Nikola slips 25% after striking long-awaited deal with General Motors that doesn't include crucial equity stake

General Motors will no longer take an equity stake in Nikola or help the company build its Badger pickup truck.

View in browser Subscribe Business Insider Select brings the best of Business Insider straight to your inbox, every day. Was this email forwarded to you? Sign up for Business Insider Select here. Nikola slips 25% after striking long-awaited deal with General Motors that doesn't include crucial equity stake General Motors will no longer take an equity stake in Nikola or help the company build its Badger pickup truck. READ MORE Premium A 'random Joe Schmo' IT specialist in England is claiming to be the creator of VCBrags, a controversial Twitter account that mocks VCs with over 86,000 followers "Underwhelming reveal," Mitchell Wakefield tweeted. The user researcher claims to be the author of the VCBrags Twitter account. READ MORE North Korean leader Kim Jong Un may have already received an unapproved coronavirus vaccine Japanese intelligence officials told a US expert that Kim Jong Un received a trial COVID-19 vaccine from China within the last few weeks. READ MORE Premium Experts say Procter & Gamble could acquire these 10 companies as pandemic-induced sales make personal and home care products attractive growth areas again P&G has bought niche brands like Native Deodorant. Companies that make sustainable cleaners and bidets may make appealing acquisitions going forward. READ MORE Ant Group's record-shattering IPO is highly unlikely to get done in 2021, a new report says The delay in Ant Group's IPO has led some analysts to slash its valuation estimate in half, according to Bloomberg. READ MORE Premium Elon Musk might be here to stay as the world's second-richest person Elon Musk is the second-richest person with a $142 billion net worth, but for how long? If Tesla's 2020 success is any indication, for a while. READ MORE How to vote in Georgia's US Senate runoff elections in January Georgia voters will determine which party controls the US Senate with two runoffs. Both are crucial races that will shape the Biden presidency. READ MORE Premium SpaceX may shell out billions to outsource Starlink satellite-dish production, an industry insider says — and lose up to $2,000 on each one it sells The Elon Musk-founded company appears to have contracted a Swiss electronics giant to build user terminals for about $2,400 a pop. READ MORE Premium Big companies including Ford, UPS, Aflac, and BofA are lining up to bankroll Biden's inauguration — and the president-elect now says he'll take their money Joe Biden's presidential inauguration could give corporations with business before the government opportunities to make friends in the new administration. READ MORE Premium Here's the salary breakdown for Wharton's class of 2020, including the industries that are paying its MBA grads the most Wharton's class of 2020 experienced a decrease in job offers compared with last year, but the median salary for graduates remained at $150,000. READ MORE Email sent to: ipat39@gmail.com   |   Manage preferences   |   Unsubscribe Terms of Service   |   Privacy Policy   |   © 2020 Insider Inc. 1 Liberty Plaza, New York, NY 10006