XPEV - Europe Set To Launch Anti-Subsidy Probe Into Chinese EVs American Airlines and Spirit Lower Profit Outlook Manchester United's New Shirt Sponsor: Today's Top Stories | Benzinga
Financial Times
Europe Set To Launch Anti-Subsidy Probe Into Chinese Electric Vehicles
- Chinese electric vehicle company stocks, including XPeng Inc (NYSE: XPEV), NIO Inc (NYSE: NIO), and Li Auto Inc (NASDAQ: LI), are trading lower Wednesday after Brussels shared plans to launch an anti-subsidy investigation into Chinese EVs that are "distorting" the EU market.
- European Commission President Ursula von der Leyen announced during her annual address to EU lawmakers, expressing concern over the influx of cheaper Chinese EVs into global markets.
Benzinga
Oil Giant BP's CEO Resigns Amid Investigation On Personal Conduct
- BP Plc (NYSE: BP) said Bernard Looney has resigned as its Chief Executive Officer with immediate effect.
- Murray Auchincloss, the company's CFO, will act as CEO on an interim basis.
- In May 2022, the Board received and reviewed allegations relating to Looney's conduct concerning personal relationships with company colleagues, with the support of external legal counsel. No breach of the company's code of conduct was found then.
Say Goodbye to Free COVID-19 Shots: CDC Approves Priced Boosters for Omicron Subvariants
- The Centers for Disease Control and Prevention (CDC) has officially endorsed COVID-19 booster shots for individuals six months and older as we approach the fall season.
- The new booster shots have been designed to target the Omicron subvariant XBB.1.5, which dominated cases earlier this year.
- Monday, the FDA cleared updated booster shots from Pfizer Inc (NYSE: PFE) and Moderna Inc (NASDAQ: MRNA) for individuals aged six months and older.
Manchester United Scores Big with Qualcomm: £60M Per Year Game-Changer
- Manchester United Ltd (NYSE: MANU) has confirmed that it will put U.S. technology company Qualcomm Inc's (NASDAQ: QCOM) Snapdragon brand on the front of the club's iconic jerseys, replacing TeamViewer.
- Under the expanded agreement, Snapdragon will be the shirt partner on the home, away, and third kits of the men's and women's teams.
Virtu In The Hot Seat: Sued By SEC Over Alleged Data Vulnerabilities
- Virtu Financial Inc (NASDAQ: VIRT) has been sued by the U.S. Securities and Exchange Commission for false and misleading disclosures relating to information barriers of its customers.
- The company was sued for making "materially false and misleading statements" regarding information barriers to prevent the misuse of sensitive customer information.
- The SEC's complaint alleges Virtu's database was accessible to practically anyone, including proprietary traders, through generic usernames and passwords.
American Airlines, Spirit Lower Q3 Profit Outlook, Blame Higher Costs