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Electric vehicle startup Rivian lost about $2 billion since the start of last year, according to its IPO filing with the U.S. Securities and Exchange Commission.

Rivian is seen as among the leading electric vehicle startups that can rival Tesla, which sells the most electric vehicles in the U.S. by far. The company plans to trade its shares on the Nasdaq under the symbol RIVN.

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The U.S. Securities and Exchange Commission has launched an investigation into video game publishing giant Activision Blizzard, which is engulfed in allegations that company executives ignored reports of sexual misconduct and discrimination against women employees.

The Santa Monica-based company on Monday confirmed the probe and said it was cooperating with the federal agency.

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Hedge-fund billionaire investor Bill Ackman withdrew his plan to acquire a stake in Universal Music Group via his SPAC, expressing doubts the SEC would approve the deal.

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