmaster, also struck similar deals with Meta.
MORE AI INFRASTRUCTURE DEMAND
Apps such as Muse could drive AI compute demand, accelerating AI infrastructure buildout and benefiting chip stocks.
Reporting by Johann M Cherian in Bengaluru; Editing by Shilpi Majumdar
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Akash reports on technology companies in the United States, electric vehicle companies, and the space industry. His reporting usually appears in the Autos & Transportation and Technology sections. He has a postgraduate degree in Conflict, Development, and Security from the University of Leeds. Akash’s interests include music, football (soccer), and Formula 1.
Business
1 companies facing lawsuits over vision loss
Some of the companies that produce GLP-1 drugs like Ozempic and Zepbound are facing lawsuits as patients allege that the drugs caused permanent eye damage.
They claim that makers of the drugs should have informed patients of the potential for this side effect.
The suits focus on an eye condition called nonarteritic anterior ischemic optic neuropathy, or NAION, which leads to sudden and often permanent vision loss. The vision loss happens when not enough blood flows to part of the optic nerve, which carries visual information to the brain. It’s rare and typically occurs in people 50 or older, and the causes aren’t fully understood.
Almost 100 lawsuits related to the eye condition have been filed in New Jersey since 2025, with another group coming from Philadelphia, according to USA Today.
Some recent research raised concerns about an increased risk of patients taking specific GLP-1s developing the condition. But other studies have found no association, and one of the studies that found a positive association used data from patients of an institution that specializes in eye care, not the general public.
Because of the mixed results, doctors and researchers say there’s not enough evidence to say for certain whether the drugs cause the condition.
NAION is not common, including among GLP-1 users. Even if semaglutide, which is the active ingredient of Ozempic and Wegovy, doubled people’s risk of NAION, that would mean an average of only two out of every 10,000 people taking the drug would develop the condition, the Wall Street Journal reported.
Both Novo Nordisk, the company behind Ozempic and Wegovy, and Eli Lilly, which makes Zepbound and is facing similar but fewer lawsuits, deny that there’s any significant relationship between GLP-1s and NAION. They’ve pointed out in court that people with diabetes, which GLP-1s target, are at higher risk of blindness and other conditions named in GLP-1 lawsuits to begin with.
“Semaglutide has a well-established safety profile, supported by robust clinical development programs, with exposure from post-marketing use of over 58 million patient-years across oral and injectable formulations in obesity and type 2 diabetes,” Novo said in a statement to WCVB Boston.
There’s no information or warning about NAION on GLP-1 labels, but the Food and Drug Administration is investigating the possible link. In other countries, including in the EU, U.K., Australia and Japan, some GLP-1 medications carry warnings about the condition.
People concerned about NAION should discuss the risks and benefits of GLP-1s with their healthcare provider.
This article has been corrected to reflect that semaglutide is the active ingredient in Wegovy, not Zepbound.
Business
Cracker Barrel announces plans to upgrade 3 popular dinner items
Cracker Barrel is upgrading three of its most popular dinner offerings while separately using proceeds from a real estate transaction involving 26 company-owned restaurants to reduce debt and support future growth.
The Lebanon, Tennessee-based chain said Wednesday that it plans to improve the quality of its chicken, hamburger and steak dinners, calling dinner its “biggest opportunity” as it works to improve guest satisfaction.
“We are making investments to improve food quality,” President and CEO Dave Deno said during the company’s fourth-quarter earnings call. “Dinner is our biggest opportunity, and we plan to upgrade our chicken, hamburger, and steak offerings.”
Deno said Cracker Barrel wants to ensure its food consistently meets guests’ expectations for “taste, temperature, and quality on every visit.”
NEW CEO INHERITS CRACKER BARREL STILL RECOVERING FROM REBRAND BACKLASH
The chief executive said his priorities are centered on food, the guest experience and employees as Cracker Barrel works to build on improving traffic and profitability.
“A big part of my management philosophy is doing fewer things better and concentrating on opportunities that could have the greatest impact,” Deno said. “For restaurants, the formula is pretty straightforward. You must offer great food, provide a great guest experience, and hire and retain excellent employees who deliver both.”
“These are the priorities that we will be focused on: food, experience and people,” he added.
Alongside the menu upgrades, Cracker Barrel said it completed a sale-leaseback transaction involving 26 company-owned restaurants that generated approximately $77 million in net proceeds.
“The sale leaseback transaction generated $77 million in net proceeds, which were used to pay down debt and partially offset the $150 million debt related to the 0.625% convertible senior notes that matured and was repaid in June,” Chief Financial Officer Craig Pommells said. “The quarter ended with total debt of $337.2 million, which was $147.4 million below the prior year.”
CRACKER BARREL CEO JULIE MASINO TO STEP DOWN
Deno said Cracker Barrel continues to see pressure among lower-income consumers, though customer trends have improved.
“When it comes to us specifically, yes, we do see some pressure with our low-income guests, but our trends, as I said, have gotten better,” Deno said.
Still, Chief Financial Officer Craig Pommells said the chain’s value remains an advantage, noting the average guest check is about $16.
“If you’re feeling pressured from a discretionary income perspective, there are a lot of ways you can still have a great experience at Cracker Barrel,” Pommells said.
The company also said higher freight costs, including fuel surcharges, are already factored into its fiscal 2027 outlook.
“We are seeing fuel surcharges and so on related to freight, both from the perspective of retail, but to a lesser degree on the restaurant side. All of that’s built into our projection with the best information that we have today,” Pommells said.
CRACKER BARREL RESPONDS TO REPORTS ABOUT EMPLOYEE DINING REQUIREMENTS DURING WORK TRAVEL
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Deno took over as CEO in August following the departure of Julie Masino, whose tenure included a rebrand that drew criticism from some longtime customers.
The overhaul, part of a roughly $700 million investment across Cracker Barrel’s restaurants, included updates to store interiors, menu changes and the temporary removal of the chain’s iconic “Old Timer” logo before it was later restored.
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