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The The president of Harvard steps down amid mounting criticism and

Tesla loses its crown as the biggest seller of electric vehicles.

Plus, a group of investors is suing e-cigarette maker Jewel

over its bailout by two long-time directors.

Allegations have emerged that these two Jewel directors in orchestrating the bailout were

acting in their own best interests and were preserving their own large stakes

in jewel while many other investors stakes were nearly wiped out.

It's Tuesday January 2nd.

I'm Ammeri Furtully for the Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that moved the world today.

Harvard President Claudine Gay has resigned. She's been facing mounting

criticism over her response to anti-Semitism on campus and allegations

that she plagiarized the work of other researchers on

several occasions. She'd been under pressure for weeks after testimony before a

house committee last month where she gave an equivocal response to a question

about whether calls for the genocide of Jewish people

violated the campus code of conduct. She was also accused of plagiarizing other academics.

Last month, the university's top governing board, the Harvard Corporation, said reviews of her work uncovered some instances of quote inadequate citation,

...