Hennessy Capital surges 34% on merger – here’s what you need to know

Hennessy Capital merger

Hennessy Capital Acquisition Corp IV Class A (NASDAQ: HCAC) has recently gained a fresh vote of confidence from investors. The Special Purpose Acquisition Company (SPAC) has seen an impressive gain of 34% in the share price over the past month. On August 18th, the company announced it had reached a definitive agreement with Canoo, a high growth EV manufacturer to merge both companies.…

Australia pushes for a COVID-19 inquiry – what does this mean for the ASX?

The tensions between Australia and China are intensifying. The Australian government is pushing for an independent investigation into the origins of COVID-19. In retaliation, China accused Australia of parroting the United States in advocating an inquiry. The Chinese Ambassador, Cheng Jingye, warned Australia that Chinese consumers might  boycott Australian goods and services if they pursue the investigation.…