Apple vs. EU 2.0 & Nikola bought its truck design

There is pretty much zilch on the economic or earnings front- which typically means we get bumped around in markets by sentiment – and possibly politics.

So over the weekend US president Donald Trump picked his Supreme Court nominee – the favourite – conservative leaning – Amy Coney Barrett . From a politics standpoint it all seems to be about Obamacare – or officially the Affordable Care Act. – the ACA was signed into law under Barrack Obama – and Trump has been trying to undo it since entering the white house.


From a markets perspective – the importance as I said in Friday’s day ahead is all about how it affects the chances of another stimulus deal. On that front – Democrats offered an olive branch of sort –a $2.2 trillion deal as a compromise with Republicans how had been looking at a more targeted 500 billion-$1 trillion package.


Separately in corporate news – Apple and Nikola probably have the spotlight. The European Commission is appealing the court case it lost against the iPhone-maker and Ireland and its so-called sweetheart tax deal there. That means Apple could still be on the hook for around $16 billion.    


Electronic and hydrogen –truck maker Nikola – which lost 50% of its value last week – apparently bought the design for its truck from a third party. Looking in from the outside – this could be one of the worst corporate deals ever made by GM – I wonder if it even means some of the top brass from GM have to step aside – perhaps event CEO Mary Barra - for such poor judgement.



Read our next article: GoodRx: the fight to cut subscription drugs prices

Related Articles

Client sentiment (good data) vs. Cambridge Analytica (bad data)

Client sentiment tool (good data) vs. Cambridge Analytica (bad data)

Nikola stock soars 40% after GM makes a massive investment in its e-trucks
Stocks Technology

Nikola Motor, the new EV* star?

WATCH: Video where motorless Nikola EV truck rolls down hill

WATCH: Video where motorless Nikola EV truck rolls down hill

Trump approves TikTok deal & Superdry earnings

Trump approves TikTok deal & Superdry earnings