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Peloton Shares Drop After The Fitness Company Discloses It Has Been Subpoenaed By The DOJ & DHS

Plus, Fed Chair Jerome Powell said the central bank is likely to begin tapering before the end of this year, Apple announced App Store updates, and Rivian Automotive confidentially filed to go public.

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Virgin Galactic Shares Drop After Founder Branson Sells Stake Worth $300 Million

Plus, the FDA authorized COVID-19 booster shots for people with weakened immune systems, Disney delivered an earnings beat, and space company Momentus debuted on the Nasdaq.

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Amazon Shares Drop After Q2 Revenue Miss

Plus, Amazon was also hit with a record fine for violating the EU’s data protection rules, Chevron and Exxon both reported profits for the second straight quarter, and Robinhood closed down 8% after its market debut.

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Nikola Shares Drop As Founder Milton Is Charged With Three Counts Of Fraud

Plus, Uber shares are down on reports that SoftBank is selling $2.1 billion of its stake in the ride-hailing company, DiDi shares surged on reports that it is going private, and Robinhood makes its public debut today.

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Virgin Galactic Shares Drop After Company Files To Sell $500 Million In Stock Following Branson’s Weekend Spaceflight

Plus, Pfizer said it is meeting with U.S. health officials today to discuss its COVID-19 vaccine booster shot, Walmart’s Flipkart just completed a $3.6 billion funding round, and grill maker Weber has filed to go public.

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Dollar General Just Hired Its First Chief Medical Officer & Is Aiming To Become A Health Care Destination For Customers

Plus, Visa said more than $1 billion worth of cryptocurrency was spent through its crypto-linked cards in the first half of the year, DiDi’s app has been removed from WeChat and Alipay in another blow to the company, and Planet Labs is going public via a SPAC merger.

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ADP Reports Private Payroll Gains Of Better-Than-Expected 692,000 Jobs

Plus, Bed Bath & Beyond said sales rose nearly 50% in the first quarter, Plug Power got a new Buy rating, and Taboola has gone public via a SPAC acquisition.

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Investors Shrug Off Soft Recall Of Tesla’s Model 3 & Model Y In China

Plus, cryptocurrency exchange Binance was banned from operating in the U.K., the FAA said Boeing’s 777X plane isn’t ready for a significant certification step, and U.S. lawmakers are investigating Biogen’s new Alzheimer’s drug over price concerns and doubts about its effectiveness.

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Luminar Technologies Shares Pop After Volvo Said It Is Integrating Its Lidar System On A New SUV

Plus, Olive Garden-parent Darden said its same-store sales have nearly returned to pre-pandemic levels, Elon Musk said SpaceX’s Starlink will go public when its cash flow is more predictable, and jobless claims came in above expectations.

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Bitcoin Drops To A Two-Week Low As China Intensifies Its Cryptocurrency Crackdown

Plus, Uber is acquiring the remaining stake in grocery delivery start-up Cornershop, Wingstop is launching its new Thighstop brand, and salad chain Sweetgreen has reportedly confidentially filed to go public.

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IPOs Are Hot This Year & Traders Say These 2 New Stocks Are The Best Of The Bunch

Initial public offerings are already having a record year. Traders say, of the biggest new names on the market, 2 stocks look like the best buys right now. Here’s why.

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