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MARKET MOVERS

  • Vince McMahon returns as WWE Chairman, Stephanie steps down as co-CEO. Vince McMahon, former CEO and controlling shareholder of the company joined the WWE board of directors last week and said he would help to facilitate a sale of the company. The company has hired JPMorgan to advise on the potential sale. Read more here.
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  • Tesla files plans for $775 million expansion of Texas factory. It's an apparent sign of confidence it can overcome the manufacturing problems* it faced last year. The plans were disclosed in documents filed by Tesla this week on the Texas state department of licensing’s website and suggest work on the site in Austin could start as soon as this month.

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