Business Rundown: Biden's Billions To Rivian

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.4 • 1.5K Ratings

🗓️ 6 December 2024

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Last week the Biden administration announced the Department of Energy will give a federal loan of $6.6 billion to electric vehicle maker Rivian to build a new factory. Critics of this move say it is more wasteful spending that could be seen as a political shot at Tesla CEO and Trump ally, Elon Musk. Co-anchor of ‘The Big Money Show’ Taylor Riggs speaks with the founder and CEO of Island Capital Investments about why loaning money to Rivian may not be a good business move and how the Department of Government Efficiency might rein in big spending moves like this. Photo Credit: AP Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	AI is changing how the world works, but Lenovo's AI PC is about to change how you work.
0:07.0	Lenovo AI PCs learn your preferences, allowing you to create faster and better.
0:12.0	They have AI power tools that can make you the most creative version of yourself.
0:17.0	So this isn't just a laptop launch, this is a U-Lunch. The Lenovo Yoga Slim
0:22.9	7-I with Intel Core Ultra processor. It's possible on your Intel AIPC.
0:29.9	This Christmas Liddle's spreading the chair, because we've gone on one Good Housekeeping Institute's
0:35.3	best supermarket wine range of the year.
0:43.1	Pick up great wines like a Kianti Reserver, New Zealand Sauvian Blanc, or Californian Zinfundel Rosee from 399.
0:45.3	Have a magical Christmas with Liddle.
0:47.8	Subject to availability, selected stores, G.B. Only.
0:50.1	I'm Taylor Riggs, and this is the Fox Business Rundown.
0:53.5	Music Rundown.
0:58.5	Hey! I'm Taylor Riggs, and this is the Fox Business Rundown. Friday, December 6, 2024.
1:01.6	Last week, the Biden administration announced the Department of Energy
1:05.1	will give a federal loan of $6.6 billion to electric vehicle maker,
1:10.6	Ribian, to build a new factory.
1:12.9	Critics of this move say it could be seen as a political shot at Trump ally,
1:16.9	Yvonne Musk, and his EV company.
1:19.6	It's a little egregious to look at the way they're spending our money and spending it
1:24.5	on companies that are actually losing money.
1:26.9	The $6.6 billion to be lent by Biden's Department of Energy
1:31.5	would help Rivian build a new electric car factory in Georgia.
	...

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