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☆ Tesla’s secret team to suppress thousands of driving range complaints
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +21 min

He expected to get something close to the electric sport sedan’s advertised driving range: 353 miles on a fully charged battery. Driving range is among the most important factors in consumer decisions on which electric car to buy, or whether to buy one at all. Electric cars can lose driving range for a lot of the same reasons as gasoline cars — but to a greater degree. The EPA said all the changes to Tesla’s range estimates were made before the company used the figures on window stickers. Independent automotive testers commonly examine the EPA-approved fuel-efficiency or driving range claims against their own experience in structured tests or real-world driving.

Persons: Alexandre Ponsin, ”, Tesla, Elon Musk, “ Elon, Scott Case, Case, Gregory Pannone, Pannone, “ They've, carmaker, Ford, I’m, ” Pannone, ” Jonathan Elfalan, Edmunds, Elfalan, ” Elfalan, Santa Clara –, Ponsin, ” Ponsin, “, Steve Stecklow, Norihiko, Heekyong Yang, Peter Henderson, Eve Watling, Lucy Ha, Ilan Rubens, Brian Thevenot Organizations: Reuters, Tesla, South, Environmental Protection Agency, EPA, Ford, Chevrolet, Hyundai Kona, National Science Foundation, SAE International, U.S, Porsche, Benz, EV, Independent, General Motors, Hyundai, Korea Fair Trade Commission, Virtual Service, Santa, San Francisco Art Locations: AUSTIN, Texas, Colorado, California, Las Vegas, Austin , Texas, Nevada, U.S, Seattle, Vegas, Henderson, Utah, Santa Clara, London, Austin, Seoul, San Francisco

WELLINGTON, July 27 (Reuters) - U.S. Secretary of State Antony Blinken said on Thursday the door was open for New Zealand to engage with the AUKUS weapons development and procurement project between the United States, Britain and Australia. The multi-stage AUKUS project announced in March is planned to culminate in the late 2030s and early 2040s with British and Australian production and operation of a new submarine class - SSN-AUKUS - and include "cutting edge" U.S. technologies. "The door's very much open for New Zealand and other partners to engage as they see appropriate going forward," Blinken told a news conference in Wellington. And so as we further develop AUKUS, as I said, the door is open to engagement." Blinken is New Zealand for just over a day as part of a three-country visit to the Pacific.

Persons: Antony Blinken, Blinken, Chris Hipkins, Nanaia Mahuta, “, Mahuta, Renju Jose, Alasdair Pal, Stephen Coates Organizations: WELLINGTON, British, New, New Zealand, Thomson Locations: Zealand, United States, Britain, Australia, New Zealand, Wellington, Pacific, Solomon Islands, Solomon, Sydney

☆ I'm a solo female traveler from Europe. Here's why I chose to go to Vietnam
▼ + stars: | 2023-07-27 | by ( Lucy Handley | Lisa Lucas | ) www.cnbc.com time to read: +8 min

Ho Chi Minh City highlightsI'd been warned about congestion in Ho Chi Minh City, which has a population of around 9 million. Tips for traveling in Vietnam Vietnam varies from hot and dry to cold and rainy, depending on the time of year. The Saigon Opera House in Ho Chi Minh City is an example of French architecture in the city. Although I only stayed a short time, I fell in love with Ho Chi Minh City's grand architecture, history and general buzz. The Mekong DeltaSouthwest of Ho Chi Minh City lies the Mekong Delta, a region of rice paddies, rivers and floating markets.

