• Chinese companies that seek to go public in the United States will still be allowed by China as long as they meet listing requirements according to the country’s securities regulator
• Companies like Tencent and Alibaba have seen their shares decrease drastically in the last several days with Chinese authorities increasing scrutiny on tech companies over their data security and monopolistic practices

Rivian to invest $5 billion into a 10,000-acre production plant

• According to company documents, Rivian will be breaking ground on a new facility in Mesa, Arizona alongside their first production facility in Normal, Illinois
• On the 10,000 acre plot, Rivian’s initial investment will be $5 billion which exceeds many other production plants in the country

Founder of Nikola, Trevor Milton is indicted by grand jury on three counts of fraud

• Trevor Milton now has federal criminal fraud charges as the grand jury accuses him of lying about “nearly all aspects of the business”
• Shares of Nikola Motors has decreased significantly after the indictment was announced
• In an emailed statement, the company has said they have, “cooperate with the government throughout the course of its inquiry.”

Disney sued by Scarlett Johansson over the release of “Black Widow”

• After Walt Disney Company has released “Black Widow, Scarlett Johansson sues the company as it appeared on streaming and in theaters simultaneously 
• Johansson has claimed that her agreement with Disney had guaranteed an exclusive theatrical release for the film and her salary was based on box office performance, not on the Disney+ streaming platform

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