Zelenskiy Promotes Allies Who've Shown They Can Deal With US
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Ukrainian President Volodymyr Zelenskiy's cabinet overhaul this week was part of an effort to move into position presidential loyalists who can potentially win favor with Donald Trump.
The new prime minister, Yulia Svyrydenko, took office 11 weeks after her team at the Economy Ministry secured a deal with the US over access to Ukraine's natural resources.
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"Last quarter was bruising: revenue declined, earnings missed heavily, and management pulled its full-year guidance," he said. "This time, investors want more than just autonomous hype – they want clarity on the health of the core car business." He added: "Margins will be critical. Price cuts have propped up volumes but eroded profitability. Meanwhile, the political fallout surrounding CEO Elon Musk is increasingly material." Alphabet (GOOG, GOOGL) – Releases second quarter results on Wednesday 23 July One area of focus going into Google-parent Alphabet's (GOOG, GOOGL) second quarter results on Wednesday will be fears around increasing competition in search from AI chatbots. Reuters recently reported that OpenAI was set to release an AI-powered web browser that would challenge Alphabet's Google Chrome. At the same time, CNBC reported last week that OpenAI has said it will use Google's cloud infrastructure for its ChatGPT AI assistant. 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