Persons: Ho, I'd, Ho Chi Minh, Ben Nghe, Mongkol, Rex, Eugene Ferret, It's, Bob Henry, Ucg, Thanh, Virgin Mary, Phan Thi Kim Phuc, Lucy Handley Thanh, Antonin Emery, Marius Mallein, Jolie, Minh, Cai, Andrew Woodley, Mark Barnett, expat Organizations: Ho Chi Minh City, Vietnam's National Authority of Tourism, Sapa, Chi Minh City People's, Rex, Saigon Opera House, Saigon Opera, Getty, Central Post Office, Notre Dame Cathedral, Vietnam Locations: Vietnam, Ho Chi Minh City, Mekong Delta, Phu, Gulf, Thailand, Ho Chi Minh, Vietnam Vietnam, Hanoi, Hoi, Nguyen Hue, Ben, Chi Minh City, Ville, France, Saigon, French, Saigon Saigon, Mekong, Delta, homestays, My, Tho, Con Quy, Can, Phnom Penh, Cambodia, U.S, cassia, mealtimes

Microsoft is set to shed about $100 billion from its market capitalization if the loses hold until close of trading. "The tech earnings season has started on a mixed note," said Mark Haefele, global wealth management chief investment officer at UBS in a client note. "The tone set by quarterly results over the next week will be crucial to the performance of tech stocks through the rest of the third quarter." Large tech companies, which rely heavily on borrowed money, have been pressured since the Fed started its tightening cycle to tame inflation. However, optimism over AI and hopes that the Fed is nearing the end of its rate hiking cycle have supported tech stocks in recent months.

Persons: Lucy Nicholson, Paul Nolte, Murphy, Sylvest, Mark Haefele, Wall, Stuart Cole, Bernstein, Mark Shmulik, Meta, enviously, Shmulik, Shreyashi Sanyal, Amruta, Lucy Raitano, Johann M Cherian, Amanda Cooper, Saumyadeb Organizations: Los Angeles , California U.S, REUTERS, Microsoft, Google, UBS, Apple Inc, Amazon.com Inc, Fed, Equiti, Federal Trade Commission, Amazon, Inc, Facebook, Thomson Locations: Los Angeles , California, U.S, HK, Bengaluru, London

☆ Goldman: The market is missing these 'highly compelling' global stocks — and 2 are on its conviction list
▼ + stars: | 2023-07-26 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

Goldman Sachs has named a number of European renewable energy stocks it says the market is missing — and says it expects the sector to bounce back after a period of declining returns. The growth in renewable energy is "highly compelling," the bank said, owing to the European energy crisis, a decline in costs for wind and solar energy, and the European Union's focus on mitigating climate change. "RWE is among the best-placed [renewable energy storage] developers to capture the expanding addressable market in the US, Germany and the rest of Europe," the analysts stated. As the pipeline builds we expect the company to unlock further value," the analysts stated. Conviction list stocks Two of Goldman's stock picks are on its conviction list of most favored stocks.

Persons: Goldman Sachs, Alberto Gandolfi, Goldman, Enel, — Organizations: EDP Renewables, ENEL, Scottish, Renewables, LevelTen Energy Locations: Orsted, US, Germany, Europe

☆ Blinken criticises China's 'problematic behaviour' during visit to Tonga
▼ + stars: | 2023-07-26 | by ( Lucy Craymer | ) www.reuters.com time to read: +3 min

[1/6] U.S. Secretary of State Antony Blinken shakes hands with Tonga's Prime Minister Hu'akavameiliku Siaosi in Nuku'alofa, Tonga, July 26, 2023. UPOU VAIPULU/Pool via REUTERSWELLINGTON, July 26 (Reuters) - U.S. Secretary of State Antony Blinken warned of China's "problematic behaviour" during a visit to the Pacific island nation of Tonga on Wednesday, citing Beijing's militarisation of the South China Sea and what he called economic coercion. Blinken said at a press conference that the U.S. had no objection to China's engagement with the region but there were concerns that its investments needed to be transparent and undertaken with sustainable finance. "I think one of the things that we’ve seen is that as China’s engagement in the (Indo-Pacific) region has grown there has been some, from our perspective, increasingly problematic behaviour," he said. Blinken said the United States was committed to both Tonga and the broader Pacific Islands.

