EV Maker Files For Bankruptcy, Walgreens Crashes

An electric truck maker, was previously the beneficiary of the SPAC boom and the easy money of the early 2020s, has just filed for bankruptcy as once again EVs struggle to live up to the hype that permeates the industry. Elsewhere Walgreen stock is getting clobbered this morning after the company slashed it's full-year earnings guidance by 10%. Also durable goods orders in the US beat expectations by a wide margin thanks mostly to a surge in non-defense aircraft.

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