Tesla Rallies After Musk Speeds Up Rollout of Cheaper EVs

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 24 April 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for April 24. Tesla’s stock soars off hours after CEO Elon Musk announced it would accelerate the launch of new models, including at more affordable prices. Plus, the Senate passes a long-delayed foreign aid package. And WSJ reporter Jack Pitcher explains why Cathie Wood’s ARK funds are facing an investor exodus despite this year’s market rally. Luke Vargas hosts. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Net Suite by Oracle brings accounting, finance, inventory, and HR into one proven platform, helping you reduce costs everywhere.
0:09.0	Back by popular demand, Net Suite is extended its one-of-a-kind flexible financing program for a few more weeks.
0:15.8	Head to Netzweed.com. Wall Street.
0:19.3	Legislation forcing a sale of Tik-Toc and sending billions in aid to Ukraine and Israel
0:28.3	clears the US Senate and heads to President Biden's desk.
0:32.4	America sends a message to the entire world.
0:36.0	We will not turn our back on you.
0:39.0	We tell our allies, we stand with you.
0:42.0	We tell our adversaries, we stand with you. We tell our adversaries don't mess with us.
0:45.3	Plus Tesla rallies after Elon Musk promises to speed up the rollout of cheaper
0:51.0	EVs and Google's Cookie Plans crumble under regulatory pressure.
0:56.8	It's Wednesday, April 24th.
0:58.6	I'm Luke Vargas for the Wall Street Journal and here is the AM edition of What's News? The top headlines and
1:04.4	business stories moving your world today. The US Senate has passed a long
1:10.8	delayed bill sending more than 95 billion dollars in foreign aid to Ukraine, Taiwan,
1:17.1	Israel and Gaza, ending months of debate that had split the Republican Party. The final legislation largely matches an
1:25.0	earlier Senate bill but included several changes made by the House, including
1:29.6	the addition of sanctions on Russia and Iran. It also converted roughly 9.5 billion dollars in
1:36.5	Ukraine aid from grants into forgivable loans, a change designed to make the bill
1:41.8	politically palatable to Republicans.
1:45.2	And despite having to vie with some Senate lawmakers who opposed more money for Ukraine, Republican
1:51.0	Senate Minority Leader Mitch McConnell called the bill's ultimate passage a turning point.
	...

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