Persons: Antony Blinken, Hu'akavameiliku Siaosi, UPOU, Beijing's militarisation, Solomon, Blinken, Siaosi Sovaleni, Joe Biden, Wang Yi, Lloyd Austin, Emmanuel Macron, Sovaleni, Nuku’alofa, Lucy Craymer, Stephen Coates Organizations: Tonga's, REUTERS, Tongan, U.S . Defense, Embassy, Thomson Locations: Nuku'alofa, Tonga, REUTERS WELLINGTON, Pacific, South, U.S, Australia, New Zealand, United States, Washington, China, Papua New Guinea, Vanuatu, Beijing, Wellington , New Zealand

☆ 'Oppenheimer' leaves out the most terrifying, deadly risk of nuclear weapons because nobody knew about it until the 1980s
▼ + stars: | 2023-07-25 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

The film "Oppenheimer" is filled with terrible visions of nuclear war from the father of the atom bomb. But J. Robert Oppenheimer didn't know about the worst-case scenario: nuclear winter. The theory is that nuclear war would darken the skies, cool the planet, and cause billions to starve. Last year, they published findings that fish and livestock would not be able to sustain the world if nuclear winter wiped out crops. They concluded that a nuclear war between the US and Russia could cause 5 billion people to starve to death.

Persons: Oppenheimer, Robert Oppenheimer didn't, Christopher Nolan's, Cillian Murphy's J, Robert Oppenheimer, Alan Robock, Lucy Nicholson, Carl Sagan, Robock Organizations: Service, Bravo, NOAA, Rutgers University, Reuters, Trinity, US Army, Getty Images Locations: Wall, Silicon, Alamos, Central Valley, Russia, India, Pakistan

☆ The surprising list of actors who were up to play Ken in ‘Barbie’
▼ + stars: | 2023-07-25 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —Ryan Gosling may or may not be your ideal Ken in the new “Barbie” movie, but one of the film’s casting directors has shared who else might have gotten the role. In an interview with Vanity Fair, Allison Jones — who cast the hit film along with Lucy Bevan — talked about who else might have joined Barbie in her dream house. Like the line of dolls the movie is based on, there are multiple Barbies and Kens portrayed by a diverse cast of actors. And that meant Bowen Yang, Dan Levy, and Ben Platt were out of the running to play Ken. “Simu Liu was dying to be a Ken, God bless him,” Jones said of the actor who was eventually cast as one of the Kens.

Persons: CNN — Ryan Gosling, Barbie, Allison Jones —, Lucy Bevan —, Kens, Jones, Bowen Yang, Dan Levy, Ben Platt, Ken, “, I’m, ”, CJ Rivera, Slaven Vlasic, Evan Agostini, “ Simu Liu, ” Jones, Allan, Jonathan Groff, ’, Michael Cera, Bevan, Greta Gerwig, ” Bevan, ” Margot Robbie snagged, Kate McKinnon, Issa Rae Organizations: CNN Locations: London, Dua Lipa

☆ 'Good value, low risk, high quality': BofA names top Europe stocks to beat a recession
▼ + stars: | 2023-07-25 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

Bank of America has named multiple European "top stocks" it says are of "good value, low risk" and "high quality." All of them turned up on "recession screens" for July, in a market BofA described as a being in a recession style cycle. The euro zone entered recession in the first quarter of the year, according to economic data released last month. Energy companies the bank named include Shell , German company EON and Italian firm Enel . During recession cycles, investors have benefited from being overweight on value stocks rather than growth stocks, as well as on stocks with strong balance sheets and lower risk, BofA added, citing research based on a testing period between 1992 and 2003.

Persons: EON, Reckitt, BofA, — CNBC's Michael Bloom Organizations: of America, Roche, Novartis, Sanofi, GSK, Volvo, Benz, Ferrari . Energy, Shell, Unilever, Lysol, Hikma Pharmaceuticals, Auto Locations: Howden

Both Amazon and Alphabet will likely report their lowest-ever growth for the cloud computing business at 9.8% and 24.4%, respectively, according to analysts polled by Refinitiv. Meanwhile Microsoft Intelligent Cloud, home to Azure, is expected to grow at 13.7%, the slowest rate since 2017. The digital ad market recovery will also aid Alphabet, whose Google Search has so far avoided any meaningful market share loss to Microsoft's AI-powered Bing. Alphabet is expected to report 4.5% revenue growth in the April-June period, its best in three quarters. Microsoft and Alphabet will report quarterly results on July 25, Meta on July 26 and Amazon on Aug. 3.

