Chinese Battery Giant Surges in Hong Kong Market Debut
Shares of the company, CATL, surged in their first day of trading. Onshore U.S. investors were blocked from buying its stock as a “decoupling” of finance continued. Source link
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Senate Advances Crypto Regulation Bill With Bipartisan Support
Democrats who had sided with the rest of their party last week to block the measure over concerns that President Trump could benefit dropped their objections. They argued that regulating the industry was urgent. Source link
G.M. Stops Exporting Cars to China
General Motors has halted exports of a small number of American-made vehicles to China as a result of tariffs imposed during President Trump’s trade battles with that country. The automaker confirmed on Monday that it had stopped sending Chevrolet Tahoe sport utility vehicles to China and will forgo plans to export other high-end models there….
India Arrests an Academic for Antiwar Posts on Instagram
The arrest of a political science professor shows Indian leaders’ sensitivity to the political fallout from the military flare-up. Source link
23andMe to Be Bought by Regeneron Pharmaceuticals, a Biotech Company, for $256 Million
Regeneron Pharmaceuticals said it would acquire 23andMe, which filed for bankruptcy in March and would continue to offer consumer DNA testing services. Source link
Trump Berates Walmart and Mattel for Warning About Tariff Price Increases
The president recently attacked Walmart, saying it should “eat” the costs rather than pass them on to customers. Source link
Spain Orders Airbnb to Take Down 66,000 Rental Listings
The government is widening a crackdown on tourist rentals as it seeks to alleviate a painful housing crunch. Source link
Trump Wants to Fulfill His ‘No Tax On Tips’ Promise. The Details Get Tricky.
The idea is politically popular, but the tax benefits may not go as far for low-income workers as many may think. Source link
SPAC Deals Are Back, This Time With a Trump Bump
President Trump’s associates and crypto entrepreneurs are rushing back to the market for the once-hot, but mostly troubled, investment vehicles called special purpose acquisition companies. Source link
Tariff Uncertainty Threatens to Drag Down Europe’s Economic Growth
Europe’s economy will grow more slowly than expected this year, dragged down by trade uncertainty from President Trump’s tariffs, despite increasingly stable prices on consumer goods and energy, European Union economists said on Monday. In its spring economic forecast, the European Commission, the trade bloc’s administrative arm, said it expected the gross domestic product of…