DIRS.INFO The most relevant business & tech news

☆ Basketball Serbia and Germany in pursuit of first World Cup title
▼ + stars: | 2023-09-09 | by ( Neil Jerome Morales | ) www.reuters.com time to read: +2 min

MANILA, Sept 9 (Reuters) - A first-time winner will be crowned on Sunday when Serbia and Germany lock horns in the first all-European final at the FIBA World Cup since 2006. Reaching the final allowed Serbia and Germany to exorcise forgettable 2019 campaigns. Serbia were knocked out in the quarter-finals, while Germany finished a lowly 18th. "It is great to see two teams that have earned their way," Spain's Pau Gasol, the World Cup global ambassador, said in a talk show on Saturday. The Germans have won three of their five tussles against Serbia, including their last two meetings.

Persons: Nikola Milutinov, Spain's Pau, Germany's Andreas Obst, Nobody, it's, Serbia's Filip Petrusev, Nikola Jokic, Simanic, Neil Jerome Morales, Pritha Sarkar Organizations: FIBA, Spain's Pau Gasol, Reuters, Philadelphia 76ers, Canada, NBA, Thomson Locations: MANILA, Serbia, Germany, Spain, United States, Manila, Sudan

☆ Nikola semi-truck catches fire in second incident in a week
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Fabian Bimmer Acquire Licensing RightsCompanies Nikola Corp FollowSept 8 (Reuters) - A Nikola (NKLA.O) electric semi-truck caught fire near the company's Phoenix headquarters in Arizona, it said on Friday, the second such incident this week involving the firm's vehicle. Earlier this week, another of its Tre battery-electric truck caught fire in Tempe, Arizona, which affected one battery pack. The company had suspected foul play when it started an investigation in June after trucks at its headquarters caught fire. However, last month Nikola cited a coolant leak inside a battery pack as the cause following the investigation. A total of 209 battery-powered electric trucks were in the marketplace between dealers and customers at the time of the recall.

Persons: Nikola, Fabian Bimmer, Akash Sriram, Sriraj Organizations: IAA Transportation, REUTERS, Nikola, Thomson Locations: Hanover, Germany, Arizona, Tempe , Arizona, Bengaluru

☆ Basketball Serbia beat Canada, return to World Cup final
▼ + stars: | 2023-09-08 | by ( Neil Jerome Morales | ) www.reuters.com time to read: +1 min

MANILA, Sept 8 (Reuters) - Serbia will return to the FIBA Basketball World Cup final after defeating Canada 95-86 by imposing their will in the paint and controlling the boards on Friday in Manila. The Balkan nation's stifling defence forced Canada into turnovers, and limited their North American counterparts to 15 points in the first quarter. He finished the game with 15 points, two rebounds, and nine assists, far below his tournament average of 25 points per game. Serbia lost to the United States 129-92 in the final of the tournament's 2014 edition in Madrid, Spain. The United States play Germany at 1240 GMT on Friday for the other slot in the final.

Persons: Bogdan Bogdanovic, Nikola Milutinov, Shai Gilgeous, Alexander, Canada's, Neil Jerome Morales, Christian Radnedge Organizations: FIBA Basketball, Canada, Manila ., Serbian, Atlanta Hawks, United, Thomson Locations: MANILA, Serbia, Manila, Canada, Serbian, United States, Madrid, Spain, China, Germany

Even with its best player sitting out this summer, Serbia is going to play for gold at the Basketball World Cup. Bogdan Bogdanovic scored 23 points and Serbia defeated Canada 95-86 in the World Cup semifinals on Friday. It’s a great group of guys, great chemistry, and when you have good chemistry and great players, anything can happen. They played a great game,” Barrett said. “I'm proud of my guys,” Canada coach Jordi Fernandez said.

