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AdvertisementX has added Twitch as a defendant in a suit accusing advertisers of colluding to withhold ad spend. Ad revenue on X has plummeted since Elon Musk acquired the platform in 2022. Elon Musk's X is suing Twitch, alleging that the Amazon-owned video streaming platform and other companies illegally conspired to boycott advertising on the platform formerly known as Twitter. Twitch, X, and the WFA didn't immediately respond to requests for comment made by Business Insider outside normal US business hours. Musk's own behavior on and off the platform — including famously telling advertisers who boycotted X to "go fuck yourself" — hasn't encouraged advertisers to place their budgets there, either.
Persons: Elon Musk, Elon Musk's, Twitch, Stephan Loerke, it's, Ørsted, Twitch —, X's, hasn't, Jim Jordan, Donald Trump's, Abraham Yousef, Yousef Organizations: Global Alliance of Responsible Media, Elon, Twitter, Federation, WFA, Business, Unilever, CVS Health, Twitch, Google, Committee, WPP, Diageo, Tower Locations: Texas, Ohio
CNN —An electric motorcycle, made by Swedish-Kenyan manufacturer Roam completed a 6,000-kilometer (3,700-mile) journey from Nairobi, Kenya, to Stellenbosch, South Africa, in 17 days, using only solar power. “(We wanted) to break a lot of boundaries on how traversing through sub-Saharan Africa is possible without pre-installed charging infrastructure,” Masa Kituyi, Roam product owner and one of the riders on the expedition, tells CNN. However, he insists that this mammoth journey would still be possible for people without a solar support car. Lewis SeymourAccelerating marketThe journey was a collaborative effort between Roam and Stellenbosch University, which launched an Electric Mobility Lab this month, dedicated to advancing sustainable transport solutions. Low operating costs are a key driver, analysts from Mordor told CNN in an email: “Electricity is generally cheaper than gasoline, and electric motorcycles have fewer mechanical parts.
Persons: Masa, Masa Kituyi, Lewis Seymour Kituyi, Stephan Lacock, , he’s, Lewis Seymour, Rwanda’s Ampersand, Spiro Organizations: CNN, Stellenbosch University, Electric Mobility, Intelligence Locations: Swedish, Kenyan, Nairobi, Kenya, Stellenbosch, South Africa, Africa, Tanzania, Malawi, Zambia, Botswana, Victoria Falls, Chobe, China, Rwanda, Benin, Togo, Uganda, Nigeria, EVs
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAptarGroup CEO: The consumer is still there, but our numbers reflect inventory adjustments post-COVIDStephan Tanda, AptarGroup president and CEO, joins 'The Exchange' to discuss the company's quarterly earnings results, how tariffs would impact AptarGroup, and the impact of the slowdown in the cosmetics business.
Persons: COVID Stephan Tanda
The student gunman in a small-town Iowa school shooting in January in which two people were killed and several others injured was known to have a fascination with school shooters and exhibited a number of unreported “warning signs,” the Iowa Public Safety Department said Friday. “There is significant evidence of this shooter’s fascination with prior school shootings” and there was also evidence of “copycat behavior” in his actions, Stephan Bayens, commissioner of the Iowa Public Safety Department, said in a news conference. The evidence bears that out.”“Those concerns, along with a number of other warning signs, were unreported or were otherwise unrecognized,” Bayens said. He said the shooter exhibited “broad behavioral issues” and mental health concerns that were present years before the shooting. The shooter was “suicidal coupled with a homicidal intention to take others with him in an effort to gain notoriety,” Bayens said.
Persons: Dylan Butler, Ahmir, Dan Marburger, Stephan Bayens, Bayens, , ” Bayens, , Marburger Organizations: Iowa, Iowa Public Safety Department, Perry High School, Meta Locations: Iowa,
Tomas Ouhel, second from the right, was the first of four friends to see the Indonesian island. Source: Segara Bumi IndahThey then built staff quarters, a beachfront communal space and four more guest bungalows, which together can fit 12 people. Source: Segara Bumi IndahThe island costs $999 per night for eight people. Source: Segara Bumi IndahThe final leg of the journey is an hour and a half boat ride to Pinang Island. Source: Segara Bumi IndahHe also said the island isn't for travelers looking for a high-end vacation.
