Rivian Automotive (NASDAQ: RIVN) experienced a surge of bullish interest with its IPO on November 9, 2021. The electric vehicle (EV) manufacturer went public at $78 per share, and its stock opened at $106.75 before reaching a peak of $172.01 just a week later. At its highest point, Rivian’s market cap reached $153 billion, which … Read more
“ By Jarrett Renshaw Elon Musk, the billionaire, has pledged to give away $1 million each day until the November election to individuals who sign his online petition in support of the U.S. Constitution. Musk wasted no time in fulfilling his promise by awarding a $1 million check to an attendee named John Dreher at … Read more
Overall, Prabowo’s presidency is shaping up to be characterized by a focus on boosting economic growth, increasing Indonesia’s international presence, and addressing social issues. However, the success of his ambitious plans will depend on his ability to attract investment, manage fiscal policy prudently, and navigate political dynamics within the country. His advisors have indicated that … Read more
Some 200,000 mail carriers have reached a tentative contract deal with the U.S. Postal Service that includes backdated pay raises and a promise to provide workers with air-conditioned trucks. The new agreement, which still needs to be ratified by union members, runs through November 2026. Letter carriers have been working without a new contract since … Read more
President Donald Trump and Democratic presidential nominee and U.S. Vice President Kamala Harris have differing approaches to key health care issues in the U.S. While both candidates have pledged to make care more affordable, they have different strategies in mind if elected. Trump aims to slash federal health spending in order to fund tax cuts … Read more
Eli Lilly, a leading pharmaceutical company, has been performing exceptionally well in 2024. Their stock has surged by 58% this year, surpassing the S&P 500 and Nasdaq Composite indexes. This growth can be attributed to their success in the diabetes and obesity care markets with their popular GLP-1 agonists, Mounjaro and Zepbound. In addition, the … Read more
“ According to Bloomberg News, Elliott Investment Management and Southwest Airlines have initiated discussions regarding a potential settlement to avoid a proxy fight for control of the airline’s board. Sources familiar with the matter revealed that Elliott has proposed a framework that would grant it representation on Southwest’s board without full control. The talks are … Read more
Keep yourself updated with complimentary notifications Just subscribe to the Life & Arts myFT Digest — sent directly to your email inbox. The protagonist in Coriolanus, currently showing at the National Theatre in London, can be described as a fascist by today’s standards. He values very little outside of military service and resents the common … Read more
The US State Department is offering a reward of up to $10 million for information leading to any foreign person or entity engaging in election interference, it said just weeks before Americans select their next president. An announcement from the department’s Rewards for Justice program specifically singled out Russian media organization Rybar LLC, which it … Read more
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