Persons: Nikola Jokic, Bogdan Bogdanovic, Ognjen Dobric, Nikola Milutinov, Canada’s, Serbia's Marko Guduric, “, “ Nobody, Filip Petrusev, RJ Barrett, ” Barrett, ” Dillon Brooks, Shai Gilgeous, Alexander, “ I'm, Jordi Fernandez, ” Jokic, they'll, ” Guduric, Simanic, —, ” Fernandez, Canada's, ___ Organizations: Basketball, Serbia, Canada, ”, Denver Nuggets, NBA, South, Olympic, France, Latvia, ___ AP NBA, AP Locations: MANILA, Philippines, Serbia, Germany, Manila, ” Serbia, U.S, Canada, South Sudan, Spain

[1/2] Trevor Milton, (C) founder and former-CEO of Nikola Corp., exits the Manhattan Federal Courthouse following an appearance in New York City, U.S., July 29, 2021. U.S. District Judge Edgardo Ramos said the juror's online posts did not show she lied about her views during jury selection. Prosecutors accused Milton of using social media and news-media interviews to make false and misleading claims, including that Nikola built an electric- and hydrogen-powered "Badger" pickup from the "ground up." They said the juror had lied when she answered "no" when asked if she used social media. Ramos said it appeared the juror had not intentionally concealed her social media use because she had disclosed using YouTube.

Persons: Trevor Milton, Eduardo Munoz, Nikola, Edgardo Ramos, Milton, Jeff Bezos, Mark Zuckerberg's, Ramos, Jody Godoy, Andy Sullivan Organizations: Nikola Corp, REUTERS, Nikola, District, Prosecutors, YouTube, Court, Southern District of, Thomson Locations: Manhattan, New York City, U.S, United States, Milton, Southern District, Southern District of New York, New York

Electric vehicle companies Lucid , Fisker and Nikola have had a tough year — and Wall Street expects these stocks have even more downside potential. Nikola, which manufactures electric trucks, has seen its short interest jump nearly 14% to 157.7 million shares, or 27.3% of its float. More than a third of Arcutis Biotherapeutics 's free-float shares have been shorted by Wall Street, or 15.5 million shares. Liver disease treatment company Intercept Pharmaceuticals also saw a 12% jump in short interest, with 9.5 million shares sold short. Below is the full list of the most shorted stocks between July 31 and August 15.

Persons: Nikola, Fisker, Arcutis, scPharmaceuticals, Jerry Durso Organizations: EV, IGM Biosciences, Intercept Pharmaceuticals, U.S . Food, Drug Administration, NASH, Intercept, New York Stock Exchange Locations: FactSet, U.S

☆ Noah Lyles: Basketball stars hit back after US sprinter pokes fun at NBA
▼ + stars: | 2023-08-29 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

When speaking to reporters at the World Championships in Budapest, Hungary, Lyles said: “World champion of what? He did, however, spark a reaction from some NBA stars. Four-time NBA champion Draymond Green also got involved, writing on Instagram, “When being smart goes wrong” with the face-palm emoji. Denver Nuggets star Aaron Gordon, though, appeared to see the funny side, writing on Instagram: “Whatever … I’m smoking buddy in the 200m.”Kevin Durant was one of the NBA stars to hit back at Lyles' comments. “The organization [NBA] have players from different countries but do they compete against different countries.

Persons: Noah Lyles, Usain Bolt, Lyles, ” Lyles, Kevin Durant, ”, Draymond Green, Aaron Gordon, Christian Petersen, Nikola Jokić, Giannis Antetokounmpo, Sha’Carri Richardson, “, Noah, Richardson, courtside Organizations: CNN, NBA, US, ESPN, Denver Nuggets Locations: Budapest, Hungary, United States, Canada, Serbia, Greece, Lyles

☆ Corporate America’s Chief Critic, Carl Icahn, Gets His Comeuppance
▼ + stars: | 2023-08-21 | by ( Maureen Farrell | More About Maureen Farrell | ) www.nytimes.com time to read: +1 min

He said Mr. Anderson did not call him before publishing the report, denying him the opportunity to present his side of things. Short sellers borrow stock held by big investors and sell it in the open market, betting that its price will fall. If they bet right, they can buy the borrowed shares back at the lower price, return them and pocket the difference. Mr. Icahn said he buys and holds stocks for years and makes changes from the inside. (As of July 31, he said, his investors would have an annualized return of 12.8 percent compared to 6.9 percent for the S&P 500).

Persons: Carl, ”, Mark Stevens, Icahn, Mr, Anderson, Nikola, ” Mr, “ I’m Organizations: Hindenburg Research, Adani

☆ Vietnam's EV firm skids for third straight US stock session after debut boom
▼ + stars: | 2023-08-18 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

VinFast shares on Friday fell 23% to close at $15.40, slipping below its opening price of $22 on Tuesday, when it had surged up to $38.78. With about 99% of the firm controlled by founder Pham Nhat Vuong, the small amount of publicly available shares makes the stock prone to volatility. Just $45 million worth of its shares had been traded by late morning, compared with $29 billion worth of shares in Tesla (TSLA.O), according to Refinitiv data. "Founder Pham Nhat Vuong brought a portion of VinFast to the public markets because he may seek to further monetize his stake over time. That may be a material overhang for VinFast shares for some time to come," Benowitz said.

