U.S. market

Polestar's second-quarter sales fell 4% to 17,296 cars, down from 18,026 a year earlier, as the Swedish EV maker prepares to exit the U.S. market.

Nothing has launched its first B-series phone, the Phone 4B, which skips the US market. The device combines design elements from the 4A and 4A Pro models and replaces the naming convention of last year's Phone 3A Lite, positioning itself as a lower-tier product compared to the A-series.

A rebound for AI stocks lifted the U.S. market. Major US stock indexes saw gains on Monday, driven by performance in the AI sector.

Asian shares were mixed following a sell-off of AI stocks on Wall Street, which caused the U.S. market to decline sharply. Oil prices fell after the U.S. launched airstrikes against Iran, while major AI-related stocks like Super Micro Computer and Nvidia experienced significant drops.

The FDA has approved the first new sunscreen ingredient for the U.S. market in over 25 years. Federal health regulators signed off on the approval.

Lectric, a bootstrapped e-bike company, has grown as VC-backed competitors went bankrupt, launching three new brands in six months. The company highlights the U.S. market as ripe for competition and choice.

SoftBank's shares fell 10% following a U.S. market sell-off driven by profit taking in the tech sector. The decline reflects broader volatility in technology-related stocks.

Mercedes-Benz may be excluded from the U.S. market under a bill targeting Chinese automaker ownership. The company's largest individual shareholder is BAIC, a Chinese state-owned automaker, and exemptions in the legislation would not apply to them.

BYD, a Chinese car company, overtook Tesla as the world's top electric vehicle seller last year despite limited access to the U.S. market. The article highlights China's strategic investments in innovation driving EV success and warns of potential harm to American automakers from protective tariffs.