Electric vehicle startup raises $4 billion in SPAC offering to compete against Tesla
CNN
Luxury electric vehicle startup Lucid Motors went public after a merger with "blank-check" firm Churchill Capital Corp IV, in the largest deal yet between a SPAC and an electric car company.
The deal left the company with a market capitalization of $9.17 billion, as of this writing, and will give more than $4 billion in cash to Lucid Motors. The transaction will be used to expand Lucid's Arizona factory, the company said, which it eventually expects to be capable of producing 365,000 vehicles a year.
As the politics around Israel shift in the US, many Democratic lawmakers and candidates are seeking distance from the American Israel Political Affairs Committee. It comes as the group is spending big to shape the outcome of primaries across the country.
Louisiana Sen. Bill Cassidy in February weighed possible political peril against a long career in medicine, ultimately casting the critical vote to confirm known vaccine skeptic Robert F. Kennedy as the president’s Health and Human Services secretary.
As CENTCOM commander, it’s up to Adm. Brad Cooper to keep the military campaign on track until a political decision is made to end it — however long that may take.
As the war with Iran continues, oil prices are soaring and airlines will see higher fuel costs – which could hit travelers around the world in their wallets.
Raúl Guillermo Rodríguez Castro, grandson of former Cuban President Raúl Castro, appeared for the first time alongside Cuban President Miguel Díaz-Canel at two public events on Friday, raising questions, according to analysts, about his role in Cuba’s leadership as the island faces calls for regime change from the United States.
Federal prosecutors charged a lobbyist with trying to extort a former client and his son to recover half a million dollars in debt, according to court filings.
A slew of documents related to President Donald Trump’s plans to close and extensively renovate the Kennedy Center must be turned over to a Democratic congresswoman who sits on the center’s board ahead of a Monday vote on the president’s plan, a federal judge has ruled.
On a quiet Thursday morning in suburban Detroit, a pickup truck sat in the parking lot of a synagogue, as children and teachers inside went about their normal routines.
Kat Abughazaleh started off a recent debate in her Illinois Democratic primary with a correction for the moderator: She sees herself as a researcher and journalist, not an “influencer.”
Two weeks in, the Trump administration is no closer to settling on a defined strategy for finishing a conflict that has grown only more complicated and unwieldy by the day, according to interviews with more than a half-dozen people familiar with the internal deliberations.
A father and Transportation Security Administration officer said he “crumbled” when one of his children asked whether he needed money in the wake of the nearly four-week-long government shutdown of the Department of Homeland Security.
Passengers at three airports in the Washington, DC, area are facing significant delays after a ground stop was issued Friday afternoon due to an equipment outage, according to the FAA and Transportation Secretary Sean Duffy, who posted details on X.
A political fundraising email from President Donald Trump’s political action committee has a provocative pitch.