Daily Management Review
Business & Finance

Mercedes-Benz CEO urges the EU to cut import duties on electric cars from China

Ola Kallenius, CEO of the Mercedes-Benz Group, has urged the European Union to reduce import taxes on Chinese electric vehicles rather than attempting to shield European producers. “Don't bring up the duties. I believe that we should take the opposite stance and reduce the tariffs that are already...

Novo Market Value Exceeds Tesla Based On Results From Experimental Drugs For Obesity

Thursday saw Novo Nordisk overtake Tesla Inc. in terms of market valuation following the release of encouraging early trial results for a much awaited new obesity medication by the manufacturer of the well-known weight-loss medication Wegovy.   Novo Nordisk's shares experienced a significant...

Tesla to offer insurance subsidies to electric car buyers in China

US electric vehicle manufacturer Tesla Inc. is boosting demand in the fiercely competitive sector by offering new incentives to Chinese consumers. The business announced the new regulations on the social media platform Weibo, affecting Model 3 and Model Y vehicles. In particular, Tesla is...

India's Tata ponders microchips production

The Indian giant Tata Group may soon declare that work on building its first facility to produce semiconductors begins. Natarajan Chandrasekaran, the chairman of the board of directors of the conglomerate's parent company, made this announcement at a meeting of the company’s board. The Economic...

Carl Icahn's investment fund unexpectedly ends Q4 with a loss

The investment vehicle owned by billionaire Carl Icahn, Icahn Enterprises LP, surprised analysts by reporting a net loss for the fourth quarter of 2023. In contrast to $255 million, or 74 cents per unit, a year earlier, the corporation reported a net loss of $139 million, or 33 cents each...

Tesla to start delivering Roadster sports car in 2025

Tesla CEO Elon Musk said on social media platform X that the company will begin shipping its Roadster electric sports car in 2025. "Today we have fundamentally changed the design goals for the new Tesla Roadster," Musk stated. "If this vehicle qualifies as an automobile at all, it will have no...

CEO Of Google Deems Certain Results "Unacceptable" And Is Striving To Repair Gemini AI

In a memo to staff on Tuesday, Google CEO Sundar Pichai stated that the company is trying to address issues with its Gemini AI tool. He claimed that certain text and image replies produced by the model were "biassed" and "wholly unacceptable."     The corporation had stopped using its...

Beyond Meat Surges As Cost-Cutting Measures And Pricing Increases Compress Heavily Shorted Shares

In premarket trading on Wednesday, shares of Beyond Meat shot up 56% as the company, which makes plant-based meat, gambled on price increases and drastic cost reductions to boost its battered margins and put pressure on its heavily shorted shares.   The data and analytics company Ortex...

Chip Companies From Taiwan Are Moving To Japan As China's Decoupling Quickens

As more and more Taiwanese chip businesses develop here, not only to support a new TSMC facility but also because they are thrilled about the Japanese sector's prospects, Japan's efforts to restore its semiconductor industry are receiving a boost.   The surge coincides with the global chip...

S&P Global may buy analytics platform Visible Alpha for $500M

According to the Financial Times, which cites unnamed sources, the US-based S&P Global Inc. is close to paying more than $500 million to acquire the analytics platform Visible Alpha from a group of investment banks that includes Goldman Sachs Group Inc., Jefferies Financial Group, and UBS Group....
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