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Here is your TMB Tech Minute for Tuesday August 20th. I'm Zoe Thomas for

the Wall Street Journal. Tesla will pay lower import

duties on electric vehicles exported from China to the European Union after the block

revised penalties for carmakers. The EU has been

investigating whether Beijing unfairly subsidizes EVs built in China and in

July launched provisional tariffs to address what it said was an undercutting of competition.

Beijing rejected the findings.

Tesla was set to pay a tariff rate of 20.8 percent, but the EU's executive arm said it has verified the level of subsidies

Tesla received from the Chinese government and lowered the tariffs on the EV maker to 9 percent.

Chinese robot taxi companies could soon become the global leaders in a market potentially

worth more than $100 billion, according to analysts.

Chinese cities, including Beijing and Shanghai Shanghai have been extending testing zones and inviting

driverless taxis without human supervisors onto their streets in recent weeks.

China now has nearly 20,000 miles of roadway open to the first generation

of robo-taxies.

And the billions of dollars that Elon Musk borrowed to buy Twitter has turned into the worst merger finance deal for banks since the 2008-2009 financial crisis.

That's according to data from Pitchbook LCD.

The seven banks including Morgan Stanley and Bank of America,

...