News Snapshot:
STR/AFP via Getty Images Nio slid as much as 6.8% on Wednesday after it announced plans to sell up to $2 billion in US-based shares. The sale would be the biggest US offering by a Chinese company since Didi 's June IPO. Nio's fundraising push comes as the auto industry continues to feel the squeeze of the global chip shortage . Electric-vehicle maker Nio slid as much as 6.8% on Wednesday after it announced plans to sell up to $2 billion in US-based shares, the biggest such offering since Didi's IPO. NYSE-listed shares in Nio fell as low as $37.81...
