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Electric car maker Faraday Future trims down its factory size in Northern Las Vegas. Financial problems and lawsuit have made the company to take a more cautious steps in spending.

JPMorgan Chase received license to underwrite bond in Chinese corporate market. This enable the bank to issue corporate bond in China emerging market.

NCAA reaches an agreement to settle in the class action lawsuit filed by student-athlete who claimed NCAA has downsized their scholarship illegally. The NCAA and other athletic conferences agreed to pay $208.7 million settlement.