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Electric vehicles drove that change. In the first quarter of 2023, Russians purchased more Chinese cars than Lada, the beloved Soviet-era marque. That helps Chinese manufacturers churn out an electric vehicle for around 10,000 euros less than European competitors, according to Grant Thornton. Among the growing list of unwelcoming policies, the European Commission’s trade defence unit is considering ways to stem the tide of Chinese electric vehicle imports, according to Politico. How far China’s carmakers can make inroads further West will be decided by much more than assessments of their competency.

Persons: Bill Russo, Nio, Grant Thornton, Bernstein, Emmanuel Macron, CATL, Una Galani, Thomas Shum Organizations: Reuters, HK, Volkswagen, World Trade Organization, International Energy Agency, Global Times, Beijing, Lada, Chery, Amperex Technology, Politico, Ford Motor, Toyota, Nissan, Twitter, Thomson Locations: HONG KONG, BYD, People’s Republic, Europe, China, Shanghai, Hong Kong, New York, Japan, London ., European, United States, North America, France, Thailand, West

☆ Why the Pentagon Papers Leaker Tried to Get Prosecuted Near His Life’s End
▼ + stars: | 2023-06-18 | by ( Charlie Savage | ) www.nytimes.com time to read: +1 min

In examining his legacy, the scrutiny he tried to bring to the Espionage Act in making that disclosure also deserves attention. The government has various tools to deter and punish unauthorized disclosures to reporters and the public, and for most of American history, it did not try to send leakers to prison. In 1957, the military included Espionage Act charges in the court-martial of an Army colonel for giving reporters information about a disputed missile program, but prosecutors dropped the charges. In 1971, the Justice Department obtained its first such indictment in the case against Ellsberg and a colleague who had helped him, Anthony Russo. A decade later, the Justice Department under the Reagan administration tried again, bringing Espionage Act charges against a defense analyst who had provided classified satellite photographs of a Soviet shipyard to Jane’s Defence Weekly.

Persons: “, ”, leakers, —, Ellsberg, Anthony Russo, Reagan, Bill Clinton Organizations: Justice Department, Department, Jane’s Defence Locations: Soviet

☆ How Daniel Ellsberg, who died at 92, went from being a disillusioned member of the government-military elite to a hero of anti-war movements
▼ + stars: | 2023-06-17 | by ( Associated Press | ) www.businessinsider.com time to read: +16 min

Daniel Ellsberg, the whistleblower behind the Pentagon Papers, died at 92, his family said Friday. David Halberstam, the late author and Vietnam War correspondent who had known Ellsberg since both were posted overseas, would describe him as no ordinary convert. "Without Nixon's obsession with me, he would have stayed in office," Ellsberg told The Associated Press in 1999. Ellsberg's story was depicted in the 2009 documentary "The Most Dangerous Man in America: Daniel Ellsberg and the Pentagon Papers." He and Marx wedded in 1970, the year before the Pentagon Papers were made public.

Persons: Daniel Ellsberg, Ellsberg, —, — Daniel Ellsberg, Richard Nixon, Julia Pacetti, Dan, Robert S, McNamara, Lyndon Johnson's, John F, Kennedy, David Halberstam, Johnson, Neil Sheehan, Henry Kissinger, Hannah Arendt, Nixon, Nixon fumed, H.R, Haldeman, Matthew Byrne, Gordon Liddy, Howard Hunt, Byrne, Daniel, Harry Truman, nodded, Ellsberg's, Rand, Anthony J, Russo, Robert, Kissinger, Sen, William J, Fulbright, George McGovern of, Marcus Raskin, Ralph Stavins, Sheehan, Raskin, Stavins, didn't, spry, George W, Bush, Obama, Julian Assange, Chelsea Manning, Edward Snowden, Snowden, Patricia Marx, Marx Organizations: Pentagon, Service, Supreme, Defense, Harvard, Democratic, Republican, The New York Times, Washington Post, The Associated Press, National Security, United, U.S, White, Democratic Party's, Washington , D.C, Associated Press, Coast, Rand Corp, Christian Science, Soviet Union overseas, Harvard University, Marines, Ivy League, Defense Department, State Department, Rand, Xerox, Arkansas, Foreign Relations Committee, Institute for Policy, Times, ., Army, New York Times, Massachusetts Institute, Technology's Center for International Studies Locations: Boston, Los Angeles, Vietnam, Indochina, U.S, France's, America, United States, Beverly Hills , California, Washington ,, Saigon, Santa Monica, Chicago, Detroit, Pearl, London, Germany, Japan, Santa Monica , California, George McGovern of South Dakota, Iraq, Afghanistan, Russia