Persons: Lucy Nicholson, Kingsley Crane, Rishi Jaluria, Jaluria, Bernstein, Yuvraj Malik, Aditya Soni, Shounak Dasgupta Organizations: Los Angeles , California U.S, REUTERS, Microsoft, Google, Refinitiv, RBC Capital, Facebook, Meta, BofA Global Research, Thomson Locations: Los Angeles , California, Bengaluru

☆ Morgan Stanley picks ‘particularly high conviction’ global stocks it says the rest of the market is missing
▼ + stars: | 2023-07-21 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

Morgan Stanley has named several buy-rated global stocks it expects to beat the market. "We expect Ozempic to drive a further upgrade to guidance before the 2Q results," the analysts wrote — the company reports on Aug. 10. Other drugmakers the bank is positive on are Grifols , where the bank expects a "solid performance," and Indivior , which is set for a "strong quarter," Morgan Stanley said. French materials manufacturer Saint-Gobain is also a Morgan Stanley pick, with the bank saying that consensus has not yet priced in its management's optimism on margins discussed at its annual general meeting last month. "While another positive beat ratio looks likely for 2Q23, a slowdown in global and European economic momentum suggests that the magnitude of the said beat will be closer to normal levels," they added.

Persons: Morgan Stanley, Giorgio Magagnotti Organizations: Novo Nordisk, Deutsche Telekom, . Energy Locations: Germany

☆ World's biggest permafrost crater in Russia’s Far East thaws as planet warms
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

BATAGAI, Russia, July 21 (Reuters) - Stunning drone footage has revealed details of the Batagaika crater, a one kilometre long gash in Russia's Far East that forms the world's biggest permafrost crater. "We locals call it 'the cave-in,'" local resident and crater explorer Erel Struchkov told Reuters as he stood on the crater's rim. The "gateway to the underworld," as some locals in Russia's Sakha Republic also call it, has a scientific name: a mega-slump. "In future, with increasing temperatures and with higher anthropogenic pressure, we will see more and more of those mega-slumps forming, until all the permafrost is gone," Tananayev told Reuters. "With an increasing air temperature we can expect (the crater) will be expanding at a higher rate," he said.

Persons: Erel Struchkov, Nikita Tananayev, Tananayev, Struchkov, aren't, Lucy Papachristou, Andrew Osborn, David Holmes Organizations: Reuters, Thomson Locations: BATAGAI, Russia, Russia's Sakha Republic, Yakutsk, Sakha

☆ Russia's Bolshoi, shunned in West, heads to Beijing for first tour since COVID
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

[1/7] Principal dancers of the Bolshoi Theatre Elizaveta Kokoreva and Dmitry Smilevsky take part in a rehearsal in Moscow, Russia July 12, 2023. REUTERS/Evgenia Novozhenina/File PhotoMOSCOW, July 21 (Reuters) - Moscow's Bolshoi Ballet, grounded by COVID-19 and then shunned in the West since Russia's invasion of Ukraine, returns to international touring next week for the first time since the pandemic with a trip to Beijing. "I believe that we will perform again (in the West), and others will come to (Russia) to perform. Vladimir Urin, the Bolshoi's director, said in April that he was saddened by the loss of what had been regular creative cooperation with Western theatre companies and artists. Reporting by Reuters Writing by Lucy Papachristou Editing by Andrew Osborn and Peter GraffOur Standards: The Thomson Reuters Trust Principles.