Persons: Richard Kvech, Tomas Ouhel, Stephan Kotas, Martin Mrazek, Kvech, He's, it's Organizations: CNBC Travel, Garmin, Fifan Foundation Locations: Kvech, Czech Republic, Sumatra, Bangkaru, Indonesian, Pinang, Plenty, Singapore, Kuala Lumpur, Medan, North Sumatra, Singkil, Indonesia's Aceh, Nias
Read previewNASA's James Webb Space Telescope floored astronomers and spectators across the globe when it released its first full-color images. Even those preliminary snapshots revealed countless stars, galaxies, and fine details that hadn't been seen before. A side-by-side collage of the same area taken by Hubble and the James Webb Space Telescope in its very first image. In the JWST image, you can see galaxies in the background that were invisible to HubbleA few galaxies that are clearly visible in the JWST image, but not the Hubble image. The JWST image also revealed the stellar nurseries created as galaxies mergeThe JWST image shows a region of gas compressed between merging galaxies.
Persons: , James Webb, Webb, Joseph DePasquale, JWST, hadn't, Eric Smith, Hubble, STScI Webb, Mark McCaughrean, McCaughrean, Amber Straughn, Jane Rigby, we've Organizations: Service, Business, NASA, ESA, CSA, Hubble, James Webb Space, Hubble Heritage, European Space Agency Locations: JWST
NBC News’ Steve Kornacki announced that his mom, Anne B. (Ramonas) Kornacki, has died. (Ramonas) Kornacki, 1947-2024,” he simply wrote in an X post. The obituary described Anne B. Kornacki as a native of Waterbury, Connecticut, and a “devoted wife, mother, grandma and sister.”According to the obit, Anne B. Kornacki, died “unexpectedly” on Friday, Sept. 13 at Midcoast Hospital in Brunswick, Maine, surrounded by her family. The couple welcomed two children, Steve Kornacki and Katie Kornacki, and later opened a bed and breakfast.
Persons: Steve Kornacki, Anne B, , , I’m, Casey, “ Anne B, Kornacki, Stephan J, Katie Kornacki, Steve, Grandma, ” Anne Kornacki, Brian Duffy Organizations: NBC, Midcoast Hospital Locations: Waterbury , Connecticut, Brunswick , Maine, Brunswick
Read previewThe advertising trade group The World Federation of Advertisers told its members on Thursday that it was "discontinuing" activities for its Global Alliance for Responsible Media initiative following an antitrust lawsuit filed by Elon Musk's X against the company earlier this week. This story is available exclusively to Business Insider subscribers. AdvertisementRepresentatives for the WFA and GARM didn't immediately respond to requests for comment from Business Insider. The platform's lawsuit alleged that after Musk acquired Twitter in 2022, GARM persuaded top brands not to advertise on it. The Committee has been investigating whether GARM members illegally colluded to demonetize conservative platforms and voices.
Persons: , Elon Musk's, Stephan Loerke, Loerke, GARM, colluded, Ørsted, GARM didn't, Linda Yaccarino, wasn't, Musk, Jim Jordan, Russell Dye, Rumble, X didn't Organizations: Service, Federation, Global Alliance, Responsible Media, WFA, Business, Twitter, Unilever, Mars, CVS, WPP Locations: Texas, US, Ohio
Wall Street careers are notoriously grueling and littered with politicking and jockeying to climb the ranks. AdvertisementNow, these six partners are looking back on their own rise, offering words of wisdom from their own Wall Street origin stories. At Goldman Sachs, the core of who we are in investment banking is M&A. Gene Sykes, cochairman of global M&A and global TMT:Gene Sykes Courtesy of Goldman SachsThe market for M&A advice has evolved over time. Are you a Goldman Sachs or Wall Street insider?
Persons: Goldman Sachs, Alison Mass, Stephan Feldgoise, Dan Dees, Hank Paulson, Tim Ingrassia, Alison, Goldman, Peter Weinberg, Gene Sykes, It's, Mark Sorrell, John Thornton, John Waldron, Karen Cook, Yoel Zaoui, Gregg Lemkau, it's, Jennifer Kopylov, Reed Alexander Organizations: Service, Wall, Partners, Business, US Treasury, Street, Goldman Locations: New York City, London, New York, Europe, American
CNN —Reigning champion Italy was knocked out of Euro 2024 in the last 16 after Switzerland produced a stunning upset to win 2-0 on Saturday at the Olympiastadion in Berlin. Swiss supporters didn’t have to wait long after the break for a second goal – only 27 seconds to be exact. Italy’s continued sloppiness on the ball carried over into the second half, immediately giving the ball away from it’s own kickoff. While Switzerland deservedly advanced, it was an uncharacteristically out-of-sorts performance for Italy, who’s defense of its title ends in the first knockout game of the tournament. Italy’s defeat means that the reigning champion has been eliminated in the round of 16 at the last three Euros.