☆ Tesla's China expansion hits speed bump amid industry overcapacity
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +5 min

"You could argue that as Tesla, I've got new products, I need to have a new factory to build them in," he said. "But viewed from the China government's point of view, all they see is a market that's oversupplied." Construction of Tesla's Shanghai plant took less than a year to complete after it broke ground on the site in 2019. U.S. luxury EV maker Lucid Group (LCID.O) is also keen to make cars in China but has been advised that the possibility was low, industry sources said. "China needed Tesla to open the market for retail consumers, but Tesla needs China, because the supply chain benefits of being here and the competitive bar that's set here makes Tesla a more competitive company globally.

Persons: Tesla, Bill Russo, I've, Elon Musk, Ding Xuexiang, Musk, it's, Dan Ives, EVs, Nio, Xiaomi, Automobility's Russo, Zhang Yan, Brenda Goh, Jamie Freed Organizations: National Development, Reform Commission, Tesla, Wedbush Securities, Reuters, HK, Lucid, Thomson Locations: China, SHANGHAI, Shanghai, Beijing, CHINA, United States, Southeast Asia, Canada, India, South Korea, Indonesia

☆ Fact Check-False claim of COVID vaccine link to AIDS-related illnesses recirculates
▼ + stars: | 2023-06-06 | by ( Reuters Fact Check | ) www.reuters.com time to read: +6 min

The Expose article says that its central claim is based on a “cherry-picked” list of conditions associated with AIDS and HIV infection. Any increase in the incidence of the listed conditions “would not necessarily be proof that the COVID-19 vaccines cause weakened immune systems,” Mimiaga noted. The claim that COVID vaccines can cause “vaccine-acquired immunodeficiency syndrome” or “VAIDS” has been shared since 2021. Similar claims that COVID vaccines cause HIV infections, AIDS or AIDS-like immune weakening have also been debunked (here), (here). The posts stem from a story that uses unreliable data to falsely suggest a link between COVID vaccines and AIDS-associated diseases and cancers, according to independent health experts.

Persons: ”, VAERS, Matthew Mimiaga, Mimiaga, Thomas Russo, ” Mimiaga, ” Russo, Read Organizations: Reuters, U.S, U.S . Centers for Disease Control, Prevention, CDC, Facebook, Food and Drug Administration, University of California, Fielding School of Public Health, ”, myocarditis, University, Buffalo Jacobs School of Medicine, Biomedical Sciences Locations: United States, Los Angeles, COVID

☆ No One Knows How Many L.G.B.T.Q. Americans Die by Suicide
▼ + stars: | 2023-06-01 | by ( Azeen Ghorayshi | ) www.nytimes.com time to read: +1 min

She recalled the recent suicide of a young man who died in the house of older adults. “It was heartbreaking to hear,” said Ms. Russo, a lesbian who has lost loved ones to suicide. people show they have high rates of suicidal thoughts and suicide attempts, factors that greatly increase the risk of suicide. But because most death investigators do not collect data on sexuality or gender identity, no one knows how many gay and transgender people die by suicide each year in the United States. The absence of data is especially unfortunate now, they said, when assumptions about suicide rates among L.G.B.T.Q.

Persons: Ms, Russo, ” Organizations: L.G.B.T.Q Locations: United States

Kinmen, Taiwan CNN —As the sun sets over Taiwan’s Kinmen islands, the neon lights of mainland China dazzle in the distance just 2.5 miles away. That lingering potential for invasion might make it seem like an unlikely place to construct a bridge to mainland China. Anti-invasion spikes along the coast of Taiwan's Kinmen islands. During a recent trip to Kinmen, Taiwan Vice President and DPP presidential candidate William Lai said he recognized the sacrifices of the islanders during decades of conflict. “The Taiwanese government looks at the Chinese military threat as something that cannot be accepted and we condemn it,” he added.

