Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, curated by hand to exclude the clutter and ensure you get up to speed in under a minute.
[Automobiles] General Motors (GM) has taken a $2 billion stake in Nikola, the Arizona-based electric truck and hydrogen vehicle manufacturer. GM will supply Nikola with its Ultium batteries and Hydrotec fuel cell systems and build one of its trucks.
[IPO] KKR owned Hensoldt has announced its IPO. The German defense equipment manufacturer will be one of the first companies to IPO in Frankfurt since the pandemic.
[Manufacturing] Beyond Meats, the plant-based meat alternative company, has opted to build production facilities in China. Beyond Meats hopes to gain a share of the market in a country that is the largest animal-meat consumer.
Over60: Bloomberg Quint
[Private Equity] Online learning company Byju's raises $500 million in a funding round led by Silver Lake. The company is now valued at close to $10.8 billion.
[Markets] NASDAQ futures point towards a 2% dip, reflecting global market sentiments on a day when most exchanges worldwide closed in the red.