Faraj Aalaei, CEO of semiconductor company Aquantia, spoke to Cheddar about the company's recent IPO. The company started trading on the New York Stock Exchange Friday morning. Faraj expressed that the company's interested in autonomous vehicles and discussed the possibilities that new technology can bring for the company's bottom line. The executive explained that the losses the company reported for 2016, and through the first part of this year, came from increased investments, which he believes will soon see returns.

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Egg Prices See Largest Monthly Decline in 72 Years
The price of one kitchen staple is dropping at a historic rate. In May, egg prices had their largest monthly decline in 72 years. Ricky Richardson, CEO of South Carolina-based Eggs Up Grill, joined Cheddar News to discuss the state of play in the egg industry as prices fall while food costs overall are on the rise again. Egg prices are "returning to more normal levels now, we're running down about 40% on a year-over-year basis," he said.
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