Persons: Mike Blake, VinFast, Pham Nhat Vuong, Jason Benowitz, Benowitz, Nikola, Medha Singh, Noel Randewich, Arun Koyyur, Matthew Lewis Organizations: Los Angeles Auto, REUTERS, Nasdaq, U.S, Reuters, Roosevelt Investment Group, Faraday, Thomson Locations: Los Angeles , California, U.S, Tesla, Vietnam, VinFast, Bengaluru, Oakland, California

☆ Vietnam's EV firm skids for third session after debut boom
▼ + stars: | 2023-08-18 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

The loss-making company was last valued at $32.4 billion, compared to $85 billion in its Wall Street debut on Tuesday. With about 99% of the firm controlled by founder Pham Nhat Vuong, the small amount of publicly available shares makes the stock prone to volatility. Just $28 million worth of its shares had been traded by late morning, compared to $13 billion worth of shares in Tesla (TSLA.O), according to Refinitiv data. That may be a material overhang for VinFast shares for some time to come," Benowitz said. Shares of Vietnam's largest conglomerate and VinFast parent Vingroup (VIC.HM) closed down 7% in Ho Chi Minh trading.

Persons: Mike Blake, Pham Nhat Vuong, Jason Benowitz, Benowitz, Nikola, Medha Singh, Noel Randewich, Arun Koyyur Organizations: Los Angeles Auto, REUTERS, Nasdaq, U.S, Reuters, Roosevelt Investment Group, Faraday, Thomson Locations: Los Angeles , California, U.S, Tesla, Vietnam, VinFast, Ho Chi, Bengaluru

☆ Vinfast reminds me of the colossal failures of Lucid and Nikola, says Jim Cramer
▼ + stars: | 2023-08-16 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Vinfast reminds me of the colossal failures of Lucid and Nikola, says Jim Cramer'Mad Money' host Jim Cramer takes a look at EV SPAC Vinfast and why it could be a disaster waiting to happen.

Persons: Nikola, Jim Cramer Organizations: SPAC

A few hours before its Nasdaq debut, VinFast more than doubled its value in premarket trading involving less than 4% of its shares. Nikola now commands a market value of $1.4 billion, versus $13.9 billion before listing while Lucid has a current market value of $15.5 billion, versus $24 billion during its 2021 SPAC deal. It is still unclear how many of the company shares will trade on Tuesday and at what price. VinFast's founder, Vietnam's richest man Pham Nhat Vuong, pledged $2.5 billion in April to bolster the EV maker, including $1 billion from his personal fortune. He is the beneficial owner of 99% of the ordinary shares of the EV maker after the merger.

Persons: Mike Blake, Black Spade, Nikola Corp, Nikola, Lucid, Rivian, Pham Nhat Vuong, VinFast, Phuong Nguyen, Yantoultra, Jaiveer Singh, Francesco Guarascio Organizations: Los Angeles Auto, REUTERS, Nasdaq, Nikola, Tesla Inc, Rivian Automotive Inc, VinFast, P Global Mobility, Investors, Thomson Locations: Los Angeles , California, U.S, HANOI, Dealogic, North Carolina, Vietnam, United States

☆ Hindenburg Research targets $4.6 billion Kazakh brokerage for allegedly helping Russian oligarchs evade sanctions
▼ + stars: | 2023-08-15 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Timur Turlov, CEO of Freedom Finance brokerage speaks to Reuters during the interview in the office in Moscow, Russia October 10, 2019. Freedom Holding Corp. was founded in Moscow in 2008, before later moving to Kazakhstan, and listed on the Nasdaq in 2019. After Russia invaded Ukraine early last year, U.S. sanctions essentially severed ties between American and Russian banks and companies. But according to a report from Hindenburg on Tuesday, those ties remain tight. One former senior executive alleged to Hindenburg that Russian money laundering was rampant.