Persons: John Mees, Ko Wen, ”, Xi Jinping, Ho Chih, Sam Yeh, Kinmen, Yang Chien, ” Yang, “, Yang, Yang Pei, Huang Li, cheng, Tsai Ing, William Lai, Wu Chia, chiang, Nancy Pelosi, Kevin McCarthy, Joseph Wu, ” Wu, Maestro Wu Tseng, Maestro Wu Organizations: Taiwan CNN —, Communist, People’s Liberation Army, CNN, Democratic Progressive Party, Taiwan’s Presidential, Mainland Affairs Council, Chinese Communist Party, CCP, Mainland Affairs, Russo, Getty, Communist China's, Tourism Association, Communist Party, Xi, United States, Taiwan’s, Taiwan Locations: Kinmen, Taiwan, China, Beijing, Taipei, Taiwan’s, Xiamen –, Xiamen, Chinese, Ukrainian, Russia, Taiwan's, AFP, Jinsha, “, Fujian, California, Beijing’s

☆ China's BYD has a 'weapon' that Tesla doesn't have, says investment advisory firm
▼ + stars: | 2023-05-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's BYD has a 'weapon' that Tesla doesn't have, says investment advisory firmBill Russo of Automobility says BYD is selling extended range hybrid vehicles, and "Tesla can't even counter that move."

Persons: Tesla, Bill Russo, Automobility

☆ Elon Musk’s visit underscores China's importance to global EV market, analysts say
▼ + stars: | 2023-05-31 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

Xiaolu Chu | Getty Images News | Getty ImagesFrom handshakes with Chinese officials to visits to China's top ministries, Elon Musk's visit to Beijing is putting the spotlight on China's place in the global electric vehicle market. The Tesla CEO's visit to China is a "very important one" for him, said Anthony Sassine, senior investment strategist at investment manager Kraneshares. Price warsTesla slashed prices for its EV sales in China last October and January, but subsequently raised prices again in May. "It signals how important the China market is to defend and how important it is to your global system, you need the scale of China working for you," he said on CNBC's "Squawk Box Asia." He noted that China the most competitive market for EVs, with Tesla competing with multiple local companies for supremacy.

Persons: Xiaolu Chu, Elon Musk's, Tesla, Anthony Sassine, Sassine, CNBC's, Musk, Jamie Dimon, Bill Russo, Russo Organizations: Getty, Kraneshares, Communist Party, Musk, JPMorgan, U.S, EVs Locations: Shanghai, China, Beijing, U.S

David Solomon has been Goldman Sachs' CEO for over four years since succeeding Lloyd Blankfein. There's been a lot of talk about the morale at Goldman Sachs. Solomon said there were fewer "partner transitions at Goldman Sachs" in 2022 than any year "going back to 2014." Meanwhile, Solomon's expensive foray into consumer banking raised the ire of some longtime Goldman partners, as Insider has previously reported. The fresh faces among the Goldman Sachs executives who took the stage at the bank's investor day highlight the leadership changes under Solomon.

☆ Fan Bingbing spotlights Asian designers at Cannes
▼ + stars: | 2023-05-25 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

Making her first appearance at Cannes since 2018, Fan arrived at last Tuesday’s opening event (the premiere of Johnny Depp’s new film “Jeanne du Barry”) wearing a creation by Christopher Bu. Fan Bingbing attends the Red Sea International Film Festival's "Women's Stories Gala" wearing an outfit by South Korean label Miss Sohee. Fan Bingbing in a golden gown by Vietnamese fashion designer Chung Thanh Phong. Her looks at Cannes have not been exclusively by Asian designers. Fan attending the Oscars in March 2023, one of her first public appearances outside China since a tax controversy threatened to derail her career.

Persons: Fan Bingbing, Louis Vuitton, Fan, Johnny Depp’s, Jeanne du Barry ”, Christopher Bu, Sohee, Daniele Venturelli, Miss Sohee, Chung Thanh, Jimmy Choo, Harvey Cenit, Chung Thanh Phong, Arnold Jerocki, FanBingbingCannes, Mikael D, Mikael Derderian, Wes Anderson’s, Tamara Ralph, Ralph, Russo, ”, Emma McIntyre, Jessica Chastain, Penélope Cruz, Tony Ward Couture Organizations: CNN, Cannes, South, Palais des, Red Sea, Miss, Sohee, Canadian, Forbes, Global Times, The Berlin, Fashion Locations: China, South Korean, Korean, Weibo, Lebanese, Charleston

☆ Say goodbye to the US car market as we know it: Cheap Chinese EVs are coming
▼ + stars: | 2023-05-16 | by ( Nora Naughton | Tim Levin | ) www.businessinsider.com time to read: +6 min

After years of eyeing the American market, Chinese brands are poised to arrive. After years of preparation, Chinese car companies are poised to upend the US electric-vehicle market. Chinese EV manufacturers can gain a foothold in the US by coming in at a budget price point, analysts said. "I've driven a number of the Chinese EV brands, and boy oh boy, the Europeans are in trouble." The sheer size of the US car market means new entrants will need to build locally to compete seriously in the long term, he said.

