Biden Nears Billions for Plug, Rivian

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Biden finalizing DoE loans for Plug Power, Rivian before Trump returns - Bloomberg

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Plug Power (PLUG) and Rivian Automotive (RIVN) +1.1% in early trading Thursday following a Bloomberg report that the Biden administration is poised to finalize billions of dollars in financing for the two companies before President-elect Trump returns to the White House .

The funding includes a loan guarantee of nearly $1.7B for Plug to build hydrogen plants that are key to the company's growth plans.

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