News

Rivian will deliver the first R2 SUVs on June 9

Published

3 months ago

May 27, 2026

Preport

Rivian has finally revealed that the first customers of the company’s new R2 SUV will get their vehicles on June 9.

The automaker has spent the last few months ramping up its efforts to release the R2, which is more affordable and aimed at a larger market than its current R1 lineup. The new SUV will initially be available in a trim that starts just under $60,000, though Rivian has announced plans to release a “standard” version that starts at $48,490 in 2027.

The company has teased an even more affordable version “starting around $45,000” late next year — a price tag Rivian has promoted since the R2 reveal in 2024.

Rivian has high expectations for the R2. Founder and CEO RJ Scaringe has said it is “maybe the most important thing we’ve launched to date.” The company is betting on an extremely fast ramp-up, with as many as 25,000 vehicles delivered by the end of this year. Ultimately, Rivian hopes the R2 and its hatchback sibling, the R3, will help the company turn a profit for the first time since its founding in 2009.

Business

Sovereign Trust, Guinea Insurance, 5 Others Join Verified List in Final Recapitalization Clearance

Published

23 minutes ago

August 14, 2026

Preport

BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc and Guinea Insurance Plc are among seven additional underwriting firms officially cleared and verified by the National Insurance Commission (NAICOM) as compliant with the Minimum Capital Requirements stipulated under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

This final batch of approvals formally completes the nation’s insurance recapitalization exercise, bringing the total roster of fully capitalized operators in Nigeria to 48 insurance companies and two reinsurance companies.

See details below:

List of Additional Insurance Companies that Complied with the MCR Prescribed by NIIRA 2025

The post Sovereign Trust, Guinea Insurance, 5 Others Join Verified List in Final Recapitalization Clearance appeared first on Business Today NG.

News

Investors sue Selena Gomez alleging fraud tied to her mental health startup

Published

28 minutes ago

August 14, 2026

Preport

Singer and actress Selena Gomez and her mother are being sued over their mental health startup, Wondermind. The plaintiffs in the lawsuit say they invested nearly $1.2 million in the startup, and are accusing Gomez of securities fraud and breach of contract.

They allege that the startup failed to deliver on its commitments without informing investors, and Gomez failed to market the startup after promising to do so. The news was first reported by Forbes.

Wondermind launched in 2021 and aimed to offer daily mental health resources to users. The lawsuit alleges that investors were unaware of the company’s troubles until a September 2025 story from The Cut uncovered them.

“Gomez purported to sign a contract obligating her to perform and then ignored it,” the complaint reads. “The partnerships did not exist. The initiatives never materialized. The app was never built. And for three years, while the Company quietly collapsed around them, not one of its founders, officers, or directors said a word to the investors whose money was funding the collapse.”

The investors allege that Gomez and Wondermind misrepresented the company’s finances and overstated the extent of Gomez’s involvement. The plaintiffs are seeking to recover their investments and legal fees.

Wondermind did not respond to our request for comment.