Share prices of Rivian Automotive ( NASDAQ:RIVN ) briefly fell to $75.13 per share on Friday before closing the session at $79.95 per share. It was the first time Rivian stock dipped below its initial public offering (IPO) price of $78 per share. The sell-off marks over a 55% drawdown from the stock's all-time intraday high of $179.47 per share set on Nov. 16, 2021. Here are arguments for and against buying the electric vehicle (EV) stock now. Image source: Rivian Automotive. Take advantage of inefficient markets Howard Smith : Markets aren't always efficient, and that's how investors can gain an advantage. While Rivian shares have dropped recently in concert with many high-growth tech names, one of the biggest dips came with the news that Amazon ( NASDAQ:AMZN ) was starting a partnership with Chrysler parent Stellantis ( NYSE:STLA ) to supplement its supply of electric delivery vans. Prior to this news, investors only knew that Amazon -- an early … [Read more...] about Rivian Stock Just Fell Below its IPO Price of $78 Per Share: Time to Buy?
Diplomats really mean it
Share to Twitter Share to Linkedin United Therapeutics CEO Martine Rothblatt talks about pig cloning, lung transplants and electric ... [+] helicopters at the Forbes Women's Summit on Tuesday. Julia Ferrier for Forbes From cofounding Sirius Satellite Radio to launching a biotech company to find a cure for her daughter’s illness, Martine Rothblatt has had so much career success that any one of her accomplishments would be a crowning achievement for another entrepreneur. “I always try to convert a moonshot into an earthshot,” Rothblatt told hundreds at the Forbes Women’s Summit on Tuesday. As the CEO of United Therapeutics, which now sells five FDA-approved pills for pulmonary arterial hypertension, Rothblatt is constantly innovating. Her company has been experimenting with pig cloning and genetic modification to create organ transplants the body doesn’t reject. She’s also now figured out how to save the some 80% of donated lungs that end up … [Read more...] about How CEO Martine Rothblatt Turns Moonshots Into Earthshots
Brian Klaas is an associate professor of global politics at University College London and a columnist for the Washington Post , where he frequently comments on U.S. foreign policy and democratization. For his latest and fourth book exploring the acquisition and repercussions of power, he traveled around the globe and interviewed more than 500 powerful people—from CEOs to cult leaders—and scoured the world for experts who research power, such as neuroscientists, behavioral economists, and anthropologists. advertisement advertisement Below, Klaas shares five key insights from his new book, Corruptible: Who Gets Power and How It Changes Us . Listen to the audio version—read by Klaas himself—in the Next Big Idea App. 1. Power doesn’t just corrupt—it attracts the corruptible. We’ve all heard Lord Acton’s famous aphorism: power tends to corrupt, and absolute power corrupts absolutely. Lord Acton was correct, but that’s just the tip of the iceberg. … [Read more...] about I interviewed more than 500 powerful people—from CEOs to cult leaders. Here’s why second-in-command is better
There’s no doubt that the impact of the pandemic and the Great Resignation on our country is unprecedented. Nineteen million workers quit their jobs between March and July this year. Job openings surged to an all-time high of 10.1 million in June. advertisement advertisement While informative, these numbers are inherently flawed because they don’t differentiate between generations—which means that they aren’t telling us the whole story. Think about it: there’s a big difference between a 37-year-old Millennial who has been working for 15 years and a 22-year-old Z who is just entering the workforce. What each looks for in a job is wildly different, but the data doesn’t give us insight into their unique wants and needs. To rectify this, we conducted a study of 500 Zs across the United States, ages 18–24. Our goal? To better understand what Zs really want and how companies can create work environments (as well as compensation and … [Read more...] about Stop believing these 4 myths about Gen Z at work