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Wall Street Breakfast Podcast: Alibaba Dips On Reported Apple AI Scrutiny
Seeking Alpha· 2025-05-19 11:00
Group 1: Alibaba and Apple Partnership - Alibaba's shares fell by as much as 4.8% in Hong Kong following reports of U.S. scrutiny over its potential AI partnership with Apple [6] - The White House is examining the agreement that would integrate Alibaba's AI technology into Apple's iPhones in China [6][7] - This scrutiny comes after Alibaba's recent quarterly revenue fell short of expectations, contributing to a decline in its stock [7] Group 2: General Motors and California's EV Mandate - General Motors is lobbying against California's zero-emissions vehicle mandate, which bans new gas-powered car sales by 2035 [10][11] - GM's internal goal to end sales of most gasoline-only vehicles by 2035 is now being reconsidered due to slowing EV sales and changing political dynamics [11] - The company has reached out to employees for support in lobbying U.S. senators to overturn California's regulations [10] Group 3: China’s Tariffs on POM Copolymers - China announced anti-dumping tariffs on POM copolymers from the U.S., EU, Japan, and Taiwan, with U.S. imports facing the highest duty at 74.9% [12][13] - The tariffs are a response to findings that imported products were sold below fair market value, harming domestic producers [13] - POM copolymers are crucial in manufacturing automotive parts, electronic components, and medical devices [13]