Persons: Remo Freuler, Ruben Vargas, Murat Yakin’s, Freuler, Gianluigi Donnarumma, didn’t, Italy’s, Vargas, Ronny Hartmann, Riccardo Calafiori –, Gianluca Mancini, Breel, Stephan El Shaarawy, Manuel Akanji, Vargas vies, Italy's Gianluca Mancini, Karina Hessland, Reuters Italy’s, Ricardo Rodriguez, Fabian Rieder, Luciano Spalletti’s, Fabian Schär invertedly, Yann Sommer, Matthias Schrader, Federico Chiesa, Mattia Zaccagni, Gianluca Scamacca’s, Nicolò Fagioli Organizations: CNN — Reigning, Italy, Switzerland deservedly, Getty, Swiss, Reuters, BBC, AP Locations: Switzerland, Berlin, Italy, Vargas, England, Slovakia, Swiss, AP Italy
AdvertisementDavid Solomon Goldman SachsPressure-cooker cultureWith signs suggesting mergers and acquisitions could soon return — including the megadeals Goldman specializes in — the firm's dealmakers are itching to end 2024 on a high note. In M&A, Goldman has fallen to No. AdvertisementMark Sorrell Goldman SachsGoldman is also seeking to become more interconnected across its business lines via the One Goldman Sachs program. "They figure that if they're talking to one person at Goldman Sachs, they're talking to everybody." The result, bankers said, is an M&A machine built to withstand threats like star dealmakers leaving for more-nimble rivals.
Persons: , Goldman Sachs, Bill Quinn, Goldman, Jacki Zehner, Rishi Bali, Hank Paulson, John Thornton, John Thain, David Solomon, Solomon, Dan Dees, What's, David Solomon Goldman Sachs, Gene Sykes, Alison, It's, LSEG, dealmaking, Goldman dealmakers, Momo Takahashi, We've, Mark Sorrell, Mark Sorrell Goldman Sachs Goldman, Sykes, they're, Sorrell, Dees, it's, Dan Dees Goldman Sachs, we're, John Waldron, Kim Posnett, that's, Timothy Ingrassia, Ingrassia, Stephan Feldgoise, I'm, Reed Alexander Organizations: Service, Business, Goldman, JPMorgan, playbook Bank, Wall Street, Competition, & $ Locations: Silicon Valley, London, New York City, Latin America
On March 18 1990 the museum fell prey to history’s biggest art heist. Here are five things that make the Isabella Stewart Gardner Museum, and its famous theft, so interesting. Sean Dungan/Courtesy Isabella Stewart Gardner Museum, BostonWhy commit history’s greatest art heist and leave without the priciest piece in the museum? John Wilcox/Boston Herald/Getty ImagesWhy would “Corsican mobsters,” as CNN correspondent Randi Kaye described them in the programme, be interested in robbing a Boston art museum? “That’s how these things get stolen.”How It Really Happened’s “Gardner Art Heist: Stealing Beauty” premieres on CNN Sunday 19 May, at 9pm ET/PT.
Persons: , Andy Warhol’s, Frida Kahlo’s, Isabella Stewart Gardner, Vermeer, Rick Abath, Gardner, ” Stephan Kurkjian, ” Gardner, Julia Ward Howe, Ethel Smyth, Emmeline Pankhurst, Smyth, John Singer Sargent, Gardener, Mona Lisa, Titian, theives, Sean Dungan, Napoleon, Rembrandt, Bob Wittman, John Wilcox, Randi Kaye, ” Kaye, ” Kelly Horan, Myles Connor, , theif Myles Connor, George Rizer, Connor, Al Dotoli, Frank Sinatra, Liza Minelli, Dotoli, Dionne Warwick —, ” Horan, , Ryan McBride, ” Wittman, “ Gardner Organizations: CNN, The Museum, Modern Art, Salvador, Isabella Stewart Gardner Museum, 9P, Boston, Boston Symphony Orchestra, Red Sox, Boston Globe, Storm, FBI, Museum of Modern, Art, Boston Herald, Boston’s Museum of Fine Arts, Getty Locations: New York, Boston, America, Red, Europa, London, Galilee, Corsica, Nice, Corsican, Maine
‘Babes’ Review: Adulting, With Babies
  + stars: | 2024-05-16 | by ( Alissa Wilkinson | ) www.nytimes.com   time to read: +1 min
Alas: That’s what happened with “Babes.” The elements that promised joy were all there, starting with two very funny comic talents in Ilana Glazer and Michelle Buteau. There’s a screenplay by Glazer and Josh Rabinowitz, who was a producer on “Broad City,” the kooky, beloved show in which Glazer co-starred. But sometimes a pile of good ingredients doesn’t make something delicious, and I guess that’s what happened here. The marketing for “Babes” suggests something akin to “Bridesmaids,” the runaway 2011 hit that reminded Hollywood that raunchy comedies starring women can be hilarious and profitable. Dawn and Marty’s second baby is born on Thanksgiving Day, and on the way home from the hospital Eden meets Claude (Stephan James) on the subway.
