Lucid Group secures $1B investment
Wall Street Breakfast
00:00
Investment boost for Lucid Group and SLB's Russia strategy
Lucid Group secures a $1 billion investment from a Saudi PIF Wealth Fund affiliate, becoming a majority stockholder. The investment, slightly below expectations, is viewed favorably by analysts. Additionally, SLB's stance on remaining in Russia during the Ukraine invasion and its ongoing strategic operations are discussed.
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