business

3/14/25

BMW expects a $1.1 billion tariff hit, warns of waning Chinese demand

BMW said that its sales in China fell more than 13% in 2024. Shares traded lower early Friday morning before flattening out.

Chinese domestic competition from lower-cost automakers like BYD crunched the German carmaker, which sells more than a quarter of its vehicles in China.

The company doesn’t seem to have much optimism for things turning positive in the world’s largest car market, but did reiterate its 3% market share in the country and affirm that it remains No. 1 in the premium segment there.

Like nearly all other major automakers, BMW isn’t just being squeezed by competition in China. The company said it expects the ongoing tariff tug-of-war led by President Trump to cost it $1.1 billion this year. BMW CEO Oliver Zipse said the company’s tariff price tag outlook is conservative but that the company doesn’t assume all the levies in place today will last the entire year.

Earlier this month, UBS analysts estimated that about a tenth of BMW’s US car sales (by unit) were imported from Mexico. Trump has further tariffs planned on goods imported from the EU early next month.

Shares of US automakers like GM and Ford have been seesawing this year amid tariff announcements, delays, and retaliation.

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Claire Yubin Oh

Shake Shack is launching a French onion soup... burger

The fast-casual chain will be hoping premium upsells can fatten up its profit margins.

Shake Shack French onion soup burger

business

9/11/25

Paramount Skydance reportedly preparing an Ellison-backed Warner Bros. Discovery takeover bid, sending shares soaring

Paramount Skydance is preparing a majority cash bid for Warner Bros. Discovery, The Wall Street Journal reported, sending shares of both companies surging. The Journal’s sources say the deal is backed by the Ellison family, led by David Ellison.

WBD shares were up 30% on the report, while Paramount Skydance jumped 8%.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

Exclusive | Paramount Skydance Prepares Ellison-Backed Bid for Warner Bros. Discovery

Exclusive | Paramount Skydance Prepares Ellison-Backed Bid for Warner Bros. Discovery

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

As tariffs take root, August new vehicle prices climb by the most in more than 2 years

According to data from Cox Automotive, 17 vehicle brands raised prices of their new vehicles by more than 3% in August.

Ford Issues Recalls On Some Of Its Mach-E Mustangs And Aviators

Netflix taps Amazon to sell streaming ads in new partnership

Starting this fall, brands will be able to access Netflix’s premium ad slots using Amazon’s buying tech.

Netflix Headquarters

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