Persons: “ Babes, Ilana Glazer, Michelle Buteau, There’s, Glazer, Josh Rabinowitz, it’s, Pamela Adlon, , Babes, , Bridesmaids ”, they’re, Dawn, Marty, Hasan Minhaj, Eden, Claude, Stephan James Organizations: , Hollywood Locations: “ Broad City, Astoria, Eden
This is the opening scene from “The Adventures of Priscilla, Queen of the Desert”, which first screened at Cannes Film Festival 30 years ago this month. In the film, Tick (Hugo Weaving) and Bernadette (Terence Stamp) help Adam (Guy Pearce) realize his dream of climbing King Canyon in full drag. “I think that’s definitely one of the most iconic looks,” drag artist and costumer Philmah Bocks told CNN. Bocks has been designing costumes for 30 years, having broken into the drag scene around the same time “Priscilla” was hitting screens. The film’s legacy can also be seen in Australia’s drag scene today and, since 2021, has been broadcast to new audiences via contestants on “Rupaul’s Drag Race Down Under”.
Persons: CNN —, Belrose, Hugo Weaving, Mitzi Del, Priscilla , Queen, , Tim Chappel, I’d, Elliott, Bernadette Bassenger, Terence Stamp, Adam Whitley, Felicia Jollygoodfellow, Guy Pearce, Priscilla, Queen, Bernadette, Adam, Chappel, ” Chappel, Susan Barber, Priscilla ”, Lizzy Gardiner, Oscar, Mitzi Del Bra, , Gloria Gaynor’s “, costumer Philmah Bocks, Bocks, Tim Chappel's, Priscilla ’, they’ve, couldn’t, I’ve, “ Priscilla ”, she’s, London’s, Katy Perry, they’re, Katy Perry’s, ” Bocks, Felicia Jollygoodfellow's, ” Stephan Elliott Organizations: CNN, Cannes Film, Miss Teen USA, Sydney, Cannes, Chappel, First Nations, Royce Locations: CNN — Sydney, Silicon, Sydney, Australia, Tasmania
So this factory expansion isn’t about making more cars, but making more expensive cars, which takes more time and requires more space for workshops and storage of exotic materials. The Rolls-Royce Phantom Syntopia's has glass flecks to create sparkling designs. Before that, Rolls-Royce cars were built alongside Bentleys — Rolls-Royce had acquired Bentley in 1931 — at a factory in Crewe, UK. The Phantom Syntopia likely would have cost more than $3 million according to sources, although Rolls-Royce would not confirm an exact price. The Phantom Syntopia has a special Weaving Water design in its Starlight Headliner.
Persons: Royce, “ We’re, , Martin Fritsches, “ That’s, Bentleys —, Bentley, Stephan Winkelmann, Javier Gonzalez Lastra, Fritsches, Cullinan Organizations: CNN, BMW, Royce, Bentley, Volkswagen, Lamborghini, Ferrari, ” Lamborghini, Tema Locations: Chichester , England, Crewe, cabinetry
1 mastered the elements once more at a stormy RBC Heritage to reel in his fourth win in his last five starts. “I didn’t show up here just to have some sort of ceremony and have people tell me congratulations,” Scheffler told reporters Monday. Only two players had ever previously won or finished runner-up in five consecutive PGA Tour starts; Vijay Singh in 2004, and Woods on three separate occasions between 1999 and 2008. 1 prepares to chase a historic sixth this week, Scheffler is throwing in the towel – but not before one last jab. The Tour moves on to Los Angeles on Thursday for the Zurich Classic of New Orleans at TPC Louisiana.
