Amazon.Com, Inc (NASDAQ: AMZN) and Rivian Automotive, Inc (NASDAQ: RIVN) are in discussions to eliminate the exclusivity part of their electric-van deal. Rivian could start selling to others after Amazon's order for 2023, the Wall Street Journal reports. Rivian needs to sell all of the vans it makes to Amazon under a 2019 deal. Recently, Amazon ordered about 10,000 vans this year, at the low end of the range it previously provided the automaker. In response, Rivian sought to terminate the exclus Read More...
Bloomberg
Sell Any Post-SVB Stocks Bounce, Says Morgan Stanley
(Bloomberg) — Morgan Stanley’s Michael Wilson, known for being one of Wall Street’s most bearish strategists, recommended that investors sell any rebound in US stocks that may result from regulators’ support measures after the collapse of Silicon Valley Bank.Most Read from BloombergTreasuries Surge, Stocks Up on Bets for Fed Pause: Markets WrapFed’s New Backstop Shields Banks From $300 Billion of LossesFDIC Auction for Failed SVB Underway, Final Bids Due SundaySignature Seized by Regulators as
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