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HomeAll NewsMost read newsBusiness Leaders Biography
Birthday : 06/28/1971
Place of birth : Pretoria - South Africa
Linked companies : Tesla, Inc.
Biography : Elon Reeve Musk is an entrepreneur and businessperson who founded 8 companies, among them: Tesla, In

EMEA Morning Briefing: Stocks to Edge Higher as -2-

08/05/2022 | 12:48am EDT

Ukrainian forces have concentrated fire on crossings over the Dnipro River, last month destroying a large road bridge 3½ miles to the east as well as striking the railway bridge.

France's Macron Wins Passage of Measures to Fight Inflation

French President Emmanuel Macron secured passage of a package of measures to help bolster household finances, a boost for the French leader as the country copes with rampant inflation stemming in part from Russia's war of attrition in Ukraine.

French lawmakers on Thursday gave final approval for the second of two bills that include more than €20 billion, equivalent to about $20.4 billion, in new measures aimed at helping French people cope with fast-rising prices-including an increase in pensions, rebat

Elon Musk Alleges Twitter Fraud in Countersuit Filed in Delaware

Elon Musk accused Twitter Inc. of fraud, saying the company misrepresented the condition of its business and key metrics about the users on its platform before he agreed in April to acquire the company for $44 billion.

Mr. Musk said in a countersuit made public Thursday that he decided to terminate the merger agreement after learning of what he described as troubling facts, including a restatement of Twitter's monetizable daily average users days after the pact was signed and that Twitter was allegedly miscounting the number of false and spam accounts.

Elon Musk Suggests Big Tesla Factory Expansion Plans

Tesla Inc. Chief Executive Elon Musk said Thursday that the electric-vehicle maker is likely to need roughly a dozen factories to reach its goal of selling 20 million vehicles annually by 2030.

An announcement about Tesla's next factory location could come later this year, he said at the auto makers's annual shareholder meeting, held at its Austin, Texas-area factory. Tesla currently has four car plants.

Warner Bros. Discovery Weighs Free Ad-Supported Streaming Plan

Warner Bros. Discovery Inc. is exploring launching a free, ad-supported streaming service, its chief executive said, the latest effort by a streaming giant to reach a broader audience as the competition for users intensifies.

The new company, the result of Discovery's merger with AT&T Inc.'s WarnerMedia earlier this year, will first focus on a previously announced plan to combine its two main streaming services, HBO Max and Discovery+, executives said during a call with investors. The combined subscription platform will be rolled out starting in the U.S. next summer, said JB Perrette, the company's CEO of global streaming.

China Evergrande Group to Give Up Land Use Rights of Soccer Stadium for Over $800 Million

China Evergrande Group will give up its land use rights of a football stadium in China for 5.52 billion yuan ($817.89 million), as the embattled property developer looks for ways to pare debt.

The real estate conglomerate will return the land to its owner, China's Guangzhou Municipal Planning and Natural Resources Bureau, China Evergrande said late Thursday.

Penguin Random House CEO Defends Publishing Merger at Antitrust Trial

WASHINGTON-Penguin Random House's chief executive testified Thursday that the publishing giant's planned acquisition of competitor Simon & Schuster would benefit consumers and authors, pushing back against antitrust claims from the Justice Department.

Markus Dohle, who has run Penguin Random House since its creation in a 2013 merger, said the company was "the best home" for Simon & Schuster's imprints.

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This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

08-05-22 0047ET