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Pirelli, Sinochem Mull Cutting Chinese Stake in Tiremaker to 10%

Pirelli & C. SpA is in talks with its largest shareholder, China’s Sinochem Group, over options that include reducing the Chinese conglomerate’s stake in the Italian tiremaker to about 10% to ease concerns over access to the US market, according to people familiar with the matter.

By Daniele Lepido

Submissions Open for Bloomberg Law’s Leading Law Firms

Bloomberg Law’s Leading Law Firms is a ranking of law firms based on information including revenue, headcount, growth, and innovation. The program recognizes excellence and growth across a variety of success metrics including, but not limited to, revenue and headcount. Get details on the survey and request a link for your firm to participate.

Full Impact of Trump Tariffs Will Shake Transfer Pricing in 2026

The effect of the Trump administration’s tariffs, and the transactional changes sparked by the tariffs, will complicate transfer pricing compliance in 2026.

VW, Audi’s US Sales Plummet as Trump Policies Take Toll

Volkswagen AG’s US sales of VW and Audi vehicles plunged in the fourth quarter, as Donald Trump’s tariffs and undercutting of electric vehicles take a toll on Europe’s biggest automaker.

Jain’s Multistrategy Hedge Fund Up 3.7% in First Full Year

Bobby Jain’s multistrategy hedge fund gained 3.7% in its first full year of trading, according to people with knowledge of the matter.

Trump Says Modi Unhappy Over Tariffs as India Cuts Russian Oil

US President Donald Trump said Indian Prime Minister Narendra Modi was unhappy with him due to Washington’s high tariffs on the South Asian nation, the latest sign of continued strain between the two countries.

Transport Stocks Leap to New High on US Economic Growth Hopes

US transportation stocks closed at a record level Tuesday capping off a rebound fueled by prospects of strong economic growth this year.

Supreme Court Sets Friday for Opinions Amid Tariffs Watch

The US Supreme Court scheduled Friday as an opinion day, indicating that date will be the first chance for a ruling on President Donald Trump’s global tariffs.

Automakers Face an ‘EV Winter’ as Sales Growth Slows

Growth in global sales of electric vehicles is expected to slow this year as China winds down some subsidies, Europe wavers on its phase-out of combustion engines, and US producers and policymakers make a U-turn from the segment.

BlueScope Steel Shares Surge After $8.8 Billion Takeover Bid

BlueScope Steel Ltd. shares surged in Sydney, after the company said it was considering a A$13.2 billion ($8.8 billion) takeover bid by US steelmaker Steel Dynamics Inc. and Australian conglomerate SGH Ltd.

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