Facebook, Apple, Google, and Amazon CEOS are preparing to testify before a congressional subcommittee this week. Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Andy Serwer discuss what to expect.

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Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Andy Serwer discuss the tech industry ahead of the big hearing this week with Investopedia Editor-In-Chief Caleb Silver.

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Amazon.com, Inc (NASDAQ: AMZN)-backed Rivian will begin deliveries of its all-electric pickup truck and SUV by sumer next year, the electric vehicle maker said in an email on Saturday, as reported by TechCrunch.What Happened Rivian had previously said in May that its delivery schedule had been moved to 2021, and it now spelled out the specifics in the note sent to prospective customers.The Irvine, California-based company said it would begin delivering its R1T electric pickup truck in June 2021 and its R1S electric SUV in August 2021.The EV maker has reportedly begun running a pilot production line at its factory in Normal, Illinois.Rivian is also expected to make 100,000 delivery vehicles for Amazon and said it's on schedule to begin delivering the electric vans to the retailer in early 2021.Of the Amazon vehicles, 10,000 will hit the roads in 2022, and remaining would be in use by 2030, TechCrunch noted.Why It Matters The delay in commencement of production is being attributed to the COVID-19 pandemic, as the EV maker halted construction work on its factory, a former Mitsubishi plant it purchased in 2017.Last week, it was reported that the rival Tesla Inc (NASDAQ: TSLA) is suing Rivian for allegedly poaching its employees and stealing its intellectual property.The T. Rowe Price Group Inc. (NASDAQ: TROW)- and BlackRock, Inc. (NYSE: BLK)-backed firm raised $2.5 billion in its first financing round of 2020 held earlier this month. It had raised over $2.85 billion last year.Photo courtesy: RivianSee more from Benzinga * Gold Hits Record High As US-China Relations Deteriorate Further, Bitcoin Crosses ,000 Mark * Credit Suisse Silently Invested 0M In Alibaba Subsidiary Ant Financial, Set To Benefit Immensely In Public Debut * Facebook, Amazon, Apple, Google CEOs To Testify Before House Antitrust Subcommittee Wednesday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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It looks like Costco Wholesale Corporation (NASDAQ:COST) is about to go ex-dividend in the next 3 days. Ex-dividend…

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Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Jessica Smith discuss the latest stimulus proposal, and the rising U.S.-China tensions.

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Just because a business does not make any money, does not mean that the stock will go down. For example, although…

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On Monday, the U.S. lowered the American flag at its consulate in Chengdu, China, as the deadline to exit approached. WSJ’s Liza Lin describes how Beijing’s shutdown of the outpost weakens an already limited U.S. presence in China. Photo: Noel Celis/AFP via Getty Images

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The analysts covering Ashford Hospitality Trust, Inc. (NYSE:AHT) delivered a dose of negativity to shareholders today…

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