DTNS - Silicon Valley Bank and Signature Bank

Apple and Foxconn convinced the Indian government to change labor laws in Karnataka last month. The new legislation caps maximum working hours at 48 per week, but also raised the number of allowable overtime hours to 145 over a three month period. On Monday, HSBC announced it would buy the UK arm of SBB for one pound sterling. Amazon and Rivian are in talks to end exclusivity on their 2019 electric van deal that is required Rivian to sell all of its vans it makes to Amazon.