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MarketWatchJul 10, 2020
Business in the Age of COVID-19: Netflix pulled off a showstopper early in the pandemic, but will the sequel deserve the price?
The runaway success of streaming services during the pandemic leads to the invariable entertainment-tinged question: What does Netflix do for an encore?

Yahoo BusinessJul 10, 2020
Electric Truck Maker Rivian Secures $2.5B In New Financing
* Electric truck and SUV maker Rivian has secured $2.5 billion in new financing * Analysts: "The days of Tesla's virtually unchallenged dominance may be numbered." * Amazon has ordered 100,000 Rivian electric delivery vansRivian has secured $2.5 billion in new financing, the electric truck maker announced on Friday, July 10.T. Rowe Price Group, Inc. (NASDAQ: TROW), a previous investor, led the investment round, with participation from the Soros Fund Management LLC, Coatue, Fidelity Management and Research Company, and Baron Capital Group. Existing shareholders Amazon.com, Inc. (NASDAQ: AMZN) and BlackRock, Inc. (NYSE: BLK) also participated.Rivian is the less-sexy-but-getting-sexier member of an electric vehicle company triumvirate that includes Nikola Corporation (NASDAQ: NKLA) whose shares surged during its IPO last month, and Tesla, Inc. (NASDAQ: TSLA) recently ranked as the world's most valuable transportation company.Muscling its way up the ranking, Rivian has been on a tear since last fall, when Amazon (NASDAQ: AMZN), ordered 100,000 electric delivery vans from the Michigan-based startup.Prior to that date Rivian had positioned itself as an adventure vehicle maker, focused on an electric pickup truck, the Rivian R1T, and an electric SUV, the Rivian R1S.In total, Rivian completed four funding rounds in 2019, including a .3 billion investment led by funds and accounts advised by T. Rowe Price Associates.Despite production delays tied to the coronavirus pandemic, the consumer vehicles are expected to launch early

Yahoo BusinessJul 10, 2020
American credit card debt plunges during coronavirus pandemic
American credit card debt plummeted during the coronavirus pandemic, dropping below $1 trillion for the first time in years.

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