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Joey Solitro

Rivian Stock is Red-Hot on $5 Billion Volkswagen Team Up

Rivian Volkswagen Wedbush

A white Rivian electric truck outside of dealership.

Rivian Automotive (RIVN) stock is one of the best performers Wednesday, up nearly 30% Wednesday after the electric vehicle (EV) maker announced a major partnership with Volkswagen Group.

Under the terms of the deal, Volkswagen will make an initial investment of $1 billion in Rivian through an unsecured convertible note. This will convert into Rivian common stock on or after December 1, 2024, the companies said in a press release.

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Federal judge halts ICE detention centre construction at California site over environmental review

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The Independent UK

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A Florida appeals court ordered a grand jury report on $10 million from a Centene Medicaid settlement expunged. What the ruling says and what remains open.

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

Already a member? Sign in here

Federal judge halts ICE detention centre construction at California site over environmental review

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