US Targets Russian Oil, Musk Hijacks Tesla Earnings, Deepseek in Africa

US Targets Russian Oil, Musk Hijacks Tesla Earnings, Deepseek in Africa

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The Trump administration announced sanctions on Russia’s biggest oil producers, rolling out its first major package of financial punishments on President Vladimir Putin’s economy as part of a fresh bid to end the war in Ukraine.

(2) The Trump administration is weighing export restrictions against China that would bar the purchase of a wide swath of critical software, a White House official said Wednesday.

(3) Elon Musk, the world’s richest person, spent the end of Tesla’s earnings call pleading with investors to ratify his upcoming $1 trillion pay package and blasting the shareholder advisory firms that have come out against the plan.

(4) SAP, Europe’s most valuable software company, reported third-quarter cloud revenue that missed analysts’ estimates in a sign that trade disputes and a weaker economy are weighing on sales.

(5) A majority of European Union countries, including Germany and France, are calling for a systematic review of the bloc’s regulations by the end of the year to dismantle old rules that pose challenges for the competitiveness of its companies.

Podcast Conversation: Wine Bars Are Booming Due to Casual Dining Trends, Tough Economy

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