☆ A discontinued Rolex just sold at auction for a record-breaking $2.5 million — the winning buyer reportedly was the watchmaker
▼ + stars: | 2023-05-15 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

A rare Rolex Milgauss "mad scientist" watch sold at auction for $2.5 million. The winning buyer purchased the timepiece on behalf of Rolex itself, sources told Bloomberg. Phillips in Association with Bacs & RussoThe winning buyer was acting on behalf of Rolex itself, sources told Bloomberg. Earlier this year, the Swiss brand quietly discontinued production of the Milgauss, known to many as Rolex's "mad scientist" watch for its magnetic interference-resistant design. The world record auction price for any wrist watch remains $17.8 million in 2017 for Paul Newman's very own Daytona Reference 6239.

☆ Erdogan's future is in doubt, but Turkey's ties to Russia and tensions with the US aren't going anywhere
▼ + stars: | 2023-05-12 | by ( Matthew Mai | Defense Priorities | ) www.businessinsider.com time to read: +6 min

Western observers dislike Erdogan's foreign policy, but a different leader is unlikely to change course. Critics charge that President Recep Tayyip Erdogan's foreign policy is a direct outgrowth of his illiberal posture at home rather than shrewd geopolitics. Whether Erdogan or his challenger, Kemal Kilicdaroglu, wins, the interests guiding Turkey's foreign policy will require the same balancing act that eschews alignment with any great-power bloc and maximizes Ankara's freedom of action. Locals applaud as a convoy of Turkish trucks carrying tanks near Turkey's border with Syria in October 2019. By prioritizing independence and autonomy, foreign policy under a prospective Kilicdaroglu administration will embody a significant degree of continuity from his predecessor.

☆ 'Avengers' director Joe Russo says everyone should be scared of AI
▼ + stars: | 2023-05-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

"Avengers" director Joe Russo says everyone should be scared of artificial intelligence. The director told Variety AI must work as a "tool servicing us rather than us servicing the tool." "Avengers" director Joe Russo has weighed in on the development of artificial intelligence. "I think everyone should be scared of AI," Russo told Variety at the Los Angeles premiere of "Citadel." Russo told Variety AI must work as a "tool servicing us rather than us servicing the tool."

☆ New York’s Most Inventive Pizzas Are Cooked Up at Pop-Ups
▼ + stars: | 2023-05-09 | by ( Pete Wells | ) www.nytimes.com time to read: +2 min

For this we can thank the State Legislature, which passed a law last year allowing licensed vendors, including pop-ups, to sell food at breweries. Beer makers had been urging the change for years, said Ann Reilly, the executive director of the New York City Brewers Guild. In most of the state, the vendors are often food trucks stationed just outside the building. Follow New York Times Cooking on Instagram, Facebook, YouTube, TikTok and Pinterest. Get regular updates from New York Times Cooking, with recipe suggestions, cooking tips and shopping advice.

☆ CNBC Pro Talks: Buffett disciple says capital discipline is an 'adage' at Berkshire Hathaway
▼ + stars: | 2023-05-05 | by ( Alex Harring | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: Buffett disciple says capital discipline is an 'adage' at Berkshire HathawayThomas Russo became a value investor more than 40 years ago after meeting Warren Buffett at Stanford Business School in the early 1980s. Incorporating Buffett's style of value investing, Russo managed to grow assets in his Semper Vic Partners funds at Gardner Russo & Quinn to more than $9 billion. Watch what he expects from the annual Berkshire Hathaway shareholder meeting and where he's finding opportunities in today's tricky market.

While other automakers like Volkswagen AG (VOWG_p.DE) have also been caught out by the sharp shift in China, Japanese automakers stand out because of their limited showing in the fast-growing category of electric and plug-in hybrid sales. Mitsubishi, like some other Japanese automakers, does not break out China sales figures. Industry data analysed by Reuters showed its first-quarter sales in China fell by 58% from a year earlier. Nissan Motor Co Ltd (7201.T) posted a 45.8% drop in China sales and Mazda Motor Corp (7261.T) sales were down 66.5% in the first quarter. "Japanese automakers could face a similar struggle in the United States as in China," he said.

