Rivian, Lucid stock price surge ‘a sign of an unhealthy stock market’: strategist

Rivian, Lucid stock price surge ‘a sign of an unhealthy stock market’: strategist

Reuters

Biden pick to chair FCC affirms support for net neutrality

WASHINGTON (Reuters) -President Joe Biden’s pick to head the Federal Communications Commission, Jessica Rosenworcel, told senators on Wednesday she backed landmark net neutrality rules, but offered few details on how she might move to reverse their 2017 rollback. Late last month, Biden nominated Rosenworcel for a new term on the five-member commission and designated her chair. Biden also nominated Gigi Sohn, a former senior aide to Tom Wheeler who served as an FCC chairman under President Barack Obama, to an open seat.

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