A Fundamental Bull Market or Speculative Binge
A fundamental bull market is supported by broad based economic growth which spurs solid growth in worker s wages and organic growth in corporate revenue and cash flow. The steady increase in economic activity lifts the stock market but the market s valuation is below the 75th percentile of historical valuations. A fundamentally driven bull market is not dependent on the economy needing an extraordinary amount of fiscal stimulus to avoid a recession and surge in bankruptcies
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Micromobility startup Helbiz, which now operates across Europe and the USA, is merging with a special purpose acquisition company (SPAC) to become a publicly listed company, giving it a war chest to potentially roll-up smaller competitors in the space, as well as the resources to expand into "cloud" or "ghost" kitchens as part of a move into food delivery. Helbiz intends to merge with GreenVision Acquisition Corp. (Nasdaq: GRNV) in the second quarter of 2021. The combined entity will be named Helbiz Inc. and will be listed on the Nasdaq Capital Market under the new ticker symbol, "HLBZ."
BALA CYNWYD, PA / ACCESSWIRE / February 8, 2021 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of GreenVision Acquisition Corp. ("GreenVision" or the "Company") (NASDAQ:GRNV) for possible breaches of fiduciary duty and other violations of federal and state law in connection with a merger agreement pursuant to which GreenVision, a special purpose acquisition company, will combine with Helbiz, Inc.
Hyzon Motors, the hydrogen fuel cell truck and bus startup, is going public via reverse merger with a special purpose acquisition company.Driving the news: Hyzon is merging with Decarbonization Plus Acquisition Corp. in a deal that values the New York-based startup at $2.7 billion.Get smarter, faster with the news CEOs, entrepreneurs and top politicians read. Sign up for Axios Newsletters here.Why it matters: The 2020 craze of electric and hydrogen transportation startups going public is continuing in 2021. And it's the latest sign of investors betting on commercial fleet buyers to eventually buy lots and lots of electric and hydrogen-powered big trucks.The details: The deal will provide the company with $626 million in proceeds to fuel its expansion, the announcement states. New and existing investors include BlackRock, Federated, Fidelity, Wellington and Riverstone Energy Limited.It comes after the multinational oil-and-gas giant Total SE invested in Hyzon last year.Hyzon CEO Cr
Genetic testing company with 10 million customers’ data has ‘huge cybersecurity implications’ Richard Branson’s company is joining forces with 23andMe through what is known as a ‘blank-check company’. Photograph: Daniel Leal-Olivas/AFP/Getty Images The genetic testing company 23andMe will go public through a partnership with a firm backed by the billionaire Richard Branson, in a deal that has raised fresh privacy questions about the information of millions of customers. Launched in 2006, 23andMe sells tests to determine consumers’ genetic ancestry and risk of developing certain illnesses, using saliva samples sent in by mail. Privacy advocates and researchers have long raised concerns about a for-profit company owning the genetic data of millions of people, fears that have only intensified with news of the partnership. “The question in all situations like this is where the data is going and why these different companies and invest