The company, disclosures show, also sought professional influence.
The pair have obtained over $59 million in PPP funds for Ashford Hospitality Trust and Braemar Hotels & Resorts, holding companies used to own and manage a range of hotels, including the Ritz-Carlton in St. Thomas. Factset: FactSet Research Systems Inc.2018. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. The company currently employs Scott Pruitt, Trump’s former EPA administrator, as a lobbyist, the Washington Post reported. Brokerage J.P.Morgan noted that Milton's resignation could weigh on some of the partner and customer relationships that he had forged, but said Girsky is better suited to the role as Nikola moves on to its next phase. The St. George Police Department did not immediately return CNN Business' request for comment.

"While founder Trevor Milton's departure may give the appearance of a company that's moving on, we believe this is only the beginning of Nikola's unraveling," Hindenburg said in its own statement on Monday, asking GM to reevaluate its deal. Continental Materials Corp., a construction equipment product company, received $5.4 million in PPP loans. In a scathing report published just after the GM tie-up two weeks ago, short-seller Hindenburg Research said it had enough evidence to show Nikola and Milton made false claims about the company's proprietary technology to form partnerships with large automakers. The Intercept has previously reported on Phunware’s aspirations to develop location tracking for the coronavirus pandemic. Shares of electric-truck maker Nikola Corp. tumbled as much as 30% on Monday after founder Trevor Milton stepped down following claims of nepotism and fraud by a Wall Street short-seller that have drawn interest from U.S. regulators. Streebin’s company obtained “a few million dollars in a PPP loan,” according to an account in the Wall Street Journal. Major donors to President Donald Trump’s presidential reelection campaign have won coveted loans from the Paycheck Protection Program, the new government effort to provide a lifeline to small businesses under duress because of the coronavirus pandemic. Nikola shareholder and Italian vehicle equipment maker CNH Industrial declined to comment, while Germany's Robert Bosch, a supplier and investor, said it intended to continue working with the company. © 2020 Thomson/Reuters. Sergeant Melody Cutler with the Department confirmed to CNN Business that it received a complaint regarding a sexual assault incident in September 1999 against Milton, when he would have been 17, on Saturday. The Intercept is a First Look Media Company. The company named Stephen Girsky, former vice chairman of General Motors Co and a member of Nikola's board, to take over as chairman, as it strives to regain investors' confidence. The firm is owned by the family of Ronald Gidwitz, who has donated $50,000 to Trump and over $109,000 to the Republican National Committee in recent years. Nikola referred requests for comment to Milton. In Democratic-leaning states hard hit by the crisis, such as California and New York, the rates are 15 and 18 percent respectively. DAVID McHUGH

Links will not be permitted. Nikola, a competitor for Elon Musk's Tesla in the trucks space, said last week it was discussing the claims with the U.S. Securities and Exchange Commission (SEC). Many large banks reportedly gave preference to wealthy customers. Google Cloud will be used in conjunction with Anduril Industries’ surveillance tech on the U.S.-Mexico border.

The women allege they were sexually assaulted by Milton in 1999 and 2004 when both women were 15, respectively. Nikola founder steps down as executive chairman, Here's what you need to know about the iPhone 12, US sues Google in landmark antitrust case, How this former QAnon believer escaped the virtual cult. "Mr. Milton strongly denies these false allegations," said Brandon Messina, a spokesperson for Trevor Milton, in a statement to CNN Business. Hallador Energy, an Indiana-based coal company, obtained $10 million in PPP funding. Brokerage RBC slashed its price target on Nikola by $28 to $21 after the news. Stock market investors, who have been selling the company's shares for a week, were not convinced, driving the stock down by as much as a third in early deals before it found some support.
Guthrie to Trump: You're the President, you're not some crazy uncle! Given the dozens of lobbying firms that have recently registered clients seeking SBA relief, it’s unclear whether the next tranche of funding will last much longer than the first. "Our transaction with Nikola has not closed.

"At no point in his life has Mr. Milton ever engaged in any inappropriate physical contact with anyone," Messina added. Voting rights groups warn that mixed messages around a witness requirement and a new bar on ballot curing could lead to disenfranchisement. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Large PPP loans approved for major, publicly traded companies with access to other forms of credit have received negative attention in recent days.