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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 …

A Chinese meat company’s takeover of Virginia-based Smithfield Foods was meant to be the crowning achievement for Wan Long, the aging former slaughterhouse manager who engineered the deal. Instead, the $4.7 billion merger has now estranged him from his eldest son. Source link

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 …