California-based Lucid Group has taken a significant step in expanding its production capabilities by acquiring certain assets and properties in Arizona from the bankrupt Nikola Corp. The deal does not include Nikola's business or technologies related to hydrogen fuel cell trucks, allowing Lucid to concentrate on its strategic objectives.

The telecommunications sector has been witnessing significant activity lately, especially in terms of mergers and acquisitions. One of the most talked-about developments is the potential merger between the British broadcaster ITV $ITV.L and RedBird IMI, backed by Abu Dhabi. This event has the potential to reshape the landscape of the media industry.