Persons: Scottie Scheffler, Scheffler, Sahith Theegala, Woods, Bernhard Langer, ” Scheffler, , Jared C, Tilton, , Meredith, Scott, Diane, I’m, , it’s, ’ I’ll, “ They’re, they’ll, Andrew Redington, Scheffler hasn’t, Germany’s Stephan Jaeger, Rory McIlroy, Vijay Singh, Aaron Doster, Nelly Korda, Nelly, she’s, Byron Nelson Organizations: CNN, RBC, Harbor, Augusta National, Getty, Texas Children’s Houston, USA, Sports, Chevron, PGA, Zurich, TPC Louisiana Locations: South Carolina, Harbor Town, Los Angeles, New Orleans
What’s most provocative about “Brandy Hellville & the Cult of Fast Fashion” (streaming on Max), and about the horror show it contends is behind the immensely popular cheap-clothing retailer Brandy Melville, isn’t necessarily its content. Other documentaries have tread similar ground with similar methods — the Netflix documentary “White Hot: The Rise & Fall of Abercrombie & Fitch,” for instance — which is to say that everything in “Brandy Hellville” has been reported before. Documentary participants allege that the company and its leaders, especially co-founder and owner Stephan Marsan, engaged in a host of terrible behaviors ranging from fat-shaming and exploitative practices to really awful racism and sexism. You can read about it all, of course; what the documentary provides is a host of eyewitnesses, including girls who worked in the store as teenagers and men who worked closely with the company to open new stores. Experts and activists also attest to the threat that fast fashion (that is, inexpensive, essentially disposable clothing sold at retailers like Zara, H&M, Shein and Forever 21) poses to global economies and the environment.
Persons: Brandy Hellville, Brandy Melville, isn’t, Abercrombie &, , Brandy Hellville ”, Stephan Marsan, Abercrombie Organizations: Netflix, Abercrombie, Abercrombie & Fitch Locations: Zara
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWall Street has been hopeful that M&A activity will return this year as rates fall. On Friday, the bank reported $41.9 billion in revenue for the quarter, up 9% year-over-year — a figure that surpassed analysts' expectations. The retreat from dealmaking produced a nine-year low in terms of the number of individual M&A transactions in the quarter, LSEG reported. Dimon's warningsThe comments from JPMorgan's top brass come as Dimon issues warnings about the prospect of a gloomier economic environment.
Persons: , Jamie Dimon, Jeremy Barnum, Barnum, Biden, that's, Goldman Sachs, Stephan Feldgoise, LSEG, EY, Dimon, Reed Alexander Organizations: Service, JPMorgan, Business, London Stock Exchange Group Locations: megamergers, dealmaking, Asia, Pacific
Introduced predators kill about 25 million native birds in New Zealand annually, with about 4,000 native species threatened or at risk of extinction, according to the DOC. Under the program, the government plans to eradicate rats, possums (a marsupial native to the Americas), weasels, ferrets — and the pesky stoat. Chalky Island and the neighboring Passage Islands have been predator-free since 1999 following the first ever stoat eradication campaign, according to the DOC. And for Fleming, the recent stoat incursion only underscores the importance of the Predator Free 2050 plan. “If we eradicate stoats from Aotearoa (New Zealand) completely we remove the costs of incursions, and our wildlife can thrive alongside us,” he said.
Persons: Rebecca Teele, , Aaron Fleming, Liu Yang, RNZ, , pesky, Carolyn M, King, hitlist, Stephan Morris, stoats, stoats ”, Fleming Organizations: CNN, country’s Department of Conservation, New, Zealand, New Zealand Taxpayers ’ Union, Southern, New Zealand, University of Waikato Locations: New Zealand, Fiordland, Eurasia, North America, , New, Americas, Aotearoa
New York CNN —Dealmaking is big business on Wall Street. That made Goldman responsible for nearly a third of the total global M&A advisory market last year. But there are fits and starts to today’s market. What do the fits and starts mean? I go back to fits and starts with good underlying trends that momentum builds, but it’s not going to be a straight line.
