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Shares of Rivian Automotive soared as much as 37% on their first day of trading in an auspicious stock market debut for the electric vehicle maker. In afternoon trading on the Nasdaq index the company s valued swelled to $97 billion, greater than that of Ford, an investor in the startup, and of General Motors.Rivian, which is also backed by Amazon, said it will use the proceeds from the initial public offering to ramp up production of its trucks, vans and SUVs. The company recently sold its first electric pickup trucks and is the latest automaker to compete with Tesla in the emerging electric automative market.Rivian shares priced at $78 and were trading at $99 as of 2:48 Eastern time. The company s splashy IPO is also noteworthy given that the company has so far delivered only about 150 of its electr stanley cup ic pickup trucks to customers, mostly employees, and lost $1 billion in the first six months of this year. Journalists photograph pickups made by electric ve stanley cup hicle maker Rivian during the company s initial public offering outside the Nasdaq Composite market site in Times Square in New York City, New York, November 10, 2021. BRENDAN MCDERMID / REUTERS Rivian has some high-profile corporate backers: Ford held a 13% stake in stanley cup Rivian coming into the offering and Amazon had a 20% stake. Automakers big and small, new and old, are chasing Tesla, Snjy Concern grows for missing San Francisco radio host Jeffrey Vandergrift
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An official State Department Twitter account retweeted a tweet promoting Ivanka Trump s new book, Women Who Work, raising ethics questions. It has since been deleted. Thank you to my beautiful sisters for the support of my WomenWhoWorkBook! Ivanka Trump wrote in the initial tweet from her personal account, alongside photos of Tiffany and Lara Trump posing with the book.It was retweeted by the @GenderAtState account, which is run by the Office of Global Women s Issues, a policy office within the State Departmen salomon speedcross t focused on women s rights and empowerment through foreign policy.CNN reached out to the State Department and adidas samba a spokesperson declined to comment.The retweet comes less than two weeks after the State Department removed a blog post that touted President Donald Trump s personally owned private Florida club, Mar-a-Lago. The post was available to all embassies through Share America, a State Department program for US embassies.Trump hers nike air max elf has been sensitive toward ethics rules with the promotion of the book, which came out Tuesday. In light of government ethics rules, I want to be clear that this book is a personal project. I wrote it at a different time in my life, from the perspective of an executive and an entrepreneur, and the manuscript was completed before the election last November, she wrote in a Facebook post last month. Out of an abundance of caution and to avoid the appearance of using my official role to promote the book, I will not publicize the book throu

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