US Stock Market Move | Faraday Future Intelligent Electric, Inc. (FFAI.US) falls more than 8% and announces investment in Qualigen Therapeutics (QLGN.US) to support its entry into the crypto and Web3 fields.
"Faraday Future's stock price is falling, while Qualigen Therapeutics' stock price has surged by over 95%."
On Monday, Faraday Future Intelligent Electric, Inc. (FFAI.US) stock price fell, as of press time, the stock dropped by over 8%, to $1.625. In terms of news, the company announced an investment of $41 million in Qualigen Therapeutics (QLGN.US) to support its entry into the crypto and Web3 fields. Qualigen Therapeutics' stock price skyrocketed by over 95%, to $5.55. This investment will give Faraday Future Intelligent Electric, Inc. a significant stake in Qualigen and plans to appoint a management team to lead the new business activities.
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