Rivian has received an $827 million incentive package from the State of Illinois Department of Commerce & Economic Opportunity, which will allow the company to expand operations at its plant in Normal, IL. The company said the funds from the incentive package will go towards expansion of the plant, improvements in public infrastructure and job training programs for Rivian's workforce.
SEC Chairman Gary Gensler was asked some hard-hitting questions by podcast host Jon Stewart. Many of the answers centered on Gensler wanting to do the right thing, but being resource constrained. Here’s a summary of the conversation.
In a significant development, the U.S. Securities and Exchange Commission is moving to freeze the assets of Binance US as part of its lawsuit against the cryptocurrency exchange.