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Day: September 10, 2025
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EU Trade Deal Faces Scrutiny Amid U.S. Demands
Ursula von der Leyen, President of the European Commission, defended the recently negotiated trade agreement with the United States, amid criticisms from both sides of the Atlantic. In her address to European lawmakers, she emphasized the necessity of the agreement in the context of current global instability, stating, “The deal provides crucial stability in our relations with the U.S. at a time of grave global insecurity,” reports 24brussels.
Valérie Hayer, head of the liberal Renew Europe group, while offering a more measured critique, encouraged von der Leyen to maintain the EU’s regulatory independence during ongoing trade discussions. Hayer remarked on former President Trump’s continuous attacks on the EU’s digital regulations, which he claims disadvantage American companies.
European People’s Party leader Manfred Weber, aligning with von der Leyen, defended the trade deal but found himself somewhat isolated as he asked, “What is the alternative to Scotland?” His comments signal a divide among EU leaders regarding the agreement’s merits.
In her hour-long address, von der Leyen called on lawmakers to back the deal, which mandates the elimination of EU tariffs on U.S. industrial goods in return for a reduction in tariffs on European car exports to the U.S. She acknowledged the mixed reactions to the agreement, asserting, “I understand the initial reactions… But when you account for the exceptions that we secured… we have the best agreement. Without any doubt.”
However, Trump’s recent statements complicate proceedings, as he urged the EU to impose 100 percent tariffs on China and India to influence these nations to withdraw support for Russian President Vladimir Putin. This demand introduces additional tension to EU-U.S. relations, as it potentially complicates the ongoing discussions on trade and sanctions.
While von der Leyen did not directly address Trump’s requests, she highlighted the critical need for sustained pressure on Russia, stating, “We need more sanctions.” She referenced an upcoming 19th round of sanctions focusing on accelerating the phasing out of fossil fuel imports, signaling the EU’s commitment to taking a tougher stance amidst ongoing global conflicts.
Buena Vista Pictures Distribution/Warner Bros. Pictures
- How is Tesla like the 2006 Hollywood hit “The Prestige?” One analyst thinks he knows the answer.
- Morgan Stanley’s Adam Jonas wrote a lengthy breakdown of the movie in his latest note on Tesla.
- Analyst coverage of Tesla is often colorful, with market watchers dabbling in poetry and even launching clothing lines.
One analyst has come up with a unique way of explaining Elon Musk’s vision of a future dominated by robots — comparing it to Christopher Nolan’s 2006 science-fiction classic “The Prestige.”
“I was watching ‘The Prestige’ with my sons last Saturday night. Set in the late Victorian Era, I found many quotes by the character of Nikola Tesla (played by David Bowie) elegantly capture the zeitgeist of today’s era of scientific discovery,” Morgan Stanley’s Adam Jonas wrote in an analyst note on Monday.
The note was released shortly after Tesla announced a proposed pay package for Musk that could be worth as much as $1 trillion.
For those who haven’t seen it, “The Prestige” follows a feud between warring magicians Alfred Borden (Christian Bale) and Robert Angier (Hugh Jackman), two friends-turned-enemies in 19th-century London.
The scene Jonas is referencing sees Bowie’s Nikola Tesla warn Angier, who has become consumed by obsession and jealousy, about the consequences of using a dangerous new technology to perform a fresh magic trick and upstage his rival.
Jonas, Morgan Stanley’s managing director of global autos research, continued his foray into film criticism by linking several quotes from “The Prestige” to 10 predictions “for a world soon to be populated with autonomous robots.”
According to Jonas, Nikola Tesla’s warning to Angier that “the world only tolerates one change at a time” links to the growing overlap between Tesla and Elon Musk’s other companies, Tesla’s robotaxi fleet hitting 2,000 cars by 2026, aerial drones, and “Optimus limbs for Neuralink cyborgs.”
The analyst went on to connect Nikola Tesla’s quote that “man’s grasp exceeds his nerve” to Musk’s $1 trillion compensation package, China beating the US back to the moon, and the advent of “AI-enabled robots.”
It’s not the first time Jonas has shown his creative streak when analyzing Tesla’s prospects.
In a June note titled “Tesla Inc: American Autonomy,” the Morgan Stanley analyst examined the potential impact of AI robots on the US economy through the medium of poetry.
Jonas illustrated analysis on the effect of humanoid robots on the labor force and the importance of rare earth magnets with rhyming couplets like “hope you’ll not be too annoyed, with burgers flipped by humanoid,” and “resiliency is ours to gain, re-architect the supply chain.”
The note ultimately concluded that Tesla was the company best positioned to capitalize on the robotics boom, or as Jonas put it; “robots not a want but need, if not TSLA who will lead?”
It’s an unorthodox approach to analyst coverage, but Tesla is an unorthodox company, and Jonas is by no means the most colorful of Tesla’s Wall Street watchers.
That prize goes to Tesla bull Dan Ives, who launched a clothing line based on his eye-scorchingly bright outfits earlier this year.
Read the original article on Business Insider
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