Energy, Financials Push Wall Street Higher; Tech Weighs

Chinese companies’ moves to push baijiu outside of China come as Western drinks like Pernod Ricard and Diageo muscle in on Chinese liquor makers’ turf, tempting China’s twenty- and thirtysomethings with Irish and Scotch whiskies in particular. Makers of the Chinese liquor baijiu are reformulating the fiery grain liquid to appeal to a wider client base, including cocktail drinkers in New York, Los Angeles, and London, as sales at home slow.

The toy retailer used OpenAI’s Sora to create an entire commercial. Instead of a creative feat, it feels like a creative flop. When Toys “R” Us unveiled a new ad created entirely with OpenAI’s new Sora platform at Cannes Lions last week, its intention was to show off the creative potential of AI.

DoorDash made the approach to Deliveroo, but talks ended after disagreement on valuation. U. S. meal delivery group Doordash flagged an interest in a takeover of Britain’s Deliveroo last month, two people familiar with the matter told Reuters.

NTSB Chair Jennifer Homendy accused Norfolk Southern of interfering with the investigation and abusing its status as a party to the probe to help gather information. The head of the National Transportation Safety Board said Tuesday that Norfolk Southern repeatedly tried to interfere with the agency’s investigation into the East Palestine derailment and shape its conclusions about the flawed decision to blow open five tank cars and burn the vinyl chloride inside.

The recall includes over 31,000 Porsche Taycans, dating back to the car’s premiere date. The Taycan, Porsche’s first electric vehicle, hit the market in 2019. Now, the National Highway Traffic Safety Administration is recalling over 31,000 Taycans, dating back to the car’s premiere date. The issue focuses on the vehicle’s front brakes, which for about 5% of Porsche Taycan drivers are at risk of losing all functionality.

The economists say Trump’s economic plans would reignite inflation, in part because of his pledge to impose stiffer tariffs on Chinese imports, which they say will hike prices on many goods bought by U. S. consumers. Sixteen Nobel prize-winning economists signed a letter on Tuesday warning that the U. S. and world economy will suffer if Republican presidential candidate Donald Trump wins the U.