Ferrari’s First EV, the $640,000 Luce, Fails to Impress

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 26 May 2026

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for May 26. Ferrari’s first all-electric vehicle fails to rev up fans–and investors. WSJ reporter Ben Katz breaks down the fallout, and why Ferrari says it’s unfazed. Plus, British oil giant BP removes its chairman after bullying concerns. And it’s getting more expensive to build a house. WSJ commodities reporter Ryan Dezember explains how the conflict in Iran and AI frenzy is rippling through the housing sector. Imani Moise hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Some follow the noise.
0:03.3	Bloomberg follows the money.
0:05.4	Because behind every headline is a bottom line.
0:09.3	Whether it's the funds-fueling AI or crypto's trillion-dollar swings,
0:13.8	there's a money-side to every story.
0:16.5	And when you see the money-side, you understand what others miss.
0:20.9	Get the money-side of the story., you understand what others miss. Get the money side of the story.
0:22.9	Subscribe now at Bloomberg.com.
0:30.9	British Energy Company BP removes its chairman after concerns about bullying.
0:36.1	Plus, the housing market's latest problem, soaring costs for materials like copper.
0:41.4	Data centers, the EV makers, the electrification build out is colliding with home builders.
0:47.6	And Ferrari launched its first electric car, the $640,000 luce, failed to impress investors.
0:54.0	It's Tuesday, March 26.
0:56.0	I'm Imani Moise for the Wall Street Journal, filling in for Alex Osce.
1:00.0	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:07.3	We start today's show with leadership turmoil at BP.
1:10.9	The British energy giant has removed its chairman, Albert Manifold.
1:14.8	WSJ has learned that the board was told he was verbally abusive to both junior and senior employees.
1:20.4	The board also believes that he shared privileged information with people who weren't supposed to have it.
1:25.8	Manifold didn't respond to request for comment.
1:28.3	The company has now had three chief executives and three chairman since 2023.
1:33.6	BP shares today dropped 4% in London.
	...

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