Persons: Timur Turlov, Jack Dorsey's Block, Carl Icahn, Freedom, Hindenburg's, Hindenburg, OFAC, I've Organizations: Freedom Finance, Reuters, Hindenburg Research, Freedom Holding, Nasdaq, Freedom, noncompliance, U.S . Treasury Department's, Foreign Assets, SEC, European Union, Freedom's, Ukraine Locations: Moscow, Russia, Kazakhstan, Ukraine, Hindenburg, Russian, United Kingdom, Belizean

☆ Novak Djokovic ‘glad to be back’ on American soil after two-year absence
▼ + stars: | 2023-08-15 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Novak Djokovic is preparing to play on American soil for the first time since 2021 after the Covid vaccine requirement for non-US travelers was lifted earlier this year. His last match in the States was at the 2021 US Open when he lost to Daniil Medvedev in the final. “I’ve had plenty of success on American soil with Indian Wells, Miami, obviously Canada and here, [I’ve] won many times at these Masters 1,000 events, all of them. Djokovic plays a forehand against Carlos Alcaraz during this year's Wimbledon final. Regarding his defeat in the Wimbledon final, Djokovic said on Sunday that he was “over it in a day” and looking forward to the hard-court swing.

Persons: CNN — Novak Djokovic, Djokovic, Daniil Medvedev, I’m, “ I’ve, – I’m, ” Djokovic, wasn’t, Carlos Alcaraz, Julian Finney, Spain’s Carlos Alcaraz, Alcaraz, Nikola Ćaćić, Alejandro Davidovich Fokina, Jordan Thompson, ”, “ There’s Organizations: CNN, Covid, & Southern, Indian, Miami, Wimbledon, Getty, Department of Homeland Security Locations: Cincinnati, Mason , Ohio, New York, Serbian, Indian Wells, Miami, Canada, California

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Hotter-than-expected U.S. producer prices data last week fanned concerns that the Federal Reserve could keep interest rates higher for longer, driving up U.S. Treasury yields and weighing on rate-sensitive big technology and growth stocks. Market focus will be on quarterly earnings from major U.S. retailers including Walmart (WMT.N) and Target (TGT.N) this week. Economic data expected includes retail sales for July as well as industrial production and jobless claims numbers. ET, Dow e-minis were up 59 points, or 0.17%, S&P 500 e-minis were up 8 points, or 0.18%, and Nasdaq 100 e-minis were up 41.5 points, or 0.27%.

Persons: Brendan McDermid, Tesla, We've, Peter Cardillo, treasuries, Goldman Sachs, Amruta Khandekar, Arun Koyyur, Maju Samuel Organizations: New York Stock Exchange, REUTERS, China AMC, Dow, Nasdaq, Federal Reserve, U.S, Treasury, Investors, Spartan Capital Securities, Microsoft, Apple Inc, Fed, Walmart, Dow e, AMC Entertainment, Nikola, U.S . Steel, Thomson Locations: New York City, U.S, China, Delaware, Cleveland, Bengaluru

☆ Tiger Cub hedge fund Coatue trims Nvidia exposure, hikes bet on Microsoft
▼ + stars: | 2023-08-14 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Coatue Management's Philippe Laffont trimmed his exposure to top holding Nvidia in the second quarter, while raising his bet on Microsoft, according to the firm's latest 13F regulatory filing to the SEC. Laffont, a so-called Tiger Cub for previously working under Julian Robertson at Tiger Management, showed in a Monday filing that Coatue trimmed its stake in Nvidia by 6.7%. Instead, Coatue raised the size of its position in its No. 2 holding, Microsoft — another key AI beneficiary. Electric vehicle play Separately, Laffont raised his bets on the future of electric vehicles.

Persons: Coatue Management's Philippe Laffont, Cub, Julian Robertson, Coatue, Laffont, Nikola Organizations: Nvidia, Microsoft, SEC, Tiger Management Locations: Amazon, ChargePoint

U.S.-listed shares of Chinese companies also fell, with Alibaba , Baidu Inc and Nio Inc down between 2% and 6%. Economic data expected includes retail sales for July as well as industrial production and jobless claims numbers to gauge the direction for U.S. interest rates. Investors are basically staying on the sidelines until we get the economic news of the week," said Peter Cardillo, chief market economist at Spartan Capital Securities. AMC Entertainment common shares (AMC.N) fell 39.2% after a Delaware judge approved the theater chain's revised stockholder settlement on Friday. The S&P index recorded three new 52-week highs and six new lows, while the Nasdaq recorded 27 new highs and 93 new lows.

