General Motors anticipates a $1.6 billion negative impact in the next quarter due to the elimination of EV tax incentives and relaxed emissions regulations in the U.S. The company will book charges including impairment and other charges of $1.2 billion due to EV capacity adjustments. Additionally, $400 million in charges will result from contract cancellation fees and commercial settlements tied to EV-related investments. These shifts come amid a changing landscape as the government eases incentives for EVs, leading to reduced pressure on automakers, while competition increases from Chinese manufacturers like BYD.
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Alex Isenstadt’s upcoming book, *Revenge*, reveals a Fox News insider leaked Bret Baier and Martha MacCallum’s prepared questions for a Trump town hall to the Trump team. This allowed Trump to preemptively craft responses to potentially damaging inquiries, including those about revenge and political violence. The incident highlights Fox News’s hypocrisy, given Trump’s accusations of other networks rigging debates. Despite Fox News’s stated intention to investigate, the close ties between Trump and Fox News personalities suggest a thorough, unbiased investigation is unlikely.
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Alex Isenstadt’s forthcoming book, “Revenge,” alleges a serious breach of journalistic ethics at Fox News. According to the book, a Fox News insider leaked the questions for a January 2024 Trump town hall to the Trump campaign, giving the candidate an unfair advantage. This incident, based on multiple sources, highlights the close relationship between Trump and some within Fox News, a relationship further illustrated by Trump’s prior consideration of Maria Bartiromo as his running mate, a choice ultimately vetoed by his team. Fox News denies the allegations but plans an investigation.
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John Q. Hosedrinker