reaffirms

**Rivian** reveals cost-saving shift in production location, reaffirms modest profit forecast in 2024

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Laguna Beach, California – Electric vehicle manufacturer Rivian reported a mixed first-quarter financial performance, with revenue slightly exceeding expectations but a higher-than-expected loss per share. Despite the quarterly results, Rivian anticipates cost savings from relocating R2 production to its plant in Normal, Illinois, and reducing its capital expenditure projections. The company also restated its full-year loss forecast and remains optimistic about achieving a “modest gross profit” by the fourth quarter of this year. A highlight …

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Security Adviser Jake Sullivan makes secret trip to bolster Ukraine support amid funding impasse – Biden administration reaffirms commitment to beleaguered ally with surprise visit to Kyiv

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Kyiv, Ukraine – National security adviser Jake Sullivan made a secretive trip to Ukraine on Wednesday to show unwavering U.S. support for the country, amidst challenges in Congress over additional funding for the war effort. Sullivan’s visit came at a time when Ukrainian forces were retreating from the city of Avdiivka in the face of Russian advances, facing critical shortages of ammunition and soldiers. While the Senate proposed a $60 billion aid package for Ukraine, …

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