Persons: Bolshoi Theatre Elizaveta Kokoreva, Dmitry Smilevsky, Evgenia, Makhar Vaziev, Empress Catherine the Great, Don Quixote, we'll, Elizaveta Kokoreva, Vladimir Urin, Lucy Papachristou, Andrew Osborn, Peter Graff Organizations: Bolshoi Theatre, REUTERS, Bolshoi Ballet, Reuters, London's Royal Opera House, Thomson Locations: Moscow, Russia, MOSCOW, Ukraine, Beijing, China, Western, Italian, Minsk, Oman

☆ Who is Abascal, Spain's far-right potential kingmaker?
▼ + stars: | 2023-07-21 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsWho is Abascal, Spain's far-right potential kingmaker? PostedSpain's anti-feminist, anti-immigration Vox party has moved from the fringes to the center of politics in just a few years, and its founder and leader Santiago Abascal is emerging as potential kingmaker after Spain votes. A coalition could bring the far right into government for the first time since Franco's dictatorship ended in the 1970s. Lucy Fielder reports.

Persons: Santiago Abascal, Lucy Fielder Locations: Spain

☆ Shares in Pfizer rivals Hikma, Fresenius rally after tornado hits factory
▼ + stars: | 2023-07-20 | by ( Lucy Raitano | ) www.reuters.com time to read: +1 min

Hikma shares rose by as much as 9.4% in their largest one-day increase since last September. Pfizer is the largest supplier in the U.S. injectables market and Hikma is the second-largest, analysts said. Hikma, which has a market value of around $5.6 billion compared with Pfizer's $205.7 billion, might struggle to meet demand, Herrmann said. European healthcare stocks (.SXDP) were up around 0.7% on the day, outperforming the broader STOXX 600 (.STOXX), which rose 0.4%. Pfizer shares were up 0.16% in premarket trading.

Persons: Fresenius, Max Herrmann, Herrmann, Hikma, Amanda Cooper, Jan Harvey Organizations: Pfizer, Reuters, Thomson Locations: U.S, Rocky Mount, North Carolina, Hikma

☆ Hikma, Fresenius shares rally after tornado hits rival Pfizer's U.S. plant
▼ + stars: | 2023-07-20 | by ( Lucy Raitano | ) www.reuters.com time to read: +2 min

Nearly 25 percent of all sterile injectables used in U.S. hospitals are produced at the Rocky Mount facility, according to Pfizer's website. Hikma shares rose by as much as 9.4% in their largest one-day increase since last September, hitting an 18-month high. Pfizer is the largest supplier in the U.S. injectables market and Hikma is the second-largest, analysts said. Hikma has a market value of around $5.6 billion, compared with Pfizer's $205.7 billion and Fresenius SE's $16.7 billion, according to Refinitiv data. Pfizer shares were up 0.16% in premarket trading.

Persons: Fresenius, Max Herrmann, Herrmann, Hikma, J.P.Morgan, Amanda Cooper, Jan Harvey, Mike Harrison Organizations: Pfizer, Rocky, U.S . Food, Drug Administration, Thomson Locations: U.S, Rocky Mount, North Carolina, Hikma

☆ Goldman Sachs shares its top stock picks for China A.I. — and 2 are on its conviction list
▼ + stars: | 2023-07-20 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

In two research notes dated July 16, Goldman gave an overview of opportunities and risks created by generative AI and picked the stocks likely to benefit. In its base case scenario, the bank said, it expects generative AI to add 151 billion yuan ($21 billion) to the cloud computing market in China by 2027. "We see Alibaba as one of the best value stock proxies to enjoy the advertising recovery, fintech … and cloud structural growth," the analysts said. The bank described it as a "key AI beneficiary given its multi-year investments as an AI leader in China." We continue to see Tencent as a key advertising recovery proxy helped by Video Accounts and broader WeChat ad recovery."

