REE Automotive Ltd (REE) News & EventsREENews & EventsREE Automotive Ltd

REE Automotive Appoints Hicham Abdessamad as Chairman of the Board

REE Automotive announced that Hicham Abdessamad has been appointed Chairman of its Board of Directors, effective December 22, 2025. Abdessamad succeeds Carlton Rose, who has served as Chairman of the Board since 2023. Rose will continue to serve as a member of REE's Board of Directors following the transition of the Chair role to Abdessamad. Abdessamad served as Chairman and CEO of Hitachi America, Ltd., where he oversaw the growth objectives of Hitachi's North America business across key sectors including digital, energy, and innovation.

Major US Indices Close Marginally Lower, Nasdaq Down 0.24%

The major averages closed marginally lower on the penultimate trading day of the year as markets contend with light year-end volumes and a pullback in heavyweight tech and AI names that stalled last week's strong rally. In Fed news, minutes from the latest FOMC meeting show that "most" on the committee have judged that further rate cuts would likely be appropriate if inflation declines over time as expected. In addition, FOMC members have generally judged that upside risks to inflation remained elevated and that downside risks to employment were elevated and had increased since the middle of 2025.Looking to commodities, gold edged higher following yesterday's sharp losses, while oil was fractionally lower ahead of the API crude numbers set for release this afternoon.Get caught up quickly on the top news and calls moving stocks with this Midday Fly By.1. STOCK NEWS:Meta PlatformsAI startup Manus, with the Wall Street Journal reporting that Meta is paying over $2B for the businessApplied Digitalits cloud computing business with Ekso BionicsOn24by Cvent for $8.10 per share in cashCiti'sboard approved a plan toAccording to, "most" on the FOMC have judged that further rate cuts would likely be appropriate if inflation declines over time as expected2. WALL STREET CALLS:ArgusBHP Groupto Buy on "firming" commodity pricesMereo BioPharmato Hold at JefferiesBenchmarkLindblad Expeditionswith a Buy on high growth visibilityStephensof Rubrik, Commvault, and AvePointwith Overweight ratings and Varonisat Equal Weight3. AROUND THE WEB:SMICintends to acquire the remaining 49% stake in unit SMNC for Y40.6B, or $5.79B, giving the company full control of the subsidiary,The U.S. government has granted Samsung Electronicsand SK Hynixan annual license to bring chip manufacturing equipment to their Chinese facilities for 2026,Power-hungry AI projects are benefiting Caterpillaras a range of customers looks to purchase the company's engines and generators,Softbankhas completed its $40B investment in OpenAI,Warner Bros. Discoveryplans to reject Paramount Skydance'sbid next week,4. MOVERS:Hycroft Miningincreases after filing aBoeinggains after being awarded afor the F-15 Israel Program and a ceiling $4.2B modification to a previously awarded Air Force contract for E-4B contractor logistic serviceEnergy Fuelsfalls after Roth Capital said shares of the companyTruth Medialower after Yorkville America launchedon the New York Stock Exchange5. EARNINGS/GUIDANCE:Ree Automotivereported, with EPS higher year-over-yearEtoiles CapitalreportedCemtrexreported, with revenue higher year-over-yearAMTD IDEA Groupreported, with CFO Xavier Zee commenting, "We are proud to deliver another half year of strong performance"INDEXES:The Dow fell 94.87, or 0.20%, to 48,367.06, the Nasdaq lost 55.27, or 0.24%, to 23,419.08, and the S&P 500 declined 9.50, or 0.14%, to 6,896.24.