Cathie Wood’s ARK Invest Sells Over 110,000 Shares of PagerDuty

One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable sale on Thursday. Specifically, this fund sold over 110,000 shares of PagerDuty Inc. (NYSE: PD), as the price of this fund was down nearly 2% on the day. Note that this fund is up a fair amount in the past year.

ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 114,600 shares of PagerDuty. At Thursday’s closing price, this would have valued this sale at roughly $4.9 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 74% in the past year.

Check out all of ARK Invest’s sales for Thursday as well:

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and non-voting shareholder of 24/7 Wall St.

Pop Culture Group Slips 15% On Third Day Of Trading

Shares of Pop Culture Group Co., Ltd (CPOP) are currently slipping over 15% on the third day of its trading on Nasdaq.

The company had priced its initial public offering of 6.2 million shares at $6 each. It had opened trading at $12.26 on Wednesday, its first day of trading, and closed at $30.30. On Thursday, its second day of trading, the company closed trading at $59.90, up almost 1,000% compared to IPO price.

CPOP is currently trading at $50.89, down $9.01 or 15.04%, on the Nasdaq.

Pop Culture Group hosts entertainment events to corporate clients in China. The company hosts concerts and hip-hop related events, including stage plays, dance competitions, cultural and musical festivals, and promotional parties.

Inside Volvo-backed Polestar's plan to compete with Tesla in the U.S.

Polestar is an electrical vehicle start-up that broke onto the scene in 2017 with grand ambitions to take on Tesla and become a coveted EV brand. The company is backed by automaker Volvo and Chinese auto-giant Geely.

Polestar has been selling a limited-release performance hybrid and just recently brought its first fully electric car to market, the Polestar 2, to compete with the Tesla Model 3. It has also announced plans to start production of an electric SUV in the U.S. next year.

Watch the video for a look at Polestar's plans to become a major EV player.

Actors’ Equity Lifts Masking & Covid-19 Testing Mandates For Fully Vaccinated Theater Companies

Actors’ Equity says that fully vaccinated theater companies now can dispense with masking and Covid-19 testing mandates. The live-theater union’s newly updated protocols will remain in effect through the end of September.

“The health and safety of our members comes first,” said Equity president Kate Shindle. “We are heartened by the declining infection rates nationwide, because so many people have done their part and gotten vaccinated. As such, it will now be a smoother and less expensive process for employers to recall our members to work. We still need to be diligent about the virus, but we are very hopeful for the months ahead.”

A new rider to the union’s guidelines notes that “these protocols presume that all Equity members and everyone that interacts with the actors and stage managers have been fully vaccinated and the show will be presented at one location. Tours or productions that play multiple venues may not produce under this rider.”

The updated protocols are available on Equity’s website, along with an updated intake form for theaters with mixed-vaccination status companies. Equity has separate protocols it’s negotiated with the Broadway League for national tours, and says that talks for Broadway’s safety protocols are ongoing.

Film & TV Industry’s Return-To-Work Protocols Extended Indefinitely

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2021 MLB All-Star starters for National League versus American League at Coors Field

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Prince Harry & Meghan Markle’s Archewell Hires ‘Pivot’s Rebecca Sananes As Head Of Audio

Archewell Audio, the production company founded by Prince Harry and Meghan Markle, has hired Rebecca Sananes as head of audio.

Sananes was previously lead podcast producer of Pivot, New York Magazine and Vox Media’s show hosted by Kara Swisher and Scott Galloway.

She will report to Ben Browning, Head of Content for Archewell and will join the company in August.

Sananes will be tasked with overseeing The Duke and Duchess of Sussex’s podcast business, which has an exclusive partnership with Spotify. They dropped their first effort in December, a holiday special featuring the likes of James Corden, Elton John and Stacey Abrams.

Before joining Pivot, Sananes worked in public radio, where she worked on episodes such as Why Is Vermont So Overwhelmingly White and her work has also appeared on All Things Considered, Morning Edition, and The World.

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