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Niggala founder Nica founder, founder Trevor Milton is sentenced to four years in prison. And why the so-called Magnificent Seven stocks dominate the market?

We know that big tech stocks have done Magnit the market.

We know that big tech stocks have dominated the stock market rally over the past few decades

and there are so many acronyms for them.

Feng, pham, phan, the magnificence seven is just like an updated version of sorts

for the previous acronyms we've had.

Plus, Apple is halting sales of its smart watches to comply with a U.S. import ban.

It's Monday December 18th. I'm Anne Marie Fertulli for the Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that move the world today.

Trevor Milton, the founder of Electric Truck Company,

Niggala, has been sentenced to four years in prison for defrauding

investors. Milton was convicted on several fraud charges last year, with witnesses testifying

that he lied to ordinary investors about nearly every aspect of his company.

...