💔 Adobe-Figma $20B Deal Is Over

Plus: 🚗 EV Founder Going to Jail, 🚢 Red Sea Shipping Attacks

December 18, 2023

Adobe has ended its plan to acquire Figma in light of intensifying regulatory headwinds in Europe. The tech giant will be on the hook for a $1 billion termination fee. Read more.

The founder of Tesla rival Nikola has been sentenced to prison time for misleading investors. He was accused of lying about having developed a self-driving semi truck — even though he had no such thing. Read more.

Global shipping giants are rerouting vessels away from the Red Sea as conflicts related to the Hamas-Israel war spread. Roughly 12% of global trade depends on the Suez Canal, which connects the Red and Mediterranean seas and serves as a shortcut for goods to move between Asia and Europe. Read more.

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