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Benzinga

Business

Lekha Gupta

Rivian Rides High: $6.6 Billion DOE Loan Commitment Fuels EV Expansion

Rivian DOE United States Rivian Automotive Inc RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares are trading higher premarket on Tuesday. The company disclosed a conditional commitment from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Loan Program for up to $6.6 billion.

The loan comprises $6 billion in principal and approximately $600 million in capitalized interest.

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Top stories on inkl right now

Embattled Susan Collins announces exemptions for Maine from Trump Canada tariffs

Embattled Susan Collins announces exemptions for Maine from Trump Canada tariffs

Republican facing tough re-election battle in state where Trump’s trade war with neighbor has stirred outrage

The Guardian - US

Aaron Rodgers says NFL’s Paris game is safe despite PSG cancellation amid unrest

Aaron Rodgers says NFL’s Paris game is safe despite PSG cancellation amid unrest

The Steelers quarterback says he trusts the NFL’s security assessment as civil unrest and severe weather disrupt preparations for Sunday’s game

The Guardian - US

Macron condemns racism after one killed in ‘terrorist’ shooting near Paris

Macron condemns racism after one killed in ‘terrorist’ shooting near Paris

Gunman opens fire from car in Trappes and Verrière, killing one and injuring five others, including a 12-year-old girl

The Guardian - UK

NWSL drops controversial criteria around ‘Rodman Rule’ in settlement with NWSLPA

NWSL drops controversial criteria around ‘Rodman Rule’ in settlement with NWSLPA

The terms of the agreement eliminates the previous eligibility requirements, which had ranged from USWNT minutes to appearances on marketability lists

The Guardian - US

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Becerra and SEIU Target Valadao's Medicaid Vote as CA-22 Becomes the Fall's Hottest Race

Becerra and SEIU Target Valadao's Medicaid Vote as CA-22 Becomes the Fall's Hottest Race

Becerra, SEIU unions, and AOC are flooding Bakersfield in CA-22's final stretch in a race that could reshape House control.

In Medicaid-Dependent Central Valley, Cuts Pose Political Risk for Six-Term Congressman

In Medicaid-Dependent Central Valley, Cuts Pose Political Risk for Six-Term Congressman

Rep. David Valadao voted to slash Medicaid, giving Democratic challenger Randy Villegas an opening as voters focus on affordability and health care access.

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Top stories on inkl right now

Embattled Susan Collins announces exemptions for Maine from Trump Canada tariffs

Embattled Susan Collins announces exemptions for Maine from Trump Canada tariffs

Republican facing tough re-election battle in state where Trump’s trade war with neighbor has stirred outrage

The Guardian - US

Aaron Rodgers says NFL’s Paris game is safe despite PSG cancellation amid unrest

Aaron Rodgers says NFL’s Paris game is safe despite PSG cancellation amid unrest

The Steelers quarterback says he trusts the NFL’s security assessment as civil unrest and severe weather disrupt preparations for Sunday’s game

The Guardian - US

Macron condemns racism after one killed in ‘terrorist’ shooting near Paris

Macron condemns racism after one killed in ‘terrorist’ shooting near Paris

Gunman opens fire from car in Trappes and Verrière, killing one and injuring five others, including a 12-year-old girl

The Guardian - UK

NWSL drops controversial criteria around ‘Rodman Rule’ in settlement with NWSLPA

NWSL drops controversial criteria around ‘Rodman Rule’ in settlement with NWSLPA

The terms of the agreement eliminates the previous eligibility requirements, which had ranged from USWNT minutes to appearances on marketability lists

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Becerra and SEIU Target Valadao's Medicaid Vote as CA-22 Becomes the Fall's Hottest Race

Becerra and SEIU Target Valadao's Medicaid Vote as CA-22 Becomes the Fall's Hottest Race

Becerra, SEIU unions, and AOC are flooding Bakersfield in CA-22's final stretch in a race that could reshape House control.

In Medicaid-Dependent Central Valley, Cuts Pose Political Risk for Six-Term Congressman

In Medicaid-Dependent Central Valley, Cuts Pose Political Risk for Six-Term Congressman

Rep. David Valadao voted to slash Medicaid, giving Democratic challenger Randy Villegas an opening as voters focus on affordability and health care access.

Our Picks

“Like We’re Peasants”: Jenna Ortega Enrages Her Fans After Revealing How She Feels About Interacting With Them

Jenna Ortega has angered some fans after opening up about the pressure of meeting them and explaining why she doesn't always feel comfortable stopping for photos.

Raw vs fresh: Is this brand's 'Michelin Dog Star' food worth the hype?

Billed as the nation’s top-rated dog food, here’s why your pet might be better off eating human-grade ingredients

Evening Standard

McDonald’s confirms return of beloved menu item — here’s what to know

Menu item will be available in certain states starting October 27

The Independent UK

'I Want To Mind My Business': A$AP Rocky Jokes 'It Was Hell' at Home After Teasing Rihanna's Music

A$AP Rocky joked that life at home was "hell" after revealing Rihanna was recording music, but declined to explain what consequences followed his August disclosure.

International Business Times UK

Cardi B Criticises Listeners for Expecting Her To Mention Nicki Minaj as a Female Rap Influence

Cardi B addresses criticism for omitting Nicki Minaj from her list of rap influences, explaining how childhood favourites shaped her musical identity.

International Business Times UK

'We're Disgusted': Ethan Klein Dropped by H3 Podcast After Hila Klein Reveals Cheating Allegations

The H3 Podcast crew says it will no longer work with Ethan Klein after Hila Klein alleged he had an affair lasting more than six months.

International Business Times UK

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