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Stock impact report

Why Grab Stock Is Rallying Today [Yahoo! Finance]

Grab Holdings Limited (GRAB) 
Company Research Source: Yahoo! Finance
If certain milestones are met, Grab could add another $350 million. Vay's use of human operators to remotely control their cars could help Grab's ambitions with autonomous vehicle training. 10 stocks we like better than Grab › Shares of leading delivery, mobility, and financial services app in Southeast Asia, Grab Holdings (NASDAQ: GRAB) , rose 7% today as of 1 p.m. ET Monday, according to data provided by S&P Global Market Intelligence This rising share price stems from excitement surrounding Grab's initial investment of $60 million in German start-up Vay, which offers affordable, remote-controlled rental cars. In addition to this investment, Grab will be able to buy an additional $350 million worth of the company if additional joint milestones are met. Image source: Getty Images. What does this mean for Grab? Currently, Vay operates only in Las Vegas -- a market Grab has no business exposure to yet. However, Vay's technology and processes fit in nicely with Grab's m Show less Read more
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