Persons: Brendan McDermid, Tesla, We've, Peter Cardillo, Alex Chriss, advancers, Amruta Khandekar, Arun Koyyur, Maju Samuel Organizations: New York Stock Exchange, REUTERS, China AMC, Dow, Nasdaq, Tesla, Alibaba, Baidu Inc, Nio Inc, Walmart, Federal Reserve, U.S, Treasury, Investors, Spartan Capital Securities, Traders, Dow Jones, PayPal Holdings, Intuit, AMC Entertainment, U.S . Steel, NYSE, Thomson Locations: New York City, U.S, China, Delaware, Cleveland, Bengaluru

☆ Stocks making the biggest moves midday: AMC, U.S. Steel, PayPal, Tesla and more
▼ + stars: | 2023-08-14 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, August 22, 2022. PayPal — PayPal stock added 2% after the company announced Intuit's Alex Chriss would take over as chief executive beginning in September. Tesla — Shares slipped 2% after the company announced lowered prices on some models in China. Okta — Stock in the identity management firm added 2.4% in midday trading after an upgrade to buy from Goldman Sachs over an improving risk reward ratio. Teledyne Technologies — The conglomerate climbed 4% after Goldman Sachs upgraded the stock to a buy from neutral.

Persons: AMC's, Intuit's Alex Chriss, Andrew Carnegie, J.P, Morgan, Wells, Nikola —, Goldman Sachs, Goldman, —, Samantha Subin, Alex Harring, Pia Singh, Hakyung Kim Organizations: New York Stock Exchange, AMC —, AMC, PayPal, U.S . Steel, Goldman, Teledyne Technologies Locations: New York, Cleveland, China, Maui

☆ Nikola shares fall after EV maker recalls all of its battery-electric semitrucks following a fire
▼ + stars: | 2023-08-14 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

A battery-electric Nikola Tre semitruck. Nikola is recalling all of the battery-electric Tres to repair a flaw in their battery packs that could start a fire. Five battery-electric Tres were destroyed in a fire at Nikola's headquarters in June 2023. The company is halting sales of its battery-electric trucks until the repair is available. Nikola is remotely monitoring all of its battery-electric trucks for signs of a similar defect.

Persons: Nikola Tre semitruck, Nikola Organizations: Nikola

☆ Stocks making the biggest moves before the bell: U.S. Steel, Tesla, Urban Outfitters and more
▼ + stars: | 2023-08-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Workers replace a roller that compresses steel at the A&T Stainless steel plant in Midland, Pennsylvania, March 2, 2020. U.S. Steel — Shares of the steel producer surged more than 26% premarket after it rejected a $7.3 billion buyout proposal on Sunday from rival Cleveland-Cliffs and said it's reviewing "strategic alternatives." Goldman Sachs upgraded shares of Okta to a buy rating, citing a favorable risk reward and expectations for an inflection in subscription revenues. Urban Outfitters — The clothing retailer shed 2.5% following a downgrade by Citi to neutral from buy. The Urban Outfitters brand will be slower to turn around, ultimately limiting possible upside to earnings per share, the firm wrote.

Persons: Tesla, Okta, Goldman Sachs, Wells Fargo, Parsons, Nikola —, Samantha Subin, Hakyung Kim, Sarah Min, Tanaya Macheel, Michelle Fox Organizations: &, . Steel, Weibo, Technologies, Bank of America, Outfitters, Citi, Urban Outfitters, Parsons Corporation, Hollywood, Nikola Locations: Midland , Pennsylvania, Cleveland, China, Okta, underperform

☆ Nikola Recalls Most of Its Battery-Electric Trucks After Fire Probe
▼ + stars: | 2023-08-12 | by ( Bob Tita | Ben Glickman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/nikola-recalls-most-of-its-battery-electric-trucks-after-fire-probe-234b5b86

Persons: Dow Jones, nikola

☆ Nikola recalls all battery-electric trucks, halts sales after fire probe
▼ + stars: | 2023-08-12 | by ( Mrinmay Dey | ) www.reuters.com time to read: +2 min

Logo of U.S. truckmaker Nikola is pictured at the IAA Transportation fair in Hanover, Germany, September 19, 2022. The company had said it suspected foul play when it started an investigation in June after trucks at its Phoenix, Arizona, headquarters caught fire. Struggling with supply chain bottlenecks and weaker demand, Nikola decided to make battery electric trucks only to order and focus on hydrogen fuel cell trucks. Nikola on Aug. 4 appointed Chairman Stephen Girsky, a former General Motors executive, as its chief executive, its fourth in four years. On Friday, Nikola asked customers and dealers of its Tre battery electric trucks to take certain immediate safety measures, including considering parking them outside.

