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Lucid stock tumbles following public offering to raise $1.67 billion

Lucid intends to use the proceeds "for general corporate purposes, which may include, among other things, capital expenditures and working capital."
Business - CNBC - October 17
Entain Raises Full-Year Guidance After Results Exceed Expectations

Ladbrokes owner Entain raised its full-year guidance and reported third-quarter results that exceeded its own expectations, helped by growth in the U.S.
Business - The Wall Street Journal - October 17

Lucid stock tumbles following public offering to raise $1.67 billion