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Wall Street Breakfast

Microvast Plunges on Canceled Grant Report

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 23 May 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

Microvast (MVST) plunges as Energy Department said to cancel DoE contract (01:48). Tegna (TGNA) jumps 5% after Standard General deal terminated, buyback announced (06:37). Yelp (YELP) gains on report of activist investor push for sale (07:11).

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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

0:07.0

Good morning. Today is Tuesday, May 23rd, and I'm your host Julie Morgan.

0:12.0

A cancel government grants in shares of microvass plunging.

0:16.0

A report says the Department of Energy cancelled a grant over concerns there's a link between micro vast and the Chinese government.

0:24.5

Dollar Tree reports earnings this week.

0:26.7

There's certainly going to be heightened attention on CEO Richard Trillings

0:31.2

transformation efforts. Seeking Alpha analyst Justin Puro. Richard Trillings, Transformation Efforts.

0:32.6

Seeking Alpha analyst Justin Piero Hitt says he's

0:35.9

bullish on the stock and breaks down

0:38.0

why he's paying close attention to the new CEO

0:41.0

and a potential negative catalyst for ticker symbol DLTR.

0:45.8

Tegna's deal with Standard General has been terminated.

0:49.4

Tegna also announced a buyback. Keep in mind as you listen to the show and you hear a topic you want more information about,

0:57.0

we include all transcripts and links on Seeking Alpha,

1:00.0

where we publish under Wall Street Breakfast.

1:02.9

We also include links to all articles

1:05.2

on our podcast show notes.

1:07.0

You can find show notes under the episode

1:09.1

description on your podcast player.

1:12.2

First, an update to a story we told you about last week here on Wall Street breakfast.

1:17.0

Last week we told you that the state of Montana decided to ban Tik-Tok.

1:21.0

Well, now Tik-Tok owned by China-based Bight Dance is suing Montana

...

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