Bloomberg in the news: covers tight US-China EV strategy as Ferrari’s Luce hits mixed reviews. Founder Michael Bloomberg built a media and finance powerhouse.
Kim has described North Korean troops who fought in Kursk as heroes and patriots, including those who self-detonated or charged at the front. The remarks come as Pyongyang’s military backing of Russia is under scrutiny amid reports of heavy NK casualties, with state media framing the actions as loyalty to the party.
Spirit Airlines has not secured a government-backed rescue and is preparing for possible liquidation amid two bankruptcies and rising jet-fuel costs; the Trump administration is negotiating a potential loan and warrants, while lenders urge a wind-down if no deal is reached. Travelers face disruption and fare implications across affected routes.
The Department of Justice has filed a lawsuit to acquire about 14 acres of land in Dona Ana County, near Mount Cristo Rey, to install fencing, lighting, and surveillance near the border. The Roman Catholic Diocese of Las Cruces is contesting the seizure, arguing it burdens religious exercise and sacred use of the site, which hosts annual pilgrimages. Compulsory possession would be added to ongoing legal battles over border infrastructure.
Ferrari has unveiled its first fully electric model, the Luce, designed with Jony Ive and Marc Newson, priced at €550,000 ($640,000). The car has sparked a divide: praise for its four-motor performance and design, but criticism online over styling. The company is pursuing global rollout with a focus on the US and China, reflecting divergent market dynamics.