Persons: Goldman Sachs, Goldman, Ronald Keung, fintech, chatbot Ernie, Tencent, Michael Bloom Organizations: Baidu, China Internet, Video Locations: China

Getting more cars on the road would help Tesla maintain its dominant U.S. market share in "turbulent times" and give it access to precious usage data needed to train the artificial intelligence models behind its self-driving technology. The billionaire believes full self-driving (FSD) could one day account for most of Tesla's value and give it a cushion rivals lack as they try to turn their EV operations profitable. "They're not an AI play the way Microsoft or Nvidia is an AI play," said Thomas Martin, senior portfolio manager at Tesla shareholder Globalt Investments. "They're more of an AI play the way a regular business is an AI play, except that this race to full self-driving has always been an AI issue, and it's always been based on data. Wells Fargo analysts said FSD's adoption could be impeded by its price, which Musk said was low.

Persons: Elon, Musk, Tesla, Gene Munster, Lucy Nicholson, John Tomlinson, Thomas Martin, it's, Wells, Peter Henderson, Aditya Soni, Akash Sriram, Dhanya Ann Thoppil Organizations: Tesla, Deepwater Asset Management, REUTERS, Global, Research, Beta, Microsoft, Nvidia, Globalt Investments, Dojo, Thomson Locations: Los Angeles , California, U.S

☆ Rare ‘Trojan’ world may share the same orbit as another planet
▼ + stars: | 2023-07-19 | by ( Ashley Strickland | ) edition.cnn.com time to read: +4 min

CNN —Astronomers may have found a rare “sibling” that shares the same orbit of a Jupiter-like planet around a young star. Two Jupiter-like planets, known as PDS 70b and PDS 70c, are already known to orbit the star. Evidence for Trojans beyond our solar system — specifically Trojan planets — has been sparse until now. The signal suggested a cloud of debris with a mass of about twice that of our moon, which could be a Trojan planet or a planet in formation. A cloud of debris (circled by a yellow dotted line) may be a newly forming planet in the same orbit as the planet PDS 70b.

Persons: ”, Olga Balsalobre, Lucy, “ Exotrojans, Jorge Lillo, Itziar De Gregorio, Monsalvo, “, Ruza, ALMA Organizations: CNN —, Astrophysics, Madrid’s, Astrobiology, IAU, Southern, Science, NASA Locations: ALMA, Chile

☆ UBS names its 'best single stock ideas' in the U.S. right now
▼ + stars: | 2023-07-19 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

Swiss bank UBS has revealed a list of "key investment ideas," selecting stocks based on factors such as market conditions, economic trends and government policy. "We focus on the equity asset class and highlight our best single stock ideas in the US tied to select messages," the bank's Chief Investment Office stated in a July 17 research note, adding that its ideas are updated monthly. It also chose wind energy company Xcel Energy , which it said is "well positioned to outperform the S & P Utilities index over the next 12 months." Green investment, infrastructure ideas "Green investment, decarbonization commitments, consumer sentiment, and regulation will continue to drive the case for investing sustainably," UBS said in the note, picking several stocks under the "go sustainable" theme. "The stock ideas listed under key investment ideas reflect current views as of publication," the bank stated.

Persons: Burger King, Carey, telco, — CNBC's Michael Bloom Organizations: UBS, Investment, Brands, Xcel Energy, TJX Companies, Air Products, NextEra Energy, Constellation Energy, U.S Locations: North America, China

☆ Crypto memes could land you in prison or with an unlimited fine for breaching financial promotion rules, UK regulator warns ‘finfluencers’
▼ + stars: | 2023-07-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

The UK's financial regulator is proposing new rules for social media promotions. It specifically highlights memes promoting crypto investment as potential rule-breakers. Crypto memes could break financial promotion rules and land people in prison, the UK's Financial Conduct Authority said Monday. The regulator is proposing new rules for social media, cracking down on "finfluencers" or financial influencers who promote financial services online. It follows a joint initiative with the UK's advertising regulator in April, designed to help influencers know which financial promotions are illegal.

