To The Moon

Serge Pun, one of Myanmar’s richest tycoons, is in the country at accommodation “provided by the relevant authorities and cooperating,” Yoma Strategic Holdings Ltd. said Thursday.The relevant authorities didn’t say whether Yoma’s executive chairman Pun is under any house arrest or detained, Singapore-listed Yoma said in a statement. However, Pun and two other employees “do not have complete unrestricted use of their communication devices and would be expected to remain” in the country until the

Rivian shares soared 35% in premarket trading Wednesday following news that German automaker Volkswagen plans to invest $5 billion in the electric vehicle startup as part of a joint venture to create industry-leading vehicle software technology.Rivian also lifted Lucid stock. The shares jumped 7.2% in premarket trading.