Persons: New York CNN —, Goldman Sachs, Goldman, Stephan Feldgoise, we’re, we’ve, it’s, Jamie Dimon, , Dimon, JPMorgan Chase Organizations: CNN Business, Bell, New York CNN, Retail, JPMorgan Chase, International Monetary Fund, Industries, Nvidia, Microsoft, JPMorgan, Software, New Locations: New York, Oregon, Michigan, Arizona , Delaware, Florida , Iowa , Massachusetts, Wyoming
That’s at least what scientists expect to take place in swaths of Mexico, Canada and the United States during April 8’s total solar eclipse. They discovered that cumulus clouds dissipate during eclipses because of the relationship between solar radiation and the formation processes of the clouds. Shallow cumulus clouds, in particular, serve a critical function. But what exactly shallow cumulus clouds’ role is when it comes to the rapidly warming climate remains a long-standing subject of uncertainty in the scientific community. De Roode hopes those across North America gearing up for the next solar eclipse remember to keep an eye out for any vanishing low-lying cumulus clouds.
Persons: CNN —, , Victor Trees, Jake Gristey, Gristey, , Kevin Knupp, Knupp, Stephan de Roode, de Roode, ” de Roode, ’ Gristey, De Roode, Ayurella, Muller Organizations: CNN, Environment, geoscience, Delft University of Technology, cumulus, Cooperative Institute for Research, Environmental Sciences, University of Colorado Boulder, University of Alabama, Climate Locations: Mexico, Canada, United States, Netherlands, Africa, Huntsville, North America, Axios
CNN —Colorful paintings of daily life in ancient Egypt have been discovered in a tomb dating back more than 4,300 years. The tomb, known as a mastaba, was found in the pyramid necropolis of Dahshur, about 25 miles south of Cairo, during a recent Egyptian-German archaeological mission. The main attractions there are two large pyramids of King Sneferu: the so-called Bent Pyramid and the Red Pyramid. The daily life of the ancient Egyptians and their animals can be seen in the paintings. It added: “Cleaning and documentation work will be carried out on the tomb and its inscriptions during the coming period.”
Persons: King Sneferu, Idut, DAIK Stephan Seidlmayer, , , Hathor, King Amenemhat III Organizations: CNN, Archaeological Institute, Egyptian Ministry of Tourism and, Egyptian Ministry of Tourism, Antiquities Locations: Egypt, Dahshur, Cairo, Old Kingdom, Memphis, Berlin, Kingdom, Sycamore, , Archaeological Institute Cairo, Old, Middle Kingdom
Watch: The Solo of ‘Solitude’
  + stars: | 2024-03-25 | by ( Gia Kourlas | Stephan Alessi | ) www.nytimes.com   time to read: 1 min
Watch: The Solo of ‘Solitude’Click through as Joseph Gordon performs a section from Alexei Ratmansky’s new dance for New York City Ballet, a reaction to the horrors of the war in Ukraine.
Persons: Joseph Gordon, Alexei Ratmansky’s Organizations: New York City Ballet Locations: Ukraine
Deutsche Bank staff have criticized the company's new return-to-office policies. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "There's enormous resistance among staff," Stephan Szukalski, the head of the labor union DBV, which represents Deutsche Bank staff, told Bloomberg via email. Szukalski, who is also part of the bank's supervisory board, said there isn't enough office space and that staff are already complaining about bottlenecks. The spokesperson told BI: "The bank remains committed to our hybrid working model, which has been received extremely positively by staff.
Persons: , Christian, Rebecca Short, Stephan Szukalski, Szukalski, EY, Dan Schawbel, Nicholas Bloom Organizations: Deutsche Bank, Staff, Service, Bloomberg, Business, DBV, Google, General Motors, SAP, Stanford Locations: Germany
CNN —BYD is a Chinese carmaker that recently unseated Tesla as the world’s leading seller of electric vehicles. Its new all-electric Yangwang U9 has nearly 1,300 horspower and is designed to compete directly with Lamborghini and Ferrari. As an electric supercar, the Yangwang U9 combines power and performance similar to a 1,800-horsepower, $2 million Rimac Nevera, but in a package costing less than gasoline-powered cars from the famous Italian automakers. Tesla chief executive Elon Musk has said that Chinese EV makers like BYD could “demolish” other automakers as the industry transitions to electric vehicles. ]”A rear view of the BYD Yangwang U9 electric car in Shenzhen, China, earlier this year.
Persons: Tesla, BYD, Elon Musk, ” Carlos Tavares, Stellantis, Qilai Shen, Stephan Winkelmann, CNN’s Shawn Feng Organizations: CNN, Lamborghini, Ferrari, Dolphin, Elon, Jeep, Fiat, Bloomberg, Getty Locations: Chinese, Europe, New York, Shenzhen, China
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