☆ 'Citadel': Priyanka Chopra Jonas on what her latest show gets right about diversity
▼ + stars: | 2023-04-28 | by ( Sandy Thin | ) edition.cnn.com time to read: +3 min

CNN —Within the first scene of new Prime Video series “Citadel,” Priyanka Chopra Jonas and Richard Madden have a conversation that flits from English to Mandarin to German to Spanish and finally, back to English. But it is also a statement of intent from the series, indicating the radical ambition of the project the creative team is embarking upon. Chopra Jonas – the star of over 50 Bollywood films – told CNN, “What we’re trying to do has never been attempted – in TV, features, long-form, short-form, anything. Prime VideoGiven the international scope of the world Prime Video hopes to create, it’s no surprise they have turned to two titans of the Marvel Cinematic Universe to steer the ship. There are very few things that bind us together in this increasingly divisive world, and stories are one of them.”“Citadel” is available of Prime Video from April 28.

☆ Amazon's $300 million new spy series 'Citadel' debuts to mediocre reviews and could be another high-profile miss for the streamer
▼ + stars: | 2023-04-28 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Amazon's ambitious new spy series, "Citadel," starring Priyanka Chopra, premiered today. Costing as much as an estimated $300 million, it stands to be one of the most expensive series ever made. It has a 56% critics rating on Rotten Tomatoes, based on 41 reviews. Amazon has a lot riding on its new ambitious spy series, "Citadel," but so far critics are less than impressed. Rotten Tomatoes deems a 60% score or less to be "rotten."

☆ The Spies of ‘Citadel’ Have Big Plans: Global Domination
▼ + stars: | 2023-04-27 | by ( Chris Vognar | ) www.nytimes.com time to read: +1 min

“But those were Hollywood-centric narratives that traveled. “It really is like riding a bucking bronco,” Joe Russo said. (The Indian and Italian productions have different showrunners.) According to The Hollywood Reporter, reshoots pushed the cost of “Citadel” to more than $200 million, which would make it one of the most expensive series ever made. (Amazon did not respond to multiple queries about the show’s budget.)

☆ Fact Check-COVID ‘monovalent’ vaccines not banned, FDA approval not withdrawn
▼ + stars: | 2023-04-25 | by ( Reuters Fact Check | ) www.reuters.com time to read: +6 min

But the original vaccines remain licensed in the United States and are not “banned” as suggested by some social media users. An FDA spokesperson also commented on the agency’s official Twitter account: “It's probably worth clarifying that the monovalent vaccines are still approved (licensed). EUA information for the Moderna and Pfizer vaccines can be seen on the FDA website (here) , (here). The FDA withdrew authorizations for emergency use of Pfizer-BioNTech and Moderna monovalent COVID vaccines while authorizing use of the updated, bivalent versions in all age groups. The agency did not withdraw its approval or license of the original vaccines, nor “ban” their use.

☆ China doesn't want American cars anymore — that's bad news for Ford and GM
▼ + stars: | 2023-04-22 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com time to read: +4 min

American car companies' sales in China have been on a steady decline. "The market has totally changed," Ford CEO Jim Farley said about ChinaWithout China, American car companies will likely lean into US electric vehicle sales. Some of this can be attributed to Chinese car companies' ability to build better and cheaper cars, especially EVs, that consumers are keen to buy. Car companies will double down on US buyers and EVsAs the industry bounced back from the Great Recession, and China became the fastest-growing (and EV friendly) car market in the world, American car companies rushed to enter the market. The China vs America face-off is at a stalemate – for nowWhile American companies lose ground in China, there is a bright spot.

Belgorod Mayor Valentin Demidov wrote on his Telegram channel that several apartment buildings were damaged in the blast. Russian state media boasted about the country’s Su-34 warplanes last December, when it said a “new batch of … frontline bombers” had been delivered to Russian forces to use against Ukraine. Russia state media did not say what kind of munition fell on Belgorod late Thursday. The Belgorod region has been the scene of several explosions and bombings since Russia’s invasion of neighboring Ukraine in February 2022. Local media reported two drones dropped small bombs at the local thermal power plants, citing an anonymous source.

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