Oil Back Above $100, Tesla’s $25B Robot Bet, Drugs Kept From Europe
About this episode
The episode discusses rising oil prices, Tesla's significant investment in AI and robotics, and banking reforms in Europe amidst increasing tax rates in the UK.
On today's podcast: (1) Oil rose for a fourth day as the US and Iran remained locked in a battle for control of the Strait of Hormuz after failing to meet for a fresh round of peace talks. (2) Tesla anticipates billions of dollars in additional spending this year to support Elon Musk’s ambitions to transform the electric-vehicle pioneer into an AI and robotics company. (3) The Swiss government outlined plans that would add billions of dollars to UBS' capital requirements, deepening a showdown with the lender over its proposed banking reforms. (4) European Central Bank Chief Economist Philip Lane said there’s a logical fiscal case for the region’s nations to issue joint bonds, though such a move would need to be underpinned by trust. (5) UK workers were hit with the highest increase in tax rates on wages of any wealthy country last year, according to a new report, as the Labour government has come under pressure to lighten Britain’s tax burden. Podcast Conversation: AI Is Coming for Our Aging Parents: Catherine Thorbecke See omnystudio.com/listener for privacy information.
People in this episode
Host: Bloomberg
Topics covered
- oil prices
- Tesla investment
- banking reforms
- European Central Bank
- tax rates
- US-Iran relations
Keywords
- oil
- Tesla
- UBS
- Philip Lane
- tax rates
- Europe
- Iran
- US
Mentioned in this episode
Organizations: Tesla, UBS
Places: UK, Europe, Strait of Hormuz, Iran, US
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