• Uber surges over 7% to touch record highs as SoftBank announces it sold $2 billion in stock

    9 days ago - By Business Insider

    Uber ride share.
    Klaus Vedfelt/Getty Images
    Uber stock is surging Tuesday, up over 7% on strong volume as investors are betting on a ride-share recovery in 2021.
    SoftBank Group Corp.'s Vision Fund announced that it sold about $2 billion in Uber stock on January 7 at an average price of $53.46 per share.
    Uber also recently inked a deal with the biotech giant Moderna that will see the two companies come together on initiatives to combat COVID-19.
    It has also pledged to be a zero-emission company boasting all-electric vehicles by 2040 .
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  • Churchill Capital Corp IV extends 2-day surge to over 50% on news of plans to take Lucid Motors public via SPAC

    9 days ago - By Business Insider

    Electric vehicle charging.
    Jackyenjoyphotography/Getty Images
    Shares of Churchill Capital Corp. IV are up over 50% in a two-day streak to start the week.
    News of the SPAC potentially taking EV company Lucid Motors public is driving the share price higher.
    The fourth of seven 'blank-check' companies operated by Michael Klein, Churchill Capital Corp. IV's plan for Lucid Motors would keep the SPAC craze going in 2021.
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    Shares of Churchill Capital Corp IV soared to start the week on news the special purpose acquisition...
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