Persons: Nikola, Fabian Bimmer, NKLA.O, Stephen Girsky, Shubhendu Deshmukh, Mrinmay Dey, Abhirup Roy, Sandra Maler, William Mallard, Raju Gopalakrishnan Organizations: IAA Transportation, REUTERS, Reuters, General Motors, Thomson Locations: Hanover, Germany, Phoenix , Arizona, Bengaluru, San Francisco

☆ Nikola recalls 209 Class 8 battery-electric trucks
▼ + stars: | 2023-08-12 | by ( ) www.reuters.com time to read: +1 min

Logo of U.S. truckmaker Nikola is pictured at the IAA Transportation fair in Hanover, Germany, September 19, 2022. REUTERS/Fabian Bimmer/File PhotoCompanies Nikola Corp FollowAug 11 (Reuters) - Nikola (NKLA.O) on Friday said it is recalling about 209 of its Class 8 Tre battery-electric vehicles (BEVs) as a precautionary measure. Nikola is currently in the process of filing this voluntary recall with the National Highway Traffic Safety Administration (NHTSA) and is placing a temporary hold on new BEV sales until a resolution is in place, the company said. The company said in a statement that a third-party investigator had found a coolant leak inside a single battery pack to be the probable cause of a truck fire at the company's headquarters in Phoenix, Arizona, on June 23, 2023. Reporting by Shubhendu Deshmukh in Bengaluru; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Nikola, Fabian Bimmer, BEV, Shubhendu Deshmukh, Sandra Maler Organizations: IAA Transportation, REUTERS, Companies Nikola, National, Traffic Safety Administration, Thomson Locations: Hanover, Germany, Phoenix , Arizona, Bengaluru

☆ Vietnamese EV maker VinFast gets go ahead for Nasdaq SPAC listing
▼ + stars: | 2023-08-10 | by ( Phuong Nguyen | ) www.reuters.com time to read: +3 min

Shareholders of Hong Kong-based Black Spade Acquisition (BSAQ.A), a blank-check company, voted on Thursday to approve the merger with VinFast. VinFast, in a joint statement with Black Spade, said it would list on the Nasdaq under the ticker symbol VFS "on or around August 15". It leaves VinFast's existing shareholders, including parent company Vingroup and Vuong, Vietnam's richest man, with 99% of shares in the company. "The voting results today are a vote of confidence in VinFast from Black Spade shareholders," VinFast's global head Thuy Le said in the statement. Black Spade was founded by the private investment arm of Lawrence Ho, son of the late gambling mogul Stanley Ho.

Persons: Mike Blake, VinFast, Black Spade, Pham Nhat Vuong, Thuy Le, Nikola Corp, EVs, VinFast's, Vuong, Lawrence Ho, Stanley Ho, Phuong Nguyen, Kirsten Donovan, Susan Fenton Organizations: Los Angeles Auto, REUTERS, U.S, Nasdaq, of Hong, VinFast, Black, Black Spade, Faraday, Nikola, Vingroup, Tesla, Thomson Locations: Los Angeles , California, U.S, HANOI, of Hong Kong, VinFast, North Carolina, Black, United States, Haiphong, Vietnam

It's clear to the four major U.S. professional sports leagues that Disney 's ESPN is potentially interested in them taking an equity stake in the network. Talks have had few specifics, said the people, but may heat up as ESPN attempts to reach a rights renewal deal with the NBA. Sources say Disney is targeting 2025 as a potential launch date for an unbundled-from-cable ESPN streaming service. Disney has informed the leagues that it's also holding separate talks with strategic investors who can provide distribution benefits, according to people familiar with the matter. "We're looking for partners that are going to help ESPN successfully transition to a [direct-to-consumer] model," Iger said Wednesday.

Persons: Nikola Jokic, ESPN's Lisa Salters, Disney, Bob Iger, it's, Iger, I've Organizations: Denver Nuggets, Nuggets, Los Angeles Lakers, Crypto.com Arena, Disney, ESPN, National Basketball Association, Major League Baseball, NBA, Comcast, Penn Entertainment, Football, MLB Locations: Los Angeles, Hulu

Search resuls for: "nikola"

25 mentions found