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Rivian Shares Surge in Largest U.S. IPO Since 2014

Rivian Automotive Inc. made its debut on the public markets Wednesday, scoring a valuation that instantly made it a rival of traditional car makers and the latest beneficiary of investors’ fervor for greener auto technologies. The California-based startup, founded in 2009 by a Massachusetts Institute of Technology graduate, closed at …

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Biden and China’s Xi to Hold Virtual Summit on Monday

WASHINGTON—President Biden and Chinese President Xi Jinping plan to hold a virtual summit on Monday, people familiar with the matter said, as the two leading world economies pledge to work together on climate change but differences remain over Taiwan and other fronts. The leaders have spoken twice since Mr. Biden …

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