Nikola Founder Trevor Milton Sentenced to Four Years in Prison

P.M. Edition for Dec. 18. Trevor Milton, who was convicted on several fraud charges last year, has been sentenced to four years in prison for defrauding investors in Nikola, the electric-truck company he founded. Corinne Ramey has the details. And markets reporter Hardika Singh explains why just a handful of tech stocks—the so-called Magnificent Seven—are dominating the market. Plus, Elon Musk’s X faces the first formal investigation under the European Union’s new online-content law. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices