Reuters USA

EV maker Lucid surges on report Saudi PIF to buy remaining stake

(Reuters) -Lucid Group’s shares surged 43% on Friday, paring gains after doubling on market speculation that Saudi Arabia’s Public Investment Fund (PIF) wanted to buy out the electric vehicle maker. The speculation originated from an “uncooked” alert attributed to deals website Betaville, using its term for market gossip. Lucid was the sixth-most traded stock on …

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DOJ probing Visa on U.S. debit card practices, competition

(Reuters) – Visa Inc said on Friday the antitrust division of the U.S. Department of Justice had issued investigative demand earlier this month seeking documents and information about U.S. debit card practices and competition with other payment networks. The probe, which began in early 2021, followed reports the United States was investigating whether the credit …

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Former U.S. VP Pence says he takes responsibility for documents found at home

(Reuters) -Former Vice President Mike Pence said on Friday he had not been aware that classified documents were at his Indiana home and said he takes “full responsibility” for the security breach. Pence, speaking at Florida International University in Miami, said a review was conducted of his personal records after classified documents were found at …

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