China-built EVs hit with EU tariffs; Nio says it may have to raise prices in Europe
Europe on Thursday confirmed tariff increases on electric vehicles imported from China to the continent with automakers criticizing the move.
Novo Nordisk shares shrug off concerns over study linking weight loss drugs to rare eye condition
Novo Nordisk investors appeared unperturbed Thursday by a critical Harvard report that linked weight loss drugs to a rare eye condition.
SoftBank stock hits its first record high in 24 years — Arm and AI helped it get there
SoftBank shares have been boosted by the improved financial performance in the Vision Fund and by a rally in the stock of chip designer Arm.
China hopes to reach a solution with the EU on EV tariffs ‘as soon as possible’
China’s Ministry of Commerce said it hoped to reach an agreement soon with the European Union on the bloc’s planned tariffs for imported Chinese electric cars.
CNBC Daily Open: Tesla powers S&P 500, Nasdaq to record highs
S&P 500 and Nasdaq closed at record highs in a session ahead of the July 4 holiday. Megacap technology stocks, Tesla and Nvidia, led the charge.
Polls set to close in landmark UK election as center-left Labour seeks return to power after 14 years
Polls are open from 7am to 10pm as the country elects a new parliament.
Indian officials visit Foxconn iPhone plant, question executives about hiring, Reuters reports
A five-member team of the federal government’s regional labor department visited the Foxconn factory near Chennai on July 1, according to Reuters.
China leads the patents race for generative AI, with Tencent and Baidu topping the list
China filed more than 38,000 of generative AI patents between 2014 to 2023, a new United Nations report on Thursday showed.
China faces economic headwinds as it grapples with an aging — and shrinking — population
Birth rates are falling around the world as women choose to have children later, or not at all.
U.S. named the worst place for British families to move abroad. Here’s why
The U.S. comes in last in a ranking of 28 countries, dragged down by high childcare costs, long work hours and lack of federally mandated paid parental leave.
