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Title: Market Recap - Rivian's Slump, Ford's Price Cuts, Amazon's Milestone, and Morgan Stanley's Probe

Rivian Stock Takes a Hit as Shares Close at Record Low

Rivian Automotive Inc.'s (RIVN) stock experienced a significant decline on Thursday, closing at a record low, according to MarketScanner's news article. The electric vehicle (EV) manufacturer's shares dropped by approximately 9% on April 11, 2024, following reports that the company is facing production challenges and increasing competition in the EV market.

Ford's All-Electric F-150 Price Cuts: A Game Changer?

Ford Motor Company (F) announced plans to cut the prices of its all-electric F-150 Lightning pickup truck, as reported by MarketScanner. This move could put pressure on other automakers, particularly those in the EV market, as Ford aims to make its electric vehicle more competitive in terms of pricing. The price reduction is expected to take effect soon, and details regarding the extent of the price cuts have not been disclosed yet.

Amazon's Market Value Nears $2 Trillion Milestone

Amazon.com, Inc. (AMZN) saw its stock reach a fresh record close on April 11, 2024, as reported by MarketScanner. The e-commerce giant's shares edged closer to a $2 trillion market value, making it one of the most valuable companies in the world. Amazon's impressive growth can be attributed to its continued expansion into various industries, including cloud computing, advertising, and artificial intelligence, among others.

Morgan Stanley's Wealth Management Arm Under Investigation

MarketScanner reported that Morgan Stanley's (MS) wealth management arm is under investigation by multiple regulatory bodies, including the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). The probe focuses on potential conflicts of interest and sales practices within the wealth management division, according to unnamed sources familiar with the matter. Morgan Stanley has not yet commented on the investigation publicly.

These are just some of the top company news stories from April 11, 2024, as reported by MarketScanner. Stay tuned for more updates and insights on the business world.