Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Good morning. Today is Tuesday, May 20th. I'm Julie Morgan. Cattle charges ahead in Hong Kong.

Taiwan calls U.S. trade tensions friendly friction, and Delta can move forward with a lawsuit.

Shares of cattle, the world's largest producer of electric vehicle batteries, jumped around

13% on Tuesday on their first day of trading in Hong Kong. This following a $4.6 billion

capital raise in the biggest initial public offering globally so far this year.

CATL or contemporary Amperix technology sold more than 135 million shares at their maximum

offer price, $263 Hong Kong each, or $33.60. U.S.

Its shares rose after they started trading at $296 Hong Kong

dollars or $37.80 U.S., 12.5% higher than their offer price. They were up to about 13% by midday.

Cattle supplies batteries to automakers such as Tesla, Volkswagen, Ford, and

Mercedes-Benz. It has 13 battery manufacturing bases, of which 11 are in China. One is in Germany

and one in Hungary. It is also actively advancing its JV factory with Stalantis in Spain and battery value chain projects

in Indonesia. The president of Taiwan said that trade tensions between the U.S. and Taiwan are just

frictions between friends. For a long time, the U.S. and Taiwan have cooperated and have also

encouraged each other to grow, he said.

He went on to say that there are bound to be frictions between friends, but they can eventually be

reconciled. He also said that even if there are differences of opinion, as long as there is a

foundation of trust and sincere dialogue, they can understand each other better

and deepen their friendship. As part of broad levies issued against all U.S. trading partners,

President Trump placed 32 percent levies on all imports from Taiwan. The duties were later reduced

to 10 percent for 90 days to allow for negotiations.

...