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Los Angeles-based
Canoo has unveiled plans for a new vehicle, aimed at the electric delivery, food truck, and other industries. The company which recently went public via a Special Purpose Acquisition Company (SPAC) said its new Multi Purpose Delivery Vehicle is based on the same platform as its subscription-only van. The company s reveal featured LA s Dot Com era startup favorite food truck, Kogi BBQ. The company claims it will be able to deliver the new vehicle in 2022, with a starting price of $33,000.
Microvast Continues To Generate Significant Hype as the Next-Gen Battery Manufacturer Is Now Close To Inking a Definitive Merger Agreement With the SPAC Tuscan Holdings (THCB) Dec 15, 2020 09:24 EST
Microvast, a leading provider of next-generation battery technologies for commercial and specialty-use electric vehicles, continues to attract substantial interest from investors as the formalization of its proposed merger with the Special Purpose Acquisition Company (SPAC), Tuscan Holdings Corp. (NASDAQ:THCB), draws ever closer. As an illustration of this phenomenal interest, Tuscan Holdings shares created a new all-time high on the 09th of December, closing at $17.20 per share. While the stock’s gains have moderated since then, the much-anticipated inking of a definitive merger agreement with Microvast is likely to unlock the next substantial upward move in the SPAC’s shares.
Expect the most evictions in history as ban expires (SPY +0.2%). Midday Movers: DoorDash, Airbnb, Denny s, Virgin Galactic, Arvinas.
Here is the current market situation from CNN Money
North and South American markets are mixed today. The S&P 500 is up 0.24% while the Bovespa gains 0.10%. The IPC is even.
Traders Corner - Health of the Market
What Is Moving the Markets
Here are the headlines moving the markets.
Exxon Vows To Reduce Emission Intensity ExxonMobil plans to reduce the greenhouse gas emissions from its global upstream operations by 2025, in support of the Paris Agreement, the U.S. supermajor said on Monday, days after it was criticized, again, by shareholders for lacking plans for the energy transition. ExxonMobil now aims to reduce the intensity of the greenhouse gas emissions from its operated upstream assets by 15 to 20 percent by 2025, compared to 2016 levels. Exxons methane intensity is targeted to drop by 40 to 50 percent, and flaring intensity to decline
Investment Week is hosting its Global Emerging Markets Briefing at a pivotal time for investors as they start to position for the recovery from the Covid-19 pandemic, although risks remain.
During this interactive briefing, we will hear from a number of global emerging market managers about their response to the extraordinary events of the past year and their outlook for the rest of the year and beyond.
The managers will identify where they are seeing the biggest opportunities and risks at the moment in emerging markets and explain the role their strategies could play in client portfolios.
Attendees will also get the chance to network with peers, quiz our speakers, as well as benefit from CPD points
Goldman Sees SPAC Frenzy Unleashing $300 Billion In Takeovers Next Year zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.