Persons: —, Lucy Castledine, cryptoassets Organizations: Authority, Financial Services, Investments Locations: cryptoasset

☆ UBS just updated its 'highest conviction' stock list with picks to beat the market
▼ + stars: | 2023-07-17 | by ( Lucy Handley | ) www.cnbc.com time to read: +3 min

In a list of "23 for '23" picks, UBS included Baidu , Grab , Merck , Salesforce , Li Ning and Siemens . It updated its stock selection, adding Yum Brands and MGM Resorts International to the list last month, and removing AbbVie and Corteva . Our 23 for '23 theme showcases our highest conviction stock ideas that aim to benefit from these inflections," stated the authors of the UBS report, led by Nadia Lovell. UBS added MGM Resorts International to its picks, with analysts "encouraged by the continued strength in Las Vegas and a healthy outlook for MGM." Manufacturing and technology company Siemens made the UBS list for being "at the forefront of the Industrial Internet of Things (IIoT) transformation."

Persons: Li Ning, Nadia Lovell, Salesforce, Taco, — CNBC's Michael Bloom Organizations: UBS, Baidu, Merck, Salesforce, Siemens, Yum Brands, MGM Resorts International, MGM, Software, Manufacturing, Industrial, Taco Bell Locations: Swiss, Las Vegas

The settlement resolves a 2020 lawsuit by a retirement fund which holds Tesla stock and challenged stock options that were granted to Tesla directors starting in June 2017. A ruling is expected soon in the Musk case. The directors, including Oracle co-founder Larry Ellison, agreed to return the equivalent value of 3.1 million Tesla stock options, according to a court filing. Along with that gain in stock value, stock options awarded to the directors and to Musk rose sharply in value. Tesla had argued it used the stock options to ensure the incentives of directors were aligned with the goals of investors.

Persons: Lucy Nicholson, Tesla, Larry Ellison, Musk, coercing Tesla, Tom Hals, Nick Zieminski, David Evans Organizations: REUTERS, Elon Musk, Oracle, Police, Thomson Locations: Los Angeles , California, U.S, WILMINGTON , Delaware, Delaware, City of Detroit, Wilmington , Delaware

☆ Britain signs treaty to join trans-Pacific trade pact
▼ + stars: | 2023-07-16 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

AUCKLAND, July 16 (Reuters) - Britain on Sunday formally signed the treaty to join a major trans-Pacific trade pact, becoming the first new country to take part since its inception in 2018 and opening the way for members to consider other applications including from China and Taiwan. The signing was part of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) commission meeting being held in New Zealand. Britain's Business and Trade Secretary Kemi Badenoch said at the signing that her country was delighted to become the first new member of the CPTPP. The CPTPP is a landmark trade pact agreed in 2018 between 11 countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Britain will become the 12th member of the pact that cuts trade barriers, as it looks to deepen ties in the Pacific after its exit from the European Union in 2020.

Persons: Kemi Badenoch, Badenoch, Chris Hipkins, Lucy Craymer, Jamie Freed Organizations: AUCKLAND, Sunday, Trans, Pacific, Trade, European Union, Zealand, Thomson Locations: Britain, Pacific, China, Taiwan, New Zealand, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, Singapore, Vietnam, Ukraine, Costa Rica, Uruguay, Ecuador, .

☆ New Zealand prime minister says Pacific region less secure due to China's assertiveness
▼ + stars: | 2023-07-16 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

AUCKLAND, July 17 (Reuters) - The Pacific region is becoming more contested and less secure as China becomes more assertive, New Zealand Prime Minister Chris Hipkins said on Monday, outlining the country’s need to work with like-minded partners while still engaging with Beijing. “Our region is becoming more contested, less predictable, and less secure,” he said. “And that poses challenges for small countries like New Zealand that are reliant on the stability and predictability of international rules for our prosperity and security." “In this increasingly complex global environment, our relationship with China will continue to require careful management,” he said. Wang Xiaolong, China’s ambassador to New Zealand said in a speech that China and New Zealand relations were healthy, stable and thriving.

Persons: Chris Hipkins, Hipkins, ”, Wang Xiaolong, Lucy Craymer, Sandra Maler Organizations: AUCKLAND, Zealand, China Business Summit, Thomson Locations: China, Beijing, Auckland, “, New Zealand, New, Wellington, Australia, Canada, United States, United Kingdom, Lincoln

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